Grant Thornton fined over Conviviality audit failures

The accountancy firm Grant Thornton has been fined £3m by the industry regulator for failures during its auditing of the drinks group Conviviality, the owner of off-licence chains including Bargain Booze, which collapsed in 2018. The Financial Reporting Council (FRC) said the fine was reduced to £1.95m for admissions and early disposal but criticised Grant Thornton for failing to comply […]

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NYC Rental Market Pushed to Breaking Point by Tenant Debts

LISTEN TO ARTICLE SHARE THIS ARTICLE Covid-19 is pushing New York City’s affordable housing crisis to a breaking point. Look at 25-year-old Jessica Lee and her husband, who needed four roommates to afford their $4,000-a-month four-bedroom apartment in Brooklyn’s hip Bedford-Stuyvesant neighborhood, a relative bargain in the Big Apple. Now her husband and everyone else in the house have all […]

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U.K. Fines Grant Thornton, Sanctions Ex-Managers for Audit

In this article The Financial Reporting Council fined Grant Thornton UK LLP and sanctioned two of the auditor’s former executives for failing to maintain ethical standards, in the latest critique by regulators of accounting firms’ shortcomings. The accounting firm will pay 1.95 million pounds ($2.45 million) and another 207,000 pounds in costs, the FRC said Wednesday in an email. Natasha […]

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Why Singapore Has One of the Highest Home Ownership Rates

(This story is part of an ongoing series on the home designs that define cities. Read more here about iconic floor plans in London, Berlin, Amsterdam and Paris.)  In the movie “Crazy Rich Asians,” the main characters move between opulent mansions and colonial-era hotels in Singapore. But the reality is the vast majority of families live in modestly-sized apartments built by the government—concentrated, high-rise housing […]

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Which countries are open for summer travel? Here's the list

Many of the world's greatest travel destinations are reopening to international travelers this summer. But not all openings are created equal. A handful of countries are letting in everyone, while others are inviting only a select few. Here is a definitive guide to the countries that are now welcoming travelers — or have indicated they will before August. Do consider: […]

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Chief Justice John Roberts hospitalized last month after fall near Maryland home, Supreme Court confirms

Roberts drifts away from conservative bloc Some political insiders say Supreme Court Justice John Roberts has drifted away from the conservative bloc, providing hope for Democrats and angering Republicans. U.S. Supreme Court Chief Justice John Roberts spent a night in a hospital last month after injuring his forehead in a fall near his home, Fox News has confirmed. After the […]

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Here’s how much money banks snagged for distributing PPP funds

Big banks bagged a fortune in fees from distributing cash in the US government’s aid program for small businesses stricken by the coronavirus, according to fresh data. JPMorgan Chase reaped $864 million as it handed out $28.8 billion in loans for the Paycheck Protection Program, according to an analysis by S&P Global Market Intelligence. Bank of America, meanwhile, pulled in […]

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