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PwC hit with $8.9 million penalty for ‘serious breaches’ on Babcock audits

Editors Pick The Business Files Reporter -
Britain's auditing watchdog has imposed a 7.5 million pound ($8.9 million) penalty on PwC for "serious breaches" found in audits of engineer Babcock International (BAB.L),...

China urges state firms to drop Big Four auditors on data risk – Bloomberg News

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Chinese authorities have urged state-owned firms to phase out using the four biggest international accounting firms as Beijing seeks to rein in the influence...

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World Bank’s Banga says more bilateral debt forgiveness needed

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World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

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Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

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Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

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Africa's immense economic potential is being undermined by non-transparent...

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