PwC's Indian unit has been banned from auditing listed companies for two years, over one of the country's biggest corporate scandals. Price Waterhouse was auditor for Satyam computers when company owner Ramalinga Raju admitted to inflating earnings.
Chancellor Angela Merkel struck a deal with Social Democrat (SPD) rivals on Friday to open government coalition talks, easing months of uncertainty that has undermined Germany’s global role and raised questions about her political future. But the deal to revive a “grand coalition” that has governed since 2013 must be approved by an SPD congress planned for January 21.
Donald Trump has cancelled a planned visit to the UK in February, where he had been expected to open a new US$1bn (£738m) US embassy in London. The US president tweeted he was not a big fan of the new embassy - which is moving from Mayfair to south London.
The former owner of a firm that made lingerie for Queen Elizabeth II wept on Thursday as she expressed regret that the company lost its royal warrant after her memoir disclosed details of a meeting with the monarch at Buckingham Palace. June Kenton said Rigby & Peller lost the right to display the royal coat of arms in 2017 after she mentioned the royals in her book, Storm in a D-cup.
Former UKIP leader Nigel Farage says he is close to backing a second EU referendum to end the whinging and whining of anti-Brexit campaigners. Mr Farage told Channel 5's The Wright Stuff a fresh vote could kill off the Remain campaign for a generation.
The British Foreign Office rejected an Ecuadorian government request to grant the WikiLeaks founder Julian Assange diplomatic status in a bid to bring to an end his forced stay in the South American country’s London embassy.
The first structurally complete airframe for the new BelugaXL rolled out from its assembly hangar in Toulouse, France this month. Once operational, a fleet of these next-generation airlifters will be used to transport completed sections of Airbus aircraft among the company’s European production sites and to its final assembly lines in France, Germany and Spain.
Boeing delivered more commercial airplanes than any manufacturer for the sixth consecutive year and set an industry record with 763 deliveries in 2017, driven by high output of the market-leading 737 and 787 jets. At the same time, the company grew its backlog with 912 net orders, reflecting healthy demand for its single-aisle and twin-aisle airplanes.
An international team of researchers, led by British Antarctic Survey (BAS), travels to the sub-Antarctic island of South Georgia this month to carry out the first scientific whale survey since whaling stopped in the 1970s.
The Brazilian Navy spotted something unusual in the azure waters of the South Atlantic. In 2015, at a remote outpost and biological research station on the island of Trindade, 1,100 kilometers off central Brazil, sailors spotted a small gray seal swimming in the waves. Two days later, they found its body on the island’s Catelha beach. Scientists who went to take a closer look made an astonishing discovery—the corpse was a young Weddell seal.