AB InBev deal yields $2bn in fees and taxes

Takeover of SABMiller leads to bumper payday for advisers

Brussels set to scupper Apple ‘state aid’

Investigation into group’s Irish tax arrangements has angered US

PwC settles $5.5bn fraud detection lawsuit

Case shone light on auditors responsibility to detect wrongdoing

French court overturns burkini ban

Conseil d’Etat says prohibition goes against ‘fundamental liberties’

Renzi vows to rebuild devastated towns

Change of strategy after earthquake will involve political risk

Champions League revamp boosts big clubs

Additional places for top European leagues at expense of smaller nations

World’s biggest pension fund hit by $52bn loss

GPIF says strong yen caused stocks to tumble

ANA forced to cancel flights as it grounds some 787s

Carrier says problem with Rolls-Royce engines under investigation

US economic growth revised down to 1.1%

Weak second quarter follows tepid performance at start of 2016

Amazon to build three more bookstores

Investment marks about-turn from relentless focus on online retail

A model of the proposed Hinkley Point C power station. The project to build the reactor is expected to cost £18bn
©PA

Hinkley alternatives ‘offer huge saving’

Opting for offshore wind farms and gas could save £1bn a year

Comment & Analysis

Business defiance highlights Labour crisis

Companies ignore Opposition as leadership vote hangs over party

Antoine Griezmann of Atlético Madrid, Mauro Emanuel Icardi of Inter Milan and Kevin De Bruyne
©EPA; Reuters

China $2bn football spree stirs fans’ fears

Clubs in Europe question whether new owners have the commitment needed to seek long-term success

SEC must keep bearing down on private equity

Public pension fund investors should heed regulator’s findings on hidden fees

Conversation starters: Comments from our readers

"Free money has several effects. First, it gets thrown away. Second, it won't be paid back. Third, it destroys any incentive for reform of an economically inefficient legal infrastructure. And there aren't any EMs that are not dependent on China. So bad investments plus a slowing China equals default. Welcome bankruptcy the EM way! Zero recovery."
William Gamble on As China nears exhaustion investors must look elsewhere



"Auditors are ultimately human. Many are quite young and may not have the experience to spot highly complex or sophisticated fraud. The move to machine learning and AI is interesting and could potentially remedy some of these issues insofar as this technology can digest more data far quicker than a any human. It is something the Big Four are looking at."
Charlie 1987 on Accountancy’s Big Four need more competition



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