EY was warned in 2016 by one of its own employees that senior managers at Wirecard may have committed fraud and one had attempted to bribe an auditor. The revelation that an EY employee identified suspicious activity at Wirecard four years before the payments group imploded in Germany’s largest postwar corporate

European stocks on Monday had their best day since June, leading a global equity market rally driven by investors scooping up shares in beaten-down sectors as a choppy month draws to a close. The region-wide Euro Stoxx 600 index was 2.2 per cent higher, its best showing in three months, with

Donald Trump on Sunday raised the prospect of the Supreme Court striking down the Affordable Care Act just a day after announcing his third nominee to the US high court. The healthcare law introduced under Barack Obama is set to be a key flash point in next month’s confirmation hearings for

The US government has sanctioned China’s biggest chipmaker, dealing further damage to the country’s semiconductor industry after cutting Huawei off from its chip suppliers. On Friday, the US Department of Commerce told companies that exports to Semiconductor Manufacturing International Corporation (SMIC) posed an “unacceptable risk” of being diverted to “military end use”,

Spain’s response to the worst resurgence of coronavirus in Europe was plunged into chaos on Friday as Madrid regional authorities defied a national government call to put the whole capital city under new restrictions. The dispute highlights the governance crisis that has accompanied the pandemic in Spain and the lack

Donald Trump refused to commit to a peaceful transfer of power if he loses the election, sparking further concern about the November 3 poll. “We’re going to have to see what happens,” the president said when asked at a news conference. Mr Trump repeated his mantra that the ballots being posted to

The income earned by workers around the world fell more than 10 per cent in the first nine months of 2020 as a result of the coronavirus pandemic, according to the International Labour Organization — a loss totalling more than $3.5tn. The estimate, which equates to 5.5 per cent of global gross domestic

Facebook has said it will take aggressive and exceptional measures to “restrict the circulation of content” on its platform if November’s presidential election descends into chaos or violent civic unrest. In an interview with the Financial Times, Nick Clegg, the company’s head of global affairs, said it had drawn up plans

European markets tumbled after sharp rises in coronavirus cases across the continent prompted concerns about new lockdowns, dealing a heavy blow to bank and travel shares. London’s FTSE 100 was down 3.4 per cent by mid-morning. Shares in British Airways owner IAG declined 15 per cent, while Trainline shares lost

How apt that much of Ruth Bader Ginsburg’s most distinguished work was written in dissent. A Jewish woman from prewar Brooklyn, her rise to the US Supreme Court was itself a kind of “No” — to the hurdles of race, class and above all gender. In 27 years on the