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AirAsia shares in biggest daily fall as auditor flags 'going concern' doubts

WorldNews Wednesday, 8 July 2020
AirAsia shares in biggest daily fall as auditor flags 'going concern' doubtsShares in Malaysia’s AirAsia Group Bhd tumbled more than 17% on Wednesday in their biggest daily fall after the auditor cast doubt on the budget carrier’s ability to continue as a going concern due to the coronavirus travel slump. Auditors EY issued an audit opinion stating the airline’s 2019 earnings were prepared on a going concern basis, which is dependent upon a recovery from the COVID-19 pandemic and the success of fundraising efforts. AirAsia said in...
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Malaysia 1MDB investigation: Goldman Sachs to pay $3bn fine [Video]

Malaysia 1MDB investigation: Goldman Sachs to pay $3bn fine

Former Prime Minister Najib Razak says he is innocent and is appealing against his conviction.

Credit: Al Jazeera STUDIO    Duration: 02:13Published

Goldman to pay $3 billion fine following Malaysia bribe probe

Claw-back drama for old bonuses to top bank execs includes former CEO Lloyd Blankfein and reportedly Gary Cohn.
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Goldman Sachs to pay $3 billion over 1MDB scandal [Video]

Goldman Sachs to pay $3 billion over 1MDB scandal

Goldman Sachs on Thursday agreed to pay nearly $3 billion to settle a probe into its role in Malaysia’s 1MDB corruption scandal.

Credit: Reuters Studio    Duration: 02:07Published

Goldman Sachs reaches $2.9bn deal to settle US-led 1MDB inquiry

Bank’s Malaysia division agrees to plead guilty to violating foreign bribery laws Goldman Sachs has agreed to pay $2.9bn (£2.2bn) to settle a US-led..
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Goldman Sachs to pay $3bn over 1MDB Malaysia scandal

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Ernst & Young Ernst & Young Multinational professional services network headquartered in London, England

'Universe helps those...': Delhi Dy CM Manish Sisodia on partnering with HT Codeathon [Video]

'Universe helps those...': Delhi Dy CM Manish Sisodia on partnering with HT Codeathon

Delhi Deputy Chief Minister Manish Sisodia commented on the state government's partnership with Hindustan Times for the HT Codeathon which aims to help students hone and showcase their coding skills. Sisodia was speaking at an event on the government's programme to focus on teaching coding to girl students. Commenting on his administration's partnership with She Codes and EY, apart from Hindustan Times, Sisodia said that things were falling into place on their own because the 'universe helps those who work with good intentions'. Watch the full video for more.

Credit: HT Digital Content    Duration: 04:15Published
Over 7,500 finance jobs have left UK for Europe [Video]

Over 7,500 finance jobs have left UK for Europe

More than 7,500 finance jobs and a trillion pounds in assets have already left Britain for the European Union as banks prepare for full-blown Brexit in January, consultants EY said on Thursday. Ciara Lee reports

Credit: Reuters Studio    Duration: 00:56Published

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