There are few global industries hotter than co-working, or the practice of renting shared office space to freelancers, startups and other companies. The rise of co-working recently prompted Beijing authorities to add new business-registration requirements, which may be a sign of global regulatory changes to come.
This month, UK authorities announced that they've launched an investigation into KPMG’s conduct related to an audit of Roll Royce’s financial statements. The investigation appears to be part of a trend of holding auditing firms accountable for policing their clients’ financial behavior.
Barclays announced that UK authorities have launched investigations into CEO Jef Staley’s conduct related to two whistleblower claims. The affair sheds light on the ambiguity of whistleblower laws and on the benefits and disadvantages of protecting whistleblowers’ anonymity.
Facebook looks to reenter China despite unsuccessful expansions there by Google, Uber and others. The New York Times reports that Facebook has even developed confidential software that could help the company comply with China’s strict censorship requirements. This post explains why Facebook’s potential expansion into China is extremely risky despite the huge market.
Och-Ziff, one of the world's largest hedge funds, is being investigated for FCPA violations related to activities in Africa. The investigation is evidence that US authorities are increasingly intent on holding individuals accountable for corporate fraud. It's also a strong reminder to US companies of the risks involved when engaging intermediaries to facilitate business transactions abroad.
This week's Global Glance looks at smoking in France and the global legislative trend that strips tobacco companies of branding privileges while forcing them to include disturbing images on their packaging.
This week's Global Glance looks at new allegations that VW employees “at the highest levels” were involved in the defeat-device deception; and what you should know about the unrest in Kashmir.
This week we look at: Venezuela’s economic crisis; Lyft’s evolving global expansion strategy; and Larry, the UK’s Chief Mouser.
In this week's Global Glance we look at Uber’s and Airbnb’s differing global strategies, a pro golfer’s UK visa woes and luxury vacations.