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Record Ernst & Young fine in US for cheating on ethics exams
Record Ernst & Young fine in US for cheating on ethics exams
by  AFP

US authorities fined Ernst & Young a record $100 million over cheating on accounting ethics exams that the firm initially covered up from regulators, officials announced Tuesday. On June 19, two days after the SEC fined KPMG $50 million over similar ethical misconduct, the agency sent Ernst & Young a formal request asking if the firm had received any ethics or whistleblowing complaints.

G7 takes aim at China over 'market-distorting' practices
G7 takes aim at China over 'market-distorting' practices
by  AFP

G7 leaders on Tuesday condemned China's "non-transparent and market-distorting" international trade practices in an end-of-summit statement billed as "unprecedented" by the United States. A US official called the collective statement "unprecedented in the context of the G7" in acknowledging "the harms caused by China's non-transparent, market distorting, industrial directives".

Red Bull announce 'milestone' move into hypercar market
Red Bull announce 'milestone' move into hypercar market
by  AFP

Red Bull announced on Tuesday its first foray into the exclusive world of the hypercar with a limited production run of 50 starting in 2025. Production on the two-seater hybrid V8 engine producing over 1100bhp will be at Red Bull's Milton Keynes site.

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