DAVOS, Switzerland, Jan. 22 (Korea Bizwire) — A record-breaking share of CEOs are optimistic about the economic environment worldwide, at least in the short term. That’s one of the key findings of PwC’s 21st survey of almost 1,300 CEOs around the world, launched today at the World Economic Forum Annual Meeting in Davos. Fifty seven percent [...]
DA NANG, Vietnam, Nov. 7 (Korea Bizwire) — Confidence in revenue growth is at its highest level for three years amongst business leaders in 21 Asia-Pacific Economic Co-operation’s (APEC) economies. 37% of APEC CEOs are very confident of revenue growth during the next 12 months, up from 28% in 2016 despite trade policy uncertainty and [...]
NEW YORK, Oct. 24 (Korea Bizwire) — Annual worldwide corporate R&D spending broke through $700bn in annual investment, according to an annual analysis of R&D spending across 1000 global public companies by PwC’s Strategy&. It shows corporate R&D spending increased a steady 3% in the past year, bouncing back from less than 1% increase previously. [...]
LONDON, Oct. 4 (Korea Bizwire) — For the year ending 30 June 2017, PwC’s firms around the world reported total gross revenues of US$37.7 billion. At constant exchange rates (or local currency), revenues grew by almost 7%, marking 20 years of consecutive revenue growth for the PwC network. “As the world changes and our clients’ [...]
HONG KONG, Jun. 27 GLOBE NEWSWIRE) — Global GDP will be 14% higher in 2030 as a result of AI – the equivalent of an additional $15.7 trillion. This makes it the biggest commercial opportunity in today’s fast changing economy according to new research by PwC. Drawing on a detailed analysis of the business impact [...]
LONDON, May 30 (Korea Bizwire) — The global insurance industry’s ability to confront structural and technological changes is now the greatest risk it faces, according to a new survey of insurers and close observers of the sector. The CSFI’s latest Insurance Banana Skins 2017 survey, conducted with support from PwC, surveyed 836 insurance practitioners and [...]
LONDON, May 14 (Korea Bizwire) — The share of CEOs forced out of office for ethical lapses has been on the rise, according to the 2016 CEO Success study released today by Strategy&, PwC’s strategy consulting business. The study, which analyzed CEO successions at the world’s largest 2,500 public companies over the past 10 years, [...]
SEOUL, May 2 (Korea Bizwire) — Nearly 90 percent of financial firms worldwide said their businesses are at risk from rapidly expanding fintech rivals and they fear losing revenue to the financial innovators, according to a new study released on Monday, in the latest sign of the growing influence of financial technology, known as fintech. [...]
SEOUL, Feb. 8 (Korea Bizwire) – South Korea’s economic outlook looks rather disappointing, at least from a PwC projection in its latest report, The Long View (How will the global economic order change by 2050?). According to the consulting company, South Korea’s GDP ranking will drop from 13th in 2016 to 14th in 2030, and [...]
DAVOS, Switzerland, Jan. 16 (Korea Bizwire) — While CEOs around the world feel they have plenty to worry about in the year ahead, their confidence in their own growth prospects and their outlook for the global economy are back on the rise. Graphics accompanying this announcement are available at http://www.globenewswire.com/NewsRoom/AttachmentNg/77eaac3e-f05b-4fc2-b82a-ee926f9078e1 http://www.globenewswire.com/NewsRoom/AttachmentNg/f27a6ebc-f247-494a-bb07-e4507f11b772 In PwC’s 20th annual survey [...]