Financial Times - EY banned from German audit work for two years after Wirecard scandal

Summary of the front page

The Financial Times reports that EY has been banned from taking on any newly listed audit clients in Germany for two years over failures in its work for collapsed payments company Wirecard. Germany’s audit watchdog, Apas, also announced a €500,000 (£439,000) fine for EY, the paper reports.

The front page pictures electric scooters and reports Paris is to ban e-scooters after a poll revealed most want the mode of transport outlawed. 

Today's top stories

AFP 20260518 B36T9Z6 v1 HighRes NetherlandsHealthHantavirus 1779096768

Hantavirus-Hit Cruise Ship MV Hondius Docks in Rotterdam for Quarantine

The MV Hondius has docked in Rotterdam, Netherlands, following a hantavirus outbreak. While carrying 25 crew members and two medical personnel, the vessel, which saw three passenger deaths, will undergo decontamination. Health authorities have confirmed nine infections among remaining crew. All onboard are asymptomatic.

SEI 297858368 7a64

US intensifies blockade on Cuba amid accusations of drone threats

The US has intensified its blockade on Cuba, exacerbating tensions as Donald Trump alleges drone threats from Havana. The ongoing energy crisis threatens food and medical supplies. Reports suggest the US aims to change Cuba’s leadership by 2026; negotiations continue with insiders.

696x392 cmsv2 55ccaa10 4a30 55ea 9855 4f40080c2ad6 9762275

Hungary prepares to engage with Ukraine on minority rights issues

Hungary has signalled readiness to engage with Ukraine under new Prime Minister Péter Magyar, aiming to resolve issues concerning the Hungarian minority in Transcarpathia. Discussions may pave the way for lifting Budapest’s veto on Ukraine’s EU accession, contingent on guarantees for minority rights.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement