Deloitte's Global Press Releases page contains links to news and information about the firm's activities around the world. Press releases in this area of the site date back approximately 18 months, with the most recent appearing at the top of the page.
For press releases at the country level, please select the relevant national practice from the Global Site Selector at the top of this page, then proceed to the appropriate press or news-related area of the site.
New York, June 4, 2008 – As higher commodity prices become ‘the new normal’ rather than a temporary peak, we may see a greater impact on consumer behaviour and retailer and supplier strategies than has been apparent so far, according to a new report, “Food and Beverage 2012 – a taste of things to come”, from Deloitte Touche Tohmatsu. While current food commodity prices may come down from their current peaks, the rises already seen in the real cost of food represent a permanent step change. With consumers also being impacted by higher energy costs, economic uncertainty and a reduction in the availability of cheap credit, the effect could be...
San Jose, Calif., May 28, 2008 – Deloitte Global CEO, Jim Quigley, announced today that projected aggregate member firm revenue for Deloitte Touche Tohmatsu in FY2008 would exceed US$27 billion, representing another year of double digit growth for the global professional services organization. Reported revenues in FY2007 were US$23.1 billion.
Marking the end of his first full year as Global CEO, Quigley said, “We are delighted with our performance, which I believe is a reflection of the quality of our people and their everyday commitment to client service excellence. Our continued financial success is driven by our diverse service...
Sixty-seven percent of companies cite "human error" as a root cause of security failures—ahead of technology and operations.
More than a quarterof organizations (29 percent) give employees no training on information security or privacy issues.
A m ajority of companies (70 percent) have appointed a Chief Information Security Officer and 72 percent have information security governance frameworks and strategies in place.
London, May 19, 2008 – Energy and Resources businesses are working hard to improve their security and to be one step ahead of the latest security...
New York, May 14, 2008 — Heightened publicity over product recalls has made product safety, as well as product quality and environmental standards, in emerging markets a hot-button issue. According to a new “Innovation in Emerging Markets” annual study by the Deloitte Touche Tohmatsu (“Deloitte”) global Manufacturing industry group, boards of directors, senior management and investors of global manufacturers across industry sectors are sitting up and taking notice. Roughly two-thirds or more of both developed market and emerging market executives surveyed by Deloitte said that over the last 12 months these issues had become more important...
London, May 4, 2008 – Hotels in the Middle East were the top performers during the first quarter of 2008. Analysis by Deloitte shows that the region now has the highest average room rates in the world at US$181, overtaking Europe for the number one spot. The Middle East also achieved the highest occupancy in the world at 74.3 percent. This impressive hotel performance resulted in revenue per available room (revPAR) of $US134.2, up 19.4 percent on the same period last year.
"Middle Eastern governments are committed to long-term strategies to move away from reliance on oil and associated revenues and are...
London, May 5, 2008 –The UK hotel industry witnessed a fall in revenue per available room (revPAR), down 0.5 percent during the first quarter of 2008, according to latest results from the HotelBenchmark™ Survey by STR Global. Deloitte has analyzed the results and while hotels in the capital saw a healthy increase in revPAR, across the regions revPAR did not look as healthy.
In London growth was driven primarily by a 5 percent increase in average room rates, which remain the highest in the UK at £124. Although occupancy fell to 76.9 percent, the capital reported a revPAR increase of 3.4 percent. Even though...
Leading businesses have trained people to expect high quality, personalized services—standards that citizens are now applying to government. At the same time, governments around the world are confronting significant short- and long-term fiscal pressures—from managing rising health care...
New York, March 17, 2008 – Businesses around the world must look beyond local borders for future leaders. This, according to Deloitte Touche Tohmatsu from the second annual Deloitte international Student Business Forum (SBF), held at the IMD Business School in Lausanne, Switzerland.
Students from across the Europe, Middle East and Africa (EMEA) region gathered for this three-day development event, hosted by Deloitte member firm leaders, the IMD faculty and other business leaders. The program challenges students to work in diverse team situations on a...
New York, March 10, 2008 — Technology, Media & Telecommunications (TMT) industry boundaries are vanishing and formerly distinct sectors are coalescing. As TMT companies increasingly foray into new territory — untested markets, uncertain alliances, unfamiliar products — the risks facing them multiply exponentially. A new Deloitte LLP white paper, Urgent Convergence: Fostering Risk Intelligence in the TMT Industries, offers a framework for identifying and managing these issues, and the authors are available for...
New York, January 22, 2008 — Deloitte and fifteen other international networks of accounting firms reached a new milestone in their commitment to audit quality by becoming the first full members of the Forum of Firms. These international networks, whose member firms perform transnational audits, have implemented a globally coordinated quality assurance program, committed to the use of International Standards on Auditing (ISAs), and met other quality and ethics requirements.
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