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 – Charles Heeter, Managing Principal, Global Public Policy, Deloitte Touche Tohmatsu, has been re-elected to a two-year term as Chairman of the Business and Industry Advisory Committee (BIAC) executive board by the BIAC general assembly.
BIAC advises the working committees of the 30 member governments of the Organization for Economic Cooperation and Development (OECD), aiming to bring a business perspective to their deliberations. Last year, more than 2,300...
New York – Forty-eight percent of public officials around the world believe that their organizations lack adequate financial management capabilities, according to a new Deloitte study, "Mastering Finance in Government: Transforming the Government Enterprise through Better Financial Management," one of the largest global surveys ever conducted of government finance officials. Despite progress in streamlining transactional efficiency over the past decade, significant financial management constraints continue to face governments around the world.
London, June 16, 2008 – Year-to-April results from the STR Global HotelBenchmark™ Survey show that European hotels got off to a slow start in 2008, with revenue per available room (revPAR) up only 1.1% to €68. Analysis by Deloitte, the business advisory firm, shows that even though hotel performance in general is static there are still several success stories across the continent.
Hotels in Russia continue to perform well, with Moscow achieving some of the highest revPAR results in Europe at US$255, despite limited occupancy growth. In U.S. currency this amounted to revPAR growth of 28.1%. St. Petersburg saw strong growth...
New York – Deloitte Touche Tohmatsu commends the European Commission (EC) for its intensive consideration of the complex issue of limiting civil liability for statutory auditors and audit firms. According to the Commission’s statement, the recommendation aims to encourage new entrants into the audit market and to protect European capital markets by ensuring that audit firms remain viable in an environment where there is an increasing trend towards litigation and a lack of sufficient insurance cover in the sector.
This recommendation also proposes principles to be followed by member states when adopting the recommendation, including...
New York, June 6, 2008 – Many Deloitte Touche Tohmatsu member firms kicked off their annual day of community service today. IMPACT Day, when member firms around the world designate a day of service in their communities where they live and work, is an annual celebration of volunteerism and commitment to community involvement.
“IMPACT Day is an opportunity for tens of thousands of our Deloitte people to step away from conference calls and emails for one day, and contribute their time and professional skills to a variety of causes that help develop local communities,” explains Deloitte Global CEO Jim...
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...
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