a large passenger jet sitting on top of a runway: Photograph: Darren England/AAP


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Photograph: Darren England/AAP

Australia’s federal budget deficit is tipped to reach an extraordinary $200bn, but the Morrison government should be prepared to go even deeper into the red to support the economic recovery, a new report from Deloitte Access Economics has said.

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As the government made a series of pre-budget announcements – including hundreds of millions of dollars to extend funding for domestic airlines – Deloitte also predicted unemployment would remain high for years.

Joblessness is tipped to rise from 7.9% this financial year to 8% the following year before easing to 6.8% in 2022-23, showing the scale of the challenge facing the Coalition as it crafts policies for next week’s budget.

The government has acknowledged austerity policies could hamper the economic recovery and, in a shift in its fiscal strategy, said it would delay any attempt to achieve surpluses until after unemployment

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Deloitte Consulting’s Amazon Web Services practice has grown to an approximately $750 million business in its four-year partnership with the industry’s top cloud computing provider, and there’s plans to double – and even triple – that in the next few years.

“We are doubling down with AWS,” said Jonathan Bauer, a principal at Deloitte Consulting and, for the last three years, its alliance leader for AWS, directing the firm’s U.S. go-to-market activity. “We have aspirations of doubling and tripling that over the course of the next few years.”

As an AWS Premier Consulting Partner, the scope of Deloitte’s work with AWS centers on areas including SAP on AWS, industry-specific solutions, modernization and security.

“One of our legacy strengths in the firm is our go-to-market around industry, and this is a place where we are truly able to differentiate, and that has proven successful time over time,” said Bauer, who

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  • $100 million startup BRD announced new partnerships with high-profile cryptocurrency companies to work with its developer platform Blockset, a suite of tools to allow large enterprise companies to build blockchain applications.
  • The company zeroed in on established firms in the finance world like Deloitte, Fidelity Investments, and KPMG, which is using Blockset to build crypto infrastructure for big banks.
  • This comes a few months after the US announced that any national bank could offer cryptocurrency services, legitimizing a once rogue area of finance. 
  • Hundreds of companies now use Blockset for their enterprise infrastructure.
  • Visit Business Insider’s homepage for more stories.

$100 million blockchain startup BRD rolled out cryptocurrency tools and partnerships now used by Deloitte, KPMG, and Fidelity as part of its mission to make cryptocurrency more accessible

$100 million blockchain startup BRD rolled out cryptocurrency tools and partnerships now used by Deloitte, KPMG, and Fidelity as part of its

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TOKYO (Reuters) – The Japanese government has signed a contract with a Deloitte-linked consulting group to distribute coronavirus relief payouts following public anger over a previous deal involving advertising giant Dentsu <4324.T>.

Lawmakers and other critics questioned how taxpayers’ money was spent under the previous subcontracting scheme, and whether a small non-profit organisation was a front that would protect Dentsu from public scrutiny.

The contract for the second round of payouts was awarded to Deloitte Tohmatsu Financial Advisory on Friday for about 42.8 billion yen ($404 million), according to a Ministry of Economy, Trade and Industry (METI) document seen by Reuters on Thursday.

The first round was contracted to the non-profit Service Design Engineering Council, co-founded by Dentsu, under a $718 million contract. Service Design took a less than 1% cut of the awarded funds before passing on the rest to Dentsu, which in turn subcontracted the work to over

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