Keep up with what’s been happening this week in our accountancy news round-up…

No-deal bill a ‘chink of light’ for business

Progress in passing a bill to stop a no-deal Brexit in parliament has been a “chink of light” for UK business, according to the head of Confederation of British Industry (CBI).

US and China agree to reopen trade talks in October

The US and China have agreed to reopen trade talks next month as concerns grow that the tariff war between the world’s two largest economies could tip the global economy into recession.

Female partners who quit KPMG over bullying launch firm

Maggie Brereton and Ina Kjaer, both former senior partners at KPMG , quit the firm over the way it dealt with complaints of bullying by deal advisory boss Sanjay Thakkar.

EY global chief admits ‘zero contingency’ for audit break up

Carmine Di Sibio, who took over as global chief executive of EY’s international network in July this year, has said the group had done ‘zero’ contingency planning over how a forced break-up of its UK business could affect its work in the US.

Wealth managers Tilney and Smith & Williamson in tie-up talks

Wealth manager Tilney is in merger talks with fellow-wealth manager Smith & Williamson.