Ey was warned in 2016 by one of its own employees that senior managers at wirecard may have committed fraud and that one had attempted to bribe an auditor.

The revelation that an ey employee identified suspicious activity at wirecard four years before the payments group imploded in germanys largest postwar corporate fraud will increase the pressure on the accounting firm, which audited wirecard for more than a decade and provided unqualified audits until 2018.

Ey is already under investigation by germanys auditor oversight body apas and is the target of lawsuits from wirecard investors who lost billions of euros when the company collapsed in june.

Last month, eys global chairman carmine di sibio wrote to clients to express regret that the fraud was not uncovered sooner but he claimed that ey was ultimately successful in uncovering the fraud.

Meanwhile, the scandal is spreading to german politics. angela merkel and other leading politicians continued to lobby for the payments group even as the warning signs grew. (ft)

China squeezes private sectorthe chinese communist party has sentan ominous messageto entrepreneurs in recent weeks as xi jinping strengthens the partys grip on business in the wake of covid-19 and us tensions. (ft)

Lvmh lawsuit calls tiffanys prospects dismaltiffanyscatastrophic performanceduring the pandemic has left it with dismal prospects, according to a new lawsuit filed by french conglomerate lvmh on monday. lvmh had wanted to buy the luxury us jeweller for $16.6bn but now it is seeking a judges blessing to walk away from the deal. (ft)

Amnesty suspends operations in indiaamnesty internationalis suspending its operationsin india after narendra modis government froze its bank accounts. the move follows the publication of two highly critical reports of the governmentshuman rights record. (ft)

South koreas ipo market set for best year since 2017 a total of 67 south korean companies have raised about won2.8tn ($2.4bn) this year, up 22 per cent from the same period last year, according to data from the korea exchange. that is the highest since companies raised won8tn three years ago. (ft)

Jpmorgan to pay largest-ever spoofing settlement jpmorgan chase has admitted manipulating precious metals futures and us government bond markets over eight years in a $920m settlement with us authorities over the practice known as spoofing. (ft)

Emmanuel macron meets belarus opposition leader the french president, whose attempts to court russias vladimir putin have yielded scant returns, has intervened in the political crisis shaking moscows ally belarus by meeting opposition leader svetlana tikhanovskaya, as russias embrace of president alexander lukashenko is putting the west on alert. (ft, wsj)

Shake-up at goldman sachs the us bank has announced a broad staffing shake-up outside its trading and investment banking core, including naming stephanie cohen as the first woman to lead a big business at the wall street powerhouse.the announcement follows mondaysnewsthat omer ismail would head the consumer unit that includes marcus. (ft)

Vatican-gate: london luxury property deals revealedthe cardinal who oversaw the team at the heart of a vatican investigation into a suspicious london property deal conducted additionalinvestments of up to 100min other luxury apartments around cadogan square, knightsbridge, financial accounts seen by the ft show. (ft)

Joshua wong in court the pro-democracy hong kong activist is expected to appear in court on wednesday to face charges of illegal assembly and violation of an emergency law banning face coverings. (ft)

Us presidential debate on tuesday at 9pm et/wednesday 9am hkt, us president donald trump will face joe biden, the democratic nominee, in the first of three presidential debates. here are five things to watch for. marking a contrast with mr trump, mr biden and his running mate kamala harris released their tax returns ahead of the debate on tuesday. (ft, nyt)

Watch the first 2020 presidential debate live withswamp notes:join ed luce, rana foroohar and peter spiegel for real-time commentary, shrewd analysis and quick-witted banter on the homepage.

Boohoo results theuk-based online fashion retailer is scheduled to issue its half-year earnings on wednesday. an independent inquiry into the companys supply chain, led by lawyer alison levitt, has found widespread instances of dangerous working conditions and underpayment of staff. (ft)

Joshua wong: hk business must push for freedom since china released details of its plans for an unreliable entity list, giving beijing discretion to deem companies problematic, liberal democracies should consider banding together to offer protection to companies that find themselves in fights with beijing, writes the democracy activist. (ft)

Japans digital leapwithin 24 hours, yoshihide suga has created a new post ofminister for digital transformationand charged its new holder takuya hirai, most recently in the news forbrowsing crocodile videoson his tablet during a parliamentary hearing with a herculean task many see as long overdue in the paperbound society. (ft)

Battle for ohiodonald trump faces accusations ofabandoning working-class voters in ohio, a bellwether state that no republican has lost without also losing the white house and where joe biden has a 3.3 point lead. meanwhile, decentralisation in the federal system plays a key part in voter suppression. (ft)

Where do mr trump and mr biden stand in the latest polls? follow ourpoll tracker.

Bangladeshs green covid-19 recoverycoronavirus has shown that no country or business can survive alone. only together can we tackle global crises and create a cleaner, greener and safer world,writes sheikh hasina, prime minister of bangladesh. (ft)

Turkeys role complicates nagorno-karabakh flare-up russias traditional lead in the armenia-azerbaijan conflict is being challenged by ankara. turkeys full-blooded support for azerbaijan in the conflict has emboldened baku, analysts say, and chipped away at moscows influence over the azeri leadership. azerbaijan and armenia have brushed off the suggestion of peace talks. (ft, ap)

Rishi sunaks tough lovewhile boris johnson is looking to get through winter, the chancellors latest support plan urges businesses to make hard decisionsnow. the return to economic orthodoxy has made mr sunak a darling of lockdown sceptics,robert shrimsley writes. (ft)

A mission to cure the oceans marine scientist enric sala has helped create more than 2m square miles of marine reserves, equal to half the size of canada. a key part of mr salas work, he says: never start an argument about nature with data. (bloomberg)

The enduring attraction of citiesliving in cities has become a high-risk activity since the outbreak of covid-19. five new books chart the rise of the metropolis. cities are innovative and sturdy they can be bombed, infected and pummelled into retreat over centuries,writes john gapper, yet they shift shape and survive. (ft)

Can singapore become asias silicon valley?mercedes ruehl traces howfar the city-state has comein attracting money and talent to its start-up sector.read more in our special report:singapore: charting the future.(ft)