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The Latest Breaking News from BDO

Broadband grants paused as critics allege favoritism toward Elon Musk’s Starlink

The Texas Broadband office made the announcement after facing scrutiny from lawmakers for changing the rules to seemingly favor companies such as Elon Musk’s Starlink.

The Texas Tribune

Hot weather and World Cup spending boost drives UK business recovery

However, new figures indicated that a longer-term recovery is ‘unlikely to be sustained’ without Government support.

Evening Standard

Why lawmakers are concerned about where billions in broadband funding is going

Texas lawmakers accuse the state broadband office of favoritism and sweetheart deals after satellite internet providers received most of the funding.

The Texas Tribune

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Texas Democratic political candidate says SpaceX grants ‘sure looks like’ corruption

Nathan Johnson says if elected attorney general he’ll investigate rural internet deal with Elon Musk company

The Guardian - US

I grew BDO from $600 million to $3.4 billion. Here's the 3-part formula that made it possible

BDO USA's outgoing CEO on why culture, AI, and employee ownership aren't separate priorities — they're a single system.

Fortune

UK shoppers return to high street as warm weather brings respite from shadow of war

British Retail Consortium figures show footfall rose in May, with consumer confidence improving after spending squeeze

The Guardian - UK

BDO fined £2m by audit watchdog after collapse of construction firm NMCN

The Financial Reporting Council also handed one of the accounting firm’s most senior partners, Geraint Jones, a fine.

Evening Standard

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UK firms halt investments and hiring as Iran war pushes up costs, bosses warn

Survey shows businesses ‘struggling to absorb latest economic shock’, while data says April vacancies down 7.7%

The Guardian - UK

Mark Webster diagnosed with rare form of blood cancer

The left-hander Webster has not worked since February.

The Independent UK

Supermicro's co-founder allegedly smuggled $2.5 billion in Nvidia-chipped servers to China—now the whole company is under the microscope

The company will report financial results on Tuesday after disclosing it has launched an internal probe that could reshape its management and future with the Department of Justice.

Fortune

Supermicro—accused of smuggling $2.5 billion in Nvidia chips to China—has been here before, in Iran

Yih-Shyan “Wally” Liaw was arrested on Thursday and resigned his seat on the Super Micro Computer board on Friday.

Fortune

Britain’s job market ‘floundering’ as companies remain cautious about hiring

Data shows labour market is still in a fragile position due to economic uncertainty, with few signs of recovery

The Guardian - UK

Asos pays tribute to co-founder Quentin Griffiths after death in Thailand fall

Mr Griffiths co-founded Asos in 2000 as a site for fashion aficionados seeking clothes at discount prices

The Independent UK

UK business confidence weakened and hiring fell at end of 2025, surveys find

Rising costs and economic uncertainty take toll, in contrast to Keir Starmer saying Britain will start to feel richer

The Guardian - UK

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The Guardian - UK

Cloudflare admits ‘we have let the Internet down again’ after outage hits major web services – as it happened

Cloudflare reports it is investigating issues with Cloudflare Dashboard and related APIs

The National (Scotland)

Tributes to rugby-loving accountant who fought for Scottish profession’s independence

‘Bannockburn 1314, Murrayfield 13-7’ Rugby-loving accountant's cheeky celebration

The Guardian - UK

UK firms’ hiring intentions remain at record low amid rising employment costs

Economic uncertainty also a factor as bosses ‘stuck in limbo’ and drop in recruitment hits young people hardest

The Guardian - AU

More than half of calls to Queensland domestic violence helpline unanswered for full month last year, report finds

Audit of DVConnect commissioned by LNP government reveals ‘damning’ findings, minister for prevention of domestic and family violence says

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The Independent UK

UK shoppers shunned high streets for online shopping amid heatwave

It is the sixth consecutive month that in-store sales growth has been below the rate of inflation

Evening Standard

High streets suffer disappointing June amid ‘incredibly cautious’ spending

Sales rose by just 0.6% year on year, according to the latest High Street Sales Tracker from accountancy and business advisory firm BDO.

Evening Standard

Unite union had ‘pervasive fraud environment’, auditors say

Auditors said ‘dominant personalities and a weak control environment facilitated opportunities to commit fraud’ at the union.

The Guardian - UK

Staff layoffs in UK gain pace amid Trump tariff turmoil and labour cost increases

Surveys show employer confidence at record low, prompting job cuts and hiring freeze

The National (Scotland)

Inverness shareholders urged to back CVA proposal in bid to exit administration

Inverness shareholders have been urged to back a Company Voluntary Arrangement (CVA) proposal aimed at allowing the club to exit administration and…

The Guardian - UK

UK growth forecast to slow sharply as Trump tariffs push confidence to record low

EY Item Club predicts GDP of only 0.8% this year as Ipsos poll shows three-quarters of Britons expect economy to get worse

The National (Scotland)

Almost half of Scottish firms 'freezing wages amid Labour tax changes', poll finds

ALMOST half of Scotland’s mid-market businesses have frozen salaries or stopped pay rises due to Labour’s changes to tax and wages, a poll has…

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