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The Latest Breaking News from KPMG

GDP data confirms the Gen Z nightmare: the era of jobless growth is here

"I've never seen anything like it," KPMG's chief economist Diane Swonk told Fortune.

Fortune

Sheryl Sandberg breaks down why it’s a troubling time for women in the workplace right now

Hundreds of thousands of working women left the U.S. workforce this year, while issues of gender stereotyping, workplace harassment, and lackluster capital are creating a “particularly troubling moment” for female talent.

Fortune

Pre-Budget shopper ‘jitters’ dampen Black Friday sales

Total retail sales across the UK increased by 1.4% year on year in November – the weakest growth in six months, BRC and KPMG figures show.

Evening Standard

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HSBC has a new chair but the succession process should have been slicker

This is the UK’s second-largest listed company, and the European bank most exposed to declining US-China relations

The Guardian - UK

HSBC appoints interim chair Brendan Nelson to permanent role

Questions raised about permanency of 76-year-old’s appointment and ‘leadership stability at critical juncture for bank’

The Guardian - UK

FTSE 100 Live 03 December: CVC deal lifts Smiths, Sainsbury’s falls on Qatar stake sale

Thames Water today reported a backlash from customers after bills were increased in April.

Evening Standard

UK refrains from hitting high street on Black Friday as fears grow over economy

Data comes as KPMG highlights soft consumer spending as one factor likely to hold back growth in 2026

The Guardian - UK

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Travel agency confesses to overcharging British clients

An Australian corporate travel agency says large clients in the UK have been overcharged going back three years, and an investigation is ongoing.

AAP

Moneybags Minjee eyes monster pot at Tour Championship

Four Australians are chasing the biggest prize in women's golf history at the LPGA Tour's $17 million Tour Championship in Florida.

AAP

KPMG’s new CEO joined as an intern 33 years ago. Now he wants to lure Gen Z back with a new office outfitted with moody lounges and a barista bar

KPMG is shrinking its New York footprint by 40% and betting on design—not mandates—to bring employees back to the office.

Fortune

Were you on Facebook 10 years ago? You may be able to claim part of this $50 million payout

Right now, more than 311,000 Australian Facebook users can apply for a slice of a A$50 million compensation fund from tech giant Meta – the largest ever payment for a breach of Australians’ privacy.

The Conversation

Companies that donated to Labour awarded £138m in contracts, study finds

Report raises fresh concerns about the link between political donations and public spending

The Guardian - UK

I've worked in AI for decades. Agentic AI will irreversibly change our workforce whether enterprises like it or not

I've spent over 25 years working in AI & Digital, and we're past the point of asking if the technology will transform work. The question is how fast.

Fortune

Jensen Huang says the future workforce will be a mix of ‘humans and digital humans,’ who could be licensed out or hired—and need onboarding

“I tell my CIO, our company’s IT department, they’re going to be the HR department of agentic AI in the future,” Huang said.

Fortune

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International Business Times

Building a Year-Round Future: Cape Smokey's Vision for Community Integration in Cape Breton

A KPMG economic impact study reveals that Cape Smokey has planned to make a bold investment of at least $500 million, demonstrating its commitment to growth and development by 2032.

Reason

Trump's New Tariffs on Furniture Will Be Costly, and Americans Will Pay

The evidence is clear that we are paying more, U.S. firms have lower margins, and exports are collapsing in flagship industries.

Evening Standard

Retail spending slows as Budget looms large

Non-food sales growth slowed to 0.7% against growth of 1.7% last September and below the 12-month average growth of 0.9%, the BRC and KPMG reported.

The Guardian - UK

Pound on track for worst week since January as UK wage growth falls to four-year low – as it happened

Rolling coverage of the latest economic and financial news

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Fortune

From ‘fear factor’ to ‘cognitive fatigue’: KPMG principal on the quarter when everyone started thinking about AI differently

Rahsaan Shears says we’re seeing the rise of “Renaissance skills,” but that doesn’t mean the workforce will be full of poetry majors.

Euronews

CEOs double down on AI as confidence in global economy slips, report

As the global outlook remains uncertain, business leaders are betting on AI and talent, while also making room in their budgets for cybersecurity and regulatory compliance.

Fortune

KPMG chief on CEOs' uncertainty on tariffs, the emerging AI 'hourglass' org shape and the thing 'that honestly keeps me up at night'

The 2025 edition of the KPMG CEO Outlook survey reveals business leaders full of uncertainty, but they know tariffs and AI are here to stay.

Fortune

The Great Exit: Return-to-office demands and skyrocketing childcare push young mothers out of the workforce, KPMG research finds

Mothers are exiting or cutting hours more than fathers, the Big 4 firm says. The steepest declines are for college‑educated mothers of very young children.

Saving Advice

Stocks Soar, Jobs Drop, Tariffs Feed Inflation: Is It The October Effect?

October 2025 is kicking off with a confusing mix of economic signals. Wall Street is rallying, and some analysts are betting on more interest rate...

The Independent UK

Consumer confidence in economy falls to lowest point this year

The number of people feeling that the economy is worsening has increased to 62%, up from 43% at the start of the year, KPMG found.

TechRadar

How to choose an age verification VPN

With age verification laws rolling out worldwide, lots of people are turning to VPNs to boost their online privacy. Here's how to pick a trustworthy VPN.

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People

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