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The Latest Breaking News from KPMG

Sales fall for second month in row amid ongoing conflict in Middle East

Figures from the Scottish Retail Consortium and KPMG show total sales in Scotland fell by 1.2% last month compared with April 2025.

Evening Standard

What Is The Course Record At Aronimink?

Aronimink hosts the 2026 PGA Championship, but who holds the course record on the challenging Donald Ross layout?

Golf Monthly

Where The Next 9 PGA Championships Are Heading

The venues for the next nine editions of the PGA Championship are already confirmed

Golf Monthly

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'A miserable number': Iran war and AI spending drove inflation to a 3-year high

KPMG's Diane Swonk says the Iran war is in your groceries, AI is in your electricity bill, and the Fed has no easy way out.

Fortune

Digital sovereignty: Powering the vision of Viksit Bharat

India's digital advancements like UPI and Aadhaar are building economic and strategic sovereignty. The nation must now focus on digital and computational sovereignty, alongside selective capability building, to achieve its Viksit Bharat vision. Addressing fragmentation and fostering strategic collaborations are key to securing global leadership in the digital era.

The Economic Times

Early Easter adds to woe of retailers suffering from low consumer confidence

Total UK retail sales were down 3% year on year, well below the 12-month average growth of 1.8%, according to the BRC and KPMG.

Evening Standard

Coinbase's Brian Armstrong replacing 'pure managers' with 'player-coaches' is another sign the org chart is changing in a big way

A landmark KPMG index finds boards demanding transformation, execs spending billions on tech, and the people caught in the middle burning out.

Fortune

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Home healthcare is propping up the labor market, but fewer hours, high burnout, and an immigration crackdown threaten to topple it

“The current system right now is unsustainable,” one economist said. As baby boomers age, the problems may only intensify.

Fortune

The org chart isn’t ready: How AI exposed the hidden crisis inside the American corporation

A landmark KPMG index finds boards demanding transformation, execs spending billions on tech, and the people caught in the middle burning out.

Fortune

Sky-High European Cigarette Taxes Drive Thriving Black Market

Smuggled smokes account for more than a third of consumption in France and Ireland.

Reason

The real reason behind increase in retail sales last month as shoppers remain ‘tepid’ amid Iran war

Essential spending returned to growth – up 0.5% – for the first time since July

The Independent UK

'That shouldn’t translate into investing in AI blindly, without a clear strategy': Experts warn UK firms want to keep spending big on AI - even if they can't prove it makes a difference

ROI isn't just about finances – many business leaders are seeing AI as an opportunity for much bigger organizational transformations.

TechRadar

White-collar workers are quietly rebelling against AI as 80% outright refuse adoption mandates

"AI didn't deliver," Johns Hopkins professor Steve Hanke told Fortune. "Welcome to the real world. Forget the AI bubble."

Fortune

The AI revolution must be used to turbo-charge productivity across London

More than half of workers in the capital expect AI to affect their jobs within the next 12 months,

Evening Standard

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The Independent UK

‘Game changing’ support set to help millions navigate their financial lives

Financial firms will be able to provide suggestions designed for groups of consumers with common characteristics.

The Independent UK

Second-hand first choice for one in 10 consumers – survey

Based on personal income, those earning between £30,000 and £35,000 have bought the most using resale platforms this year, KPMG found.

TechRadar

'Spending more on AI is not the same as creating value': New study claims firms are ready to spend big on AI, but are afraid to take the first step

Companies are committed to investing in AI, but they need to address workforces, security and data first, study finds.

Fortune

Gen Z will give up $5,000 in pay to log off at 5—but still expects a corner office

“It’s the want versus the reality of what it takes to actually accomplish it,” KPMG’s Derek Thomas told Fortune about Gen Z’s attitude toward success.

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The Guardian - UK

Irish metals refinery is in supply chain that feeds Russian war machine, records suggest

Shipments to Russian smelters from Aughinish Alumina have increased sharply since the invasion of Ukraine

The Guardian - UK

‘There’s no such thing as a silly question here’ – three young professionals on confidence, growth and finding their place

From overcoming imposter syndrome to building an impressive portfolio of professional skills, KPMG is fostering an inclusive environment where young talent can thrive

The Guardian - UK

Dow Jones Industrial Average posts best day since early February as hopes of Middle East de-escalation lift markets – as it happened

Investors are piling back into shares after US president extends Iran’s deadline to reopen strait of Hormuz, sending oil price down

Evening Standard

Warning Middle East conflict could worsen Scotland’s ‘costs crunch’

Total sales in Scotland last month were flat compared with February 2025 – a year-on-year decrease of 1.1% when adjusted for inflation.

Fortune

Top economist says Iran war could trigger an economic ‘butterfly effect’—and keep inflation elevated for years

"Much like we saw in the wake of the pandemic," KPMG's Diane Swonk said, "those changes could trigger a longer-lasting bout of inflation."

Fortune

The AI productivity paradox: More work, not less

AI is making workers dramatically more efficient. But companies are simply piling on more work. Here's what's actually happening behind the scenes.

Axios

More CEOs envision hiring than firing due to AI, survey finds

The disruptive nature of AI is fostering significant debate over how the economy will evolve.

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