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The Latest Breaking News from KPMG

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.

Reason

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.

Evening Standard

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

The Guardian - UK

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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.

Fortune

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.

Euronews

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.

Fortune

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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...

Saving Advice

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.

The Independent UK

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.

TechRadar

Crisafulli insists on more shark nets to protect human lives despite trapped mother and baby whale

Queensland premier says he won’t protect whales ‘at the expense of one single human’

The Guardian - AU

What's Going On With CrowdStrike Shares Today?

Shares of CrowdStrike Holdings Inc (NASDAQ:CRWD) are trading lower on Monday, pulling back after staging a strong rally the week prior.

Benzinga

UK taxes to rise steadily to combat mounting public spending pressures – KPMG

Economists for KPMG said it had been an unexpectedly strong start to 2025 but the second half was looking more uncertain.

Evening Standard

Retailers enjoyed modest sales boost in August after ‘underwhelming’ quarter

Analysis by the Scottish Retail Consortium and KPMG found August sales were up 1.1% from the same month of last year.

Evening Standard

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The Guardian - AU

Slashing migration would actually lead to higher house prices in Australia. Here’s why

Economic modelling reveals the effects of eliminating migration for a decade on growth, the workforce and the budget

The Guardian - UK

UK retail sales rise but stores fear tax worries could hit festive period

Warm weather and interest rate cut lift sales in August, as food, drink and computers perform strongly

The Independent UK

Job hunters rise to highest level for nearly five years – report

The monthly KPMG and REC report on jobs showed a slight improvement in permanent recruitment activity, but it remained in decline.

The Independent UK

Number of job hunters rises at fastest rate since Covid

Increasing redundancies are driving the trend

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International Business Times

Kyrgyzstan's Bakai Bank Courts US Treasury's Scott Bessent and Wall Street Heavyweights for Investment Ties

Kyrgyzstan's Bakai Bank CEO Umut Abakirova met with U.S. Treasury Secretary Scott Bessent and executives from major U.S. financial firms, including BlackRock, Bank of America, and KPMG, to position the Central Asian nation as a hub for American investment in emerging markets.

International Business Times

Cooling US Jobs Market In Focus As Political Scrutiny Heats Up

US employment data on Friday is expected to confirm a cooled labor market, as companies pull back on hiring amid continued uncertainty over President Donald Trump's tariffs.

TechRadar

Think your ChatGPT queries are long? KPMG apparently penned a 100-page prompt to build an agentic TaxBot

KPMG transformed scattered partner tax advice into TaxBot using a 100-page prompt.

Fortune

Gen Z wants to have their AI cake and eat it, too: KPMG intern survey reveals a generation that wants to have things both ways

They want to be in the office, and they dream of the death of the nine-to-five. They also want real mentorship—on their terms. But maybe they just want to be shown exactly what’s being asked of them.

Fortune

Blockchain.com adds former CEO of KPMG to board as longtime crypto firm eyes IPO

Founded circa 2014, Blockchain.com has been expanding its global footprint and treasury services business.

Evening Standard

Economic uncertainty blamed for ‘lacklustre’ retail performance last month

Analysts described the retail environment as ‘challenging’ amid inflation and increased employment costs.

The Independent UK

Voices: Recruitment is in a doom loop – there’s only one thing for it, chancellor…

COMMENT : As a KPMG study lays bare years of falling job openings, and with the unemployment figure refusing to shrink, Britain’s bosses are stuck in hiring limbo that only Rachel Reeves can get them out of, says James Moore

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