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The Latest Breaking News from KPMG

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.

TechRadar

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.

Fortune

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Economic uncertainty blamed for ‘lacklustre’ retail performance last month

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

Evening Standard

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

The Independent 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 - UK

Blow for Reeves as company hiring plans ‘at record low’ in wake of national insurance hike

Labour chancellor has warned the public that the change they voted for in last summer’s election was ‘never going to happen overnight’

The Independent UK

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Jobs market cools further over economic concerns and rising costs

Figures showed growth in starting salaries also slowed to its lowest level for more than four years as firms tightened their recruitment budgets.

The Independent UK

Major Season Is Over. Here’s My Plea To Those Who Set The 2026 Tournament Schedules

Our women's editor reflects on the women's Major season and pleads for a schedule that helps, not hinders its growth

Golf Monthly

High street banks lose £100bn in deposits as UK savers shift to online rivals

KPMG says higher savings rates are fuelling move to challenger banks, specialist lenders and building societies

The Guardian - UK

High street banks lost £100bn in customer savings to rivals since 2019 – report

A report from KPMG has warned that traditional banks will need to overhaul and embrace AI as they face a squeeze on profits over the years ahead.

Evening Standard

The friendship premium: A majority of people would trade 20% in salary to work with close friends, KPMG survey finds

The loneliness epidemic plagues the workplace.

Fortune

US Fed Set To Hold Firm Against Trump Pressure

The US central bank is expected to defy political pressure and keep interest rates unchanged Wednesday at the end of a two-day policy meeting, as the effects of President Donald Trump's tariffs emerge.

International Business Times

Shooting at Blackstone, NFL, KPMG Building

Plus: Wildfires alter air quality across the Northeast, fertility crisis narratives, and more...

Reason

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AAP

Nation urged to increase spending on AI storage

Australia lacks the data storage capacity to take advantage of artificial intelligence and the nation's productivity could suffer as a result, experts warn.

Fortune

Mass shooting in central business district shakes Manhattan, leaves at least 4 dead

345 Park Avenue hosts Blackstone, the world’s largest alternative asset manager, the NFL, KPMG, and Bristol Myers Squibb, among others.

The Conversation

As post-election talks drag on, what will Hobart’s proposed stadium actually cost Tasmanians?

In the wake of last week’s Tasmanian election that delivered another hung parliament, the new government will need to shore up crossbench support. One of the issues to be negotiated will be support for the new stadium due to be constructed next to Hobart’s historic docks. It won’t be an…

The Guardian - AU

Birthrate falls in Australia’s biggest cities amid cost-of-living crisis, preliminary data shows

Outer-suburban and regional Australians increasingly likely to have more children per person than inner-city residents, report shows

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Fortune

We're about to find out who's really paying for tariffs

Economists at Goldman Sachs expect companies will pass on 70% of tariff costs to consumers via higher prices.

The Guardian - UK

Pound drops after Bank of England says it could further cut interest rates if jobs market slows

‘Slack’ opening up in UK economy as higher taxes squeeze employers, says Andrew Bailey

The Guardian - UK

Number of UK job hunters rises at fastest rate since Covid pandemic

Recruitment body blames ‘scar tissue’ left by April tax increases as starting salaries rise only modestly in June

The Guardian - UK

Could AI be accelerating slowdown in the UK job market?

Country’s economic woes remain main determinant to work opportunities but technological change is also creeping in

The Guardian - UK

Thames Water spent £136m on securing emergency funding, leaked document suggests

‘Atypical expenditure’ document suggests utility’s costs over 12 months outstripped the £130m it paid in fines

Fortune

Summer Fridays are dead because remote work killed them

Companies are using relaxed schedules and decreased productivity as excuses to reel back the warm weather benefit.

Fortune

87% of business leaders think AI agents will force companies to redefine performance and upskill their human workers

“As employers, we have a responsibility to help prepare current and future workers for the transition to a new era of work.”

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