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The Latest Breaking News from PwC

PwC’s U.K. chief admits he’s cutting back entry-level jobs and taking a 'watch and wait' approach to see how AI changes work

The Big Four accounting firm is slashing 200 of Gen Z’s entry-level roles thanks to the AI revolution and struggling global markets.

Fortune

Gen Z Banking On Deals And Dupes For 2025 Holiday Season As The Young Plan Steep Spending Cuts

Holiday shoppers plan to trim both trees and budgets this season, with average outlays slipping as younger consumers pull back, according to a new PwC survey.

Benzinga

Holiday shopping expected to fall 5% - with Gen Z pulling back even more - as economic fears cause concern

Gen Z is expected to spend 23 percent less on holiday shopping this year

The Independent UK

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Is ChatGPT Down Today? GPT Growth Sparks Questions About Reliability and Server Strain

Millions ask 'Is ChatGPT down today?' after GPT-5's global rollout sparks outages, server strain and reliability concerns for users worldwide.

International Business Times UK

BofA's president of Global Commercial Banking on best practices for securing the legacy of a multigen family business

In the U.S., some 32 million family-owned businesses contribute $7.7 trillion to GDP every year.

Fortune

Yamaha Has the Coolest Fishing PWC Right Now, You Need to See It

Yamaha is celebrating 40 years in the PWC space with a WaveRunner CrossWave fishing-focused PWC, and it looks absolutely awesome, and has the specs to back it up.

RideApart

CBP Is Deporting Cruise Ship Crew Over Child Pornography Allegations Without Evidence

Advocacy groups say more than 100 cruise ship crew members have been deported in recent months, and they're not being shown the evidence against them or given any due process.

Reason

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PWC Rider Plows Through a Pod of Dolphins in Australia, Could Face $100M Fine or Prison

Two PWC riders are under investigation, as one rode through a pod of dolphins while the other hovered nearby. But investigators have yet to catch the culprits.

RideApart

PwC tracks UK office attendance with ‘traffic light’ dashboard

Accountancy firm’s staff concerned by system that monitors wifi logons and swipes of work passes

The Guardian - UK

BBC Breakfast's Charlie Stayt 'under review amid string of staff complaints' at scandal-hit show

An external HR adviser from PwC has reportedly been working with the BBC to examine workplace culture on the long-running programme

Evening Standard

Labor opens door to PwC after tax scandal

Restrictions on consulting firm PwC's ability to bid for government work have been lifted after a shocking tax scandal and allegations it misused information.

AAP

Labor decision to lift ban on PwC ‘an insult’ to inquiry that investigated Treasury scandal, Pocock says

Finance department rejects last minute plea from three senators urging it to maintain block on consultancy firm competing for new government work

The Guardian - AU

IPOs are hot again. How investors can avoid a 2021 style hangover

The public offerings of one-time darlings like Rivian and Roblox offer a cautionary tale.

Fortune

Albanese government to lift ban on working with PwC Australia as police investigation continues

Exclusive: Finance minister to consider feedback from senators before making decision final

The Guardian - AU

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RideApart

A Trio of PWCs Rescued a Family After Their Sailboat Capsized, Including a Mom and Kids

A trio of personal watercraft (PWC) riders rescued a mother and two children after their sailboat capsized on the waters of Lake Erie.

Kiplinger

The 10 'Real' Richest Counties in the US

In America's wealthiest counties, high incomes are common, yet the cost-of-living burdens are often lower than those typically found in major metro areas.

Fortune

Tech layoffs 2025: How Microsoft, Google, and Meta are plotting for the AI era

As tech giants like Microsoft, IBM, and Google shed thousands of workers, experts weigh in on the motivations behind these layoffs.

RideApart

That's Some Serious Shade, Yamaha Patents a Sun Shade For Your PWC

One of the big issues with PWCs is the lack of shade when you're just trying to relax on the water. Well, Yamaha believes it has a solution to that issue with its latest patent.

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Benzinga

Deal Dispatch: Trump Settlement Clears Way For Paramount Merger, Euronext Eyes Greece, KKR Strikes Twice

MA volumes globally continue to decline, according to PwC’s Brian Levy.

International Business Times

Hong Kong To Regain IPO Crown This Year, Say PwC And Deloitte

Hong Kong is expected to lead the world in IPO financing this year despite uncertainty from geopolitical tensions and trade tariffs, accountancy giant PwC said on Wednesday.

Benzinga

'This Is Just A Necessary Spend': Back-To-School Spending Holds Steady Despite Economic Uncertainties

Summer may be just getting underway, but plenty of parents are already planning their spending for the upcoming school year.

Fortune

Private equity promised M&A boom—but world is still waiting

Tariff uncertainty has stifled any dramatic surge in dealmaking, despite signs of life in May.

Evening Standard

BBC Breakfast boss takes extended leave after allegations about behaviour

The news programme’s editor Richard Frediani accepted a Bafta just last month.

The Guardian - UK

British Steel’s Chinese owners weigh attempt to recover millions in debts

Jingye Group thought to have engaged PwC as advisers after government took over UK company’s operations

International Business Times UK

How Getting Fired Led This Gen Z Consultant to Build a Six-Figure Agency

After being laid off on a video call, a 25-year-old PwC consultant turned the moment into a viral TikTok video, then a thriving agency. Here's how he did it.

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