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The Latest Breaking News from KPMG

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

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 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.

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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.

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.

International Business Times

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.

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

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

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

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

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.

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

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.

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

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.

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

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.

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

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...

Consumer confidence in economy falls to lowest point this year

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

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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.

The Guardian - AU

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’

Evening Standard

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.

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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

Number of job hunters rises at fastest rate since Covid

Increasing redundancies are driving the trend

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.

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.

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.

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