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The Latest Breaking News from KPMG

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

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 - AU

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 Guardian - UK

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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.

The Independent UK

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.

International Business Times

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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

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

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

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The Independent 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’

Golf Monthly

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

The Guardian - UK

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

Evening Standard

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.

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Fortune

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.

International Business Times

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.

Reason

Shooting at Blackstone, NFL, KPMG Building

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

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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