
AI minister warned UK risks becoming ‘high-value AI customer’
By Marcus Chen
City AM
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Big Four giant PwC s global revenue topped $60bn (£45bn) for the year, with growth across all regions and service lines, despite sluggish results in the Middle East and Europe due to geopolitical fallout. On Monday, the consulting and accounting giant reported a 3.5 per cent increase in global revenue for the year to June 30, reaching $60.2bn, up from $5.9bn in 2025, when revenue rose 2.7 per cent. PwC s Europe, Middle East, and Africa region posted a more sluggish 0.7 per cent revenue growth after the fallout from the Iran conflict. Elsewhere in the Middle East, PwC was also hit with a temporary ban on consultancy work in Saudi Arabia in February 2025 after a fallout the firm had with Saudi s Public Investment Fund (PIF). PwC global chairman Mohamed Kande said: We achieved robust growth, even in the face of geopolitical and economic uncertainty. As a network, we will continue to invest in new ways of delivering value to our clients as we transform today to build the PwC