
Service-sector inflation is returning through contracts, transport, and energy bills. March data suggest companies are absorbing faster cost increases while demand, pricing power, and confidence soften.

Data infrastructure decisions now sit beside debt, power, and politics. TikTok’s Finnish expansion and wider financing moves show sovereignty is now a capital-allocation issue, not just a compliance one.

AP’s restructuring shows how knowledge work is being redesigned everywhere. As customer demand shifts, the harder task is reorganising workflows without losing expertise, trust, or institutional memory.

Conflict has made quarterly earnings harder to read this year. Shell and Exxon have shown how hedges, cargo delays, and working-capital swings can leave reported performance out of step with underlying operations.

March brought fewer US deals, but larger and sharper ones. A small group of food, power, insurance, and pharma transactions defined the month, as boards pursued scale and resilience in a volatile market.

The cyber weak point increasingly sits beyond the core stack. Fresh warnings on messaging app targeting, botnets built from neglected devices, and the resilience of threat actors after takedowns all point to the same problem: organisations still struggle more with behaviour, asset visibility, authentication, and third-party control than with encryption itself.

Deal confidence is rising faster than credit market trust can follow. A stronger M&A outlook now sits alongside strain in private credit, leaving boards to reconcile strategic ambition with harder questions about liquidity, underwriting, lender concentration, covenant quality, and whether the financing supporting a transaction is as durable as the deal thesis itself.

EU cyber rules force faster vulnerability reporting and operational change. Sylvain Cortes, VP Strategy at Hackuity, says organisations will need real-time visibility across software supply chains, stronger data consolidation, and faster remediation processes to meet the Cyber Resilience Act’s 24-hour reporting requirement.

AI is moving from assistance towards delegated action inside chat. Tencent’s latest WeChat move points to a wider shift in enterprise technology, where the real question is no longer whether employees use AI, but how companies govern permissions, approvals, audit trails, and accountability once software begins acting on a worker’s behalf.

Business Quarter Issue 3 is live, helping leaders navigate uncertainty. The new edition examines planning, AI, trust, and growth in a market where certainty is scarcer than it once was.