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Recent Editions
North America
Human Times
Delta, United, and American Airlines are urging Congress to end the government shutdown immediately and pay air traffic controllers, who missed their first full paychecks last week. Controllers, already facing staffing shortages, are working mandatory overtime to maintain safety. Airlines warn prolonged shutdowns could cause holiday travel delays and cancellations, stressing both workers and the economy. The shutdown, ongoing since October 1, risks costing up to $14bn if it lasts eight weeks, while essential federal employees continue working without pay, increasing operational and safety pressures in the National Airspace System.
Full Issue
UK
Human Times
Sir Charlie Mayfield, the former head of John Lewis, is set to release a report this week calling for urgent action to tackle a surge in the number of people who are not working due to sickness or disability. His report, Keep Britain Working, highlights an increase in economic inactivity due to sickness, particularly among young people citing mental health issues. Since the pandemic, 800,000 individuals have left the workforce due to health problems, with 2m more people saying they have health conditions that limit their ability to work - an increase of more than 30%. Sir Charlie, who will emphasise the negative impact of inactivity on both individuals and the economy, is set to outline a number of recommendations designed to address the issue.
Full Issue
USA
Education Slice
The Trump administration has officially ended the National Blue Ribbon Schools program, which recognized schools for academic excellence and performance improvement since its inception in 1982. The decision, described as being made “in the spirit of returning education to the states,” has prompted at least 18 states to establish their own recognition programs. Carrie Rowe, acting secretary of education in Pennsylvania, emphasized the importance of celebrating schools that exceed expectations: “We want to make sure that we are continuing to celebrate schools that don't just meet expectations but exceed them for every learner.” The federal program's termination has raised concerns among educators about the loss of national recognition, which many believe is vital for public education. As states adapt to this change, they are tasked with creating meaningful recognition systems that align with local educational priorities.
Full Issue
USA
Accountancy Slice
The Supreme Court will tomorrow hear arguments regarding President Donald Trump's authority to impose a worldwide tariff regime, a case that could challenge Congress' power over taxation. The Trump administration claims that the International Emergency Economic Powers Act (IEEPA) grants the president broad powers to regulate trade during emergencies. Georgetown Law professor Josh Chafetz observed: “It's going to be a huge blow to Congress if Mr. Trump essentially can try to raise as much money as he wants by levying tariffs.” A ruling in favor of Mr. Trump could undermine congressional authority and complicate future legislative actions. Conversely, a decision against him may pressure Congress to legislate on tariffs, as noted by Molly Reynolds from the Brookings Institution. The outcome could significantly impact the balance of power between the presidency and Congress.
Full Issue
Scotland
Legal Matters Scotland
Nearly 30% of solicitors' firms in England and Wales have violated anti-money laundering regulations, according to the Solicitors Regulation Authority (SRA). The SRA's annual report revealed that 270 out of 833 inspected firms were non-compliant, while 451 were only partially compliant. This means 86% of inspected firms failed to meet regulations. The Money Laundering Regulations 2017 require firms to conduct due diligence to prevent money laundering. The figures come two weeks after ministers moved to transfer of monitoring responsibilities from the SRA to the Financial Conduct Authority. Paul Philip, SRA chief executive, expressed disappointment over the change, stating the SRA had made "significant progress" in compliance.
Full Issue
North America
Legal Slice
Disputes between governments and investors over natural resources have surged to a 10-year high, driven by factors including resource nationalism and competition for critical minerals, according to law firm DLA Piper. In 2025 alone, 32 disputes have been filed with the World Bank's arbitration body, surpassing the total for the previous year, with Latin America experiencing the most cases. Gabriela Alvarez-Avila of DLA Piper noted that as the value of these minerals becomes clearer, "states have felt the need to exert greater control" over their deposits.
Full Issue
Europe
Risk Channel
Cement group Lafarge is on trial in France for allegedly paying jihadist groups, including the Islamic State, to operate its plant in Syria during the civil war there. The company, which pleaded guilty in the US to similar charges, is accused of funding terrorism and violating international sanctions. The trial involves former executives and staff, with Lafarge potentially facing fines of up to $1.2m. The inquiry began in 2017 after media reports and complaints regarding its Syria operations. The trial is expected to last until mid-December.
Full Issue
North America
CFO Slice
Corporate bankruptcies are surging, with 117 large firms filing in the past year — a 44% rise over the long-term average — including 32 “mega bankruptcies” with over $1bn in assets. This wave of distress spans multiple sectors and is driven by refinancing pressures, inflation, and weakening demand. CFOs are advised to spot early warning signs including late payments, erratic ordering, credit downgrades, and executive turnover. Proactive steps include assessing exposure, tightening credit terms, strengthening internal monitoring, and reviewing contractual rights. Early action and legal advice are key to minimizing losses if a customer files for bankruptcy.
Full Issue