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Recent Editions
North America
Human Times
The Consumer Financial Protection Bureau (CFPB) has said it is to reassign virtually all staff nationwide to its Washington headquarters later this year. The move to relocate roughly 450 employees stationed near the watchdog's former regional offices in San Francisco, Atlanta, Chicago and New York and end remote work arrangements is likely to accelerate the recent pace of resignations, Reuters reports, as the Trump administration seeks to minimize if not eliminate the agency. Beginning on August 31, "staff whose duty stations are greater than 50 miles from headquarters, staff associated with former regional offices" and all field employees will report to the new headquarters, an email said. The CFPB will cover relocation costs for "eligible" staff members in accordance with current rules, according to a memo also seen by Reuters.
Full Issue
UK
Human Times
Writing in the Times, Harry Wallop says "People could not contain their glee" when they heard that Ryan Breslow, the co-founder and chief executive of American fintech company Bolt, fired his entire human resources team. HR were "creating problems that did not exist," Bolt had said. Wallop notes that in 2021, Greg Jackson, the founder and chief executive of Octopus Energy, the UK's biggest consumer energy provider, said he had no time for HR, arguing that large companies "infantilise" their employees and "drown creative people in process and bureaucracy." But LinkedIn suggests that this very successful company still employs a large number of people in its "people operations" team, and Wallop observes that "Good HR matters . . . Every large company should have one."
Full Issue
USA
Education Slice
A growing debate over student screen time risks conflating two very different issues: personal smartphone use and school-issued learning devices, according to education technology advocate Janice Mertes. While many states are adopting policies to restrict cellphones in classrooms, Mertes argues that district leaders should distinguish between personal devices, which can be a source of distraction, and school-managed laptops and tablets that support instruction. She notes that school-issued devices operate within regulated digital environments that include content filtering, privacy protections, and educational software designed for learning. Rather than abandoning one-to-one device programs, districts are encouraged to focus on intentional instructional design, classroom management tools, and clear communication about how technology supports student achievement. Mertes contends that properly managed educational technology remains essential for developing digital skills, collaboration, and future workforce readiness.
Full Issue
USA
Accountancy Slice
The IRS has introduced a new settlement initiative for syndicated conservation easement transactions, maintaining the core economic framework of previous offers while implementing procedural changes. Investors must evaluate their partnership's litigation risks before deciding on the settlement, which allows partners to retain a deduction equal to their investment, pay a 10% penalty on the new tax, and incur interest from the original due date. The offer is valid for 90 days, after which penalties increase. Notably, the IRS will extend this offer to all partnerships, including those that previously declined it. John Kirbo, a senior attorney at Wiggam Law, emphasizes that “investors should calculate what a rejected offer followed by a loss at trial could cost.” Investors are encouraged to weigh the potential costs of litigation against the settlement offer.
Full Issue
Scotland
Legal Matters Scotland
Opposition parties have continued to press for a parliamentary inquiry after former SNP chief executive Peter Murrell pleaded guilty to embezzling more than £400,000 from the party. While First Minister John Swinney has attacked such calls as "victim blaming", Scottish Labour leader Anas Sarwar said "secrecy and cover-up go far beyond one individual or one case", and that the SNP had maintained a "culture where secrecy became normal, dissent dangerous and people learned that speaking out carried a heavy price", while those "at the top of the SNP machine operated without scrutiny". Scottish Conservative leader Russell Findlay similarly accused Mr Swinney of "trying to shut down scrutiny", noting "new reports that taxpayers' money was also stolen".
Full Issue
North America
Legal Slice
Federal prosecutors have charged a Google employee with fraud, alleging that he made $1.2m from bets on Polymarket that used insider information. Michele Spagnuolo, an Italian citizen, has been charged with money laundering, commodities fraud and wire fraud, according to the complaint filed in the Southern District of New York. “Spagnuolo had access to Google’s internal data systems, including a particular Google internal software tool that provided him access to confidential, nonpublic Year in Search data,” the prosecutors said in their complaint. “Google officially and publicly announced its Year in Search 2025 results on or about December 4, 2025. Soon after it did so, Spagnuolo’s AlphaRaccoon account profited approximately $1.2m on his Google Year in Search 2025-related bets,” the complaint said. A Google spokesperson, responding to the charges against Spagnuolo, said: "Using such confidential information to place bets is a serious breach of our policies. We've placed the employee on leave and will take the appropriate action."
Full Issue
Europe
Risk Channel
Temu has been fined €200m by the European Commission for failing to adequately address the risk of illegal products being sold on its platform, making it only the second company to be penalised under the EU’s Digital Services Act (DSA). Brussels said the Chinese ecommerce marketplace had not done enough to mitigate the “systemic risks” posed by illegal goods, despite DSA requirements for large online platforms to assess and manage such risks. Temu is also facing a separate EU investigation into whether illegal products, including items that may not meet EU safety standards, have been sold on its marketplace. The company has until the end of August to submit an action plan detailing how it will improve its risk assessment and compliance processes. Under the DSA, fines can reach up to 6% of annual global revenue for non-compliance.
Full Issue
North America
CFO Slice
Chief financial officers at larger companies are significantly more optimistic about the economy and their own business prospects than their counterparts at midsized firms, according to a new U.S. Bank survey of 1,000 senior finance leaders. Among companies generating more than $5bn in annual revenue, 57% of CFOs expressed confidence in the U.S. economy over the next year, compared with just 24% at companies with revenue between $100m and $250m. Larger organizations also reported stronger returns from artificial intelligence investments, measuring ROI on a greater share of projects and achieving positive returns more frequently than smaller firms. The survey found growing emphasis on revenue growth and cash flow improvement alongside ongoing cost-cutting efforts, while geopolitical tensions, inflation, borrowing costs, cybersecurity threats, and talent shortages ranked among the top risks facing finance leaders. Large companies were also more likely to adopt emerging payment technologies such as stablecoins, highlighting a widening gap in resources and innovation capabilities between larger and smaller businesses.
Full Issue