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Companies are increasingly using AI to automate entry-level cybersecurity work, including alert triage, log reviews, and data enrichment, while hiring more experienced professionals to oversee AI systems and handle complex threats. A survey of more than 500 chief information security officers found that nearly three-quarters do not expect AI to reduce team sizes, while more than 80% anticipate greater demand for new cybersecurity roles and skills. Cybersecurity hiring remains relatively resilient, with U.S. job postings rising to 13,923 in August from 13,169 in July. However, industry experts warn that reducing junior roles could weaken the pipeline of future senior professionals, creating a potential “talent chasm.” As AI becomes more embedded in cybersecurity, workers are expected to need stronger judgment, business knowledge, AI fluency, and the ability to validate and govern automated outputs.

 

Wall Street Journal

Prediction-markets company Polymarket has appointed Warren Jenson as its first chief financial officer as it expands its U.S. platform following regulatory oversight from the Commodity Futures Trading Commission. Jenson previously served as CFO of Amazon, Electronic Arts, Delta Air Lines, NBC, and Nielsen, and joins as Polymarket builds out its leadership team for its next phase of growth. Polymarket is valued at around $21bn following a recent $1bn funding round. Major backers include 1789 Capital, which is investing about $300m, and Intercontinental Exchange, which disclosed a $1.6bn stake earlier this year. The company faces increasing competition from Kalshi, Robinhood, and DraftKings, as well as scrutiny over its U.S. marketing practices.

 

Wall Street Journal

Some companies that shifted manufacturing and sourcing out of China to avoid higher U.S. tariffs are moving orders back after encountering production constraints, supply-chain disruptions, higher costs, and infrastructure challenges elsewhere. Target has reportedly restored some orders to Chinese suppliers, Shein is scaling back some operations in Vietnam, and several manufacturers have abandoned overseas production after struggling to replicate China’s skilled labor, extensive supplier networks, equipment availability, and reliable power supply. The financial incentive to relocate has also weakened as the U.S. has expanded tariffs to more countries, narrowing the gap between China and alternative manufacturing hubs such as Vietnam, Indonesia, and Thailand. Companies also point to China’s greater resilience during periods of energy and commodity disruption, although production elsewhere can still provide a hedge against future tariff increases. Despite the partial reversal, the broader “China plus one” strategy remains intact, with Southeast Asia continuing to attract billions of dollars of manufacturing investment. Some businesses are maintaining smaller operations outside China to diversify geopolitical and tariff risks, while others are looking beyond the U.S. for new export markets amid continued uncertainty over trade policy.

 

Reuters

 

Bloomberg

Reuters

The U.S. Environmental Protection Agency (EPA) has repealed most Biden-era greenhouse gas emissions standards for fossil fuel-fired power plants, including guidelines for existing plants and carbon capture and storage requirements for modified coal and new natural gas facilities. The EPA estimates the repeal will save the power sector more than $300bn in compliance costs through 2047. The agency has also proposed repealing 2015 emissions standards and the underlying greenhouse gas findings that provided the basis for regulating power plant emissions under the Clean Air Act, potentially making it harder for future administrations to restore similar restrictions. Environmental groups criticized the move, with the Environmental Defense Fund estimating it could result in more than $1tn in additional health costs and $1.8tn in cumulative climate-related harms over two decades, and pledging to challenge the action in court.

 

ESG Today

Accenture has said it will pay $25m to settle U.S. government claims related to diversity practices. The ⁠Justice Department said the IT consulting firm had weighed race and sex to achieve demographic goals when making hiring and promotion ​decisions. Accenture said it complied with ​applicable laws ⁠and that the resolution agreement did not constitute an admission of liability. "We have cooperated with the government's review, and we are pleased to put ⁠this ​matter behind us to avoid the costs ​and resource demands of prolonged litigation," an Accenture spokesperson said.

 

Reuters

Microsoft has drafted a code of conduct to apply to the training of new artificial intelligence (AI) models amid growing fears that technology companies could lose control of their AI products. Mustafa Suleyman, chief executive of Microsoft AI, wrote: “AI must be subordinate and always in service of people. The fears about possible loss of control are real.” A parallel post on the company’s website said: “The purpose of technology is to serve humanity and accelerate human flourishing. Any technology that doesn’t achieve that is a failure, and it should be rejected. That is the starting point of our approach at Microsoft AI, where we’re building towards Humanist AI, one that is subordinate, aligned, and contained.” Microsoft asserted that its AI is "not conscious," observing: "We reject the pursuit of legal personhood, or the idea that models might ​deserve welfare, or be entitled to rights.” 

 

Silicon Republic

Reuters

The Guardian

The 10-year U.S. Treasury yield briefly climbed above 5% on Monday, reaching 5.012%, its highest intraday level since 2007, before retreating to close at 4.960%. The move has been driven by mounting concerns over inflation and energy prices as the Middle East conflict disrupts shipping and pushes Brent crude above $100 a barrel. Higher Treasury yields are already feeding through to the broader economy, with mortgage rates moving back toward 7%, while increasing borrowing costs could add further pressure to U.S. government finances. Investors are now debating whether 5% will again prove to be a ceiling, as it did in 2023, or whether the market is entering a more sustained period of elevated interest rates reminiscent of the 1990s and 2000s. Expectations have shifted as the U.S. economy remains relatively resilient, inflation stays firm, and markets increasingly anticipate that the Federal Reserve will raise short-term interest rates. At the same time, federal debt has reached $40tn, increasing the supply of Treasurys and potentially putting further upward pressure on yields.

 

CNN

Reuters

Washington Post

Wall Street Journal

Bayer’s Monsanto unit has urged a Missouri judge to approve a $7.25bn settlement aimed at resolving nearly all existing and future U.S. lawsuits alleging that Roundup causes cancer. Bayer currently faces around 65,000 claims. The proposed settlement would provide payouts of between $10,000 and $165,000 to eligible claimants with non-Hodgkin lymphoma, although opponents argue that the compensation is inadequate. Bayer, which denies that Roundup causes cancer, has said the agreement is fair and has broad support among plaintiffs’ lawyers. The litigation has cost Bayer billions of dollars since its 2018 acquisition of Monsanto, including around $10bn committed in 2020 to resolve most claims existing at the time.

 

Reuters

The House Ways and Means Committee has released the 114-page Digital Asset Tax Certainty Act ahead of a September 16th markup, where lawmakers will consider whether to advance the legislation. The bill addresses several crypto tax issues, including de minimis transactions, gain and loss accounting, transfers, wash sale rules, mining, staking, broker requirements, and tokenized assets. The proposal would eliminate taxes on network or transaction fees below $10, although taxpayers who conducted more than 5,000 transfers in the previous year would be excluded. It would also direct the Treasury Department and IRS to develop additional digital asset tax rules. While the legislation could represent a significant step toward establishing clearer U.S. crypto tax policy, it is considered unlikely to become law this year because of the limited congressional calendar. Progress in 2026 could, however, provide a foundation for further legislative work in 2027.

 

CoinDesk

Businesses should integrate customs and trade taxes more closely into their broader tax functions as tariffs, sanctions, sustainability requirements, and geopolitical volatility increasingly affect commercial and supply chain decisions. Eleanor Caine, customs and foreign trade principal at Ryan, argues that traditionally separate areas, including customs, transfer pricing, VAT, and direct tax, are becoming more interconnected, requiring companies to improve cross-functional coordination and understand how decisions in one area can affect liabilities elsewhere. Tax leaders are also being encouraged to strengthen visibility over customs and trade data, assess their organizations’ tariff and regulatory exposures, and establish clearer governance as authorities increase scrutiny of compliance systems and controls. The article argues that more integrated tax operating models, supported by connected data and technology, can improve compliance while allowing tax teams to play a greater role in supply chain decisions, commercial strategy, and responses to regulatory and geopolitical change.

 

Bloomberg Tax

China's new travel regulations, effective Tuesday, empower authorities to block citizens from leaving the country, transforming temporary bans into a permanent measure against capital and talent flight. Neo Wang, a strategist at Evercore ISI, observed: "The goal is to restrict outbound personnel flows, so as to keep home the capital and talent that might otherwise leave with them." Private bankers are said to be adapting by altering their approaches to client events and documentation to avoid government scrutiny. Additionally, the regulations impose a 20% income tax on assets moved into offshore trusts, further complicating wealth management for affluent Chinese. "The various measures create the perception that laws may change without notice with retroactive effect, the tightening is coming from all sides," said Clifford Ng, partner at Zhonglun Law firm. 

 

CNBC

European Central Bank President Christine Lagarde has said Europe needs to become a producer of artificial intelligence (AI) technology to preserve its autonomy and achieve the efficiency gains that are necessary to maintain its way of ​living. "Within a few years (AI) will be screening goods at ​the border, deciding which tax returns are audited, dispatching trains, watching patients on ​wards and clearing payments at banks," Lagarde said. "A withdrawal of access, or a change in its terms, would then reach every ​sector at once . . . That is leverage of a kind no trade partner has ever ​held over Europe, and it could be used in any negotiation, on tariffs or on digital taxes, for example." Lagarde said Europe faced “an awkward choice . . . Either it holds back on adopting, because it cannot protect its data, and forgoes the growth. Or it adopts AI quickly, becomes highly dependent, and risks losing the freedom to organise its economy according to its own values.”

 

Reuters

The Guardian

PwC U.S. and PwC India plan to form a joint venture that will merge PwC U.S.'s India-based offshoring “acceleration centers” with PwC India's consulting arm, according to an internal memo sent to employees by the U.S. chief executive, Paul Griggs. Those hubs provide - and as the FT notes, sometimes compete to provide - specialist talent and overnight support to U.S. teams and operate independently of PwC India's operations.

 

Business insider

Financial Times

GlaxoSmithKline is to close a vaccine plant in Dresden, Germany, next year. German trade union Industriegewerkschaft Bergbau, Chemie, ​Energie (IGBCE) said the closure would put 641 jobs at risk. "With decreasing demand for traditional egg-based flu ​vaccines, meaning we have more capacity than we need, ⁠we've conducted a review of the viability of our two ​flu vaccines manufacturing sites in Dresden, Germany, and Ste-Foy, Canada," GSK ​said. "Following this, we have taken a difficult decision to consolidate operations at one site. We have selected the site in Canada, which can fully match ​anticipated future demand in a sustainable and competitive way."

 

Reuters

Apple has released iOS 27 featuring a redesigned, artificial intelligence (AI)-powered Siri ahead of the iPhone 18 launch, although the assistant remains in beta and users must opt in, with access potentially subject to a waitlist. The new Siri uses Apple-developed AI models to search personal information stored on devices, including emails, messages and calendars, while more complex requests can be processed through Apple’s Private Cloud Compute infrastructure. Apple is positioning the iPhone 18’s faster chips and access to locally stored personal data as key advantages for its AI offering, which can also answer general questions and search the web. Some cloud-based Siri and Apple Intelligence features will have daily usage limits, with Apple planning to offer expanded limits for a fee in future. The redesigned Siri is initially available in English, with French, Japanese, Korean, Portuguese and Spanish support due next month. It will not initially launch in the EU or China because of regulatory considerations.

 

CNBC