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Recent Editions
North America
Human Times
Bloomberg reports that Amazon is offering $1,000 prizes to delivery drivers who share what they love about their jobs. The "My Why" contest from the world’s largest e-commerce company is for drivers employed by delivery service partners, a network of small businesses that Amazon contracts with to manage workers who bring its packages to customers. Amazon said the competition is meant to "spotlight the drivers employed by our partners and celebrate the diverse motivations for doing this work and supporting their communities." Jerome Sloss, a New York City delivery driver and a Teamsters union activist who supports a New York bill that would require companies such as Amazon to directly employ last-mile delivery workers, said: “They’re not even acknowledging us as actual employees, but they’re offering us $1,000 to talk about why we like ‘delivering smiles.’”
Full Issue
UK
Human Times
Marks & Spencer CEO Stuart Machin has criticised senior executives who disconnect from work while on holiday. Speaking at a business event in central London, Machin said he prefers leaders to remain engaged, and rejects traditional notions of work-life balance in favour of broader personal responsibility. Since becoming CEO of M&S in 2022, he says he has replaced his entire executive team as part of a wider turnaround strategy. Machin highlighted a strong focus on curiosity and accountability in leadership hires, including requiring new executives to present candid assessments to the board early in their tenure. Machin also said that rising costs and Labour's new regulations are squeezing entry-level job opportunities for young people. He stressed the importance of retail and hospitality in providing first job experiences, and urged a re-evaluation of policies that he said disincentivise hiring young workers.
Full Issue
USA
Education Slice
K–12 IT leaders are increasingly using the spring months as a critical planning window for summer technology projects, when schools typically carry out major upgrades such as replacing aging hardware, deploying cybersecurity tools, and modernizing infrastructure while buildings are less occupied. This planning phase involves evaluating which systems to retire or extend, aligning budgets and procurement timelines, and ensuring projects support both security requirements and classroom needs. Experts emphasize prioritizing core systems such as firewalls and cybersecurity platforms, particularly those nearing end-of-life or lacking active support, while also reassessing endpoint devices and broader network vulnerabilities, given the high value of student data and growing insurance and compliance pressures. IT teams are also encouraged to consolidate overlapping tools through detailed feature analysis to reduce costs and complexity without increasing risk, and to use data such as support ticket trends and usage metrics to identify underperforming or unnecessary systems.
Full Issue
USA
Accountancy Slice
Tax teams are facing growing challenges as usage-based billing models clash with VAT requirements, with risks increasingly driven by system design issues - such as timing, data flows, and service classification - rather than misunderstandings of tax rules. Key problem areas include the treatment of “free” usage within paid plans, where systems may incorrectly split a single taxable supply; prepayments and unused credits, where VAT is often due upfront regardless of revenue recognition; and delayed “true-up” billing, which can trigger penalties if VAT is not reported in the correct periods. Additional risks arise from misclassifying services - particularly when bundled offerings mix automated and human elements - leading to incorrect tax treatment across jurisdictions. Aleksandra Bal, global tax technology lead at Stripe, says that VAT compliance in modern billing environments depends heavily on system architecture, requiring tax teams to engage closely with billing and data systems to ensure accurate and timely tax reporting.
Full Issue
Scotland
Legal Matters Scotland
More than 2,000 people in Scotland have died in hospital since 2021 while classified as delayed discharge, meaning they were medically fit to leave but remained due to a lack of suitable care arrangements. Figures from regional health boards also show patients have spent over 720,000 unnecessary days in hospital in recent years. Critics, including opposition politicians, say delays increase pressure on NHS services and can negatively affect patient wellbeing. Delayed discharge is often linked to shortages in community or social care provision. The Scottish Government, represented by Neil Gray, said efforts are ongoing to address the issue, including increased investment in social care, though challenges remain.
Full Issue
North America
Legal Slice
Judges in New York’s federal appeals court have overturned a ruling that found Argentina liable to pay $16bn to former shareholders of the oil major YPF. Burford Capital, which financed the case, described the decision that overturned a judgement against Argentina for nationalising YPF in 2012 "very disappointing" and an "abandonment of minority shareholder rights." Bloomberg observes that the ruling is a significant victory for Argentine President Javier Milei, who had refused to negotiate with the plaintiffs, and helps clear his government’s path to a return to international markets at some point.
Full Issue
Europe
Risk Channel
The European Union has agreed new customs rules allowing member states to fine online platforms that repeatedly import unsafe or non-compliant products, as part of efforts to curb a surge in low-value goods from China. Platforms breaching safety standards could face fines of up to 4% of annual import value, rising to 6% for repeat offences, lose fast-track customs privileges, or ultimately have their websites blocked. The reforms also remove duty exemptions for goods under €150 and introduce new levies on low-value imports, while requiring greater data reporting through a centralised EU customs authority from 2028. The measures aim to strengthen enforcement and address concerns that existing systems cannot cope with the volume of direct-to-consumer shipments, particularly from marketplaces such as Temu and Shein.
Full Issue
North America
CFO Slice
A Moody’s Ratings report highlights that artificial intelligence (AI) is set to boost global productivity by around 1.5% annually, but with uneven benefits, as advanced economies could see gains closer to 2% compared to roughly 1% in emerging markets due to stronger infrastructure, skills, and digital access. The research warns that AI will reshape labor markets through both job augmentation and displacement, with up to one-third of workers in advanced economies and nearly a quarter in emerging markets at risk - particularly in mid-level clerical and administrative roles, where women are disproportionately represented. While AI could strengthen public finances through higher tax revenues and improved tax collection, it may also strain government budgets as displacement impacts employment and consumption. Crucially, outcomes will depend on policy responses, with countries that invest in reskilling, education, and labor market support likely to strengthen their economies and credit profiles, while those that fail to manage the transition risk long-term damage to growth, social cohesion, and fiscal stability.
Full Issue