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Recent Editions
North America
Human Times
The Trump administration's changes to the U.S. visa system for highly skilled immigrants are set to be tested with the upcoming H-1B lottery. This year, sponsors must pay a $100,000 fee, which is expected to disadvantage IT consulting firms that have previously dominated the visa allocation. “This is going to be a bit of a sea change,” observed Peter Bendor-Samuel, the executive chairman of global research firm Everest Group, which works with companies that routinely use the H-1B program. Companies such as Cognizant have already reduced their reliance on H-1Bs, while others are prioritizing hiring immigrants already in the U.S. Hiba Anver, a partner with Erickson Immigration Group, said: “There are several changes that taken collectively will diminish the tech industry's ability to attract and retain key talent . . . [this] will result in a smaller talent pool for tech companies.”
Full Issue
UK
Human Times
Women will disproportionately benefit from new workers’ rights measures being introduced next month, according to research by the TUC which says approximately 4.7 million women are to benefit from stronger sick pay from April. The TUC also notes that over 830,000 low-paid women will gain access to statutory sick pay for the first time. TUC general secretary Paul Nowak said: “For too long women have borne the brunt of a sick pay system that is not fit for purpose, and a culture of exploitative, insecure work . . . That’s why the Employment Rights Act is an important step forward for women at work.” A government spokesperson said: “The Employment Rights Act is a huge boost for women in the workplace – introducing enhanced protections for pregnant women and new mothers, menopause action plans for large employers and rights for parental leave from day one.”
Full Issue
USA
Education Slice
An Ohio Republican lawmaker is urging Congress to dismantle the U.S. Department of Education, arguing that states and local communities should have primary control over education policy. Senate Education Committee Chair Andrew Brenner introduced a resolution calling on federal lawmakers to eliminate the department and shift responsibilities, including oversight of funding for low-income students and special education, to states. Brenner argued that federal involvement has created excessive bureaucracy without improving student outcomes and that education was largely managed by states before the department was created in 1979. He said state governments could respond more quickly to challenges such as workforce changes driven by artificial intelligence. Democratic lawmakers on the committee have pushed back, questioning whether removing federal oversight would weaken national education standards and civil rights protections. They also raised concerns about whether all students would have equal opportunities without federal involvement. The resolution would not change policy directly but would signal Ohio lawmakers’ support for eliminating the federal agency and encourage state officials to prepare for a potential shift in responsibilities.
Full Issue
USA
Accountancy Slice
AICPA has urged the IRS to expand and refine its First Time Abatement (FTA) penalty relief program to cover a broader range of tax and information return penalties. In a letter to the IRS, the organization also proposed allowing taxpayers to reverse automatically applied FTA relief if they can demonstrate reasonable cause, preserving their one-time abatement for future use. The AICPA said the changes would reduce administrative burdens, clarify penalty relief options and encourage greater voluntary tax compliance.
Full Issue
Scotland
Legal Matters Scotland
The GMB Scotland trade union has called on Finance Secretary Shona Robison to push local authorities to settle disputes over equal pay claims, rather than fighting lengthy employment tribunal cases. GMB Scotland secretary Louise Gilmour said women working for local authorities "continue to face delays, obstruction, and lengthy tribunal processes while councils expend significant public funds contesting claims rather than delivering justice". Councils, she added, "are spending millions of pounds on legal fees, tribunal costs, and interest payments rather than resolving equal pay claims through negotiation and settlement". While the UK Government, she noted, is strengthening equal pay enforcement and reporting requirements for public bodies, the "continued reality in Scotland" is of "women having to fight, sometimes for years, to secure pay to which they are entitled".
Full Issue
North America
Legal Slice
Western Alliance has sued investment bank Jefferies, alleging breach of contract and fraud over loans tied to the collapse of auto parts supplier First Brands. The Phoenix-based lender said it filed a complaint in the New York Supreme Court against Jefferies and others for "breach of contract and fraud" for "conduct related to a commercial loan collateralized by accounts receivable purchased from First Brands Group." Western Alliance CEO Kenneth Vecchione said: "I can't tell you what's behind Jefferies' motive . . . We are deeply disappointed by Jefferies' conduct." In response, Jefferies said: "We regret that the Bank, as well as a range of lenders to and around First Brands, will suffer losses as a result of this fraud. We believe that the lawsuit is without merit and it will be defended vigorously."
Full Issue
Europe
Risk Channel
Europol has warned that the ongoing Middle East conflict will have "immediate repercussions" for European Union security, leading to an increased threat of terrorism, organised crime, and cyberattacks. Europol spokesman Jan Op Gen Oorth said that he anticipates a rise in cyberattacks targeting European infrastructure, alongside sophisticated online fraud driven by artificial intelligence. He observed that groups linked to Iran may engage in "destabilising activities" within the EU, including terrorist attacks. "The level of terrorist threat and violent extremism in EU territory is considered high," he said, noting that the rapid spread of polarising content online could accelerate radicalisation among diaspora communities.
Full Issue
North America
CFO Slice
As artificial intelligence (AI) becomes embedded in financial workflows, chief financial officers are increasingly responsible for ensuring the integrity, transparency and auditability of AI-driven decisions, according to a new analysis. While AI can improve forecasting, automation and efficiency, finance leaders must ensure systems are explainable, governed by strong data controls and compliant with accounting standards, particularly as many experienced professionals retire and teams adopt more automation. The article argues that successful AI use in finance will depend on clear governance, traceable decision processes and strong data quality, with human oversight remaining essential for accountability.
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