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Recent Editions

North America
Human Times
The San Francisco Standard reports on how Bay Area companies are hiring etiquette coaches for their Gen Z employees as return-to-office policies have brought in the demographic for the first time, and in many cases after years of working and attending school remotely. Local etiquette coach Rosalinda Randall has said enquiries have risen 50% over the last two months, and "are a variation on the same complaint: Gen Z employees are treating the office like an extension of their homes." Jim Rettew, interim CEO at Yerba Buena Center for the Arts, observes of Gen Z: “They’re great at challenging authority and the status quo, but sometimes I just want someone to buckle down and follow orders.”
Full Issue
UK
Human Times
The government has set a new timeline for the Employment Rights Bill, pushing back several reforms by a year. Day-one protection against unfair dismissal, which was due to come into force next year, has been delayed until 2027, as has guaranteed flexible working and a ban on "exploitative" zero-hours contracts. Ministers say the roadmap will give businesses the "clarity and certainty they need to plan, invest and grow." Other measures set out in the Bill include removing the current limits on statutory sick pay, day-one paternity leave and unpaid parental leave rights. These are expected to come into force in early 2026. New whistleblowing protections are also due early next year, while October 2026 will see a ban on fire and rehire practices alongside rules to ensure that tips are allocated more fairly. Tina McKenzie, policy chair at the Federation of Small Businesses, said the timetable "sets out when waves of disruptive changes will now hit small employers," warning that "without listening to proposals from business to improve these reforms, the changes simply add complexity and risk to new hiring and existing employment." TUC general secretary Paul Nowak said the changes were "long overdue," adding that the new rights needed to be put in place "as soon as possible."
Full Issue
USA
Education Slice
President Donald Trump's tax-and-spending legislation was passed by the Senate on Tuesday, with a 50-50 deadlock in the vote decided with a tiebreaking vote from Vice President JD Vance. The package includes the nation’s first federal tax credit scholarship program, which grants donors to scholarship organizations a $1,700 tax credit for the same amount they contribute. Those nonprofits then award funds to families for private school tuition and other educational expenses. The Senate version of the bill differs from that passed by the House in late May by giving states a say over which groups can participate and strikes language that would have prohibited any control over private schools. The legislation includes other child-related provisions, including the extension of an existing $2,000 child tax credit. The House version boosts it to $2,500, while the Senate version increases the credit to $2,200. “Trump accounts,” a new feature, would provide a $1,000 investment fund for children that they could later use for education or a house. The House is expected to vote on the bill later today, sending it to the Oval Office for Trump's signature before July 4.
Full Issue
USA
Accountancy Slice
U.S. Senate Republicans were continuing their efforts early this morning to pass President Donald Trump's sweeping tax-cut and spending bill, amid deep divisions within the party about its expected $3.3tn hit to the nation's debt pile. Voting on amendments and procedural motions started midmorning Monday and dragged through the night as Republican leaders worked to find a balance of policies that could pass both the Senate and later the House. Mr. Trump spoke with congressional leaders by phone, and the White House said it was confident that the bill was on track even as its fate and final content remained uncertain. Senate Majority Leader John Thune (R-SD) spoke privately with Sen. Lisa Murkowski (R-AK), after he and other party leaders had engaged in long discussions with her on the Senate floor regarding both the Medicaid and nutrition-assistance cuts in the bill and the phaseouts of clean-energy tax credits.
Full Issue
Scotland
Legal Matters Scotland
Susan Aitken, the leader of Glasgow City Council, has expressed deep concern over the rising youth violence in Scotland, particularly following the tragic deaths of three teenagers, including Kory McCrimmon, who was fatally attacked in Greenfield Park. Aitken described these incidents as "a warning sign" during an emergency council meeting. The Parents Against Knives campaign, led by Kory's grieving parents, has called for immediate action, stating: "Enough is enough." The council is now exploring new strategies to combat this issue, emphasising the need for community participation. SNP councillor Laura Doherty highlighted the complex nature of youth violence, exacerbated by the pandemic's impact on young people's development. The Scottish Government has recently allocated £82,000 to the Violence Reduction Unit in response to these concerns.
Full Issue
North America
Legal Slice
Paramount Global has agreed to pay $16m to settle a legal dispute with U.S. President Donald Trump regarding an interview it broadcast on CBS with former Vice President Kamala Harris. Trump filed a lawsuit last October, alleging the network had deceptively edited an interview that aired on its 60 Minutes news program with his presidential election rival to "tip the scales in favor of the Democratic party." Paramount said it would pay to settle the suit, but with the money allocated to Trump's future presidential library, and not paid to him "directly or indirectly." The company noted the settlement does not include a statement of apology or regret. CBS previously said the case was "completely without merit" and had asked a judge to dismiss it. A spokesman for Mr. Trump’s legal team said the settlement was “another win for the American people” delivered by the president, who was holding “the fake news media accountable,” adding “CBS and Paramount Global realized the strength of this historic case and had no choice but to settle.”
Full Issue
Europe
Risk Channel
AstraZeneca is said to be weighing moving its stock market listing from London, where it is the exchange's most valuable company, to New York. Sir Pascal Soriot, who has been at the helm of the firm since 2012, is said to have spoken privately about his desire to abandon the UK listing in favour of the US. Shares rose almost 3% following the report in The Times. Ketan Patel, at investment group Whitefriars, an AstraZeneca shareholder, said a US listing would “provide the company with greater access to financing and also a wider and deeper shareholder base.”
Full Issue
North America
CFO Slice
A new report from Compensation Advisory Partners (CAP), a consulting firm, examines 2024 compensation outcomes for chief financial officers relative to chief executives. It looked at 155 public companies with a median revenue of $12.6bn and fiscal years ending between August 31st 2024, and January 1st 2025. CAP’s analysis found that for executives in the data set who did receive a bump to their salary, the median increase was 5.7% for CFOs and 4.1% for CEOs. The previous year, CFOs’ median increase was 5%, and 5.1% the year before that. “We were expecting salary increases to start shifting downward, given the labor market,” Kelly Malafis, founding partner at CAP told me. “But salary increases are likely to remain steady for CFOs.” The report suggests that this stability is being driven by high turnover due to retirements or departures and strong demand for finance chiefs. CEOs still lead in total compensation, according to CAP data. Over the past decade, CFO total compensation has averaged about 33% of CEO compensation, the firm’s research shows. The median tenure for these positions is typically around seven years, said Roman Beleuta, principal at CAP. “Every time there’s a reset, you’re kind of resetting the bar again,” he explained. “That’s why that ratio stays at about a third.”
Full Issue