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Recent Editions
Human Times
North America
A former Citigroup executive claims in a lawsuit that she was dismissed after raising regulatory and compliance questions. A source familiar with the case said the concerns involved a request to open a bank account connected to President Donald Trump. The heavily redacted complaint, filed in Brooklyn federal court, was filed anonymously, using the pseudonym Jane Doe. The plaintiff, a former managing director in Citi's wealth management division, claimed she had identified deficiencies in Citi's internal controls for risk management, anti-money laundering, reputation risk, and data compliance. Citigroup has denied the allegations in the lawsuit and said it had "absolutely zero merit."
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Human Times
UK
The Trades Union Congress says that legislation proposed by Reform UK would remove the right for women to claim equal pay for the same work. Nigel Farage's party argues its Women's and Motherhood Protection Act would consolidate various protections for women into one law – superseding the 2010 Equality Act - and enhance pregnancy and maternity protections. Reform would rely on the Equal Pay Act 1970 and the Employment Rights Act 1996 to ensure pay and parental leave rights are preserved. But TUC boss Paul Nowak said Reform’s plans would effectively legalise discrimination and remove new rights being introduced by the Employment Rights Act, such as protection from harassment.
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Human Times
Europe
Amazon founder Jeff Bezos has told attendees at the VivaTech technology conference in Paris that artificial intelligence will not replace humans; rather, it will lead to labour shortages. "I know there's a lot of concern that many people have, including many smart people, that AI is going to make humans redundant and so on," Bezos said. "I totally disagree with this point of view. And I think, in fact, AI is going to create a labour shortage." Bezos observed that people have "endless" things to do, and are currently limited by barriers that he said AI would lower.
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Human Times
Middle East
Meta chief executive Mark Zuckerberg has told staff that the social media company has made mistakes in the AI transformation of its workforce, according to an internal memo seen by Reuters. "Given the complexity of these changes, we've made mistakes and will almost certainly make more," Zuckerberg wrote in the memo. He also said that he is "focused on providing as much stability as possible" regarding future organisational changes. "I don't want to overpromise because the world is changing in ways that are out of our control," he wrote. Zuckerberg reiterated that Meta does not expect more company-wide layoffs this year.
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