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Recent Editions
North America
Human Times
Writing for the Wall Street Journal, Tessa West, a professor of psychology at New York University and the author of “Job Therapy: Finding Work That Works for You”, says many members of Gen Z “are woefully unprepared for surviving - let alone thriving - in their jobs”. She believes “a combination of having fewer real-world relationship experiences, spending their education years in remote environments, and learning to communicate largely through asynchronous methods [means] these 20-somethings have missed opportunities to develop the skills needed to navigate the complex world of work.” Her suggested remedy is that leaders must change how they think about communication for everyone in the workplace with one goal in mind: “Make it clear and direct.”
Full Issue
UK
Human Times
Rising female unemployment, particularly among young women, is hindering the UK jobs market and costing the economy £11bn, according to the PwC Women in Work Index. The report highlights a surge in young women classified as Neet (not in employment, education or training), with rates rising to 11.8% in 2024 from 9.5% the year before. Carol Stubbings, UK and EMEA managing partner at PwC, said: “Rising female unemployment, especially among young women, points to underlying weaknesses in our labour market at a time when AI is reshaping the economy and the skills needed . . . Reducing the number of young women who are Neet is not only a social imperative – it is an economic one, with billions in potential gross domestic product at stake.”
Full Issue
USA
Education Slice
The U.S. Department of Education has proposed revamping its longstanding Comprehensive Centers program, calling its current structure “duplicative,” “confusing,” and insufficiently responsive to state and local needs. The program, which uses regional and national contractors to provide technical assistance to states and school districts, would be restructured to give state and local leaders greater influence over priorities. A key proposal includes creating a new national center offering “concierge-style” support to help educators navigate technical assistance and connect with relevant organizations. Under the new model, nationally focused centers would determine their areas of emphasis based on feedback from state and local education officials, rather than having priorities set by the department. Recent focus areas under existing contracts, awarded in 2024, have included teacher shortages, fiscal equity, and multilingual education. The department also signaled it may terminate current contracts, which run through 2029, to launch a new competition aligned with the redesigned framework. The proposed changes are tied to the Trump administration’s broader push to “return education to the states.” A 30-day public comment period will follow before final decisions are made.
Full Issue
USA
Accountancy Slice
Tax refunds have increased by over 10% in 2026, with the average refund amounting to $3,804, which is $351 more than last year, according to the Internal Revenue Service (IRS) report released on February 27th. Despite a 1.9% decline in the number of returns processed, the IRS has issued 28.7m refunds this year, totaling $109bn. The rise in refunds is partly due to changes in tax laws from the “One Big Beautiful Bill,” which eliminated taxes on overtime and tips and increased standard deductions. The IRS anticipates that average refunds will exceed $1,000 in 2026, reflecting a significant increase from previous years. Taxpayers have until April 15th 2026, to file their returns.
Full Issue
Scotland
Legal Matters Scotland
Lord Advocate Dorothy Bain has attended nearly half of all SNP Cabinet meetings since taking up the role five years ago, reigniting debate over her dual position as head of the prosecution service and senior legal adviser to the Scottish Government. Critics argue her regular presence risks conflicts of interest, particularly after she shared details of the criminal case against former SNP CEO Peter Murrell with ministers before the information was public. The Scottish Government insists Bain operates independently, attending Cabinet only to provide legal advice, but opposition parties continue to call for a split of the role to safeguard impartiality. Meanwhile, Scottish Conservative leader Russell Findlay has continued to criticise Bain for informing the First Minister about the dropped investigation into Nicola Sturgeon before Sturgeon was told, calling the situation "untenable" and likening Scotland to a "banana republic."
Full Issue
North America
Legal Slice
Federal Communications Commission chair Brendan Carr has signalled that the watchdog will not seek to block Paramount’s $110bn deal to buy Warner Bros and played down competition concerns over a combination of CBS and CNN, the Financial Times reports. Carr told the FT at the Mobile World Congress in Barcelona on Monday that concerns had been raised in Washington about the concentration of power stemming from Warner Bros’ previously agreed deal with Netflix, but said that the market share implications of a potential Paramount purchase were “drastically different.” Law.com reports that five Big Law firms - Wachtell, Debevoise, Cravath, Latham and Cleary - are playing key roles in the merger.
Full Issue
Europe
Risk Channel
The world’s largest maritime insurance mutuals will withdraw war-risk insurance for ships entering the Persian Gulf from March 5, escalating pressure on global shipping as conflict in the region intensifies. Seven members of the International Group of Protection and Indemnity (P&I) Clubs - which insure about 90% of global ocean-going tonnage - will automatically terminate war-risk coverage for vessels entering the Persian Gulf and adjacent waters. The move follows similar cancellations by reinsurers, prompting insurers to reassess their exposure. The withdrawal is expected to discourage shipowners from loading cargoes in the region, which supplies roughly 20% of the world’s crude oil and is a major exporter of refined fuels and liquefied natural gas. While alternative coverage remains available, market participants report premiums have surged by 25% to 50%, and in some cases doubled.
Full Issue
North America
CFO Slice
In his first shareholder letter as chief executive of Berkshire Hathaway, Greg Abel outlined a leadership approach that closely follows Warren Buffett’s long-standing blueprint while signaling a more direct management style. Abel reaffirmed that insurance will remain the company’s core engine, highlighting the importance of Berkshire’s $176bn insurance “float,” which funds investments and acquisitions. He praised insurance chief Ajit Jain for disciplined risk pricing and emphasized that Berkshire will walk away from poorly priced deals. On operations, Abel pledged to maintain Berkshire’s decentralized model, granting autonomy to subsidiary CEOs while expecting accountability and integrity. However, he has indicated he may be more hands-on than Buffett in overseeing noninsurance businesses. Abel will personally oversee Berkshire’s stock portfolio and continue its concentrated investment strategy, focusing on major holdings like Apple and American Express. He described the company’s investment in Kraft Heinz as “disappointing,” underscoring a tougher stance on underperforming assets. With cash reserves reaching a record $373bn, Abel said Berkshire will prioritize long-term acquisitions over holding U.S. Treasurys, acting patiently when attractive opportunities arise. He also reaffirmed that stock buybacks will occur only if shares trade below intrinsic value and signaled no urgency to initiate dividends, maintaining Buffett’s long-held reinvestment philosophy.
Full Issue