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Recent Editions
North America
Human Times
UPS is increasingly using gig drivers in personal vehicles for small parcel deliveries as part of a major cost-cutting strategy. The shift comes alongside buyouts and layoffs affecting 34,000 unionized drivers and warehouse workers. While full-time UPS drivers can earn over $145,000 annually in pay and benefits, the company is under pressure from shrinking profit margins—its U.S. unit’s operating margin has dropped from 14.2% to 6.4% in a decade. The International Brotherhood of Teamsters accuses UPS of replacing older, higher-paid workers with lower-wage labor and diluting union jobs. UPS insists it’s honoring union agreements and only uses gig drivers in select units like Mail Innovations. CEO Carol Tomé says the company is on track to cut $3.5bn in costs this year. As e-commerce demands surge unpredictably, UPS is leaning on gig labor to maintain efficiency and profitability.
Full Issue
UK
Human Times
The Department for Education has published its pay recommendations to the School Teachers' Review Body (STRB). The DfE has proposed that teachers' pay should rise by a total of 6.5% across 2026/27, 2027/28, and 2028/29, and says the "proposed awards would maintain the competitiveness of teacher pay and provide a real terms improvement over the parliament." NEU general secretary Daniel Kebede said the government is "failing to deliver on its promises," and warned that the recommendation "will do nothing to address the continued crisis in retention." NAHT general secretary Paul Whiteman said the proposed increase "would be a real-terms pay cut for teachers and leaders if inflation and average earnings across the wider economy rise as predicted," while NASUWT general secretary Matt Wrack said the proposals "are only likely to exacerbate the current recruitment and retention crisis in teaching."
Full Issue
USA
Education Slice
Two U.S. federal judges have ordered the Trump administration to use emergency funds to continue SNAP benefits for 42 million Americans amid a government shutdown, though the timeline and extent of payments remain unclear. The U.S. Department of Agriculture planned to freeze payments to the Supplemental Nutrition Assistance Program starting November 1, and said it lacked both the funds and the authority to pay them until Congress passes a spending bill to end the shutdown. However, on Friday, Judge Indira Talwani in Boston gave the administration until Monday to decide on issuing at least partial payments, while Judge John McConnell in Rhode Island mandated immediate disbursement and a compliance plan, citing the potential harm to individuals and local economies. Both judges indicated, however, that the administration had the ability to fund SNAP benefits in full if it used its discretion to tap other funding to cover the shortfall. Despite the rulings, delays in disbursing aid are expected due to logistical processing times.
USA
Accountancy Slice
In 2025, 72% of S&P 500 companies have reported AI-related risks in their disclosures, a significant increase from 12% two years ago. A report by The Conference Board and ESGAUGE highlights concerns over AI's impact on reputation, security, and compliance. Reputational risks, such as implementation and privacy issues, were noted by 38% of companies, while 20% cited cybersecurity risks like AI-amplified threats. Financials, industrials, IT, and health care sectors are most affected. The report emphasizes the need for integrating AI into governance with the same rigor as finance and operations to maintain stakeholder confidence.
Full Issue
Scotland
Legal Matters Scotland
Homicide deaths in Scotland fell to their lowest level in nearly 50 years, with 45 victims recorded in 2024-25, down 12 from the previous year. Over the past decade, homicides dropped by 24%, and by 53% over the last 20 years. Deaths among 16- to 24-year-olds also declined sharply. All cases last year were solved, with 30 men and 15 women killed. Most male victims (63%) were killed by acquaintances, while nearly half of female victims (47%) died at the hands of a partner or ex-partner. Sharp instruments were the most common method. Justice Secretary Angela Constance called the trends "positive and welcome" while emphasising ongoing vigilance is needed.
Full Issue
North America
Legal Slice
Legal briefs created with the help of artificial intelligence and submitted with errors including citations to cases that don’t exist are a growing problem, attorneys say. French data scientist and lawyer Damien Charlotin has identified at least 490 court filings over the past six months that contain so-called “hallucinations” - AI responses that contain false or misleading information. “Even the more sophisticated player can have an issue with this,” Charlotin observed. “AI can be a boon. It’s wonderful, but also there are these pitfalls.” Most rulings are from U.S. cases in which plaintiffs represented themselves without an attorney, he said.
Europe
Risk Channel
The number of UK businesses in critical financial distress has risen by 78% in the third quarter to 55,530, according to a report from insolvency practitioner Begbies Traynor. Its latest Red Flag Alert report showed that 21 of 22 sectors analysed showed an increase in critical financial distress of more than 40% on a year earlier. Julie Palmer, a partner at Begbies Traynor, said: "Unfortunately for UK businesses, inflation is going nowhere, putting further pressure on companies at a time when wage, tax, and financing costs are already high." Ric Traynor, executive chairman of Begbies Traynor, said: "With confidence and investment both subdued, the challenges for businesses remain substantial."
Full Issue
North America
CFO Slice
The Securities and Exchange Commission (SEC) and the PCAOB have reduced their enforcement actions against auditors, with only one action taken in Q3 2025, according to a report by the Brattle Group. This period marked a significant shift in auditor oversight, particularly following leadership changes at both agencies. "After several months of uncertainty, the third quarter of 2025 marked a defining inflection point for auditor oversight in the United States," the report said. The PCAOB initiated 32 actions during this quarter, but most penalties were imposed before the resignation of former chair Erica Williams. The report also highlighted ongoing challenges, including constitutional issues affecting the SEC and PCAOB's authority. Additionally, the report noted that from Q1 to Q3 2025, total monetary sanctions against auditors amounted to $17.7m, a significant decrease from $51.1m in the same period of 2024.
Full Issue