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Recent Editions

North America
Human Times
A federal judge in San Francisco has ruled that Anthropic's use of books to train its AI system was legal under the fair use doctrine. The decision follows a lawsuit brought last year against the AI firm by three authors, including best-selling mystery thriller writer Andrea Bartz, who accused it of stealing work to train its Claude AI model and build a multi-billion dollar business. In his ruling, Judge William Alsup said Anthropic's use of the authors' books was "exceedingly transformative" and therefore allowed under U.S. law. But he rejected Anthropic's request to dismiss the case, ruling the firm would have to stand trial over its use of pirated copies to build its library of material. In a statement, Anthropic said it was pleased by the judge's recognition that its use of the works was transformative, but disagreed with the decision to hold a trial about how some of the books were obtained and used.
Full Issue
UK
Human Times
An employment tribunal in east London has ruled that pointing out that an employee’s work is messy and mistake-ridden is not harassment. The ruling came in the case of Thomas Shevlin, a senior HR operations manager at publishing firm John Wiley & Sons, who claimed he was left “devastated, hurt and profoundly upset” after he was told by his boss that his work was messy and required improvement. Shevlin said that any errors were a result of his ADHD and accused Rebecca Roycroft of discrimination and harassment. The tribunal disagreed. Employment judge David Massarella said: “The making of spelling and grammar errors in professional documents is, self-evidently, a weakness . . . We consider that [Shevlin's] response, and that sense of grievance, to be unjustified having regard these anodyne comments. In our judgment, there was no unfavourable treatment. If a manager cannot be explicit about a weakness in performance, there is a risk that an entirely well meant warning will not be taken onboard by the employee.”
Full Issue
USA
Education Slice
Thousands of rural schools across the U.S. are facing significant financial challenges due to declining student enrollment and cuts to federal funding. According to a report by the Center for American Progress, "the disparities rural students face in accessing core and advanced coursework highlight deeply rooted issues of locational, economical, and educational inequities." Approximately 20% of public school students attend rural schools, where many are eligible for free and reduced meals. The Secure Rural Schools Act, which provides crucial funding to rural districts, is at risk of being discontinued, potentially leading to layoffs and program cancellations. Additionally, the Trump administration's proposed budget includes severe cuts to programs that support rural education, further complicating the situation. Despite these challenges, advocates emphasize the resilience of rural communities and the need for innovative solutions to ensure equitable education for rural students.
Full Issue
USA
Accountancy Slice
President Donald Trump has urged Republicans to ensure that the One Big Beautiful Bill Act is sent to the Oval Office for his signature by July 4th. Senate Republican leaders are currently revising their version in advance of potential votes later this week. The bill must then pass the House, with any changes there requiring a further Senate vote. Lawmakers are scheduled to leave Washington for a recess next week but signaled they were prepared to stay to finish the bill. “No one goes on vacation until it’s done,” Trump said in a Truth Social post on Tuesday. House Speaker Mike Johnson (R-LA) said Tuesday that “If the Senate does its work on the timeline we expect, we will do our work as well. And I think everybody’s ready for that." Senate Majority Leader John Thune (R-SD) wants his chamber’s “vote-a-rama” to begin as soon as Thursday, though other GOP senators said the timeline could slip, potentially into the weekend.
Full Issue
Scotland
Legal Matters Scotland
Lord Advocate Dorothy Bain has defended the presumption against prosecuting children accused of rape, stating it aims to balance support for vulnerable youths with community safety. During a session with Holyrood's public petitions committee, she acknowledged concerns that the policy may be "out of kilter with public opinion." Bain emphasised that while the presumption is for all children, it is rebuttable when public interest demands prosecution. She stated: "The more serious the offence, the more likely it is that the offence is prosecuted in court." The discussion follows a campaign urging that under-16s charged with rape be treated as adults in the justice system. Bain reiterated that serious sexual offences are treated with utmost seriousness by the Crown Office and Procurator Fiscal Service.
Full Issue
North America
Legal Slice
A federal judge in San Francisco has ruled that Anthropic's use of books to train its AI system was legal under the fair use doctrine. The decision follows a lawsuit brought last year against the AI firm by three authors, including best-selling mystery thriller writer Andrea Bartz, who accused it of stealing work to train its Claude AI model and build a multi-billion dollar business. In his ruling, Judge William Alsup said Anthropic's use of the authors' books was "exceedingly transformative" and therefore allowed under U.S. law. But he rejected Anthropic's request to dismiss the case, ruling the firm would have to stand trial over its use of pirated copies to build its library of material. In a statement, Anthropic said it was pleased by the judge's recognition that its use of the works was transformative, but disagreed with the decision to hold a trial about how some of the books were obtained and used.
Full Issue
Europe
Risk Channel
The Bank for International Settlements (BIS) has issued a warning regarding the risks associated with stablecoins and urged countries to accelerate the tokenisation of their currencies. The BIS highlighted concerns such as the potential for stablecoins to undermine monetary sovereignty and the risk of capital flight from emerging markets. "Stablecoins as a form of sound money fall short, and without regulation pose a risk to financial stability and monetary sovereignty," the BIS said in an early chapter of its annual report. The BIS advocates for a tokenised "unified ledger" system that integrates central bank reserves and commercial bank deposits, aiming to enhance payment efficiency and transparency.
Full Issue
North America
CFO Slice
Aflac, a leading U.S. insurance provider, has reported a cyberattack that compromised customer personal information, including Social Security numbers and health data. The breach, identified on June 12, affected not only customers but also beneficiaries, employees, and agents. Aflac said that the incident was not linked to ransomware but was executed by a cybercrime group targeting the insurance sector. John Hultquist, chief analyst at Mandiant, Google's threat intelligence unit, noted that the hackers, associated with Scattered Spider, utilize social engineering tactics to infiltrate networks. Aflac, which serves around 50m customers, joins other insurers facing similar threats amid rising cyberattacks in the industry, with Erie Insurance and Philadelphia Insurance recently reporting incidents. The average cost of a data breach was $9.36m in 2024, which remains the highest average among the 16 countries and regions studied, according to IBM research. Cyber risks can manifest in many ways, and CFOs are uniquely positioned to quantify these risks and estimate the cost of incidents. By collaborating closely with chief information security officers, CFOs can better understand risk probability and exposure, set spending and ROI metrics, and communicate recommendations for prioritizing cybersecurity investments.
Full Issue