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Recent Editions
North America
Human Times
PwC global chairman Mohamed Kande says the growth of artificial intelligence may eventually lead to fewer entry-level graduates being hired, although he said AI was not behind recent job cuts at the firm. In 2021, PwC said it wanted to hire 100,000 people over the course of five years, but Kande said this would no longer be possible. "When we made the plans to hire that many people, the world looked very, very different," he said. "Now we have artificial intelligence. We want to hire, but I don't know if it's going to be the same level of people that we hire - it will be a different set of people." Kande noted that PwC actually needed to hire hundreds of new AI engineers but was struggling to find them.
Full Issue
UK
Human Times
PwC global chairman Mohamed Kande says the growth of artificial intelligence may eventually lead to fewer entry-level graduates being hired, although he said AI was not behind recent job cuts at the firm. In 2021, PwC said it wanted to hire 100,000 people over the course of five years, but Kande said this would no longer be possible. "When we made the plans to hire that many people, the world looked very, very different," he said. "Now we have artificial intelligence. We want to hire, but I don't know if it's going to be the same level of people that we hire - it will be a different set of people." Kande noted that PwC actually needed to hire hundreds of new AI engineers but was struggling to find them.
Full Issue
USA
Education Slice
Special education advocates have encouraged families to continue lodging federal civil rights complaints amid staffing reductions and restructuring at the Department of Education, which have weakened the Office for Civil Rights (OCR). Despite confusion and delays, advocates warn that fewer complaints could justify further cuts. The OCR received 25,000 complaints in 2024, a third of which related to disability rights. Critics of the Trump administration’s overhaul, including regional office closures and attempted layoffs, say the changes undermine enforcement of laws like the Individuals with Disabilities Education Act and Section 504 of the Rehabilitation Act. Future plans may see key responsibilities moved to other agencies, raising further concerns about continuity and oversight.
Full Issue
USA
Accountancy Slice
The global fund management industry is on track to reach $200tn in assets by 2030, up from $139tn last year, with private markets poised to account for more than half of revenues, according to a report by PwC. The asset- and wealth-management industry will take in about $432bn in revenue from private assets in 2030, exceeding the totals for traditional actively managed investments and for passive products, the consultancy found. “The winners won’t be those who gather the most assets, but those who rewire the fastest,” Albertha Charles, global asset and wealth management leader at PwC UK, said Monday in a report that surveyed 300 global firms and investors.
Scotland
Legal Matters Scotland
New plans outlined by the Home Secretary will see migrants barred from claiming benefits until they have been granted British citizenship. Shabana Mahmood said: "Migration will always be a vital part of Britain’s story. But the scale of arrivals in recent years has been unprecedented. To settle in this country forever is not a right, but a privilege, and it must be earned." Migrants are currently eligible for benefits as soon as they gain settled status – which takes about five years – but the new rules mean migrants will face a wait of up to 30 years to be granted settled status, after which time they will have to apply for citizenship before they can claim benefits. This could take another one to three years. However, people earning more than £125,140 and those on global talent and innovator founder visas will be able to settle after three years, while people earning more than £50,270 will have a five-year path. "I am replacing a broken immigration system with one that prioritises contribution, integration and respect for the British sense of fair play," Mahmood explained. The plans were opposed by the Refugee Council, which said they "would risk trapping people who have fled war and persecution in three decades of instability and stress at the very moment they need certainty to rebuild their lives."
Full Issue
North America
Legal Slice
Meta allegedly shut down internal research after findings showed Facebook deactivation reduced user anxiety, depression, and loneliness, according to unsealed court documents. A 2020 study called “Project Mercury” revealed causal links between Facebook use and negative mental health outcomes, but Meta reportedly dismissed the results and halted further study. The revelations are part of a broader lawsuit by U.S. school districts claiming Meta and other platforms hid product risks and targeted children. Meta denies wrongdoing, with spokesperson Andy Stone calling the allegations “misinformed opinions” and saying safety efforts are “broadly effective.”
Full Issue
Europe
Risk Channel
Europe’s economy is “geared towards a world that is gradually disappearing” and the EU needs reforms to spur growth, according to a warning from Christine Lagarde, president of the European Central Bank (ECB). Lagarde said the EU’s dependence on international trade had left it vulnerable, as major partners had turned away from the trade that made the bloc’s exporters wealthy. Speaking at the European Banking Congress, she said that protectionist measures and China's control over critical materials threaten growth, and proposed lowering trade barriers within the EU and adopting qualified majority voting on tax to enhance market access for smaller companies. Despite these challenges, Lagarde acknowledged strengths including resilient labour market and increased digital investment.
North America
CFO Slice
PwC global chairman Mohamed Kande says the growth of artificial intelligence may eventually lead to fewer entry-level graduates being hired, although he said AI was not behind recent job cuts at the firm. In 2021, PwC said it wanted to hire 100,000 people over the course of five years, but Kande said this would no longer be possible. "When we made the plans to hire that many people, the world looked very, very different," he said. "Now we have artificial intelligence. We want to hire, but I don't know if it's going to be the same level of people that we hire - it will be a different set of people." Kande noted that PwC actually needed to hire hundreds of new AI engineers but was struggling to find them.
Full Issue