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Recent Editions
North America
Human Times
The U.S. Federal Trade Commission is scrutinizing big tech firms that hire employees of a start-up instead of buying the companies outright. The growing practice is seen as a way to sidestep antitrust review. "We are beginning to examine these acqui-hires to make sure they are not an attempt to get around" the agency’s merger review process, FTC chairman Andrew Ferguson said in an interview with Bloomberg Television. He blamed the Biden administration's aggressive antitrust enforcement for encouraging companies to increase the practice.
Full Issue
UK
Human Times
One in ten business leaders avoids meeting junior colleagues due to fears of false allegations, according to a YouGov survey by global investigations firm Nardello & Co. The study revealed that 25% of leaders consider reputational damage a top concern, with 20% worried about managing wrongful allegations. Alan Kennedy, managing director at Nardello, noted that advancements in AI complicate the challenge of false narratives. Additionally, 42% of businesses are concerned about the reputational impact of data breaches, while 30% cite financial crime as a major threat. Joseph Pochron at Nardello points out that the UK Cyber Security and Resilience Bill, which is expected to be enforced later this year, will force organisations to adopt risk-based cybersecurity measures.
Full Issue
USA
Education Slice
The Trump administration's funding cuts have significantly impacted K-12 education, disrupting over $12bn in federal allocations. Education Week reports that the U.S. Department of Education canceled more than 730 grants worth at least $2.2bn across various programs. Lindsey Burke, deputy chief of staff for policy and programs at the Education Department, said: "We are using those dollars to reinvest in better projects that are really serving students better." The cuts have affected numerous initiatives, including special education and mental health services, leading to job losses for educators and halted projects. Despite pushback from lawmakers and ongoing legal challenges, the administration has shown little inclination to reverse its funding disruptions, raising concerns about the long-term effects on educational institutions.
Full Issue
USA
Accountancy Slice
The Fiscal State of the Nation Act, supported by AICPA, aims to enhance fiscal transparency by requiring the Comptroller General of the United States to present an annual report to Congress. The briefing would enable the legislators to focus on key elements of the federal government’s consolidated financial statements, including “financial and sustainability measures." Mark Koziel, president and chief executive of AICPA, stated: “Our nation's fiscal health is essential to sustaining long-term economic strength and national stability.” A survey by The Harris Poll found that 81% of Americans favor an annual report on the nation's audited financial statements, with 89% believing elected officials should understand long-term financial obligations. AICPA emphasizes the importance of clear financial information for informed policymaking and urges Congress to advance this bipartisan legislation.
Full Issue
Scotland
Legal Matters Scotland
Scottish Labour leader Anas Sarwar has pledged to introduce "Milly’s Law" following a major admission by NHS Greater Glasgow and Clyde that hospital environments were causally linked to infections. The Scottish Hospitals Inquiry is examining the Queen Elizabeth University Hospital and the Royal Hospital for Children in Glasgow after deaths including that of ten-year-old cancer patient Milly Main. NHSGGC now accepts that problems with the hospital water system were more likely than not connected to bloodstream infections between 2016 and 2018, reversing its earlier stance. Sarwar described the admission as a turning point, accusing NHS managers and SNP ministers of failing families and whistleblowers. Milly’s Law would create an independent public advocate with powers to investigate serious healthcare incidents and establish accountability.
Full Issue
North America
Legal Slice
Alphabet's Google has asked a judge to defer making the company share data with rivals while it challenges a 2024 ruling that it used unlawful tactics to maintain its dominance in online search. U.S. District Judge Amit Mehta in Washington at the time went too far in seeking to level the playing field by ordering the company to share its data with competitors such as generative artificial intelligence companies, Google said. "Although Google believes that these remedies are unwarranted and should never have been imposed, it is prepared to do everything short of turning over its data or providing syndicated results and ads while its appeal is pending," the company said.
Full Issue
Europe
Risk Channel
EU leaders are considering hitting the US with a €93bn ($107.7bn) package of tariffs in response to Donald Trump’s threats to Nato allies opposed to his campaign to take over Greenland. Another option that will be discussed at an emergency summit in Brussels on Thursday is the to date never-used 'Anti-Coercion Instrument' (ACI), which could limit access to public tenders, investments or banking activity or restrict trade in services, in which the US has a surplus with the bloc, including in digital services. "I'm convinced that [Europe] must not give in," observed Jérémie Gallon, a former French diplomat and current senior managing director at McLarty Associates, a Washington-based international strategic advisory firm. "Resisting a new attempt at humiliation and vassalisation is the only way Europe can finally assert itself as a geopolitical actor."
Full Issue
North America
CFO Slice
EU leaders are considering hitting the US with a €93bn ($107.7bn) package of tariffs in response to Donald Trump’s threats to Nato allies opposed to his campaign to take over Greenland. Another option that will be discussed at an emergency summit in Brussels on Thursday is the to date never-used 'Anti-Coercion Instrument' (ACI), which could limit access to public tenders, investments or banking activity or restrict trade in services, in which the US has a surplus with the bloc, including in digital services. "I'm convinced that [Europe] must not give in," observed Jérémie Gallon, a former French diplomat and current senior managing director at McLarty Associates, a Washington-based international strategic advisory firm. "Resisting a new attempt at humiliation and vassalization is the only way Europe can finally assert itself as a geopolitical actor."
Full Issue