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Recent Editions

North America
Human Times
The number of Americans filing new applications for jobless benefits unexpectedly fell to a seven-week low last week, the Labor Department reported on Thursday, suggesting employers may be holding on to workers despite other indications of a cooling labor market and creating no urgency for the Federal Reserve to resume its interest rate cuts. initial claims fell for a fourth straight week in the seven days to July 5th, slipping 5,000 to a seasonally-adjusted 227,000. Economists were expecting claims to move higher to 238,000, according to FactSet. The four-week moving average fell to 235,500, the lowest since late May, while continuing claims, reported with a one-week lag, rose by 10,000 to 1.965m. “It’s difficult to find a new job right now. Young people are struggling to get their first jobs and anyone who has been laid off is having a hard time landing their next role,” Heather Long, chief economist at Navy Federal Credit Union, wrote Thursday. “The labor market is frozen outside of healthcare, education and law enforcement jobs. Hiring is anemic in other sectors as companies remain cautious in this environment.”

UK
Human Times
GPs will pilot a scheme replacing automatic sick notes with tailored support to help patients stay employed. Health Secretary Wes Streeting criticised the current approach as a “bureaucratic dead end,” noting that 93% of the 11m fit notes issued last year declared patients unfit without offering alternatives. Under the £64m WorkWell scheme, 15 regions will fund in-practice teams, including employment advisers and social prescribers, to assist patients. “We simply can’t afford to keep writing people off,” said Streeting, highlighting the pilot's aim to reduce economic inactivity linked to health issues. The initiative will include physiotherapy, counselling, and even gym memberships to support physical and mental health. It also empowers non-GP staff, such as occupational therapists, to issue fit notes, aiming to reduce GP workload and guide more people back into employment with appropriate accommodations.
Full Issue
USA
Education Slice
The Trump administration is moving to restrict access for undocumented students to federally funded early childhood, dual-enrollment, and postsecondary career and technical education programs. This initiative, led by the U.S. departments of Education and Health and Human Services, aims to classify these programs as similar to welfare, thereby excluding undocumented immigrants. Education Secretary Linda McMahon said: “The department will ensure that taxpayer funds are reserved for citizens and individuals who have entered our country through legal means.” Critics, including Julie Sugarman from the Migration Policy Institute, warn that these changes could create a chilling effect on families seeking educational opportunities. The new rules could significantly impact programs like Head Start, which has historically been open to all children meeting federal requirements. “This decision undermines the fundamental commitment that the country has made to children and disregards decades of evidence that Head Start is essential to our collective future,” commented the National Head Start Association in a Thursday statement. “Attempts to impose such a requirement threaten to create fear and confusion among all families who are focused on raising healthy children, ready to succeed in school and life.”
Full Issue
USA
Accountancy Slice
Canadian goods imported into the U.S. will face a blanket 35% tariff starting next month, President Trump said Thursday, in an announcement that came in the midst of active trade negotiations between the two countries. However, an exemption for goods that comply with the nations’ free-trade agreement, the U.S.-Mexico-Canada Agreement, would still apply, according to a White House official. “If Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter," Mr. Trump said in the letter to Canada Prime Minister Mark Carney. “These Tariffs will be modified, upward or downward, depending on our relationship with your Country. You will never be disappointed with the United States of America."
Full Issue
Scotland
Legal Matters Scotland
New Scottish Government figures published as part of the Recorded Crime in Scotland, 2024-25 report have revealed that crime rates fell marginally across Scotland last year, with a total of almost 300,000 crimes recorded over the year. Justice Secretary Angela Constance said the figures "show that Scotland continues to be safe place to live with reported crime falling by more than half since 1991", particularly following "the flagship Scottish Crime and Justice Survey which also showed people feel safer in their communities". Ms Constance added that she is "concerned these figures also show a rise in reported sexual crimes. Multiple factors will lie behind this and our action to tackle sexual offending includes increasing confidence in the justice system so more victims come forward, improving support for victims and modernising the law on sexual offences."
Full Issue
North America
Legal Slice
U.S. Senate Democrats have released internal Justice Department communications that support allegations made by whistleblower Erez Reuveni against President Trump's judicial nominee, Emil Bove. Reuveni claimed that Bove suggested department lawyers could ignore court orders to facilitate mass deportations. During his confirmation hearing, Bove denied these allegations, stating: "I am not anybody's henchman." However, the released texts indicate that Bove's comments were discussed among colleagues, raising concerns about the Justice Department's compliance with court orders. Senator Dick Durbin expressed his worries, stating that the documents "underscored his deep concerns about Bove's nomination" and revealed that the DOJ "misled a federal court and disregarded a court order." The situation continues to develop as the Senate evaluates Bove's nomination.
Full Issue
Europe
Risk Channel
The UK’s position as a financial services leader is under threat, with a poll from the CRIF showing that almost half of senior financial professionals believe the UK’s dominance is declining and more than 40% would no longer consider the country a global leader in the industry. Over 30% of those polled said missed investment was driving the downturn. Analysis from KPMG shows that fintech investment fell by 27% to £7.9bn in 2024, from £10.1bn in 2023. Sara Costantini, regional director for the UK & Ireland at the CRIF, warned: "Without decisive action, new markets will continue to catch-up with and challenge London’s long-held crown as a leader in financial services."
Full Issue
North America
CFO Slice
Canadian goods imported into the U.S. will face a blanket 35% tariff starting next month, President Trump said Thursday, in an announcement that came in the midst of active trade negotiations between the two countries. However, an exemption for goods that comply with the nations’ free-trade agreement, the U.S.-Mexico-Canada Agreement, would still apply, according to a White House official. “If Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter," Mr. Trump said in the letter to Canada Prime Minister Mark Carney. “These Tariffs will be modified, upward or downward, depending on our relationship with your Country. You will never be disappointed with the United States of America."
Full Issue