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Recent Editions
North America
Human Times
California tech company Cloudflare is laying off 20% of its workforce, equating to approximately 1,100 employees, as it adapts to a significant increase in artificial intelligence usage among staff. “The way we work at Cloudflare has fundamentally changed,” Chief Executive Matthew Prince and Chief Operating Officer Michelle Zatlyn told employees in an e-mail. “We don't just build and sell AI tools and platforms. We are our own most demanding customer.” The email said that in the last three months, its use of AI has increased more than 600%. Employees in various roles in HR, engineering, finance and marketing are running “thousands of AI agent sessions each day to get their work done,” and the company has to be “intentional” as it prepares for the “agentic AI era,” the email said.
Full Issue
UK
Human Times
Two-thirds of employers have expressed concern that the overuse of AI in job applications misrepresents the skills of young graduates. The Institute of Student Employers found that 67% of employers worry about AI skewing perceptions of graduates' abilities, up from 48% last year. The institute's annual development survey report said: "As AI tools become more widely available employers appear increasingly concerned about whether candidates' applications, assessments or interview responses fully reflect their individual skills and capabilities. This raises broader questions about the reliability of traditional selection methods and highlights the need for organisations to adapt recruitment processes to account for the growing use of generative AI." Employers also noted "readiness gaps" in graduates in their motivation and self-awareness, as well as wider contextual understanding, planning and organisational abilities.
Full Issue
USA
Education Slice
K–12 schools are increasingly developing digital resilience strategies as growing reliance on cloud-based systems leaves districts vulnerable to ransomware attacks, severe weather, and technology outages that can disrupt learning and school operations. Education and technology experts say districts should focus on continuity planning rather than attempting to fully replicate cloud platforms locally. Recommended measures include building network redundancies, adding backup internet providers, protecting critical infrastructure with backup power systems, and ensuring key applications and devices can function offline when connectivity is lost. Technology providers including Microsoft and Arista Networks said schools should enable offline access for classroom devices, allowing students and teachers to continue working even during internet disruptions. Once connectivity returns, files and applications can automatically sync back to cloud platforms. Experts also emphasized the importance of testing contingency plans regularly and preparing for the “re-entry” phase after outages, ensuring students and educators can quickly resume lessons, communications, and administrative work without losing momentum.
Full Issue
USA
Accountancy Slice
A U.S. federal trade court has ruled that President Donald Trump unlawfully used Section 122 of the Trade Act of 1974 to impose 10% global tariffs introduced earlier this year after the Supreme Court blocked his broader worldwide tariff regime. The divided three-judge panel at the U.S. Court of International Trade found that the statute did not give the president authority to implement the tariffs in the manner proposed, with two judges ruling in favor of the plaintiffs and one dissenting. The court barred the administration from collecting the tariffs from Washington state and the two companies that brought the legal challenge, spice importer Burlap & Barrel and toy maker Basic Fun!, although the ruling does not currently apply nationwide. Legal experts said the decision nevertheless creates an important precedent that other importers could use to seek similar relief. The tariffs had been introduced under Section 122, a Nixon-era provision allowing temporary import surcharges of up to 15% in response to serious balance-of-payments issues. Critics argued the law was never intended to support broad modern tariff policies tied to long-running trade deficits. The Trump administration is expected to appeal the decision.
Full Issue
Scotland
Legal Matters Scotland
Council leaders have approved a 50% increase to the local government contribution to the redress scheme for survivors of historical child abuse in council-run residential care facilities for children and young people. A spokesperson for COSLA has said the previously-agreed £100m sum to be contributed by councils will now increase to a cap of £150m. "As part of the agreement to an uplift", they added, "local government emphasised that there needed to be operational improvements to the scheme, in order to streamline the process and improve the survivor journey." The Mail notes that the payments will come from councils' Scottish Government funding, and are expected to continue until 2036.
Full Issue
North America
Legal Slice
A U.S. federal trade court has ruled that President Donald Trump unlawfully used Section 122 of the Trade Act of 1974 to impose 10% global tariffs introduced earlier this year after the Supreme Court blocked his broader worldwide tariff regime. The divided three-judge panel at the U.S. Court of International Trade found that the statute did not give the president authority to implement the tariffs in the manner proposed, with two judges ruling in favor of the plaintiffs and one dissenting. The court barred the administration from collecting the tariffs from Washington state and the two companies that brought the legal challenge, spice importer Burlap & Barrel and toy maker Basic Fun!, although the ruling does not currently apply nationwide. Legal experts said the decision nevertheless creates an important precedent that other importers could use to seek similar relief. The tariffs had been introduced under Section 122, a Nixon-era provision allowing temporary import surcharges of up to 15% in response to serious balance-of-payments issues. Critics argued the law was never intended to support broad modern tariff policies tied to long-running trade deficits. The Trump administration is expected to appeal the decision.
Full Issue
Europe
Risk Channel
Commerzbank has said it plans to cut 3,000 jobs to help it reach more ambitious profit targets as part of a strategy to fend off a mooted takeover by Italian lender UniCredit. "UniCredit’s communicated plan remains vague and bears considerable execution risks, while using misleading narratives that discredit Commerzbank," the German lender said about UniCredit's recent move to officially launch its takeover attempt at a below-market price of €37bn ($43.43bn).
Full Issue
North America
CFO Slice
U.S. employers added a stronger-than-expected 115,000 jobs in April despite economic disruption caused by the Iran war and surging energy prices, while the unemployment rate held steady at 4.3%. Healthcare led hiring gains with 37,000 new jobs, followed by retail with 22,000, while manufacturers cut 2,000 positions and have shed 66,000 jobs over the past year despite protectionist policies aimed at boosting factory employment. The labor market has so far remained resilient even as the conflict disrupted global oil supplies and pushed U.S. gasoline prices above $4.50 per gallon. Average hourly earnings rose 0.2% month over month and 3.6% year over year, remaining broadly consistent with the Federal Reserve’s inflation target. Economists said demographic shifts, including Baby Boomer retirements and tighter immigration policies, have reduced the number of jobs needed each month to maintain stable unemployment levels. Healthcare hiring has continued to dominate the labor market, adding 456,000 jobs over the past year, while most other sectors combined have reduced staffing. Although hiring slowed from March’s revised 185,000 gain, the report suggested the U.S. labor market remains relatively stable despite weaker global growth expectations and elevated energy costs tied to the Iran conflict.