17 August 2026By Malin Andersson, Johannes Breckenfelder, Stefano Corradin, Kalin Nikolov and Maria Antonietta Viola The rise of AI has driven a blistering rally in the tech sector, bringing stock market valuations to levels last seen during the dot-com bubble. Although AI is reshaping the economy, do today’s high valuations bear the risk of an abrupt and painful setback in the euro area? Valuations on the US stock market, as…
This last possibility became real with the recent weakness of the yen, prompted by many factors including rises in US interest rates in the wake of the post-pandemic inflationary tide, the requirements of the carry trade – borrowing cheaply in yen to engage in leveraged speculation on US markets, which requires yen to remain cheap even after Japan transitioned to positive interest rates – and by rising inflation making critical…
The Ontario Superior Court of Justice’s decision in Barrie & District Association of Realtors v Information Technology Systems Ontario, 2025 ONSC 3388, confirms that Ontario not-for-profit corporations may update their membership criteria, even where the changes could affect an existing member’s ability to remain a member. The decision is useful for boards because it explains when courts will defer to internal governance decisions under the Ontario Not-for-Profit Corporations Act, 2010…
The Reporter provides a monthly summary of Canadian federal legislative and regulatory developments of relevance to federally regulated financial institutions. It does not address Canadian provincial financial services legislative and regulatory developments. In addition, purely technical and administrative changes (such as changes to reporting forms) are not covered. May 2026 Published Title and Brief Summary Status (if applicable) Office of the Superintendent of Financial Institutions (OSFI) May 21, 2026 Draft…
The Reporter provides a monthly summary of Canadian federal legislative and regulatory developments of relevance to federally regulated financial institutions. It does not address Canadian provincial financial services legislative and regulatory developments. In addition, purely technical and administrative changes (such as changes to reporting forms) are not covered. June 2026 Published Title and Brief Summary Status (if applicable) Office of the Superintendent of Financial Institutions (OSFI) June 25, 2026 Streamlined…
Quick Hits The EEOC held a hearing that drew testimony from a broad range of stakeholders on the Commission’s proposal to rescind the EEO-1 through EEO-6 information collections and related recordkeeping and record preservation requirements. Both employer-side and employee-side speakers warned that eliminating standardized reporting may not reduce employers’ overall data obligations; the same information may still be sought through investigations, subpoenas, and litigation. Employer groups underscored that the proposal…
Climate scientists and policymakers have long warned of a dangerous threshold: If global temperatures rise more than 1.5 degrees Celsius above preindustrial averages, we risk devastating consequences, including severe flooding, heat waves, and drought. Yet surpassing that grim marker now seems almost inevitable.One potential way to keep the harms of climate change at bay is geoengineering—deliberate intervention in the Earth’s climate system. The most widely studied form of geoengineering, called…
14 August 2026By Maria Grazia Attinasi, Lukas Boeckelmann, Isabella Moder, Til Pommer and Tajda SpitalWidening global imbalances draw attention to policies shaping international trade. Using firm-level data, the ECB blog compares government support in China, the United States and the euro area. We find that subsidies drive Chinese exports in strategically important sectors.Concerns about imbalances in the flow of goods and money have recently resurfaced.[1] The main cause of global…
A practical framework for turning marketing reports into better commercial decisions By Themis Christou | Co-Founder, Uveler Marketing Marketing measurement should help a leadership team decide what to fund, what to fix and what to stop. Too often, it does none of those things. Executives receive dashboards filled with impressions, clicks, engagement rates and channel summaries, yet still cannot answer a basic commercial question: is marketing creating profitable demand? This…
On August 9, 2026, Syria and Russia signed a memorandum of understanding which resolved the fate of Russian military bases in Khmeimim and Tartus. The bases will be converted into joint training centres, and control of the civilian infrastructure will be transferred to Damascus. News reports have heralded a “compromise” and a “new chapter”. This is all true, but it’s not the whole truth, as, in our view, the truth…
Why high-performing organisations will be built by design, not by chance. The future of work isn’t being shaped by technology alone. As AI, demographic change and evolving workforce expectations transform organisations, leaders must rethink operating models, culture, leadership and capability together. Download the full insights below to explore how organisations can create the conditions for sustainable organisational performance in an increasingly complex and fast-changing world. Reading time: 6 minutes Every organisation is asking the same questions.…
After years of rulemakings, filing deadlines, court challenges, injunctions, extensions, and client alerts, the Corporate Transparency Act (“CTA”) appears to have reached its conclusion for most US businesses. On August 11, 2026, the Financial Crimes Enforcement Network (“FinCEN”) released a final rule adopting, with limited changes, the March 2025 interim final rule narrowing the CTA’s BOI reporting requirements. Most importantly, the final rule permanently removes BOI reporting requirements for US…
Quick Hits The National Oceanic and Atmospheric Administration (NOAA) predicts below-normal hurricane activity for 2026 but emphasizes that employers should prepare before storms threaten. Federal wage and hour rules are not suspended during natural disasters. Airport closures, flight cancellations, and ground stops can strand traveling employees and trigger unexpected wage obligations. Although NOAA forecasts a below-normal hurricane season—with a 55 percent chance of below-normal activity and only a 10 percent…
Quick Hits On August 6, 2026, President Trump issued two executive orders aimed at limiting birthright citizenship under certain circumstances and ending “birth tourism.” The first executive order expands the recognized exceptions to birthright citizenship, narrowing who qualifies for U.S. citizenship at birth. The second executive order directs the State Department and DHS to deny or revoke nonimmigrant visas when there is reason to believe the purpose of travel is…
The military strategy of the US administration has reached an impasse. The chaotic alternation of military strikes and ceasefires has had no effect whatsoever on Iran’s firmly stated determination to pursue its objectives. The Hormuz trap, at least for the time being, provides the necessary conditions for it to do so, writes Alexander Maryasov. The escalation of US armed aggression against Iran, accompanied by the serious weakening of regional pro-Iranian…
Your organisation has changed. Just not in the way your strategy needed. Many organisations have become better at strategy but still struggle to turn ambition into results. The problem may lie in how the organisation itself is designed. We explore why traditional restructuring falls short, how organisational systems constrain performance, and how leaders can diagnose what really needs to change. Reading time: 6 minutes For many organisations today, strategy is…
Quick Hits The Office of Management and Budget (OMB), through the Office of Information and Regulatory Affairs (OIRA), has renewed Form CC-305, which invites applicants and employees of covered contractors to identify their disability status through July 31, 2029. The renewal means covered contractors subject to Section 503 self-identification requirements should continue using the OMB-approved form bearing the new expiration date. On July 16, 2026, OMB approved Form CC-305 (Voluntary…
Developing treatments for rare diseases presents many challenges: small patient populations, fragmented data and long, complex paths to new therapies. But rare doesn’t mean few. More than 400 million people worldwide live with a rare disease, yet about 95% of the 10,000+ rare diseases don’t have an approved treatment.To help change that, Carnegie Mellon University is a founding partner in a Pittsburgh-based partnership that brings together leaders in medicine, biotechnology…
Breathing Emergency Detection calls emergency services when you stop breathing so you can get potentially life-saving care.
Quick Hits DHS has proposed a rule to eliminate the sixty-day grace period afforded to certain nonimmigrants, such as E, H-1B, H-1B1, L-1, and TN visa holders and their dependents. The full text of the proposed rule has not yet been published, and its exact details remain unknown. The rule is undergoing review by OMB before being published in the Federal Register for notice and comment. The sixty-day grace period…
Despite national efforts to improve acute kidney injury (AKI) care, thousands of patients in England are missing vital follow-up care after leaving hospital, according to new research by The University of Manchester.The kidneys have a vital role in continuously clearing toxins from the body. AKI is a common clinical syndrome in which the kidneys stop working properly. It affects up to 1 in 5 people in hospital, usually as a…
2-minute read When work gets busy, our instinct is often to push harder: focus more, apply more discipline, reach for another coffee. But what if sustainable productivity is less about willpower and more about understanding how our energy actually works? That was at the heart of Q5’s webinar with Clemence Cleave and Julie Newman, exploring personal productivity and resilience through the lens of how our bodies and brains actually work. Rethinking productivity and energy at…
Quick Hits California SB 1203 would increase required initial security guard training from thirty-two hours to forty-two hours and require sixty hours of annual training. The bill would require eight hours of initial and annual training to focus on practicing de-escalation skills through in-person, interactive training. Employers would be required to pay for required training and compensate security guards for time spent completing the training. The proposed requirements may also…
This commentary originally appeared in K. Sudhir’s Substack newsletter The Slow Part. The views expressed are the author’s own.Many senior people are noticing the same thing lately: their junior staff are doing better work than ever—cleaner drafts, faster models, fewer mistakes—because AI now handles the grinding first pass, the rough draft that used to eat a junior’s week. And then, often in the same breath, comes the hesitation: they’re not…
A new study has found that sexual role identities among men who have sex with men vary systematically by age and geographic region.Written by Dr Morten Thomsen, University of Oxford; Dr Francesco Rampazzo, The University of Manchester and Associate Member, University of Oxford; and Milan Kovačič; the paper argues that these labels are shaped by social and cultural contexts rather than being fixed or universal.The findings challenge assumptions that younger…
Unequal benefits and risksResearchers Nathan Critch and Darcy Luke say years of short-term and fragmented policymaking by successive governments have left the UK with significant infrastructure and capacity gaps which could undermine Labour’s plans.The Government’s AI Opportunities Action Plan includes plans to increase UK AI computing capacity twentyfold by 2030, develop AI Growth Zones, establish a National Data Library and expand the use of AI across government and the wider…
The Google AI Professional Certificate is now the most popular gen AI program on Coursera, and we are expanding it with vibe coding.
A University of Manchester led national initiative aims to connect people with lived experience, industry, researchers and the NHS to transform mental health innovation across the UK.The Mental Health Digital Innovation (MHDI) workstream has been launched as one arm of the UK Government’s Mental Health Goals Programme as a new national initiative designed to accelerate the infrastructure and development to support adoption of digital technologies that improve mental health outcomes…
As the uncertainty of the contemporary international landscape makes us look back on the Cold War-era international system with a certain admiration and nostalgia, it must be pointed out that the 1946-1991 epoch was no time of peace. Timofei Bordachev, Programme Director of the Valdai Discussion Club, explores the nature of the Soviet-American competition and its relevance for world affairs in our day and age. This year, 2026, marks the…
Just hours after publication of our earlier alert, USCIS issued updated guidance confirming that Temporary Protected Status (TPS) for both Burma (Myanmar) and South Sudan is terminated effective August 7, 2026. USCIS stated that TPS-based Employment Authorization Documents (EADs) issued under categories A12 and C19 for beneficiaries from both countries are no longer valid, and employers must reverify affected employees who previously presented those documents. The announcements supersede all prior…
Quick Hits In Adelanto Elementary School District v. Krause, a California appellate court upheld the bulk of a restraining order against a former school district superintendent who later was elected to the school district’s board of trustees. The court found the former superintendent exhibited a pattern of stalking and harassing texts that were “alarming and frightening” to employees. The court shortened the duration of the restraining order and removed a…
As Pittsburgh faces hotter summers and persistent air quality problems, Carnegie Mellon University researchers are turning environmental data into tools that residents, advocates and policymakers can use to identify risks, make smarter planning decisions, and improve the health of the city and its residents. New environmental research from CMU offers new insights into which areas of Pittsburgh are the warmest and how different kinds of buildings and road surfaces can affect…
Understanding Louisiana’s New Workplace Violence Law: Behind the Counter | Workplace Safety and Environmental Law Alert Blog Skip to content
Graduates of Soviet higher education institutions have shaped contemporary Africa, returning home with invaluable skills in spheres ranging from medicine and agriculture to energy and mining. Today, Russia is once more emerging as an educational and academic hub for African students, with much to offer aspiring specialists from the continent. Yet, tapping into this potential will require more than just political will on its own, writes Souleymane Anta Ndiaye, Former…
The pace of change in employment authorization policy has long been relentless, but the developments of the last several days have been particularly significant. U.S. Citizenship and Immigration Services (USCIS) released updated guidance, courts permitted several Temporary Protected Status (TPS) terminations to proceed, and a stay was denied in litigation challenging the TPS provisions in the One Big Beautiful Bill Act (OBBBA). Judge Lifts Haiti Stay; USCIS Issues Additional Guidance…
In Alberta (Energy and Minerals) v Spartan Delta Corp,1 the Court of Appeal held that Alberta Energy’s claims for both pre-filing and post-filing royalty arrears under leases sold subject to a CCAA vesting order were barred by operation of the joint, but not several, liability created under the Mines and Minerals Act, RSA 2000, c M-17 (MMA) and the wording of the vesting order. Spartan has important implications and provides…
Quick Hits The U.S. Senate confirmed two nominees for the NLRB to new five-year terms. The confirmations give the Board a 3–1 Republican majority that will allow it to overturn precedential decisions. Despite the new additions, one vacancy on the five-member Board remains. The Senate confirmed Republican James Macy, a U.S. Department of Labor (DOL) official and former management-side labor attorney, and Democrat David Prouty, who was renominated for a…
On Sept. 14, 2025, the Canadian government launched Build Canada Homes, a new federal agency designed to increase Canada’s housing supply by building affordable housing at scale. Build Canada Homes will work with provinces, territories, municipalities and Indigenous communities to build affordable community housing for low-income households, while also partnering with private developers to deliver affordable housing for middle-class Canadians. The federal government introduced Bill C-20, the Build Canada Homes…
Key Takeaways Governor Greg Abbott has directed the PUCT and ERCOT to pause pending data center interconnection requests until each project completes a comprehensive audit. The audit will examine project power demand and generation strategy, water use, public incentives, community impacts, and ownership. ERCOT’s existing Batch Zero schedule calls for initial project classifications by August 7, but neither ERCOT nor the PUCT has publicly announced how the new audit will…
Quick Hits The U.S. Senate confirmed two nominees for the NLRB to new five-year terms. The confirmations give the Board a 3–1 Republican majority that will allow it to overturn precedential decisions. Despite the new additions, one vacancy on the five-member Board remains. The Senate confirmed Republican James Macy, a U.S. Department of Labor (DOL) official and former management-side labor attorney, and Democrat David Prouty, who was renominated for a…