Germany’s Rhine river levels running low putting economy at risk

Germany’s Rhine river levels running low putting economy at risk

A photo taken on July 18, 2022 shows a puddle of water amid the nearly dried-up river bed of the Rhine in Cologne, western Germany, as many parts of Europe experience a heatwave. Ina Fassbender | AFP | Getty Images The water levels in a crucial waterway in Europe’s economic heartland are running dangerously low

Global recession risk rising as economic outlook ‘darkens significantly’, IMF says | Global economy

Global recession risk rising as economic outlook ‘darkens significantly’, IMF says | Global economy

The outlook for the global economy has “darkened significantly” in recent months, the head of the IMF has warned, and the world faces an increasing risk of recession in the next 12 months. The commodity price shock from the war in Ukraine had exacerbated the cost-of-living crisis for hundreds of millions of people, Kristalina Georgieva

Pompeo says Chinese threat ‘inside the gates’ amid rising fears about risk to US data, economic security

Pompeo says Chinese threat ‘inside the gates’ amid rising fears about risk to US data, economic security

NEWYou can now listen to Fox News articles! Former Secretary of State Mike Pompeo says the threat from the Chinese Communist Party is “inside the gates” of the United States, as he backed strong language from FBI Director Christopher Wray about the Beijing threat and warned of the risks to privacy from Chinese control of

New Israeli Directives on Cyber Risk Management and Risk Management for Regulated Financial Service Providers | Barnea Jaffa Lande & Co.

New Israeli Directives on Cyber Risk Management and Risk Management for Regulated Financial Service Providers | Barnea Jaffa Lande & Co.

Israel’s Capital Market, Insurance and Savings Authority (CMISA) recently published two new risk management circulars for financial service providers. The first circular pertains to risk management in its broadest sense, while the second circular specifically addresses cyber risk management. Both circulars apply to a long list of financial service licensees, including small entities: 1. Licensees

France’s Macron loses parliamentary majority; economic reform agenda at risk

France’s Macron loses parliamentary majority; economic reform agenda at risk

France’s President Emmanuel Macron lost his absolute majority in parliament. Ludovic Marin | Afp | Getty Images French President Emmanuel Macron might have been relieved after getting reelected in April — but his second term in office just got a lot more complicated. His Ensemble! alliance has lost its absolute parliamentary majority of five years

U.S. SEC says Chinese IPO hopefuls must provide additional risk disclosures

U.S. SEC says Chinese IPO hopefuls must provide additional risk disclosures

July 30 (Reuters) – The U.S. securities regulator will not allow Chinese companies to raise money in the United States unless they fully explain their legal structures and disclose the risk of Beijing interfering in their businesses, the agency said on Friday, confirming an exclusive report by Reuters. In a statement, Securities and Exchange Commission

Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

Covid-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also facing many other risks in the areas of cyber, climate, compliance and corporate culture, according to a report, Financial Services Risk Trends: An Insurer’s Perspective, from Allianz Global

Covid, Cyber, Compliance and ESG Top Risk Concerns for Financial Services Sector: Allianz

Covid, Cyber, Compliance and ESG Top Risk Concerns for Financial Services Sector: Allianz

New AGCS report identifies key risks and loss trends for the financial services sector. Covid-19 may drive market corrections and insolvencies – which could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. AGCS analysis of $1bn of insurance industry claims show cyber incidents, including crime, is the top cause of