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Operational and Physical Risks

  • The South African public electricity utility Eskom has announced that it is considering further load shedding to stabilize the power grid, which has been affected by recent strikes.
  • Last week, German environment minister Svenja Schulze announced that the country would not meet its goal of reducing carbon emissions by 40% by 2020 as compared to 1990 levels; per experts, the level is likely to be reduced by 32%.
  • Per reports on June 22, 2018, two Taiwanese workers have registered formal complaints with Australia’s Fair Work Ombudsman (FWO), an independent statutory agency enforcing workplace laws, against the labor hire company GOYX Pty Ltd for underpayment.
  • On Monday last week, approximately 2,000 crane operators across Quebec protested by taking the day off from work due to new provincial training requirements.

Hazard and Event Risks:

  • Last week in Papua New Guinea , armed protesters blocked access to the Angore pipeline construction project operated by ExxonMobil and damaged earthmoving equipment at the project site in the Hela Province.
  • Earlier this month, an essay published in the Journal of American Medicine (JAMA) indicated that according to projections made by Harvard social scientists, 80,000 additional deaths per decade could occur in the U.S. as the result of environmental-regulation changes being proposed by the Environmental Protection Agency (EPA).
  • Also in the United States, on June 30 #FamiliesBelongTogether demonstrations will occur nationwide in opposition of the Trump administration’s “zero tolerance” policy. 

Technology and Information Risks

  • Per media reports on June 21, the Advanced Battery Saver application available on Google Play Store is a malware campaign targeting Android users.
  • A new hacking campaign launched through China-based computers attempts to interfere with companies developing satellite communications, geospatial imaging, and defense contractors from the U.S. and Southeast Asia.
  • The EU Parliament’s Legal Affairs Committee approved stronger copyright rules in a vote on June 20, which will restrict global tech giants’ market power in the EU if adopted by the full parliament.

Market and Economic Risks

  • On June 21, 2018, Malaysia’s Minister of Human Resources M Kula Segaran said that food establishments will be allowed to recruit only locals as cooks from July 1 as part of the country’s strategy to reduce reliance on foreign labor.

June 25, 2018

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