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Hazard and Event Risk

  • In Japan, heavy rains and an impending Typhoon are creating a crisis resulting from flooding and landslides
  • In Mexico, the Specialized Prosecutor's Office for the Attention of Electoral Crimes reported that 19 people have been arrested for their alleged participation in electoral crimes.

Technology and Information Risk

  • On June 27, Wired reported that a security researcher had uncovered a data breach made by marketing and data-aggregation firm Exactis that exposed the personal information of U.S. citizens contained in an estimated 340 million files, divided between approximately 230 million consumers and 110 million businesses.
  • The California State Legislature has passed the California Consumer Privacy Act of 2018, and Governor Jerry Brown signed the act into law on June 28.
  • Per reports on July 5, 2018, Germany’s telecommunication regulator is considering regulating Internet-based telecommunication services in order to meet data protection, public safety, and registration requirements.
  • Per reports on last week, Gmail users who have connected their email accounts to third-party applications risk unknowingly having their emails read by the staff of the third-party app.

Operational and Physical Risk

  • Per reports on July 2, 2018, the Confederation of All India Traders (CAIT) held protests across India against Walmart’s USD 16 billion (INR 1,099.12 billion) acquisition of Bengaluru-based e-commerce firm Flipkart. CAIT representatives stated that Walmart’s acquisition of Flipkart will create a monopoly in the retail sector in India, affecting the business strategies of small-scale retailers.
  • This week, Nicaraguan President Daniel Ortega announced that the government is standing firm after two months of violent protests against the presidential mandate and despite the more than 250 deaths reported in clashes with the police.
  • Scotland is considering restrictions on the sale, advertising, and promotion of foods deemed unhealthy to tackle the increasing rates of obesity, especially among children.

Market and Economic Risk

  • The People's Republic of China’s State Council has released a three-year action plan to improve air quality.
  • Per a press release, the Competition and Consumer Commission of Singapore issued a Proposed Infringement Decision (PID) against the sale of Uber’s Southeast Asian business to Grab for a 27.5% stake.
  • In the Mexican resort town of Mazatlan, fishermen have reported a reduction in seafood production in the region, which is creating a shortage in the fish markets of the Mexican Pacific Coast.

July 9, 2018

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