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Hazard and Event Risks 

  • Last week, hail, flooding, and strong winds hit parts of Italy.
  • In the US last week, the National Weather Service issued a flash flood warning for central Texas.
  • Last week, Super Typhoon Yutu struck the Northern Marianas Islands, a U.S.commonwealth. 

Operational and Physical Risks

  • In Mexico, Aerovias de Mexico, released an official statement announcing the suspension of nine international flights and the removal of five planes from its fleet last week.
  • A new wave of 4,000 migrants was reported coming from Honduras and El Salvador on their way to the U.S. seeking refuge as their countries are recently experiencing a wave of violence last week.
  • In India, a speeding train ran over a crowd of people killing at least 59 and injuring dozens near Amritsar, Punjab, last week. 
  • Also in India last week, the Delhi Pollution Control Committee released a report stating that air quality in New Delhi has plummeted due to farmers crop burns and Hindu national holidays involving fireworks.
  • As reported late last week in the UK, major construction work on the Forth Road Bridge crossing the Firth of Forth is scheduled to begin on November 12 and last for 12 months.

Technology and Information Risks

  • In North America, a report stating that the new USMCA international treaty will take action against the illicit discharge of internet material was released last week.
  • Late last week, Cathay Pacific Airways Ltd released a statement saying that approximately 9.4 million passenger records were accessed during a two-week data breach first detected in March 2018. 
  • A high profile Saudi Arabia summit website was attacked by hackers last week. 
  • In the U.S., unknown malicious actors hacked the U.S. HealthCare.gov website, gaining access to the data of approximately 75,000 individuals last week. 

Market and Economic Risks

  • Last week, Cemex, a Mexican cement company, announced that they are preparing to close cement plants in the Balearic Islands in Spain. 
  • Ukrainian Prime Minister Volodymyr Groysman warned last week that the country was risking default if the economy crashed out of the International Monetary Fund aid program. 
  • South Africa’s President Cyril Ramaphosa recently hosted an investment summit, during which he urged attendees representing international and national investors to pledge hefty investment in South Africa.

October 29 2018

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