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Hazard and Event Risks 

  • In China, it was reported that over 60 people have died, and hundreds were injured, as a result of an explosion that took place last week. 
  • As reported last week, new sections of Brunei’s Sharia Penal Code will enter into force as of April 3, of this year; one of which will affect the LGBT community.
  • The Icelandic low-cost airline Wow Air announced in a statement recently that they would cease of all their operations due to the airline's bankruptcy. 

Operational and Physical Risks

  • In Peru, the president and the lawyers of Fuerabamba community were arrested last week under corruption and extortion charges. 
  • Recently, the South African Revenue Service (SARS) received a notification for industrial action from the Public Servants Association (PSA) after negotiation talks failed. 
  • Compal Electronics announced recently that there will likely be a shortage of PCs for much of 2019. 

Technology and Information Risks

  • As reported last week, the United States Federal Emergency Management Agency has informed that due to a mistake, the data of 2.3 million beneficiaries of the Transitional Sheltering Assistance program was exposed. 
  • Researchers from Dr. Web firm announced last week the finding of a severe vulnerability in Alibaba’s UC Browser for Android. 
  • Researchers from Kaspersky Lab discovered recently that during 2018, ASUS suffered a security breach that would have compromised more than 1 million computers worldwide. 

Market and Economic Risks

  • In Germany, the HIS Markit’s PMI survey indicated that the German 10-year bond yields’ value became negative late last month, rising the concern about the economic future of the Eurozone, given that Germany is the largest economy in the area. 
  • Chinese President, Xi Jinping, met with the French President, Emmanuel Macron, in Beaulieu-sur-Mer on the French Riviera to conclude his Europe visit. 
  • The members of the European Parliament approved last week controversial provisions to existing copyright law with 348 votes in favor and 274 against. 

April 01, 2019

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