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Hazard and Event Risks 

  • Last week, open sources reported a substantial increase of dengue cases in the southern region of the country in comparison to those reported during the same period in 2018.
  • A terrorist commander informed the Lebanese Al Akhbar newspaper last week that the terrorist groups are planning to take control over the border towns of Gaza in any future war. 
  • On July 4th, a magnitude 6.4 earthquake rattled Ridgecrest, California and the China Lake Naval Air Weapons Station and Range, from a depth of 6.6 mi. 

Operational and Physical Risks

  • As of July 8th, world’s top cocoa producers could not secure an agreement with global buyers and traders. 
  • Hong Kong’s chief executive Carrie Lam said that as of last week the government’s efforts on the extradition bill have been a total failure.
  • Last week, open sources reported that several members of the European Union had been informed about medicine shortages as the bloc highly depends on limited suppliers and producers, mainly in Asia. 

Technology and Information Risks

  • Cyber-security researchers reported that servers belonging to GE Aviation became vulnerable to public and malicious access due to faulty DNS configurations last week. 
  • More than 500,000 US Dollars were stolen from the 7-Eleven payment app users in Japan after a security breach last week. 
  • Industry sources reported that Chanel – the French couture firm – lost its rights to exclusively use its ‘Double C’ logo in China. 

Market and Economic Risks

  • Over two dozen countries back a resolution submitted to the UN Human Rights Council, which asks the council to investigate the extrajudicial executions and collateral killings committed in the Philippines since President Rodrigo Duterte’s 2016 election.
  • Following a bilateral diplomatic dispute that has already led to high-tech materials export restrictions, Japan is planning another round of export curbs for South Korea, targeting a broader range of items applicable to weapons, automobiles, and machine tools production. 
  • The amount of farm debt, adjusted for inflation, is at its highest level since the 1980’s farm financial crisis, on track to rise to 427 billion US dollars. 

July 15, 2019

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