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Hazard and Event Risks 

  • Last week, there were clashes between peasants and security personnel of a mining company in the group of country houses Coigobamba, El Toro hill, in Huamachuco district,Sanchez Carrion Province, Peru.  
  • On October 9, 2019,around 1200 local time, at least two people were killed, and another two injured during shooting attacks nearby a Turkish kebab shop and a synagogue in the eastern city of Halle. 

Operational and Physical Risks

  • Late last week, the Cuban government began implementing a required reorganization plan contained in the new constitution that Cubans approved in a national referendum earlier in 2019. 

Technology and Information Risks

  • Last week, Adobe declared it would ban the accounts and cancel all the subscriptions for customers in Venezuela as the California-based company will comply with the economic sanctions imposed on August 5, by the U.S. on the country.
  • Microsoft recently discovered that a state-sponsored Iranian hacking group called “Phosphorous” tried to access several email accounts that belonged to members of a U.S. presidential candidate campaign.
  • Last week, online publication ZDNet reported that the Federal Bureau of Investigation (FBI) sent a security notification on September 17 to warn private industry partners about the increasing instances of cyber-attacks that can bypass multi-factor authentication (MFA).  
  • Facebook CEO Mark Zuckerberg will testify before the U.S. House Financial Services Committee on Capitol Hill on October 23, regarding the social media giant’s impact on U.S. financial services from its planned launch a digital wallet called Calibra, and a cryptocurrency called Libra. 

Market and Economic Risks

  • Deflation in Latin America’s two largest economies, Mexico and Brazil, has signaled regional growth challenges, as their central banks are reportedly cutting interest. 
  • The outlook for Asian economies has once again been adjusted due to the ongoing U.S.-China trade war, which overall has considerably decreased trade from and to the region. 
  • The Dutch Trade Ministry said that most Dutch cheese exports would be affected by the 25% tariff that the U.S. intends to impose on European food products. 

October 15, 2019

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