What is the greatest tail risk stalking global finance today? There is a depressingly long list of options: surging debt, volatile rates, geopolitical conflict and/or cyber failures like the one accidentally unleashed by CrowdStrike and Microsoft. But there is another deserving far more debate: underwater sea cables. Normally, this is a topic submerged from sight, both literally and metaphorically.
More recently Sweden reported sabotage to a data cable and Estonia is in a diplomatic tussle with China around an alleged “accident”. “The era of seabed warfare has arrived in the Euro-Atlantic, and other contested regions may soon follow suit,” James Stavridis, former Nato Supreme Allied Commander Europe, warned this year in a new Policy Exchange report.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yorkshire Building Society receives personal finance provider accoladesYorkshire Building Society has been recognised as the Best Building Society provider of mortgages at a national awards ceremony.
Source: The Yorkshire Post - 🏆 39. / 66 Read more »
Labour’s private finance plans risk a repeat of Blair’s PFI disasters, experts warnUsing private finance to pay for infrastructure will cost more than using public funding in the long run and could lead to toll roads and extra charges for the public, experts say
Source: i newspaper - 🏆 8. / 89 Read more »
Pakistan finance minister warns taxes must rise to break the bailout cycleFormer JPMorgan banker says Islamabad must ‘get real’ as it seeks 24th IMF package
Source: FT - 🏆 113. / 51 Read more »
AAB expands corporate finance team with two senior appointments in LeedsProfessional services firm AAB is expanding its corporate finance offering across the north of England with the appointment of two new team members based in Yorkshire.
Source: The Yorkshire Post - 🏆 39. / 66 Read more »
Call to halt Shrewsbury's relief road until government finance confirmedThe Lib Dems want work to cease on the road until Labour confirm it will be fully funded by the DFT.
Source: BBCShropshire - 🏆 86. / 53 Read more »
Strict EU sustainable finance rules deter emerging market investment, banks sayDevelopment finance chief says Middle Eastern and Chinese groups are filling the gap
Source: FT - 🏆 113. / 51 Read more »