The rise of populism in Europe, uncertainties around Brexit and US President Donald Trump’s protectionist policies are some of the main threats to the global economy in 2017, according to credit insurer Coface. However, the firm predicts improved global growth in 2017 and, for the first time since mid-2015, has awarded more country risk upgrades than downgrades. In a global…
Modern slavery is “rife” in 58% of 198 countries studied for a new global ranking by Verisk Maplecroft with China and India amongst 25 economies posing “extreme” related supply chain risk.
Reported piracy and armed robbery attacks against Asian shipping plummeted in the first quarter of 2016 against the first quarter of last year according to the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP).
ACE Group announced late last month that it has expanded its political risk and credit division to Japan. The international insurer said that the move forms part of its effort to build its presence and capabilities in this risk area.
Life in Hong Kong has been returning to normal this week following last week’s pro-democracy protests but the threat of significant political upheaval remains. However, experts do not believe the protests will spread to China.