UK Government’s third climate report urges more action

The UK Government’s third climate report urged more action in eight key risk areas. In its most recent five-year assessment, it said even low warming scenarios could cost £1 billion per year to the economy.

“The UK will be Read more

Cyber risks top business concerns

Cyber risks top business concerns for risk managers for 2022, pushing business interruption from the top spot.

Although COVID 19 continues to be a threat, ransomware attacks and other forms of attack rank top in the Allianz Risk Barometer Read more

Pandemic risks creating economic winners and losers

The pandemic risks creating economic winners and losers and will stunt progress on climate action over the next five years, the World Economic Forum (WEF) said.

In particular, vaccine inequality will make economic recover uneven globally, which threatens Read more

Global GDP could rise over 4 per cent in 2022

Global GDP could rise over 4 per cent in 2022, but risks abound, according to the Economist Intelligence Unit (EIU).

While different regions will recover at varying speeds, global risks could derail growth everywhere.

Divided world

First, the Read more

Construction sector looks set for growth

The global construction sector looks set for growth as governments focus on major infrastructure projects to boost economic activity.

“The switch to sustainable energy and the adoption of modern building methods will transform the risk landscape, with radical changes Read more

Companies face wage rises and increasing scrutiny on low pay

Companies face wage rises because of inflation and increasing scrutiny for any breaches of minimum wage payments.

Average weekly earnings in the UK have grown to 5.7 per cent, says research from the National Institute of Economic and Social Read more

Concern grows over risk of AI warfare

AI warfare is rapidly becoming a global threat and needs urgent control and regulation, according to UK AI expert Stuart Russell.

The University of California Professor is to warn in the BBC’s Reith Lectures that there should be an Read more

European banks fail climate change risk test

European banks have failed a climate change risk test in first survey of the sector by the regulator European Central Bank.

Risk management at none of the banks was “close to aligning their practices with the supervisory expectations,” ECB Read more