Increased Risks
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People 'at increased risk of harm' following budget
Robin Swann said the funding would restrict the health department in "use of drugs and therapies".BBC News - Top stories -
Hunt defends job cuts to increase defence spending
The chancellor says cutting services will cost "a great deal less" than allowing Russia to succeed in Ukraine.BBC News - Top stories -
Hermes Posts Sales Growth Across All Markets
Hermes sales grew across its regions in the first three months of the year, helped by its wealthier client base during a quarter that was expected to be challenging for the luxury sector as a whole.The Wall Street Journal - World -
Trump’s Immunity Claim Joins His Plans to Increase Executive Power
The former president is asking the Supreme Court to put the presidency above criminal law as he pursues a broader agenda of expanding the office’s power should he win the election.The New York Times - Top stories - Donald Trump -
Lawmakers push Wall Street giveaway disguised as increased worker security
If members of Congress want to improve retirement security, they should expand Social Security rather than Wall Street-favored individual savings and investment schemes.The Hill - Politics -
German retirees will get an inflation-busting pension increase this year
Germany’s Cabinet has approved a 4.57% rise in retirees’ pensionsfrom this summer, an increase that is well above the current inflation rateABC News - World - Germany -
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Chipotle says it’s seen no impact yet on consumers from California wage increases
Shares of Chipotle Mexican Grill Inc. rose after hours on Wednesday after the fast-casual Mexican food chain reported first-quarter results that beat expectations, helped by demand for limited-time menu items.MarketWatch - Business - California -
Ukraine to increase long-range strikes in Russia, says UK defence chief
Admiral Sir Tony Radakin tells the FT fresh military aid will help Kyiv reshape ‘difficult’ land fight against MoscowFinancial Times - Business - Ukraine -
GDP growth slowed to a 1.6% rate in the first quarter, well below expectations
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.CNBC - Business -
Meta value falls $190bn as investors react to plan to increase spending on AI
Shares slumped 15% after Mark Zuckerberg said AI spending would have to grow before Meta could make much revenue from products. Business live – latest updatesShares in Meta slumped 15% when Wall Street opened on Thursday, wiping about $190bn off ...The Guardian - World -
‘Privileged access’: pro-plastic lobbyists at UN pollution talks increase by a third
Fossil fuel and petrochemical campaigners at Ottawa summit outnumber scientists, EU and Indigenous delegates. The number of fossil fuel and petrochemical industry lobbyists has increased by more than a third at UN talks to agree the first global ...The Guardian - World -
California Rule Seeks to Limit Health Cost Increases to 3 Percent
The stateHealth Care Affordability Board wants to cap annual health care price hikes with new five-year plan.Inc. - Business - California -
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Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
Microsoft has more demand than supply for running artificial intelligence models in the cloud.CNBC - Business - Microsoft -
Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
Microsoft has more demand than supply for running artificial intelligence models in the cloud.CNBC - Business - Microsoft -
Airbus CFO says A350 plane production increase not tied to Boeing troubles
Airbus is ramping up production of its A350 aircraft because of consumer demand and not the ongoing crisis at U.S. rival Boeing.CNBC - Business -
Sweden should spend more on defense and increase the number of conscripts, lawmakers recommend
A Swedish parliament committee says Sweden should increase its annual military budget by nearly 54 billion kronor ($5 billion) by 2030 to strengthen its air defenses and increase the number of conscripts, among other measuresABC News - World -
Aid into Gaza increased after Israel killed 7 workers, but groups say they're not celebrating
After Israeli strikes killed seven World Central Kitchen workers, aid convoys have entered northern Gaza for the first time since the start of the war.NBC News - Top stories - Israel -
New California rule aims to limit health care cost increases to 3% annually
A new rule in California aims to limit health care price increases to just 3% each yearABC News - Health - California -
New California rule aims to limit health care cost increases to 3% annually
A new rule in California aims to limit health care price increases to just 3% each yearABC News - Top stories - California -
Russian attack on NATO would end in defeat for Moscow, Polish foreign minister says, but NATO must increase its defenses
Russian attack on NATO would end in defeat for Moscow, Polish foreign minister says, but NATO must increase its defensesABC News - World - Russia -
More Bad News for the Fed: Its Favorite Inflation Gauge Increased More Than Expected in March
The PCE price index surged last month, putting the rate cut hopes of entrepreneurs on ice.Inc. - Business -
Police officer hiring in US increases in 2023 after years of decline, survey shows
U.S. police departments have reported a year-over-year increase in sworn officers for the first time since the COVID-19 pandemic and the police killing of George FloydABC News - Top stories -
Prada reported an increase in revenue for the first three months of the year, despite what the luxury brand called a more challenging market environment.
Prada reported an increase in revenue for the first three months of the year, despite what the luxury brand called a more challenging market environment.The Wall Street Journal - World -
The Morning Risk Report
Foreign aid package comes with new sanctions risks for companies, and workers get ready to switch jobs but employers are fighting to stop them. Also, Swedbank to integrate operations tackling financial crime.The Wall Street Journal - World -
German Bund Yield Edges Higher on Two-Year High Consumer Sentiment Data
10-year Bund yields edged higher after an above-forecast GfK consumer sentiment index added to the better-than-expected German data this week.The Wall Street Journal - World -
Europe risks dying and faces big decisions - Macron
The French president delivers a stark warning for Europe to act fast to survive in a changing world.BBC News - Top stories - Europe -
Oil Edges Higher on U.S. Inventories Draw
Oil edged higher on positive demand signs after U.S. crude inventories fell for the first time in five weeks.The Wall Street Journal - World -
Better risk data should boost confidence in emerging markets
New figures show that default and recovery rates compare favourably with other debt asset classesFinancial Times - World -
Barclays chief calls for return of UK equity risk culture
British bank reports 13% decline in quarterly profits but still beats analysts’ expectationsFinancial Times - Business - United Kingdom -
Russian Missile Incursions Into NATO Risk Wider War, Poland's President Says
Andrzej Duda called the flyovers in Polish airspace provocations that put infrastructure and people in danger.The Wall Street Journal - World - Russia -
Youth mobility deal risks waking sleeping Brexit dogs
Also in this week’s newsletter, new border charges threaten to push up imported food pricesFinancial Times - World -
Foreign Aid Package Comes With New Sanctions Risks for Companies
Prosecutors will now have up to 10 years to investigate sanctions violations, and banks will be required to flag suspicious transactions that could be tied to fentanyl trafficking.The Wall Street Journal - World -
Supreme Court appears open to some presidential immunity for Trump, risking delays
Justices on the Supreme Court voiced skepticism Thursday to assertions from former President Trump’s attorneys that presidential immunity could extend to an attempted coup or the assassination of a political rival, even as they seemed ready to ...The Hill - Politics - Donald Trump -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
AuditBoard upgrades its risk management platform with built-in LLM descriptions
Prior to AuditBoard, many auditors relied on off-the-shelf spreadsheet software which they had to manually adjust to fit their needs.VentureBeat - Tech