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Bird flu is devastating the wild bird population around the globe. Russia deploys warplanes armed with hypersonic missiles to Kaliningrad. Turkey surprises markets with a 100 basis point interest rate cut despite inflation of nearly 80 percent. Analysis: Ukraine War Fuels Increased Tensions between Kosovo and Serbia.

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A rundown of important global risk developments in markets, in business, and region by region.

Analysis: Ukraine War Fuels Increased Tensions between Kosovo and Serbia

The breakup of Yugoslavia in the 1990s may seem like ancient history, but it is not to the people of Kosovo and Serbia. Grievances left unresolved during the fight in 1999 between the two breakaway regions – with a NATO bombing campaign putting an end to the war – have come to the surface again with the governments of now independent Kosovo and Serbia warning of a return to war to the Balkans.

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