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Key Takeaways

The EU bans imports of Russian gold and freezes the assets of Sberbank. HSBC becomes the first foreign lender to install a Chinese Communist party committee in its investment banking subsidiary in China. Heat advisories and excessive heat warnings are in effect for 28 states across the central and northeast US. Analysis: Emerging Ransomware Black Basta a Likely Successor to Notorious Conti Gang.

Condition Updates

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

Analysis: Emerging Ransomware Black Basta a Likely Successor to Notorious Conti Gang