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The World Bank warns of growing risks for a global recession. As the US announces more military assistance to Ukraine, Russia threatens escalation if long range missiles provided. Recent catastrophic floods will wipe out economic growth and cause acute food shortages in Pakistan, risking sovereign default. Analysis: Geopolitical Tensions Hamper Global Discussion on Cyber Norms.

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

Analysis: Geopolitical Tensions Hamper Global Discussion on Cyber Norms

The world is no closer to adopting a set of norms in cyberspace following the third substantive meeting of the United Nations (UN) Open Ended Working Group (OEWG) on the security of information and communications technologies. Unsurprisingly, geopolitical considerations were at the forefront of the latest discussions and organizations around the world should not expect a breakthrough on universal cyber standards any time soon.

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