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NATO will send to Ukraine air defense systems to defend against Russian drone attacks. UK inflation hit double digits last month, the most since 1980. COVID-19 has entered a new evolutionary phrase, with a swarm of new variants, some likely to evade protections of vaccines. Analysis: EU Gas Price Cap: Options and Risks.

Condition Updates

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

Analysis: EU Gas Price Cap: Options and Risks

European Union (EU) leaders will meet on October 20-21 in an effort to forge a consensus on how to contain soaring gas prices in the short term and to get the bloc’s member states through the winter. These measures, albeit needed, are insufficient and creating tensions within the bloc. They are creating a ‘haves’ and ‘have nots’ situation, pitting countries with stronger buffers against those with more vulnerable economics unable to support increasing debt burdens.

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