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Key Takeaways

In a deepening crisis, Sri Lanka is suspending interest payments until it can restructure its sovereign debt. The US draws down its consulate in Shanghai amid a surge in COVID-19 cases and “arbitrary enforcement of local laws.” The US and UK are investigating reports that Russia used chemical weapons in the Ukrainian city of Mariupol. Analysis: Potential BA2 Wave Prompts Varying Levels of Caution. Analysis: Ukraine War Update: Fighter Jets, War Crimes Investigations, Ukrainian Children.

Condition Updates

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

Analysis: Potential BA2 Wave Prompts Varying Levels of Caution

As the US rounds the corner into the third year of the COVID-19 pandemic, and begins to shake off the last of the country’s coronavirus-related risk mitigation regulations, the country could once again be facing a new wave of infections as the BA2 subvariant of the Omicron coronavirus variant takes hold as the dominant variant in circulation in the US.

Analysis: Ukraine War Update: Fighter Jets, War Crimes Investigations, Ukrainian Children

Intelligence agencies give warning notices for a Russian offensive in the Donbas as Austrian Chancellor Nehamemer’s diplomatic mission determines that Russian President remains intent upon waging war.

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