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Recent Editions
Risk Channel
North America
Reuters reports on a growing industry of ex-military and national security advisors who are helping Wall Street firms identify imminent military action. Around 6 p.m. ET on the day before U.S.-Israeli air strikes killed Iran's Supreme Leader on Saturday February 28, for example, geopolitical risk consultancy WestExec Advisors advised clients that there was a 65% probability of military action that weekend, said its managing partner Nitin Chadda. "What you're really seeing from the financial industry is how national security and economic security have been merging over the last few years, and that is accelerating," observed Amy Mitchell, founding partner at geopolitical consultancy Kilo Alpha Strategies.
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Risk Channel
UK/Europe
Germany’s Bundesbank has scrapped plans to move back into its headquarters in Frankfurt, despite spending €168m on stripping asbestos from the historic office block. Germany's central bank said Wednesday it was abandoning a project to renovate the headquarters following intense criticism over costs that could spiral into the billions, and would instead move permanently to a new site. Bundesbank chief Joachim Nagel said an analysis had shown that purchasing a new building made more sense than going ahead with the overhaul. The decision was not easy, he said, observing that "many people - active and former colleagues, residents of the city and the country - have a connection to this building."
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