Falling global relations 'most urgent risk' in 2019

Clay Curtis
January 20, 2019

If economic headwinds pose a threat to worldwide cooperation, efforts will be further disrupted in 2019 by rising geopolitical tensions among major powers, according to the report. He said economic progress is being hampered by the "persistent underfunding of critical infrastructure" around the world and that shortfalls in investment in critical infrastructure are leaving businesses and communities vulnerable to natural catastrophes, cyberattacks, and other social, environmental and health-related risks.

The annual Risk Report is based on the findings of some 1,000 experts and decision-makers.

Also, the overwhelming majority of respondents (85 percent) are anxious about increased risks stemming from political confrontations between the world's major powers, reflecting a struggle over supremacy in various fields, including the economy, but also reflecting growing differences in views on fundamental values.

These are the findings of the World Economic Forum's Global Risks Report 2019, which was published on 16 January.

Responding in a statement, Marco Lambertini, director general of World Wildlife Fund (WWF) International, said: "Recognition of the dangers posed by climate change and biodiversity loss is not enough". It is unclear whether the country will actually leave on that date and under what terms it might eventually exit the bloc after British lawmakers on Tuesday voted against the Brexit deal that Prime Minister Theresa May had negotiated with the EU.

Twitter has acknowledged a bug that revealed Android users’ private tweets
For the same reason, the social network tweeted about the issue to the nearly 5.8 million followers of its Support account. Twitter said it had started to let affected users know about the bug.

After 200 countries, including the United States, agreed to tackle climate change in 2015 at U.N. talks in Paris, worries in the survey about governmental failure to tackle global warming fell.

John Drzik, President of Global Risk and Digital at Marsh, which helped with the preparation of the report, said the "more protectionist economic environment" is increasing costs and causing delays.

The WEF report showed mounting alarm about the risks of extreme weather and a failure to take mitigating action as temperatures rise, detailing the possibility of many low-lying cities in Asia, Europe and North America being wiped off the map by flooding.

The Global Risk Report suggests cyber and technological threats are the most significant blind spots we face today and that we still don't fully appreciate the vulnerability of networked societies.

"It is no surprise that in 2019, environmental concerns once again dominate the list of major concerns". "So, too, does the growing likelihood of environmental policy failure or a lack of timely policy implementation", she continued. The American President Donald Trump had cancelled his visit with reference to the budget dispute with the Democrats, France's head of state, Emmanuel Macron because of the protests of the "Yellow vests" at home. "We don't", she said.

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