Professional Pensions (April 19)
“The response by pension schemes and other investors to the invasion was immediate and, in the days following Russia’s attack, a number of pension schemes announced they would reduce or sell all their holdings as soon as possible.” Exposure to Russia varied by scheme, but was low overall, at around “0.1% for many schemes, holdings that many managers have written down to zero.” All in all, the “market reaction to the crisis was surprisingly muted,” with fairly stable funding levels throughout the crisis.
Tags: Attack, Crisis, Exposure, Funding, Holdings, Immediate, Invasion, Investors, Market, Muted, Pension schemes, Reaction, Reduce, Russia, Sell, Stable, Zero
CNET (June 28)
“Another widespread ransomware attack is threatening to wreak havoc across the world.” The latest variation of the Petya ransomware is disrupting businesses and governments worldwide, including WPP, Merck, A.P. Moller-Maersk, Rosneft and government agencies in Ukraine. “This is the second global ransomware attack in the last two months. It follows the WannaCry outbreak that ensnared more than 200,000 computers.”
Tags: A.P. Moller-Maersk, Attack, Computers, Havoc, Merck, Petya, Ransomware, Rosneft, Ukraine, WannaCry, WPP
New York Times (June 10)
Will the recent attack on the Karachi airport “be the crisis that finally persuades Pakistan’s government and its powerful military to acknowledge the Taliban’s pernicious threat and confront it in a comprehensive way? It should be…. Security is crumbling and the military, the country’s strongest institution, is in danger of losing control.”
Tags: Airport, Attack, Confront, Control, Crisis, Government, Karachi, Pakistan, Security, Taliban, Threat
Time (March 15)
North Korea continues to ratchet up the tension. “In keeping with the dynasty’s tradition of erratic behavior, North Korean leader Kim Jong Un has threatened to bombard a South Korean island with 5,000 residents, further raising alarms in Seoul and the U.S., which is beefing up its own missile defenses against possible attack from Pyongyang.”
Tags: Attack, Defense, Kim Jong Un, Missiles, North Korea, Seoul, Tension, U.S.
