Heavy withdrawals from cryptocurrency exchange-traded funds in the United States interrupted a period of strong investor demand, with both Bitcoin and Ethereum products registering sizeable net outflows after several weeks of steady inflows that had buoyed digital asset markets. Spot Bitcoin exchange-traded funds collectively recorded net outflows of about $227.9 million during the latest trading sessions, while spot Ethereum ETFs saw withdrawals totalling roughly $90.9 million. The […]
Breakthrough laboratory findings have identified a protein vital to the survival and spread of malaria parasites, offering scientists a promising new target for drug development against one of the world’s deadliest infectious diseases. Researchers studying the malaria parasite Plasmodium have found that a molecule known as Aurora-related kinase 1, or ARK1, acts as a central regulator during the parasite’s unusual form of cell division. Experiments showed that […]
Artificial intelligence designed to audit software security has identified 22 vulnerabilities in Mozilla’s Firefox browser within a two-week testing period, highlighting the growing role of automated systems in discovering complex flaws in widely used digital infrastructure. The findings emerged from experiments involving the Claude artificial intelligence model, developed by the company Anthropic, which was tasked with analysing the Firefox codebase for weaknesses. Security researchers said the AI […]
Ugandan health campaigner Regina Mariam Namata Kamoga has been named among eight Global Female Trailblazers recognised for efforts to confront antimicrobial resistance, a growing public health challenge that threatens the effectiveness of modern medicine worldwide. Kamoga, a community health advocate and founder of the Centre for Antimicrobial Resistance Solutions, received the international recognition for her work promoting awareness of responsible antibiotic use and strengthening patient voices in […]
HONG KONG SAR – Media OutReach Newswire – 6 March 2026 – Hong Kong Science and Technology Parks Corporation (HKSTP) congratulates the win of United Sensing & MediTech in third place at the MedTech Innovation World Cup (IWC), with hypertension management handed by a smart ring with AI embedded for personalised and continuous analysis.
Hong Kong wearable tech startup United Sensing & MediTech, with a smart ring for hypertension management on the go, won in third place at the MedTech Innovation World Cup 2026.
Held on 4–5 March 2026 at Science Park, the Wearable Technologies (WT) Conference 2026 was making a return appearance in Hong Kong after a decade, while the Innovation World Cup came for the first time, spotlighting 32 global innovators out of over 300 entries, in which 8 were Hong Kong-based life & health tech companies, vying for opportunities by connecting with research professionals, industry leaders, and investment representatives, including fast track to “HKSTP Soft Landing Programme” where up to HK$100,000 cash funding and access to an extensive network to accelerate market entries is up for grabs.
Emerged 1st and 2nd from the finals were FluoretiQ from the United Kingdom, introducing an on-the-spot diagnostic solution ‘Veri-5’ that identifies the bacteria and antibiotics in 30 minutes, and Light House from Switzerland, introducing assistive mobility eyewear ‘TAMI’ that look after the visually impaired regardless of hazardous environments, had also won the Audience’s Favourite. 3rd place came United Sensing & MediTech, filling the gaps in monitoring chronic, yet not necessarily lethal cardiovascular diseases, in particular, hypertension, where one-third of the adult population in Hong Kong endures, with a smart ring that presents an alternative that tracks for indicators and tells when possibilities of worsening the condition occurred with ease and efficiency.
With the city recognised as a global financial centre, and ranked in 2025 the first worldwide for biotechnology IPOs, Prof. Dong Sun, JP, Secretary for Innovation, Technology and Industry, Government of HKSAR said, “Initiatives were rolled out to support the local development of life & health tech that are seeing massive success, including the InnoHK clusters, the RAISe+ scheme, and more. Besides from technological advancements, traction for talent and capital have also been witnessed and welcomed.”
Terry Wong, CEO of HKSTP said, “The Conference demonstrated that Hong Kong’s playing a pivotal role as a platform gluing aspects of I&T together—connecting industry and academia for research and development; innovation with investment for commercialisation; and between cities and cultures and compliance practices for adoption—essential in transforming ideas into impact.”
The notion was in echo as Park company founders joined university professors and industry gurus from around the world in sharing the latest developments in the spectrum of medicine; and for AiQuanMed Engineering & Innovation Council (AEIC) from Singapore, and Organization for Medical, Engineering and Commerce Collaboration (OMECC) from Japan to join as strategic partners to the ‘Global Connect’ initiative for a tighter bond among I&T enablers.Hashtag: #HKSTP
The issuer is solely responsible for the content of this announcement.
HKSTP
More information about HKSTP is available at www.hkstp.org.
Large numbers of insect species in the Amazon rainforest may struggle to survive rising global temperatures, according to a sweeping scientific analysis examining the thermal tolerance of more than 2,000 species across the world’s largest tropical forest. The research suggests that nearly half of the insects studied could experience dangerous levels of heat stress under projected warming scenarios, raising concerns about cascading effects on ecosystems that rely […]
Commercial shipping through the Strait of Hormuz has slowed to an unprecedented crawl as hostilities linked to the war involving Iran disrupt one of the world’s most critical energy corridors, triggering alarm across global markets and raising fears of sustained supply shocks. Industry tracking data and shipping advisories show tanker traffic through the narrow passage between the Persian Gulf and the Gulf of Oman falling sharply as […]
Arabian Post Staff -Dubai Emerging market assets have endured one of their sharpest jolts in years as conflict spreading across the Middle East triggered a global flight from risk, driving currencies, equities and bonds lower while prompting major investment banks to scale back bullish positions. Heightened geopolitical tensions following United States and Israeli strikes on Iran unsettled financial markets, pushing investors towards the safety of the US […]
Arabian Post Staff -Dubai Iran has denied responsibility for reports linking Tehran to drone strikes targeting Saudi Aramco’s Ras Tanura complex, as tensions in the Gulf deepen amid an expanding conflict involving Israel and the United States. Officials in Tehran said the Iranian government had not attacked the oil giant’s facility, dismissing claims circulating in regional media and online that Iranian forces had deliberately targeted the refinery. […]
Amazon users across several regions encountered difficulties accessing product listings and completing purchases after a technical disruption affected parts of the e-commerce platform, leaving many shoppers unable to load item pages or proceed through checkout. Complaints began circulating on social media and outage-tracking services as customers reported that searches returned incomplete results, product pages failed to load properly and payment processes stalled. Data compiled by monitoring platforms […]
Attacks on commercial tankers in the Gulf have intensified as hostilities between the United States and Iran expand into maritime routes, raising fears of prolonged disruption to one of the world’s most critical energy corridors. Multiple vessels have been struck by drones, missiles or explosive boats in waters surrounding the Strait of Hormuz and the Gulf of Oman, according to maritime security authorities and shipping industry data. […]
Tension between Silicon Valley’s artificial-intelligence developers and defence officials has surfaced again as Anthropic chief executive Dario Amodei re-engages in discussions with the Pentagon over potential collaboration on advanced AI systems. The renewed talks follow a disagreement that underscored deep divisions over the role of powerful generative AI models in military applications and the ethical boundaries technology companies seek to maintain. Dialogue between Anthropic and the US […]
BANGKOK, THAILAND – Media OutReach Newswire – 6 March 2026 – Money20/20, the world’s leading fintech show and the place where money does business, unveiled its annual Future of Fintech in APAC report ahead of Money20/20 Asia in Bangkok on April 21-23 at the Queen Sirikit National Convention Center. The whitepaper reveals APAC’s fintech ecosystem has reached a pivotal inflection point, shifting from experimentation to production-grade innovation across AI, digital payments, and assets.
Source: Money20/20
Based on insights from over 130 senior fintech leaders, the report highlights an industry moving beyond pilot programs toward enterprise-scale solutions that prioritize collaboration, digital trust, and financial inclusion as core business imperatives for 2026.
Key Findings
22.9% of respondents identify the region as their primary growth target, underscoring its continued dominance as the region’s growth engine.
90.6% of executives say social good initiatives are now embedded in corporate strategy — confirming impact has become a commercial imperative.
61.2% of organizations have already adopted AI or machine learning.
New frameworks in Singapore, Hong Kong, and Japan are driving institutional adoption of stablecoins and tokenized assets.
63.5% of leaders cite fraud prevention as their highest operational priority.
“APAC is no longer experimenting — it’s executing,” said Ian Fong, VP of Content at Money20/20 Asia. “The region is building financial infrastructure that is faster, safer, and more inclusive than ever before. What happens here will influence the future of money globally.”
Digital Trust Becomes the New Currency
With digital adoption accelerating, 63.5% of leaders identify fraud prevention as their top priority. Regulators and industry players are now pivoting toward real-time risk intelligence and AI-driven security.
“The speed of digital adoption in APAC has outpaced traditional fraud models,” said Justin Lie, Founder & CEO of SHIELD. “What we’re seeing now is a shift toward real-time, device-level intelligence that operates silently in the background. Trust is the new currency of digital finance, and the companies that embed it in every interaction while delivering a frictionless experience will define the future of the industry.”
Stablecoins Move into Mainstream Financial Infrastructure
Institutional engagement with stablecoins and tokenized financial instruments has grown significantly, supported by clearer regulatory frameworks emerging across Singapore, Hong Kong, and Japan.
“Across Asia, stablecoins are already embedded in real economic activity from payments and cross-border settlements to treasury optimization,” said Yam Ki Chan, Vice President, Asia Pacific at Circle. “The region is demonstrating how digital assets can scale within financial systems, and the next phase is about interoperability and the development of an economic operating system for the internet”.
Digital Lending Expands Financial Access
The report highlights 72.9% of respondents believe SME-tailored fintech solutions are key to APAC’s economic growth, signaling a widening opportunity for inclusive financial innovation.
“Financial inclusion isn’t achieved by simply putting products online — it requires building for the realities of everyday consumers,” said Moritz Gastl, General Manager of Tala Philippines. “In markets like the Philippines, trust, transparency, and flexibility matter just as much as credit scoring. Digital lending works when it empowers people, not when it replicates old systems with new interfaces.”
Looking Ahead: Collaboration Will Define the Next Decade
As AI scales, payment rails interconnect, and digital assets enter regulated markets, APAC is emerging as a global blueprint for future financial systems. “The next wave of fintech innovation will be defined by how well we balance technological advancement with social impact,” added Fong. “APAC markets are proving that financial innovation and inclusion can advance together.”
The Future of Fintech in APAC report can be downloaded HERE. Hashtag: #Money20/20
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Matein Khalid The geopolitical convulsion in Iran has led to panic buying in Brent crude as Saudi Arabia’s largest refinery Ras Tanura and Qatar’s LNG mega complex at Ras Laffan shut production even as tanker traffic in the Straits of Hormuz comes to a halt amid soaring war risk, insurance premia, IRGC attacks on oil tankers and a 3X spike in VLCC/LNG freight costs. This is a […]
BARCELONA, SPAIN – Media OutReach Newswire – 5 March 2026 – Huawei gathered partners, policymakers and international media in Barcelona on March 1 and 2, ahead of Mobile World Congress, to discuss narrowing connectivity and digital skills gaps as artificial intelligence spreads through sectors including healthcare, finance and public services.
About 80 guests attended the first day’s forum at the Leonardo Royal Hotel Barcelona Fira. In remarks published by Huawei, Yang Chaobin, CEO of Huawei ICT BG, said the digital divide “seems to be widening further” even as AI accelerates. “High-speed networks and robust computing facilities are essential foundations for an inclusive and sustainable AI era,” he said.
The International Telecommunication Union estimates about 2.2 billion people were still offline in 2025. Dr. Cosmas Zavazava, director of the ITU’s Telecommunication Development Bureau, said inclusion must be treated as a prerequisite for the AI era.
“AI must strengthen meaningful connectivity and support inclusive digital transformation. This requires responsible AI governance, investment in local talent and content, and capacity building, particularly for young girls, women, indigenous communities and marginalized groups.”
Huawei said it has fulfilled a commitment under the ITU Partner2Connect Digital Coalition to help expand connectivity in remote regions. By the end of 2025, the company said its initiatives had supported digital access for 170 million people in rural and underserved areas across more than 80 countries. In a Huawei news release, Jeff Wang, president of Huawei Public Affairs and Communications, said: “To bridge the digital skills gap, Huawei works closely with governments and partners to enhance digital access, deliver skills training, and advance STEM education for underserved communities.”
On March 2, the focus shifted to conservation with a visit to Spain’s Natural Park of Sant Llorenç del Munt i l’Obac. Here, digital monitoring tools are being used to support biodiversity protection, including efforts to safeguard the endangered Bonelli’s eagle alongside better managing potential impacts from outdoor activities like climbing on rock-dwelling birds and caving on protected bat species. The project forms part of the Tech4Nature initiative, developed with the International Union for Conservation of Nature (IUCN) to support digital tools in protected areas across 11 countries.
Sònia Llobet, the park’s director, said the project is helping managers balance visitor access with nature protection.
“As park managers, our challenge is how to make visitor access compatible with the conservation of this natural space,” she said. “This project is helping us answer some of the questions we face in balancing tourism and environmental protection.”
Hashtag: #Huawei
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Thanks to powerful partnerships with industry leaders, NOTE 60 Ultra represents Infinix’s boldest entry in the flagship tier, debuting in Barcelona during MWC 2026
BARCELONA, SPAIN – Media OutReach Newswire – 5 March 2026 – Infinix is cementing its status within the premium smartphone segment in a bold new way with NOTE 60 Ultra, its landmark flagship debuting in Barcelona during Mobile World Congress 2026.
Infinix NOTE 60 Ultra Design by Pininfarina
Co-developed with Italian automotive and design legend Pininfarina, NOTE 60 Ultra’s design is driven by an emotion-led aesthetic inspired by super cars. Beneath its bold design lies a fully realized flagship experience, integrating breakthrough in-house innovations with best-in-class partner technologies. A professional-grade 200MP ultra-high-definition imaging system, built-in multi-country satellite communication connectivity, and immersive audio precision-tuned by SOUND BY JBL come together to challenge expectations in the premium segment.
Supercar Design DNA in a Flagship, Shaped by Pininfarina
In the premium segment, the design language is a device’s opening statement. A user’s perception at first glance is shaped by aesthetics, long before a single specification is considered.
Drawing inspiration from the aerodynamic philosophy and pioneering spirit of high-performance sports cars, Infinix, in partnership with Pininfarina, takes a radical departure in sculpting a flagship. What stands out immediately is what’s missing: the camera bump. As premium handsets adopt larger sensors, they often sacrifice form with increasingly protruding camera modules.
True to the sports car heritage, NOTE 60 Ultra introduces a fully integrated, single-body rear: the Aluminum Unibody Design. At the heart of this craftsmanship is the World’s 1st Uni-Chassis Cam Module, formed a single, continuous sheet of CORNING® GORILLA® GLASS VICTUS that virtually conceals the presence of the camera. Much like a supercar sculpted for low-drag, the rear design maintains a smooth, uninterrupted silhouette. This also ensures a natural in-hand feel and unobtrusively slips into any pocket, while reinforcing the phone’s durability and structural integrity.
Paying homage to Italian cultural and racing heritage, NOTE 60 Ultra arrives in four striking colorways: Torino Black, Monza Red, Amalfi Blue, and Roma Silver. Each hue draws inspiration from the most iconic scenes and legends of Italy’s motorsport and cultural history, capturing the spirit of speed, lifestyle, and emotional beauty.
Just as a supercar announces its ignition through sound and light, NOTE 60 Ultra mirrors the ritual. A Floating Taillight signature spans the rear, illuminating as the device powers on. And as a final nod to automotive heritage, NOTE 60 Ultra features an Active Matrix Display reminiscent of a supercar dashboard at startup. Concealed within the rear surface, the hidden display lights up to reveal notifications, expressive icons, or a pixel-style virtual companion.
Dual Flagship Cameras for Detail, Zoom, and True-to-Life Imaging
Although discreet at first glance, Infinix makes no concessions on camera performance and earmarks a new era for Infinix’s imaging capability. Delivering performance on par with industry-leading standards, Infinix’s Dual Flagship Imaging Architecture marks several brand-first breakthroughs and improvements across three dimensions, reinforcing its position as a signature offering.
Under the hood, it’s clear that NOTE 60 Ultra refuses to settle for less. Discreetly integrated within the Uni-Chassis Cam Module is a powerful triple-camera array. Anchored by a next-generation 200MP Samsung ISOCELL HPE sensor, NOTE 60 Ultra delivers ultra-high-definition clarity. And ensuring flagship-grade versatility across focal lengths, the phone is complemented by a 50MP Samsung ISOCELL JN5 periscope telephoto lens and a 112° ultra-wide lens.
However, hardware alone does not define the full experience. For the first time, Infinix supports the XDR display standard with Ultra HDR Capture. Powered by a proprietary XDR Image Engine, Infinix’s advanced system delivers a superior dynamic range, ideal for true-to-life photos of bright lights at night or breathtaking sunset scenes.
The result is exceptional resolution that sets a higher bar for precise framing in daylight or after dark, while faithfully preserving details often lost in standard photography. Whether exploring daytime cityscapes or distant horizons, NOTE 60 Ultra excels with its advanced optical‑to‑digital zoom performance. Crisp, detailed shots are captured across a versatile zoom range, from a 2× optical crop and native 3.5× optical zoom to a 7× lossless digital zoom, extending up to 100× for extreme distances.
Expansive Satellite Calling and Messaging Coverage
Beyond what meets the eye, NOTE 60 Ultra carries a more subtle capability designed to accompany the user’s ambition, as far as and wherever the road leads. NOTE 60 Ultra is the first¹ to introduce dual-way satellite calling with expansive global coverage across a far greater number of countries¹. Powered by two-way messaging and calling beyond traditional terrestrial networks, NOTE 60 Ultra offers an added peace of mind whether navigating remote terrain beyond cellular coverage or facing large-scale network disruptions. The device bridges regional connectivity gaps to maintain communication and enables emergency location sharing when it matters most.
Ultra-Fast, Enduring Functionalities for an All-Around Flagship Experience
NOTE 60 Ultra combines category-leading performance and enduring power to support multi-sensory entertainment without interruption. Complementing this, its latest user experience delivers forward-looking innovations and AI-driven optimizations, making it more accessible and seamless for everyday use.
Impressively, Infinix debuted the Proprietary Battery Self-Healing Technology. Despite featuring a massive 7000mAh silicon-carbon battery within a slim, lightweight frame, NOTE 60 Ultra is engineered to restore up to 1%² of battery health every 200 charge cycles. Complementing this breakthrough, NOTE 60 Ultra supports wired 100W All-Around Fast Charge and 50W wireless charging, achieving a full charge from 1% to 100%² in only 48 minutes through a wired connection.
Even with a massive battery, Infinix pulls out all the stops to optimize for both speed and energy management. Featuring a 4nm all-big-core MediaTek Dimensity 8400 Ultimate chipset together with Infinix’s self-developed performance engine, NOTE 60 Ultra achieves up to 25%² faster multitasking, accelerated app responsiveness, and sustained smoothness.
NOTE 60 Ultra excels in its class with a captivating, 1.5K Ultra HDR cinematic display. Delivering fluid 144Hz responsiveness and exceptional 4500-nit peak brightness, visuals remain vibrant across most lighting conditions. Even in motion, intelligent predictive stabilization minimizes motion sickness, whether watching a film or playing games from within a car. And just as a high-performance vehicle demands calibrated acoustics, NOTE 60 Ultra doesn’t settle for less. It delivers high-fidelity audio through a stereo system with SOUND BY JBL, completing a truly compelling entertainment experience.
The NOTE 60 Ultra’s optimized performance enables its intelligent AI features to run fluidly and efficiently with minimal battery drain. Its integrated AI ecosystem focuses on practical daily-enhancing functions, including real-time vitals tracking via Advanced Health Monitor, personalized file organization and an adaptive AI-powered knowledge base, all evolving with user preferences. These AI capabilities are seamlessly woven into GlowSpace, a new interface debuting on XOS 16.³ Powered by Android 16, GlowSpace introduces a fully reimagined UI centered on fluid motion and luminous details that animate with every interaction.
Through co-engineering with leading technology and innovation partners, Infinix has aligned NOTE 60 Ultra around a unified vision of excellence. The outcome is a benchmark-setting flagship defined not by spectacle, but by deeply integrated and purposeful engineering, inside-out.
Product availability
NOTE 60 Ultra comes with a promise of 3 years of major OS updates and 5 years of security patches.
NOTE 60 Ultra is available in four colors: Torino Black, Monza Red, Amalfi Blue, and Roma Silver.
It will be available in two variants: 12GB + 256GB, 12GB + 512GB, with built-in eSIM⁴.
NOTE 60 Ultra comes with a deluxe gift box with automotive-inspired display stand design. A Supercar-Inspired MagCharge Base in Zinc Alloy, a Kevlar-Pattern MagPad, a Custom Kevlar MagCase, and a Track-Edition SIM Ejector Pin are included in the gift box.
Disclaimer
¹As of launch, this device is the first commercially available smartphone to support two‑way satellite calling across multiple countries. Feature availability, supported regions and coverage are subject to local certification, network deployment and market conditions.
²All data comes from Infinix laboratories. The testing data may vary slightly between different test versions and testing environments.
³The specific XOS upgrade plan for each model will be announced separately. Please note that availability of this upgrade may be limited in certain countries.
⁴eSIM availability is carrier and region-dependent; it may not be supported in all countries.
Hashtag: #Infinix
The issuer is solely responsible for the content of this announcement.
About Infinix
Established in 2013, Infinix is an innovation-driven brand dedicated to delivering cutting-edge technology, bold design, and outstanding performance. The brand provides smart, enjoyable mobile experiences that enhance everyday life. Beyond smartphones, Infinix has expanded its portfolio to include TWS earbuds, smartwatches, laptops, tablets, smart TVs, and more—building a comprehensive ecosystem of smart devices. Currently, Infinix products are available in over 70 countries and regions worldwide, including Africa, Latin America, the Middle East, South Asia, and Southeast Asia.
Google has issued an urgent security update for its Chrome browser to address multiple vulnerabilities that could expose users to cyberattacks, including flaws capable of enabling remote code execution or system compromise. The patch, deployed through the Chrome stable channel on March 3, targets ten security weaknesses identified by Google engineers and external researchers. Three of the issues are classified as critical, while seven carry high-severity ratings. […]
Around 50% of companies see supply chain paralysis and a global internet outage as the two most plausible Black Swan scenarios in the next five years.
Geopolitical noise around the globe masks risks from high-impact climate, health, and future technology risks.
Different risk perceptions between multinational enterprises and small and medium-sized businesses.
SINGAPORE – Media OutReach Newswire – 4 March 2026 – Despite seeming predictable in hindsight, Black Swans are unexpected or unforeseen events that are highly disruptive and economically damaging. Examples include the 9/11 attacks of 2001 in the US, the 2008 global financial crisis, and the Covid-19 pandemic. Allianz Research estimates cumulative global GDP losses from the pandemic between 2020 and 2023 to be in the region of US$12trn.In addition to the huge financial and business costs, such events typically have long-lasting implications, resulting in geopolitical and societal shifts that continue many years after the initial event. According to new Allianz Risk Barometer analysis, more than half of the 3,000+ respondents (51%) identify a global supply chain paralysis due to a geopolitical conflict as the most plausible Black Swan scenario globally which could impact their company in the next five years. Fear of a global internet outage ranks second (47%) which reflects the increasing awareness of cyber and artificial intelligence (AI) risks among business leaders.
Respondents in Asia Pacific also identified a global supply chain paralysis and global internet outage as the two most plausible Black Swan scenarios; the former is ranked first in China and Hong Kong, Singapore, and South Korea, while the latter is ranked first in Australia, India, Japan, Malaysia, and Thailand.
Allianz Commercial CEO Thomas Lillelund comments: “Although Black Swan events are not seen to be immediately likely, these rare, high-impact scenarios are perceived as increasingly plausible and should be considered by executive boards given their potential consequences. Growing interconnectivity across both physical and digital supply chains means disruptions now cascade much faster and can turn into major losses. In today’s fragmented geopolitical environment, companies must double down on resilience and integrated risk management to ride out the next perfect storm.”
Geopolitics is a key driver for Black Swans Given the current geopolitical environment, it is no surprise that supply chain paralysis resulting from a geopolitical conflict is regarded as the most plausible Black Swan scenario. The threats of tariffs, trade wars and protectionism, as well as disruption to supply chains and shipping caused by regional conflicts in the Middle East and Russia / Ukraine are at the top of every board agenda. Allianz Research estimates that cumulative GDP losses over a two-year horizon triggered by a global supply chain disruption on the scale of the war in Ukraine could total US$1.5trn. In fact, political-related risks stand out as a leading potential trigger for Black Swan events, according to respondents. Mass social unrest and political instability is regarded as the fourth most plausible scenario globally (29%) and is a top three risk in the Americas (31%) and Africa and the Middle East (41%) regions, as well as in France (42%), for example. A sudden collapse of a major financial institution or a sovereign debt crisis, leading to a global liquidity crisis and severe market volatility ranks third (30%).
Interconnectivity and interdependency of both physical and digital supply chains are potentially increasing vulnerability at a time of geopolitical uncertainty, rapid advances in technology, and climate change. Businesses and global supply chains are also more vulnerable to Black Swan events due to growing concentrations of economic activity reliant on a limited number of critical suppliers and products in areas like AI and digital services, semiconductors, rare earth processors and transition technologies.
Company size influences risk perception Global supply chain paralysis due to a geopolitical conflict halting the movement of goods and raw materials ranks top for both large (>US$500mn annual revenue, 55% of responses) and mid-sized companies (US$100mn+ to US$500mn, 52%). In contrast, smaller companies (<USS$100mn) are most concerned about the impact of a global internet outage (45%), which is the #2 scenario for larger and mid-sized businesses. The third most plausible Black Swan for mid-sized and smaller companies is the sudden collapse of a major financial institution, while larger companies are more concerned about the risk of simultaneous climate disaster and energy grid failure, such as a heatwave triggering wildfires and widespread blackouts. Multinational enterprises have the advantages of bigger budgets and more diversified portfolios and therefore feel they are better prepared to mitigate the risks of an event such as a major internet outage than their smaller and medium-sized counterparts.
“Awareness of Black Swans and the need to build resilience has increased in recent years, but businesses can never fully prepare for rare high impact events such as a global outage or an unforeseen climate-related catastrophe. Building organizational agility, fostering a risk-aware culture and developing scalable response plans for a range of scenarios remain the most practical steps to best prepare for Black Swan events. Insurers can play a critical role in helping businesses strengthen their resilience in areas such as cyber risk and support more informed decisions when assessing and selecting critical suppliers,” says Michael Bruch, Global Head of Risk Consulting Advisory Services, Allianz Commercial.
The issuer is solely responsible for the content of this announcement.
About Allianz Commercial
Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry as well as family-owned and medium enterprises which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or film productions. Powered by the employees, financial strength, and network of the world’s #1 insurance brand, we work together to help our customers prepare for what’s ahead: They trust us in providing a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling. Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either through our own teams or the Allianz Group network and partners. In 2024, the integrated business of Allianz Commercial generated around €18 billion in gross premium globally. https://commercial.allianz.com/
Australia has deployed military assets to the Middle East as part of contingency planning tied to escalating regional conflict, Prime Minister Anthony Albanese confirmed, signalling Canberra’s readiness to assist citizens and safeguard strategic interests as tensions widen across the region. Albanese told parliament that defence resources had been sent earlier in the week alongside crisis response teams, describing the move as a precaution amid a rapidly deteriorating […]
Arabian Post Staff -Dubai Tehran has reopened the Strait of Hormuz to limited maritime traffic but declared that only Chinese ships may pass through the strategic waterway, warning that any other vessel attempting an unauthorised crossing could face military action as the war between Iran, the United States and Israel entered its fifth day. Iranian authorities said the decision to permit Chinese vessels was a “gesture of […]
A large-scale phishing infrastructure that enabled cybercriminals to bypass multi-factor authentication and hijack thousands of online accounts has been dismantled through a coordinated operation led by Microsoft, Europol and several industry partners, marking one of the most significant disruptions of a phishing-as-a-service network targeting corporate and consumer accounts worldwide. Authorities and cybersecurity specialists said the platform, known as Tycoon 2FA, operated as a sophisticated adversary-in-the-middle phishing system […]
Western Union has joined forces with Sasai Fintech, a business unit of Cassava Technologies, to launch a mobile application aimed at expanding international money transfer services for consumers in South Africa. The initiative seeks to widen access to digital remittances for users who increasingly rely on smartphones and mobile connectivity to manage cross-border payments. The co-branded application enables customers in South Africa to send money internationally through […]
Speculation around a possible Windows 12 release is intensifying as the global PC industry confronts a major transition triggered by the end of support for Windows 10, leaving millions of computers facing an uncertain upgrade path. Technology analysts and industry leaks suggest Microsoft is developing a new generation of its operating system that could debut around 2026, emphasising artificial intelligence integration, improved hardware acceleration through neural processing […]
China has announced plans to send a special diplomatic envoy to the Middle East as Beijing seeks to mediate escalating hostilities linked to military strikes on Iran and retaliatory attacks across the region. Foreign minister Wang Yi said the envoy would travel to several regional capitals to promote dialogue and reduce tensions following a widening confrontation involving Iran, Israel and the United States. The move marks one […]
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