The daily economic cost to the USA from solar storm-induced electricity blackouts could be in the tens of billions of dollars, with more than half the loss from indirect costs outside the blackout zone, according to a new study led by University of Cambridge researchers.
New model says world cities face expected losses of $4.6 trillion in economic output over the next decade as a result of natural or man-made catastrophes.
Dr Andrew Coburn of the Cambridge Judge Business School writes on The Conversation website about how business leaders have reawakened to the risk of regional conflict, and discusses research carried out at the Centre for Risk Studies on bad-news scenarios ranging from cyber war to regional conflict to pandemic.
Threats that cause supply chains and other networks to break down can cascade through today’s interconnected world of social, economic and financial interaction. New research is redefining this global risk to help businesses and governments build resilience.
Whether or not the planned intervention in the organisation of international banking sector succeeds, it will certainly impact on the City of London. Adrian Leonard, an Affiliate Researcher at the Centre for Financial History at Newnham College and the Centre for Risk Studies at Judge Business School, thinks his research into the history of the London insurance market offers hints for today’s policymakers.
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