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From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.

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Risk Channel
North America
Services sector growth slows in October as inflation pressures remain elevated

The U.S. services sector has recorded slower growth in October, with the Institute for Supply Management (ISM) Purchasing Managers' Index declining to 54.5 from 54.9 in September, slightly below economists' expectations of 54.8. New orders moderated to 55.9 from 59.8, while persistent supply chain disruptions, higher energy costs, and import tariffs continued to pressure businesses. The supplier deliveries index rose to 56.7, indicating further delays, while the prices paid index eased marginally to 73.0, signaling continued inflationary pressures. Services employment improved modestly, with the employment index increasing to 51.4 from 50.1. Despite sustained economic expansion, elevated inflation and weakening household purchasing power could constrain consumer spending. The Federal Reserve has maintained interest rates at 3.75%–4.00%, with economists anticipating a December increase. Meanwhile, October's employment report is expected to show 65,000 additional jobs and an unchanged unemployment rate of 4.2%.

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Risk Channel
UK/Europe
Sequoia Capital shuts London office

Venture capital giant Sequoia Capital is closing its London office and cutting staff, saying it no longer requires a physical presence in the city, despite only expanding into Europe in 2020. Sequoia said it remains committed to supporting European start-ups but will manage investments from its Silicon Valley headquarters. The decision comes amid a broader restructuring, including the scrapping of its Arc accelerator and a shift towards a more selective investment strategy.

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