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Recent Editions
Risk Channel
North America
President Donald Trump has revived his threat to fire Federal Reserve Governor Lisa Cook over unproven allegations of mortgage fraud, according to a letter seen by Bloomberg in which Cook was told that Trump is “considering removing” her and gave her until Aug. 26 to respond to allegations made by the White House. In June, the Supreme Court ruled 5-4 to block Trump's attempt to fire Cook. Chief Justice John Roberts wrote that the President didn't provide Cook enough process to contest allegations of mortgage fraud. Cook’s lawyer Abbe Lowell said of the new threat: “These allegations are as baseless now as they were a year ago when President Trump tried to remove Governor Cook and interfere with the independence of the Federal Reserve . . . No matter what President Trump tries to do next, this much is clear under the facts and Supreme Court precedent - there is no valid cause for removing Governor Cook. As we did before, we will challenge this latest pretext and preserve her position and the historic role of the Fed.”
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Risk Channel
UK/Europe
Armin Papperger, the head of German defence contractor Rheinmetall, says he refuses to be intimidated amid alleged threats to his safety. He is under police protection due to alleged Russian murder plots: Rheinmetall supplies large quantities of weapons to Ukraine and is also establishing factories there. In comments to Deutsche Presse-Agentur, Papperger said "chickening out" is not an option. "These jobs must be done, and anyone that can't take the pressure doesn't belong in this job," he said. Germany's domestic intelligence services recently called on employees of defence contractors to be particularly vigilant in the face of the espionage and sabotage threat posed by Russian state agencies.
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