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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
U.S. declines to renew North American trade pact

The Trump administration has declined to renew the U.S.-Mexico-Canada Agreement (USMCA) in its current form following its mandatory six-year review, leaving the trade pact in force for up to another 10 years with annual reviews while negotiations continue over proposed changes. The move starts the countdown towards the agreement's expiry unless all three countries agree to a revised version. The U.S. is seeking tougher North American rules of origin for automobiles and other industrial goods, aiming to reshore manufacturing, reduce trade deficits and limit China's access to the regional trading bloc. Talks with Mexico are due to resume later this month, and Canada has also pledged to continue negotiations while seeking relief from U.S. tariffs on steel, aluminum, vehicles and lumber. The USMCA underpins around $1.6tn of annual trade between the three countries, and industry groups, including automakers and agricultural exporters, have urged governments to preserve the agreement.

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Risk Channel
UK/Europe
Google ordered to pay Klarna $2bn antitrust damages

A Swedish court has ordered Google to pay around SKr14.3bn ($1.5bn) in damages to PriceRunner, the price comparison website owned by Klarna, after ruling that the technology giant unfairly favoured its own shopping comparison service in search results. Including interest, the award totals around $2bn, making it the largest competition damages award in Swedish legal history, although substantially below the SKr78bn originally sought. The case stems from a long-running dispute over Google's search practices, which the European Commission first ruled against in 2017. PriceRunner argued that Google's preferential treatment of its own shopping service significantly reduced traffic to rival comparison websites, resulting in lost profits across the UK, Sweden and Denmark. Google said it disagrees with the ruling and is reviewing its legal options.

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