Daily Archives: May 15, 2014


BRICS countries facing increasing political risk says Aon

Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON), today unveiled its 2014 Political Risk Map which identifies an increased risk rating for all five emerging market BRICS countries. As a result, countries representing a large share of global output experienced a broad-based increase in political risk including political violence, government interference and sovereign non-payment risk. Brazil’s rating was downgraded; political risks have been increasing from moderate levels as economic weakness has increased the role of the government in the economy. This is of particular concern given this year’s World Cup and the 2016 Olympics. Russia’s […]


UK ordered destruction of ‘embarrassing’ colonial papers

Britain systematically destroyed documents in colonies that were about to gain independence, declassified Foreign Office files reveal. ‘Operation Legacy’ saw sensitive documents secretly burnt or dumped to cover up traces of British activities. The latest National Archives publication made from a collection of 8,800 colonial-era files held by the Foreign Office for decades revealed deliberate document elimination by British authorities in former colonies. The secret program dubbed ‘Operation Legacy’ was in force throughout the 1950s and 1960s, in at least 23 countries and territories under British rule that eventually gained independence after WWII. Among others these countries included: Belize, British […]