How to manage in an era of geopolitical uncertainty - Business Extra


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Amid inflation, an energy crisis, volatile stock markets and increasing scrutiny of big technology firms, there is concern over how tensions between global powers such as the US and Russia might spill over into conflict.

The major crisis is around Ukraine, but there are other pain points, including North Korea's ballistic missile programme, the war in Yemen, ISIS's enduring threat and the continuing talks over Iran's nuclear programme.

Higher oil and gas prices are a symbol of these worries.

What should decision makers and senior executives do to mitigate the rising risk profile?

Co-hosts Mustafa Alrawi and Kelsey Warner talk to The National's UK-based business commentator Chris Blackhurst about how industry and commerce could be affected by the higher levels of uncertainty.

In this episode

Are we living in a very uncertain time? (1m 23s)

Has geopolitics taken precedence over the energy transition? (10m 59s)

The consequences of Brexit (14m 06s)

Actions business leaders should take (17m 08s)

Read more

Oil continues to trade higher as geopolitical tensions grow

Global trade exceeds pre-Covid levels in January despite Omicron and supply chain woes

Debt spirals and fine cuisine do not mix in the crunch over The Wolseley

PREMIER LEAGUE TABLE

1 Man City    26   20   3   3   63   17   63 

2 Liverpool   25   17   6   2   64   20    57 

3 Chelsea      25   14   8  3   49   18    50 

4 Man Utd    26   13   7  6   44   34    46 

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5 West Ham   26   12   6   8   45   34    42 

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6 Arsenal      23  13   3   7   36   26   42 

7 Wolves       24  12   4   8   23   18   40 

8 Tottenham  23  12   4   8   31   31   39  

What is 'Soft Power'?

Soft power was first mentioned in 1990 by former US Defence Secretary Joseph Nye. 
He believed that there were alternative ways of cultivating support from other countries, instead of achieving goals using military strength. 
Soft power is, at its root, the ability to convince other states to do what you want without force. 
This is traditionally achieved by proving that you share morals and values.

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Updated: February 12, 2022, 12:30 PM
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