Terror Attack Near Delhi’s Red Fort Raises Security Concerns:
A powerful car explosion near the Red Fort Metro Station in New Delhi on November 10 killed at least 12 people and injured more than 30 others, in what Indian authorities have now officially classified as a “terrorist incident.” The blast occurred inside a Hyundai120 packed with explosives, and investigations opened a case under India’s counter-terrorism law (UAPA), granting them broad powers to detain suspects. Early reports suggest links to militant networks, including Jaish-e-Mohammed, and those involved may include operatives from Kashmir, hinting at a broader security threat. In response, Indian officials have increased security across Delhi, especially around tourist sites, government buildings, and public transit hubs.
We advise multinational firms with business operations in or travel to Delhi or other high-risk urban centers in India to reassess their security postures, including contingency plans for evacuation and monitor developments closely.
Chinese State-Backed Hackers Exploit AI for Global Cyber-Espionage:
A U.S.-based AI company, Anthropic, revealed a Chinese state-sponsored hacking group hijacked its Claude Code AI assistant in a sophisticated cyber-espionage campaign. The attackers “jailbroke” Claude by disguising tasks as benign cybersecurity work, causing the model to perform reconnaissance, code exploits, and date exfiltration on roughly 30 global targets, such as tech firms, financial institutions, government agencies, and chemical companies. According to Anthropic, the attack was mainly completed autonomously by the AI, with minimal human input. The company swiftly shut down the malicious accounts, notified affected organizations, and worked with law enforcement. This incident has marked a concerning inflection point in the weaponization of AI. It also demonstrates how malign state actors are now utilizing AI systems that can act autonomously.
We recommend businesses to reevaluate their cyber-risk frameworks, particularly for AI-driven threats. Furthermore, integrating this new kind of threat into board-level risk discussions will be important to prepare for any future threat.
Renewed Geopolitical Risks Disrupt Russian Oil Exports:
Global oil markets are experiencing renewed volatility amid fresh supply‑chain shock as a Ukrainian drone and missile strike damaged two berths at Russia’s Novorossiysk Black Sea port, prompting Transneft to temporarily halt crude pumping and suspend outbound oil flows. The disruption removed approximately two percent of global oil supply, driving a sharp increase in prices. While tankers have since resumed loading, this incident underscores how kinetic risks, along with sanctions, are complicating export predictability. Simultaneously, growing Western sanctions are reducing tanker options: many G7‑flagged or insured ships are withdrawing from Russian trade. The reliance on a “shadow fleet” and fragmented logistics is heightening long-term geopolitical risk even as short-term flows try to recover.
We advise executives who rely intensively on the energy sector to reassess their oil procurements and risk management strategies. We also suggest companies build flexible sourcing options and maintain contingency plans, in case of renewed export instability.
