Has geopolitical denialism run its course? Welcome back to the FTSE Russell Convenes ‘geopolitical’ series. Tina Fordham, Founder of Fordham Global Foresight, returns to explore how the current constellation of risks interact with markets. Tina reflects on 2025 and reveals the key signposts shaping the 2026 risk map—from U.S mid-terms to Hungary's upcoming elections. She also explains how geopolitical risk will impact businesses and shares the word she believes best captures the year ahead.