This is not new news, and scientists generally feel that either the decline will take a thousand more years, or that it is a temporary decline, and it will bounce back again soon.

No-one dares to say that we could have a magnetic pole reversal in the next 10 years...

This is new:

"Over the southern Atlantic Ocean, a continued weakening of the magnetic field has diminished the shielding effect it has locally in protecting the Earth from the natural radiation that bombards our planet from space, scientists said.

As a result, satellites in low-Earth orbit are left vulnerable to that radiation as they pass over the region, known as the South Atlantic anomaly.

Among the satellites that have fallen prey to the harmful effects was a Danish satellite designed, ironically, to measure the Earth's magnetic field..."