Category: News
Estimated reading time: 3 minutes Citi has launched its latest Global Perspectives & Solutions (Citi GPS) report, “Supply Chain Finance: Uncertainty in Global Supply Chains Is Going to Stay” Its findings indicate that in an environment of stabilising trade flows and cooling goods demand, disruption remains top of mind for businesses reliant on global supply […]
Estimated reading time: 3 minutes UK small and medium-sized businesses (SMEs) seeking to make changes to achieve Net Zero are as motivated by purpose-driven, or social impact, factors as by commercial considerations, according to research from Lloyds Bank. The Lloyds Bank Net Zero Monitor shows that protecting the environment for future generations (37%) and employee […]
Global CRM firm Salesforce has announced that Santander UK is using its technology to power Santander Navigator to help UK businesses expand internationally. It is a digital platform launched in 2022 which brings together an international ecosystem of expertise and knowledge to help businesses overcome trade-related obstacles. These features are delivered via one “easy to […]
Kyriba Corp, a cloud-based finance and IT solutions firm, and Jiko, a vertically integrated financial institution offering its clients real-time programmatic access to the yield and safety of T-bills, today announced a strategic partnership. Kyriba’s customers can use Jiko’s flagship Money Storage product directly from Kyriba’s Liquidity Management platform. Through this new capability, Kyriba’s clients […]
Estimated reading time: 1 minute Britain on Monday said it would extend its zero-tariff arrangement on products from Ukraine until March 2024 as part of its measures to support the economy there after the Russian invasion last year. Britain initially cut tariffs on all goods from Ukraine to zero last May and agreed in principle […]
In the face of worldwide macroeconomic issues, global insolvencies are expected to increase by 21% in 2023 and by 4% in 2024. In Allianz Trade’s research, over half the countries surveyed are expected to exceed their pre-pandemic levels of insolvencies in 2023, and over three out of five countries will exceed the levels in 2024. […]
The Ukrainian Ministry of Finance has announced the commencement of a milestone as an International Monetary Fund (IMF) mission begins its first review of a substantial $15.6 billion loan program. Approved in March, this four-year program is a component of a global package amounting to $115 billion, which aims to provide comprehensive support to Ukraine’s […]
A recent report by Convera, a global B2B payments provider, predicts a substantial increase in the value of global services trade over the next five years. The Future of Trade and B2B Payments Report, supported by Oxford Economics, projects a 44% growth in the value of global services trade from 2023 to 2028, reaching $9.6 […]
Estimated reading time: 2 minutes On Wednesday, Switzerland announced new draft regulations aimed at reinforcing its anti-money laundering measures, making lawyers and consultants responsible for flagging risks and bolstering scrutiny of legal structures like trusts. Slated for parliamentary review in 2024, after consultations, the draft regulations have been prepared by the Swiss government. With its […]
Estimated reading time: 1 minute The finance ministry of South Korea announced on Monday that it will allocate up to 181 trillion won (equivalent to $137 billion) in low-interest loans for exporters through the end of the current year. Additionally, the ministry will eliminate visa application fees for tourists from China in an effort to […]
