Your morning coffee briefing from TFG. WTO DDG Zhang highlights the pivotal role of trade in promoting security, peace and development. Digital euro to protect consumer privacy, ECB executive pledges, and UN blasts world leaders for failing to seal £72bn-a-year deal on climate.
WTO DDG Zhang highlights role of trade in promoting security, peace and development
Trade plays a key role in producing economic opportunities, helping to create employment and strengthening institutions, which are indispensable factors for lasting peace and stability, Deputy Director-General Xiangchen Zhang said at the launch of the Global Peace Index 2021. Read more →
UN blasts world leaders for failing to seal £72bn-a-year deal on climate
Financial aid ‘critical’ to help developing countries limit fossil fuels – and make Cop26 a success, says UN. The head of climate change at the UN has warned that world leaders are still “far away” from securing a deal to limit the disastrous effects of global heating. Read more →
Make trade more sustainable and inclusive, leaders say
Speakers at the UN Trade Forum call for a more coherent policy framework to ensure trade plays a bigger role in climate action, while fostering development. Read more →
Trade Credit Insurance and Surety continues to support the economy
Despite the economic outlook and uncertainties, insurance coverage for trade reaches new peaks in 2020. Read more →
UKEF signs cooperation agreement with ORE Catapult to boost renewable exports
UK Export Finance has launched a new partnership with Offshore Renewable Energy (ORE) Catapult to promote the expertise of UK offshore wind companies abroad. Read more →
Digital euro will protect consumer privacy, ECB executive pledges
The introduction of a digital euro would boost consumers’ privacy and protect the eurozone from the “threat” of competing cryptocurrencies that could undermine the bloc’s monetary sovereignty, according to the central banker overseeing its development. Read more →
Goldman opens UK transaction bank to offset trading volatility
Goldman Sachs will start offering transaction banking services in the UK this week. Goldman says the transaction bank has already won 250 clients and $35bn in deposits, putting it ahead of schedule on a five-year plan to attract $50bn of client money and win $1bn of new revenue. Read more →
New Zealand looks to UK and EU to diversify market beyond China
New Zealand aims to agree free trade deals with the UK and EU this year in a bid to diversify its export markets amid rising tensions with China, the Pacific nation’s trade minister has said. Read more →
UK and Australia form first post-Brexit trade deal
The UK and Australia have entered into a momentous trade agreement, the first on the road to the post-Brexit economy. This deal is the first stepping stone on the UK’s journey to joining a wider Asia Pacific trade agreement. Read more →
