Your morning coffee briefing from TFG. Costs of climate change far greater than green transition warns ECB, UKEF commits to an ambitious goal of going carbon neutral by 2050, global services trade recovering but below pre-pandemic levels, WTO barometer indicates, Boris Johnson to consider using the army to supply petrol stations and UK visa schemes to ease lorry driver shortages dubbed ‘not enough’.
Costs of climate change far greater than green transition, says ECB
The European Central Bank (ECB) concluded that inaction to stop global warming could knock 10 per cent off European gross domestic product and cause a 30 per cent rise in defaults on corporate loans to the most exposed companies over the next 30 years. Read more →
UKEF commits to ambitious goal of going carbon neutral by 2050
UK Export Finance (UKEF) unveiled an ambitious new plan to go carbon neutral by 2050. Over the next four years, UKEF will provide more detail on emissions for its most carbon-intensive projects, establish new climate change stress testing and increase its financing for green projects. Read more →
Global services trade recovering but below pre-pandemic levels, WTO barometer indicates
The recovery in global services trade looks set to extend into the third quarter of 2021. However, expansion could proceed along a lower trajectory if the impact of the COVID-19 pandemic turns out to be long-lasting, the WTO’s Services Trade Barometer released on 23 September indicates. Read more →
Boris Johnson to consider using army to supply petrol stations
Hundreds of soldiers could be scrambled to deliver fuel to petrol stations running dry across the country due to panic buying and a shortage of drivers under an emergency plan expected to be considered by Boris Johnson on Monday. Read more →
UK visa schemes to ease lorry driver shortages dubbed ‘not enough’
Business leaders have warned that the UK government’s plan to issue 10,500 temporary visas to foreign lorry drivers and food industry workers to tackle labour shortages does not go far enough to fix Britain’s supply chain crisis. Read more →
Surecomp®’s SaaS solution drives trade finance growth for mid-market banks
Surecomp® announces expansion of Trade Finance-as-a-Service (TFaaS) to enable smaller and mid-sized banks to improve their trade finance processing efficiencies and customer service. This service expansion reinforces Surecomp’s mission to digitize the trade finance domain and facilitate a more efficient and customer-centric trade finance operation for every bank. Read more →
FCI Launches 53rd Annual Meeting through new virtual platform
FCI hosted its 53rd Virtual Annual Meeting 2021 through a new, innovative and interactive virtual platform. Welcoming over 600 attendees, this year’s meeting focused on the year in review, an update on the global economic outlook, and explored a myriad of other topics. Read more →
