Your Monday morning coffee briefing from TFG.
Green transition under pressure – Eurozone inflation hits record high of 5% due to soaring energy prices
UK opens new free trade talks with India, seeks end to tariffs on cars, whisky, green energy exports
HSBC arranges first sustainability-linked trade facility with garment maker Epic Group in Hong Kong
Green milestone – EBRD invested €10.4bn in 2021, a record 51% of which went to green finance projects
UK signs new sovereign investment partnership with Oman, aims to expand £1bn trading relationship
ABN AMRO praises CBA’s IBAS GTF solution for ‘seamless transition’ to new SWIFT messaging types
UK customs agency issued £200,000 in fines for unlicensed exports of military and dual-use goods in 2021
Green transition under pressure – Eurozone inflation hits record high of 5% due to soaring energy prices
New data from Eurostat show that Europe’s harmonised index of consumer prices (HICP) is expected to hit 5% in December 2021 year-on-year. Read more →
UK opens new free trade talks with India, seeks end to tariffs on cars, whisky, green energy exports
An agreement between the two countries could double the value of trade between them by 2035 – up from £23 billion in 2019 – and could increase wages in the UK by up to £3 billion. Read more →
HSBC arranges first sustainability-linked trade facility with garment maker Epic Group in Hong Kong
HSBC said the transaction marks a new milestone in its ability to deliver green finance solutions to global brands, and will serve as a model for building sustainable supply chains. Read more →
Green milestone – EBRD invested €10.4bn in 2021, a record 51% of which went to green finance projects
2021 was a very green year for Europe’s multilateral development bank, which invested a record amount in green finance projects. Read more →
UK signs new sovereign investment partnership with Oman, aims to expand £1bn trading relationship
UK companies have a long history of investment in Oman, with foreign direct investments from the UK accounting for nearly 50% of the foreign investment into Oman in Q4 2020. Read more →
ABN AMRO praises CBA’s IBAS GTF solution for ‘seamless transition’ to new SWIFT messaging types
The Dutch bank is among the CBA clients that have successfully transitioned to new structured and more complex message formats for guarantees and standby letters of credit. Read more →
UK customs agency issued £200,000 in fines for unlicensed exports of military and dual-use goods in 2021
Between March and November last year, Her Majesty’s Revenue & Customs (HMRC) issued compound penalties between £1,000 and £54,000 to 10 UK exporters. Read more →
