Despite expectations for a slight increase in the trade deficit, it narrowed to $63.2 billion, a decrease from the revised figure of $64.5 billion in October, according to the United States Commerce Department.
The International Finance Corporation (IFC) has today unveiled a green and sustainability-linked loan (SLL) of €300 million to Iberdrola.
MUFG has structured a €1.2 billion financing package to enable institutional capital investors and syndicate lenders to collaboratively contribute a €1.247 billion financing package. This funding will facilitate Turkey’s construction of a new high-speed electric railway in the Ankara region, thus opening up valuable export opportunities for the UK and other nations.
The United Nations Conference on Trade and Development recently published the World Investment Report 2023 stating that foreign direct investment (FDI) flows to Africa reached the level of $45 billion in 2022, demonstrating Africa’s attractiveness as a destination for investment.
Businesses and public authorities across the EU may be facing tougher laws on late payments, with the European Commission proposing a new regulation enforcing maximum 30-day terms.
One year after an EU court ruling on beneficial ownership registers left civil society and journalists in 13 countries encountering obstacles or completely unable to access information regarding companies’ real owners, Transparency International (TI) has published analysis of how different European states have responded by introducing disparate approaches to beneficial ownership access.
The government explained that the carbon border adjustment mechanism (CBAM) will target carbon-intensive products in sectors like iron, steel, aluminium, fertiliser, hydrogen, ceramics, glass, and cement.
Alex Gray, Director of Trade and Transaction Banking at the London Institute of Banking & Finance, outlines why the drive for net zero will change trade patterns, why technology could make those changes unpredictable, and how trade professionals can prepare.
In October, the eurozone shifted from a trade deficit to a surplus, according to the latest non-adjusted figures released on Friday. This change was largely due to a decrease in the value of energy imports compared to the previous year.
In 2023, UK exports in whisky and gin saw a 13% growth, reaching £9.4 billion. This increase is largely driven by young professionals who are opting for high-end brands to demonstrate “status and success”.
