Today, the OECD released their International Trade Statistics report for Q2 2023. The report offers an insight into the global trade landscape, highlighting significant shifts and trends. With a decline in G20 merchandise trade and a marked slowdown in services trade, the report paints a complex picture of international commerce.
A worldwide shortfall in curbing carbon emissions could result in increased debt-servicing costs for 59 countries over the forthcoming decade, as per a study simulating the economic repercussions of climate… read more →
Yellow Corp, an American haulage firm with nearly a century of history, filed for Chapter 11 bankruptcy protection this Sunday. This action came as a result of considerable debt accrued… read more →
Late Tuesday afternoon, Fitch downgraded the United States’ credit rating from AAA to AA+, to the surprise of many experts. This downgrading is the latest domino to fall in what has been a drama filled 2023 for the United States and its divided government.
Globalisation is not dead, contrary to recent claims. Nowhere is this more evident than in global trade, where high-growth trade corridors in Asia, Africa and the Middle East are set to outpace the global average by up to four percentage points.
To learn more about the latest updates on MLETR adoption in the G7 countries and emerging markets, Trade Finance Global spoke with Luca Castellani, legal officer at the Secretariat of the United Nations Commission on International Trade Law (UNCITRAL)
Financial leaders, corporations, and philanthropists are pooling resources of more than $2 billion to bolster efforts in carbon reduction and climate resilience across Africa, Asia, and Latin America, according to… read more →
In line with robust demand and a more significant drop in US oil inventories than anticipated, oil prices climbed on Friday and are set to register a consecutive weekly increase,… read more →
The U.S. trade deficit in goods narrowed in May as imports declined, but the improvement was probably insufficient to prevent trade from being a drag on economic growth in the… read more →
According to a study released on Wednesday by the US-based Atlantic Council think tank, 130 nations, representing 98% of the global economy, are currently exploring digital variants of their currencies.… read more →