At the COP28 climate summit in Dubai, representatives from nearly 200 countries reached an agreement to start reducing the global consumption of fossil fuels.
Today, Enigio AB accounced that its digital original documents solution, trace:original, is now accessible on Temenos Exchange. This integration allows banks and corporates to transition to a completely paperless operation for all their trade documents.
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”.
On Monday, the United Nations Conference on Trade and Development (UNCTAD) announced in its Global Trade Update a forecasted reduction in global trade by 5% this year compared to the previous year, expressing a generally negative outlook for 2024.
In a collaborative effort with BNY Mellon, Deutsche Bank, and four electronic Bills of Lading (eBL) platforms, Swift has successfully trialled an interoperability solution.
The UK has provided loan guarantees allowing Standard Chartered Bank to organise financing, enabling British exporter Innovo Group to secure a €415 million contract for essential infrastructure projects in Benguela Province, Angola, situated on the west coast adjacent to the Atlantic Ocean.
ECB board member Isabel Schnabel suggested that further interest rate increases might no longer be necessary due to a significant decrease in inflation, in an interview with Reuters.
Citi has announced a collaboration with Traydstream, a leading trade documentation solution provider, aiming to offer clients access to advanced and automated trade-document processing capabilities.
ECAs from across the globe have come together to form the Net Zero Export Credit Agencies Alliance, a new initiative unveiled at the COP28 summit.
The United Arab Emirates is set to unveil a new climate-focused investment fund worth $30 billion at the upcoming COP28, with support from major investors including BlackRock, three sources with knowledge of the matter told Reuters.
