The US trade deficit contracted to $58.3 billion in August, marking its lowest level since late 2020, according to data released by the Commerce Department on Thursday.  This represents a… read more →

Cross-border trade is an inherently risky activity with numerous types of risk that can appear at all stages of trade. But today, we will discuss two types of risk: commercial risk and, transfer risk, a type of political risk.

The World Trade Organisation has revised its growth forecast for global merchandise trade in 2023, attributing the change to ongoing inflation, elevated interest rates, instability in the Chinese property market,… read more →

Join TFG’s Deepesh Patel and Ravesh Lala, IBM’s Head of Business Development for Hybrid Cloud Solutions, at Sibos in Toronto as they clarify the complexity of generative AI and its diverse applications in the trade industry. Ravesh starts with one of the foremost challenges confronting banks in trade and supply chain finance—digitalisation. He underscores the critical importance of transitioning from conventional paper-based procedures to a fully digital supply chain to enhance operational efficiency.

In a recent conversation at Sibos, Toronto, TFG’s Deepesh Patel sat down with Steven Beck, Head of Trade and Supply Chain Finance at the Asian Development Bank (ADB). Together, they explore the reasons behind the staggering expansion of the trade finance gap, which has now reached a staggering $2.5 trillion.

On Tuesday, an alliance of nations announced that its members would contribute $12 billion to safeguard coral reefs from dangers like pollution and overfishing.  However, experts cautioned that this sum… read more →

During her third visit to Kyiv amidst the ongoing conflict, Odile Renaud-Basso, the President of the European Bank for Reconstruction and Development (EBRD), informed President Volodymyr Zelenskyy, his cabinet, and… read more →

Currently responsible for 3% of global greenhouse gas emissions, maritime transport must decarbonise whilst facing extensive costs and adverse economic operating environments, as well as increasing geopolitical risks.

As the Conservative and Labour Party Conferences are about to commence, new analysis underscores the urgent requirement for enhanced backing to assist UK businesses in manoeuvring through a crucial 15-month… read more →

The European Bank for Reconstruction and Development (EBRD) has recently unveiled its latest Regional Economic Prospects report. The report provides a comprehensive overview of economic trends across various regions for the year 2023, revealing a diverging pattern of growth.