Your morning coffee briefing from TFG. Inflation concerns intensify as cost of energy soars, Boris Johnson reluctant to issue more visas to foreign workers, accelerated energy transition dependent on financial markets, CEOs and world leaders call on governments to reform trade and ADB supports Sanoat Qurilish Bank’s fast-growing base of SMEs with $16.6m credit agreement.
Inflation concerns intensify as cost of energy soars
Rising natural gas prices have helped push eurozone inflation to 13-year high. The UK and Europe’s natural gas crunch is poised to intensify after Beijing ordered Chinese state-backed companies to secure their energy supplies at any cost. Read more →
Boris Johnson reluctant to issue more visas to foreign workers
Prime minister says industry is better placed than government to fix supply chain problems. Boris Johnson signalled he would resist business pressure for more temporary visas for foreign workers to ease widespread UK supply chain disruption. Read more →
Accelerated energy transition dependent on financial markets
Ditlev Engel, CEO, Energy Systems at DNV, unveiled significant global analysis of the opportunities and challenges policymakers, financiers, energy companies and developers face in financing the energy transition. Read more →
CEOs and world leaders call on governments to reform trade, states WEF
Roughly 30 CEOs and Chairpersons of industry-leading companies call on governments to resolve geopolitical tensions, focus on trade reform and avoid protectionism. Read more →
ADB supports Sanoat Qurilish Bank’s fast-growing base of SMEs with $16.6m credit agreement
The Asian Development Bank (ADB) and Sanoat Qurilish Bank (SQB) signed a revolving credit facility agreement set to enhance SQB’s capacity to provide trade-related loans to its clients, including to its fast-growing base of small and medium-sized enterprises. Read more →
European banks provide €1.1 bn to finance expansion of Uzbekistan’s flagship gas chemical complex
Uzbekneftegaz’s Shurtan Gas Chemical Complex to be supported by Deutsche Bank, Landesbank Baden-Wuerttemberg, and Landesbank Hessen-Thüringen Girozentrale (Helaba). Read more →
FCI members have elected 2022 Executive committee
FCI held its 53rd Annual Meeting virtually, with a highly successful, informative and in-depth programme on the latest trends and challenges in the Global Factoring and Receivables Finance Industry. Following the Council Meeting which took place within the event, a new Executive Committee has been elected for 2022 Read more →
