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Your morning coffee briefing from TFG. Global trade rebound beats expectations but marked by regional divergences, states WTO, 136 nations agree to biggest corporate tax deal in a century, investment helps Italy’s economy accelerate out of pandemic, all UK’s electricity to come from clean sources by 2035, says Boris Johnson and Willis Towers Watson, ITFA create first-ever Basel III compliant trade credit insurance policy and Bank of America live at Sibos 2021.
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Bank of America live at Sibos 2021
Trade Finance Global hears from global experts in trade and tradetech, giving a helicopter view on global trade and supply chain finance, long-lasting changes to international trade and the future views of a fully digitalised trade landscape. Read more →
Global trade rebound beats expectations but marked by regional divergences
The World Trade Organisation (WTO) is now predicting global merchandise trade volume growth of 10.8% in 2021—up from 8.0% forecasted in March—followed by a 4.7% rise in 2022. Read more →
136 nations agree to biggest corporate tax deal in a century
More than 130 countries have signed up to a groundbreaking global deal on corporate tax reform aimed at eliminating tax havens while bringing in $150bn more a year from multinationals. Read more →
Investment helps Italy’s economy accelerate out of pandemic
Italy, the first European country affected by the pandemic, is now changing gear in its recovery after a widespread vaccination programme, robust investment and expanding exports. Read more →
Government vows to work with industry to tackle soaring energy costs
Business secretary Kwasi Kwarteng promises to seek solutions but stops short of immediate measures. Read more →
All UK’s electricity will come from clean sources by 2035, says PM
The shift towards renewable energy is part of government efforts to cut carbon emissions by 78% by 2035. However, some green groups have warned that the UK is behind schedule for meeting its target. Read more →
Willis Towers Watson and ITFA create first ever Basel III compliant trade credit insurance policy
After three years of effort and numerous negotiations with insurers, banks, law firms and brokerage firms, ITFA has released a Basel III policy form which elevates policy wordings and enhances market efficiency based on an original policy form developed by Willis Towers Watson. Read more →
