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Your morning coffee briefing from TFG. Boris Johnson warns there is ‘huge way to go’ at COP26. Rishi Sunak announces new UK budget. New podcast episode with Pole Star and CarbonChain on partnership. SMEs need $50tn investment to meet global net zero goals, says new HSBC, BCG report. And TFG hears from ITFA’s Paul Coles on Structured LCs, MRPAs and the LIBOR transition.

On the eve of COP26 – the biggest climate summit of the year – the world is more focused than ever on reducing carbon emissions, and on the role that individual companies can play in tackling climate change.

British Chancellor Rishi Sunak today presented his Autumn Budget of 2021 to the UK House of Commons.

Your Monday morning coffee briefing from TFG: The UK agrees to a historic trade deal with New Zealand – among the first of such deals in the post-Brexit era. A new ICC report estimates that full digitalisation could add $9 trillion to G7 trade by 2026. The UK Financial Conduct Authority (FCA) offers more details on its synthetic LIBOR plans. Macquarie strengthens its position as a global shipping lender, with a total market value of over $3 billion. And we hear from ITFA’s Andre Casterman and Johanna Wissing on fintech and ESG for trade finance respectively.

Your morning coffee briefing from TFG. TFG launched a brand new app, Global trade finance gap hits new all-time high of $1.7tn due to COVID-19, business failures to increase by 32% states Euler Hermes, Standard Chartered research shows companies in Europe, North America are doubling down on supply chain resilience and Contour partners with Shenzhen FinTech Institute of the People’s Bank of China to increase trade digitisation across Asia

By working together and tackling these challenges head-on, we can reduce our emissions and work towards our net zero goal by 2050.

Our editor, Deepesh Patel sat down with Geoff Brady and Madhav Goparaju from Bank of America and Chris Doroszczyk from IBM to discuss the impact of COVID-19, access to finance and technology.

Brexit has typically been seen as an issue between the UK and the EU with little thought given to the divorce agreement’s impact on other countries.

Contour, the digital trade finance network, announces partnership with the Shenzhen FinTech Institute, a subsidiary of The People’s Bank of China (PBOC).

TFG’s editor, Deepesh Patel, interviewed Nasser Al-Thekair, general manager of trade and business development at the International Islamic Trade Finance Corporation (ITFC), to discuss the impact of COVID-19 on Islamic Finance.

New research from Standard Chartered has found that environmental, social and governance obligations are top of mind for corporates in Europe and North America, as the post-pandemic business recovery gets underway.  

The global leader in cloud payments and financial messaging, Volante Technologies, announces partnership with MDSL to enhance banking payments in Egypt.

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.

Euler Hermes, the world’s leading trade credit insurer, states the UK is set for a significant rise in business failures as companies readjust to the removal of government COVID-19 pandemic support measures.

The current banking landscape is going through a makeover. PSD2 and open banking have it’s advantages, but there are also many opportunities to continue to level the playing field, share risks and revisit the rules.