We dive deeper into how Covid-19 impacted the shipping industry. Will the cruise liners be able to financially recover from this outbreak?
As lockdowns became the norm around the globe, governments have had to step in to support their economies due to the substantial downturn in economic activity – breaking stimulus records in the process.
The Business Plan outlined new objectives that will allow UKEF to adapt its support for SMEs, help businesses across all the regions of the UK, access UKEF products, and focus its activity on sectors and countries.
Considering the stakes involved in managing the AML/KYC compliances are high, banks/ FI should carefully assess the options available with them and look holistically to mitigate the risk.
ICC Banking Commission has released its 2019 Trade Register Report, revealing COVID-19’s potential to disrupt global trade.
“WTO economists believe the decline will likely exceed the trade slump brought on by the global financial crisis of 2008-2009″
As airlines struggle with their cashflows as a result of the travel slump brought about by Covid-19, TFG’s Flora Tan spoke to Ocorian’s Conor Blake, examining the impacts.
The first estimates for the factoring industry worldwide in 2019 have been announced today by the FCI Secretary General at BCR’s 20th RFIX event
Despite what economists, central bankers, and politicians may tell you, the evolution of the world economy is not a graceful one. Rarely does it feel cooperative, since getting a good look at how a single element impacts the whole can seem downright impossible. However, the past few days have shined a light on how trade helps shape the global economic landscape, make waves across markets, and set the tone for the future.
Existing systems are woefully inefficient, siloed or still paper-based and many of them have not improved for decades. The Marco Polo Network is working with Financial Institutions, Corporates and Technology & Service Providers to remove the barriers preventing them from operating at their best.
TFG spoke to Mishal Ruparel, General Manager at Banking Circle, about the new applications of technology in banking to help better serve the underbanked SMEs. Using AI-driven credit scoring and new approaches to analyse credit card transaction data, Banking Circle’s proposition is game-changing the world of SME finance.
According to the 2019 Global Housing Affordability Survey, Hong Kong is the most expensive city to live in. In 2018, the housing price to income ration in Hong Kong is 20.9, resulting in that the living space per capita in Hong Kong is approximately 12㎡.
TFG heard from Alexander Goulandris the co-CEO of essDOCS about the different solutions for paperless trade. He exclusively announced the launch of a new product called CargoDocs Match, which will enable trade finance banks to continue to provide BPO-related solutions to their customers after SWIFT discontinues support for the Trade Services Utility (TSU) in 2020.
The global trading system is in disarray. Global economic growth is slowing, half the G20 are now operating under openly protectionist agendas, and tensions between China and the United States remain high – despite faint promise of a truce earlier this year. But over in the UK, all of this is overshadowed by the continuing dispute over Brexit. The nation is bitterly divided, and we are fast approaching what could constitute a national crisis.
Our departure from the EU will give the UK the ability to take control of its own independent trade policy for the first time in more than 40 years.