UK

Your morning coffee briefing from TFG. The world’s biggest companies felt the greatest impact of corruption and illicit activity in 2020, 15% of UK SMEs are at risk of insolvency in the coming four years, UNCTAD issues amber warning on building back better after the pandemic, Boris Johnson announces new £31 million green finance deal in the UAE and MonetaGo partners with SWIFT to create first-ever global solution to duplicate financing fraud.

The Department for International Trade has recently published its Global Trade Outlook report. TFG summarised of the key points from the report, outlining what could be in store for global trade between now and 2050.

Your morning coffee briefing from TFG. Korea contributes CHF 290,000 to help developing countries participate in global trade, commodity dependence increased over the last decade, supply chains crisis will leave lasting change on globalisation, food price inflation increases pressure on poorer countries and Brexit trade barriers added £600m in costs to UK importers this year.

TFG’s Joana Fabiao sat down with Victoria Cleland, the Executive Director for Banking, Payments and Innovation at the Bank of England for City Week 2021,

Brexit, which is one of the most discussed topics this year, other than the pandemic, has had yet another unexpected impact. With the increase in border control and the free movement of people being restricted, one sector was deeply impacted: the logistics sector.

Your morning coffee briefing from TFG. Service trade slump continues as travel wanes, however, some sectors appear to be recovering

Your morning coffee briefing from TFG. US gas exporters face a tightening of European anti-pollution rules, Commercial Banking Applications prepares banks for SWIFT 2021

Your morning coffee briefing from TFG. Director-General Okonjo-Iweala highlights the crucial role of trade in combating the effects of the Covid-19 pandemic and reviving the progress towards the Sustainable Development Goals, Brussels delays digital levy plan to increase support for global corporate tax reform, the spread of the Delta variant threatens Europe’s economic rebound and UK advertising watchdog to crack down on misleading crypto marketing to project consumers

An infamous tortoise, by the name of ‘Bixi’, unsuccessfully predicted England snatching the 2020 UEFA European Football Championship.

Your morning coffee briefing from TFG. The global economy could lose over $4 trillion due to the pandemic, world’s leading economies agree on a global minimum corporate tax rate of 15%, US economy shows signs of rebounding after Joe Biden’s stimulus package, European companies focus on ASEAN region amid expectations of business growth, and UK and Singapore start negotiations on digital trade to cut red tape on e-transactions and e-signatures.

The virtual Summit on the New Global Sanctions Regime organised by City & Financial Global is taking place on the 12th of July of 2021.

Your morning coffee briefing from TFG. Global foreign direct investment is set to partially recover after plummeting in 2021. Enhanced Integrated Framework (EIF)’s Annual Report highlights resilience of poorest countries despite the COVID-19 pandemic.

The UK and Australia have entered into a momentous trade agreement, the first on the road to the post-Brexit economy. This deal is the first stepping stone on the UK’s journey to joining a wider Asia Pacific trade agreement.

International Chamber of Commerce (ICC) warns G7 leaders they risk imposing major costs to the global economy

Department for International Trade (DIT) launches new mentorship programme to help UK farmers and food producers boost their exports.