A new report by Lloyds Bank shows that UK businesses have an opportunity to flourish through exporting.
In the final quarter of 2022, global exports of intermediate goods (IGs) experienced a significant decline, dropping by 10% to reach a value of $2.3 trillion. This downturn was a… read more →
The UK government, in a significant stride towards expanding trade and investment prospects between the two nations, launched the Developing Countries Trading Scheme (DCTS) in Manila. The event commenced with… read more →
Breach detection is the very essence of EyeSeal. Its standout characteristic lies in its internal installation of the device within shipping containers, delivering a significant edge over externally mounted devices that are susceptible to tampering.
Today, EyeSeal Inc., along with PROSS and Tempest, their global distribution partners, announced that EyeSeal’s cargo breach detection device and EyeTrack application have successfully completed Gateway2Britain digital trade pilot. EyeSeal… read more →
China experienced a 7.5% decline in exports in May compared to the previous year, while imports were down by 4.5%, signalling a deceleration in the economic recovery post the lifting… read more →
In an exciting development for UK businesses, the UK’s trade deals with Australia and New Zealand have officially come into force today, 31 May, marking the first negotiated trade agreements… read more →
To successfully digitalise Bills of Lading, the three necessary foundations are law, standards and technology. Without their proper application, any eBL SaaS platform, notwithstanding the attractiveness of the business model, is unstable.
Finance Minister Choo Kyung-ho of South Korea has dismissed the notion of decoupling from China, emphasising the significance of the world’s second-largest economy as Seoul’s “most important partner” for economic… read more →
Today, Trade Secretary Kemi Badenoch flew to Switzerland to launch negotiations on a new UK-Switzerland free trade agreement (FTA) to boost trade between the two services superpowers. Switzerland is one… read more →
The COVID-19 pandemic caused global central banks to take emergency action to support the world’s economies; one such measure was the rapid cut in interest rates to record lows.
The United States Dollar has been the de facto global currency for the better part of the past century. While rhetoric questioning its longevity in this role has been around for decades, the past year has seen more leaders of rapidly emerging economies beginning to question why it still needs to be this way.
The resilience of Ukrainian businesses deserves special attention. Entrepreneurs have not only survived the beginning of the war, but continue to develop their businesses. According to a survey, as of March 2022, only 13% of enterprises were operating as they were prior to the war, 48% were operating at partial efficiency, and 35% suspended operations and were waiting for better times.
VIDEO: Learn more about the letter of credit and the rules governing its use in this four-part interview series with Pradeep Taneja of ICC Bahrain. Includes: tips and explanations of the UCP 600 and the evolution of the rules.