As the polycrisis of nature, climate and social justice unfolds, the notion of ‘business as usual’ is being disrupted. Whilst Scope 1 and 2 GHG emissions are largely under the control of an organisation, Scope 3 are considered the ‘hidden’ emissions, intricately woven into a company’s supply chain.
Gunvor Group, a global physical energy trading company, recently finalised a 5-year term loan valued at €400 million.
One year after an EU court ruling on beneficial ownership registers left civil society and journalists in 13 countries encountering obstacles or completely unable to access information regarding companies’ real owners, Transparency International (TI) has published analysis of how different European states have responded by introducing disparate approaches to beneficial ownership access.
Remittances to countries with low and middle incomes experienced a growth of 3.8% in 2023, showing a slowdown compared to the substantial increases of the preceding two years.
The government explained that the carbon border adjustment mechanism (CBAM) will target carbon-intensive products in sectors like iron, steel, aluminium, fertiliser, hydrogen, ceramics, glass, and cement.
Alex Gray, Director of Trade and Transaction Banking at the London Institute of Banking & Finance, outlines why the drive for net zero will change trade patterns, why technology could make those changes unpredictable, and how trade professionals can prepare.
Maersk announced a temporary halt on Friday to all container shipments through the Red Sea. This decision was soon followed by Swiss-based MSC and French shipping group CMA CGM on Saturday.
In October, the eurozone shifted from a trade deficit to a surplus, according to the latest non-adjusted figures released on Friday. This change was largely due to a decrease in the value of energy imports compared to the previous year.
Buy-now-pay-later solutions will turbocharge growth in B2B e-commerce, combining trade credit insurance with a seamless digital purchasing experience.
Trade credit insurance (TCI) and surety play a vital role in the global economy, yet they are often overlooked. These instruments provide a safety net that allows businesses to navigate unpredictable financial landscapes more confidently, ensuring that their cash flow remains stable and contractual obligations are met.
IXM S.A. (“IXM”) has successfully finalised and signed a $850 million revolving credit facility (“RCF” or “Facility”).
At the COP28 climate summit in Dubai, representatives from nearly 200 countries reached an agreement to start reducing the global consumption of fossil fuels.
The UNIDROIT’s Factoring Model Law, the FCI Legal Study, and the IFC Knowledge Guide on Factoring Regulation and Supervision, reflects a collective endeavour meticulously designed to operate in harmony.
Today, Enigio AB accounced that its digital original documents solution, trace:original, is now accessible on Temenos Exchange. This integration allows banks and corporates to transition to a completely paperless operation for all their trade documents.