The Bank of England has surprised investors today by voting against a rise in its benchmark interest rate, which would have been its first since August 2018.
A new report by Euler Hermes has found that the UK economy is “trapped by policy choices” going into the end of 2021 and beginning of 2022.
UK budget: Sunak promises action on HGV crisis, shipping and tonnage tax, warns of further inflation
British Chancellor Rishi Sunak today presented his Autumn Budget of 2021 to the UK House of Commons.
The notion of ‘debt-trap policy’ has elicited much debate about whether entities that deliberately flex their financial muscle to exert dominance over desperate countries exist. This work highlights its meaning, the actors, and its effects on trade and economic development.
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.
ICC Trade Register 2021 – 6 top takeaways and the low-risk nature of trade finance as an asset class
The 2021 ICC Trade Register summary, on the credit risk profiles of trade finance, supply chain finance and export finance transactions. Read our summary on 38m transactions representing USD $19.2t exposures, and 28% of global trade flows.
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.
Your morning coffee briefing from TFG. Exports of intermediate goods sustain gains in Q1 of 2021 after rebound from pandemic, job slow down could lead the Federal Reserve to continue with stimulus, inflation could spark new financial crisis, China says US tensions threaten fight against climate change and UK labour crisis could last up to two years, CBI warns.
The global macro economic impact of the pandemic and how its prolonged impact on certain sectors and trade was discussed at length in a panel moderated by Jake Jacobson at the BAFT’s 2021 virtual Global Annual Meeting.
Plain sailing ahead for UK freeports? Probably not. TFG’s McKenzie summarises the key points from the UK budget and what it means for trade.
The macroeconomic indicators used to analyse China’s economy over the past few years include economic growth and trade, monetary and fiscal policy and inflation trends.
Gold – chemically abbreviated to ‘Au’ originating from the Latin word ‘Aurum’, is widely seen as the investor’s safe haven in times of economic turmoil. The reason for this, is… read more →
GBP/EUR approached a two year low this morning with today’s rates not matched since June 2014. The Pound may have suffered from a dip in investor confidence relating to the… read more →
The ECB stimulus – what is happening? The European Central Bank is basically offering financial institutions free money – The ECB has reduced the eurozone interest rates to zero, increased… read more →