Speaking at Davos, Chancellor of the Exchequer Sajid Javid stated that the UK will be going ahead with its proposed Digital Tax. Expected to be in place for April 1st, 2020 the tax is designed to target multinational corporations/ conglomerates with a revenue derived from either from the provision of a social media platform, a search engine or an online market place.
Shop Talk: TFG sat down with Peter Mulroy, Secretary General of FCI, to discuss his views, from an FCI perspective on the factoring and SCF industry in 2019, as well as his thoughts for what could be in stock for 2020. Hold on tight!
In the past few years, Twitter has evolved from a casual social media platform to a legitimate arena for political and economic discussion. As the decade comes to a close, it feels appropriate to look back on the top ten tweets in the trade sector that we’ve seen in 2019.
We caught up with the Head of Trade Origination & Advisory at Natwest Bank, to talk about trade in the UK, given the current uncertain geopolitical climate around Brexit. We asked Rowan Austin about the current outlook for UK SMEs, trade barriers and how the bank is approaching trade and transaction banking digitisation through some of its initiatives at Sibos 2019.
Twitter has changed the way politics is portrayed. Not only has it arguably drifted political opinions further apart, but it has also given rise to issues like false information and hate speech in the political discourse.
Over the past few weeks, trade spats have shaken global markets. Worldwide, trade conflicts are being borne of political rather than economic woes — is this the new normal?
Despite today’s climate of rising trade tariffs and falling trade volumes, UniCredit’s Global Head of Global Transaction Banking, Luca Corsini, claims we have reason to remain optimistic for trade finance revenues in the coming months, pointing to the rising need for security in trade transactions, the rise of digital platforms to simplify and expand service provision, and continued infrastructure development stemming from Asia.
The pound had a rocky August as the October 31st Brexit deadline drew nearer and the ongoing drama of Brexit intensified. Prime Minister Boris Johnson rocked the pound by staying firm on the path to leave without a deal if nothing was agreed by the 31st October
The volume of space dedicated to ‘trade wars’ in the past few months is vast. But this does not guarantee the subject has been properly examined and analysed. I would like to suggest another perspective, questioning some common assumptions.
Donald Trump provoked trade disputes between the US’s trading partners all around the world. Most dramatically, Trump has imposed waves of tariffs against China on nearly half of the Chinese exports to the US.
In July the pound continued its march lower as markets prepared for the prospect of a PM who would be more aligned with a no-deal Brexit outcome
Boris Johnson has now formally accepted the Queen’s invitation to form a government. TFG heard from leaders in trade, treasury, export and finance.
The Brexit calamity continues, as Boris Johnson takes to No 10 Downing Street following the Conservative Party Ballot Paper result, taking strategic control of the UK government.
The pound continues to weaken as talk of a no-deal outcome heats up and uncertainty continues. The fact is, we’re no closer to any resolution than when Theresa May resigned, and the 31st October is rapidly approaching.
East and Partner’s Martin Smith and Simon Klein discusses emerging Australasian trade finance trends and approaches to capitalize on them. Voice of the Customer Analytics In the face of global… read more →