GTR eNews: September 7th
GTR's weekly eNews brings you the latest from the global trade and trade finance industry, brought to you by GTR's award-winning editorial team. Subscribe to The GTR Bulletin LinkedIn Newsletter or receive updates directly to your inbox by subscribing here.
Top Stories
Trade finance gap soars to US$2.5tn
Trade finance banks have blamed high interest rates and Russia’s invasion of Ukraine for rejecting financing requests, as a key barometer shows the shortfall in supply has ballooned to US$2.5tn.
Aurubis alleges criminal activity after copper, precious metals invoices manipulated
Metals giant Aurubis says it could face losses totalling hundreds of millions of euros after paying inflated invoices for shipments of copper and precious metals that never reached its warehouses.
Brics expands, but can the group de-dollarise trade?
The entry of major oil producers such as Iran into the Brics alliance has added impetus to its efforts to “de-dollarise” trade, experts say, but any wholesale shift away from the greenback appears unlikely.
Banking, shipping and technology giants throw weight behind eBL adoption drive
Several international trade finance lenders have pledged to help drive adoption of electronic bills of lading (eBLs), following a call to action from shipping associations, Swift and the International Chamber of Commerce.
Podcast of the week
GTR Trade Insights: The future of developing technologies and digital trade
In this episode of GTR Trade Insights, we talk about digital trade with Valeria Sica, the managing director and head of Citi's global trade data, partnership and innovation team.
Feature of the week
Supply chains: A return to normality?
All indicators suggest that the delays, port jams and sky-high freight costs that rocked global trade in the years following the pandemic have now eased, but fresh challenges await supply chain managers.
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Multimedia
GTR Taulia Spotlight: Power of data
In the third episode of the Taulia Spotlight series, we delve into the transformative role of data within financial services, trade and ESG.
On the move
Other stories
Contributed articles
Why now is the time to welcome digital negotiable instruments in trade finance
Global trade is undergoing a radical transformation, both in terms of the digitisation of transactions and their storage on distributed ledgers. These enhancements are being accelerated by legislative efforts from governments across the world.
Transparency, resiliency and technology are driving big changes in supply chain finance
In a landscape shaped by geopolitical risk, economic headwinds, and the need to accelerate the transition to net zero, supply chain transparency, resiliency and technology are becoming essential ingredients for businesses looking to thrive amidst disruption.
Reimagining resilience for tomorrow’s supply chains
Against an unpredictable backdrop, forging robust supply chains requires a strategic rethink of conventional practices. It means fostering greater collaboration, harnessing data-driven insights and embedding sustainability throughout the entire ecosystem.
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