Africa: Trade briefing

Harding: 2018 was a disappointing year for trade and economic growth generally, but for Africa in particular. At the outset of 2018 there was a great deal of optimism from the IMF, the World Trade Organisation, and even the International Chamber of Commerce, that trade was beginning to pull away and starting to fuel economic growth globally.  Read More…

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Why the G7 matters to Boris Johnson

Why does the G7 matter? In the recent past, it has been largely a talking shop for the leaders of the world’s biggest economies, who gather for a couple of days before sendingout a communiqué generally agreeing that the western consensus should be maintained, and that globalisation is a good thing socially and economically.   Last year, all that changed. Who will forget the picture of Angela Merkel, surrounded by the leaders of Japan, Canada, the UK, France, Italy and the EU, standing behind a table with both hands forcefully…

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Where’s the beef? Why we aren’t out of the woods in US-EU trade talks just yet

On August 2nd, the US and the EU announced a trade deal. The two parties have been locked in discussions since Jean-Claude Juncker and Donald Trump agreed to work towards a free trade agreement in 2018. But on Friday, the EU agreed to buy 45,000 tonnes more hormone-free beef from outside of the EU over the next seven years. Around 80% of this beef will come from the US. This was announced to cheers and celebrations all round, especially on the Trump campaign trail. …

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UK Interest rates stay at 0.75%

Since the financial crisis, monetary policy has been defunct as a tool for manipulating economies over the long term. The UK is no exception, and the Monetary Policy Committee are left with little choice but to leave rates on hold. At a time when there is so much uncertainty in the economy around investment it would be foolhardy to increase rates as it sends precisely the wrong message to business about where our economy could be heading. Since none of…

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IS ANYTHING MOVING THE DIAL IN TRADETECH?

TXF went to ITFA’s Fintech briefing in London in mid-June to investigate what practical progress is being made in the tradetech space and what individual companies present at the event are working on. Transparency and accurate data are key and artificial intelligence (AI), machine learning (ML) and Natural Language Processing (NLP) are all coming into play. Read More…

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