Page 13 - Personal Data Held News Today

The ‘phase one’ trade deal, signed between the United States and China in January 2020 following nearly two years of tit-for-tat tariffs and tensions, failed to achieve any of its stated objectives, according to new research. In its recent Realtime Economic Issues Watch report, the Peterson Institute for International Economics (PIIE), a US think tank, ...

Ghana’s GCB Bank has raised a US$117mn syndicated trade finance facility from a group of eight lenders. The facility, disbursed in early February, was oversubscribed by more than double its initial launch amount of US$50mn. London-based alternative trade finance, Africa Trade Finance, is the bookrunner and co-ordinator of the facility, while First Abu Dhabi Bank ...

Three shipping industry associations have joined forces with the International Chamber of Commerce (ICC) and Swift in a new alliance dedicated to standardising digital trade documents. The Future International Trade (FIT) Alliance brings together the two organisations with the Digital Container Shipping Association (DCSA), the International Federation of Freight Forwarders Associations (Fiata) and the Baltic ...

A trio of banking, sanctions and shipping organisations has issued practical guidance for lenders facing increasingly tough restrictions on maritime trade, following banking industry concerns over how best to tackle illicit activity. The guidance, published today by the Association of Certified Sanctions Specialists, the Institute of International Banking Law & Practice (IIBLP) and IHS Markit, ...

MonetaGo’s hiring spree continues apace with the appointment of Mark Borton to the newly created role of managing director, Australia and New Zealand, effective immediately. Based in Sydney, Borton joins the financial technology solutions provider following 11 years at National Australia Bank, where he held the dual roles of head of transactional and trade sales ...

The US Senate has confirmed Reta Jo Lewis as president and chair of the board of directors of the Export-Import Bank of the United States (US Exim). A little over a year after the Joe Biden administration took power, and five months after Lewis was named as the preferred candidate for the role, this week ...

The European Union has laid out plans to ramp up semiconductor manufacturing across the bloc, as it bids to stave off a future supply crisis and reduce its dependency on imports from Asia. This week, European Commission President Ursula von der Leyen unveiled the bloc’s new European Chips Act which aims to draw in more ...

Companies that use supply chain finance (SCF) products are set to be hit with stricter disclosure requirements, as an influential US-standards setting body works to “enhance transparency” in the sector. The Financial Accounting Standards Board (FASB) unveiled the plans in a proposed accounting standards update in December, a little over a year after the independent ...

The European Commission’s decision to allow gas and nuclear power projects to be considered sustainable investments has fuelled debate over the role of the two energy sources in the transition away from coal and gas. The Commission announced on February 2 that gas and nuclear power will be added to the EU taxonomy on sustainable ...

The imposition of US and European sanctions on Russia could create an unprecedented compliance headache for financial institutions, legal professionals are warning.  Western governments continue to threaten Russia with restrictions on trade and financial flows if it embarks on military action against neighbouring Ukraine. The Kremlin denies it plans to launch an attack, but has ...