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Miami-headquartered fintech company Calculum has launched a new data-as-a-service (DaaS) platform that aims to help companies negotiate better payment terms with trading partners and boost their cash flow. Powered by artificial intelligence (AI) and machine learning, the platform analyses various aspects of a company’s buying counterparty or supplier, before providing insights on how the firm ...

The International Finance Corporation (IFC), Citi and multinational food company McCormick have rolled out a new programme offering environmental and sustainability-linked financing incentives to McCormick’s herb and spice suppliers. The programme has been launched in Indonesia and Vietnam, where suppliers will qualify for discounted rates on their short-term working capital financing when they meet sustainability ...

Regional growth in goods trade has been more varied than ever before amid the recovery from the pandemic, according to a World Trade Organization (WTO) report. The East – steered by China – is dominating the global rebound, while Western powers lag behind. It has been clear for the last 12 months that East Asian ...

A €241mn facility extended by the UK export credit agency for the construction of six hospitals in Côte d’Ivoire has been activated after being signed earlier this year. The deal between UK Export Finance (UKEF) and Côte d’Ivoire’s economy and finance ministry includes a combination of direct lending and buyer credit. It is accompanied by ...

The US government has taken aim at China’s solar panel industry in an effort to root out alleged forced labour from American supply chains. Meanwhile the UN has pressed the Asian giant to allow it to investigate claims of human rights abuses in the Xinjiang region. US Customs and Border Protection (CBP) issued a withhold release order (WRO) against Hoshine Silicon Industry Co Ltd, a Xinjiang-based company, on June 24. Shipments from Hoshine containing silica-based products, used to make parts of solar panels, will now be immediately detained upon entering the US. The solar industry is vulne...