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Senate confirms Lewis as US Exim head | Global Trade Review (GTR) - Vimarsana News

Senate confirms Lewis as US Exim head | Global Trade Review (GTR)

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 ...

EU launches Chips Act to onshore semiconductor manufacturing | Global Trade Review (GTR) - Vimarsana News

EU launches Chips Act to onshore semiconductor manufacturing | Global Trade Review (GTR)

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 ...

US standards body lays out SCF transparency plans | Global Trade Review (GTR) - Vimarsana News

US standards body lays out SCF transparency plans | Global Trade Review (GTR)

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 ...

European Commission's green nod to gas reignited energy transition debate - Vimarsana News

European Commission's green nod to gas reignited energy transition debate

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 ...

Banks face compliance 'nightmare' over looming Russia sanctions - Vimarsana News

Banks face compliance 'nightmare' over looming Russia sanctions

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 ...