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Nordea has hired Pär Ullbro as its new head of trade solutions, starting in March 2022. Ullbro has spent the last 14 years at Norway’s DNB, most recently as head of working capital solutions for Northern Europe. At Nordea, he will report to head of transaction banking Erik Zingmark. “Pär comes with extensive experience in ...
The supply chain bottlenecks that have become a fixture of global trade will persist well into next year, according to industry forecasts, but are likely to ease by the start of 2023. A sudden plunge in goods demand at the beginning of the coronavirus pandemic last year, followed by an equally sharp revival, helped set ...
Oil exports from the Amazon are being driven by demand from refineries in California, researchers have found, as the Ecuadorian rainforest overtakes Saudi Arabia as the state’s largest supplier of foreign crude. Research published by Stand.earth and Amazon Watch finds that half of all crude oil exported from Amazon regions ends up at refineries in California. The vast ...
A London insurance broker is no longer liable for part of a £31.3mn loss suffered by Dutch bank ABN Amro in a commodities finance arrangement that came unstuck. In a December 2 judgement, the UK Court of Appeal reversed a High Court ruling last year that found trade risk specialist Edge Brokers was liable for £3.3mn ...
The UK government’s rush to secure new trade agreements means it may not be doing enough to ensure companies can take advantage of deals already reached, according to an independent audit. A report published today by the National Audit Office (NAO), a public spending watchdog, says officials have made “significant progress” in running multiple trade negotiations at the same time. The ...