A growing number of banks surveyed by FIS plan to increase spending on technology next year, as efforts accelerate to upgrade trade finance platforms and incorporate artificial intelligence. Financial technology giant FIS says just over half of 200 banks quizzed expect their technology budget to increase over the next year, with improving operational efficiency and ...| Global Trade Review (GTR)
Soaring long-term demand for copper will require as much as US$250bn in investment over the next five years, UN research says, yet analysts warn the mining sector is bracing for a tariff-induced recession. Global demand for copper is expected to rise 40% by 2040, driven by digital expansion and clean energy, UN Trade & Development…| Global Trade Review (GTR)
The World Trade Organization (WTO) has warned that global goods trade is now expected to shrink this year, driven by plummeting import and export figures from North America in the wake of the US’ tariff overhaul. The WTO had initially forecast a continued steady expansion of trade in 2025 and 2026, but following the announcement…| Global Trade Review (GTR)
Companies are being urged to review their procurement and supply chain strategies in the wake of the US government’s tariff programme, as concerns grow over shipping costs and price rises across a range of goods. US President Donald Trump’s imposition of sweeping tariffs on imports, and retaliatory measures from trading partners across the world, has…| Global Trade Review (GTR)
A New York judge has granted Trafigura permission to subpoena records from major banks to help trace the whereabouts of funds paid to a metals trader it accuses of fraud. The commodity trading giant asked a court in New York late last month to grant it access to records held by several big banks for ...| Global Trade Review (GTR)
