GTR News Brief Episode 11

Host Felix Thompson gives a breakdown of the major stories in trade and trade finance news this week.

Damage to Beirut Port following last week’s explosion is disrupting vital food supply lines, while questions emerge over how a 2013 shipment of ammonium nitrate ended up in storage there.

ABN Amro has announced it is ceasing all trade and commodity finance activities, following heavy losses due to Covid-19, low oil prices and the Hin Leong fraud scandal in Singapore.

 

Elsewhere, Afreximbank's customer due diligence platform has onboarded nearly 200 African entities, but barely a handful of international financial institutions have signed up. 

Reporter Maddy White also gives a closer analysis on the European Council's decision to impose cyber sanctions for the first time ever. 

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