China’s exports jump by a third to £190bn while imports climb by 40 per cent May 7, 2021 China’s exports surged 32.3 per cent in April compared to the previous year as global demand revived despite the persisting coronavirus pandemic. Exports rose to £190bn, in line with the previous month’s growth but down from the explosive 60.6 per cent rise in the first two months of 2021, customs data showed earlier today. Imports [...]
Paper documents for international trade could be scrapped under new proposals April 30, 2021 The Law Commission has started consulting on proposals that could see paper documents in some areas of international trade scrapped in favour of electronic documents, a move that could save billions of pounds. International trade still relies on the use of paper documents, which is both costly and inefficient, and recently became an additional risk [...]
Exclusive: Scrapping paper documents could boost UK trade by £25bn April 29, 2021 Digitising business and removing tens of millions of paper documents would boost small British businesses’ overseas trade by £25bn over the next four years, according to new research. A report by the International Chamber of Commerce (ICC), seen by City A.M., argued that UK firms were trapped in the “bureaucracies of the 16th century” and [...]
Before the Bell: UK remains steady as economy slowly starts to reopen April 20, 2021 European stocks started the week in a subdued fashion, with the FTSE100 only just managing to close above the 7,000 level, while the DAX also slipped back from its record highs of last week. US markets also finished the day on the back foot, weighed down largely by weakness in tech stocks, which may well [...]
Before the Open: Late US tech selloff set to act as a drag on European open April 15, 2021 US markets saw another mixed close yesterday, only this time it was the S&P500 and Nasdaq that finished the day lower, while the Dow and Russell 2000 finished higher on the day. Despite the mixed close the S&P500 and Dow still managed to post new record highs. Coinbase finished its first day of trading, closing [...]
Brexit: We must use EU divorce to slash tariffs for developing nations and boost UK trade, says PM adviser April 13, 2021 Brexit: We must use EU divorce to slash tariffs for developing nations and boost UK trade, says PM adviser
Markets shift into neutral gear ahead of heavyweight data April 13, 2021 Financial markets look to be shifting into neutral gear ahead of heavyweight data starting with China’s Trade Balance due shortly, UK GDP this morning, US CPI this evening, and the start of earnings season in the US, led by big banking. “Wall Street went nowhere overnight, the US 10-year Note auction passing without incident, leaving [...]
The Week Ahead: Tesco, Coinbase IPO, JD Sports, JPMorgan, Goldman Sachs April 12, 2021 Some of the biggest banks are set to report earnings this week, with JPMorgan, Wells Fargo and Goldman Sachs all due on Wednesday. On a macro level, Tuesday’s UK GDP figures and inflation data from the US are undoubtedly going to be important. Meanwhile, the largest US cryptocurrency exchange, Coinbase, goes public. City A.M. looks at [...]
Brexit: EU online deliveries to UK have halved April 8, 2021 Online deliveries to the UK from Europe have plunged 50.7 per cent in the first quarter of 2021, according to e-commerce shipping platform Sendcloud. New shipping requirements and extra VAT costs have drastically cut EU to UK shipments compared to the final quarter of last year. The new data has stressed the delivery issues online [...]
Cement the Special Relationship with some American Whiskey March 30, 2021 Earlier this month the Biden administration announced it was suspending Trump-era tariffs on the import of Scotch whisky to the US, reducing the price of single malts for American consumers. If you wanted to reciprocate, there are many long-established American whiskeys you could purchase, but if you’re willing to try something new, your adventurous spirit [...]