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Transcripts For BBCNEWS World Business Report 20240707

struggling with symptoms. let s start here in the uk, where the new chancellorjeremy hunt has ditched almost all of prime minister liz truss tax cuts announced in the government s mini budget three weeks ago. the financial markets reacted positively to the news, with the pound rising against the us dollar and uk gilts falling. in total £32 billion of the £45 billion in tax cuts have been shelved, these include. the planned 1p cut in the basic rate of income tax is now on hold indefinitely, with the rate remaining at 20%. the cap on energy prices charged to households is now only guaranteed until april next year. for a typical household, it means an annual bill will not rise above £2,500 for the next six months. but plans to cancel the 1.25% increase in national insurance contributions will still go ahead, along with a reduction in stamp duty, and the cap on bankers bonuses will still be scrapped. joining me now is chris southworth, who s the secretary general of the uk i

Global Trade Finance Industry Report 2023: Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F

At a CAGR of 7 4% | Trade Finance Market is anticipated to top nearly $90,212 million in 2030 according to a new research report

Trade finance is projected to witness a significant growth, due to increased disruption and advances in technology, to enhance digitized supply chain finance in the market. The market is largely fragmented, due to higher involvement of several traders, importers, and exporters globally. In addition, traditional trade is changing the historic favorable letter of credit and promissory note and bill of exchange has become less common and replaced by an increase in open account trade and finance. Moreover, the development of technologies such as Optical Character Recognition (OCR) to read container numbers, Radio Frequency Identification (RFID) and Quick Response (QR) codes to identify and trace shipments, blockchain, and enhancing digitization of trade documents drive the trade finance market growth.

Global Trade Finance Market Anticipated to Reach USD 5 00 Trillion by 2028, Driven by Digitization Transformation and Economic Recovery

Global Trade Finance Market Anticipated to Reach USD 5 00 Trillion by 2028, Driven by Digitization Transformation and Economic Recovery
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Global Trade Finance Market Anticipated to Reach USD 5 00 Trillion by 2028, Driven by Digitization Transformation and Economic Recovery

Global Trade Finance Market Anticipated to Reach USD 5 00 Trillion by 2028, Driven by Digitization Transformation and Economic Recovery
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