February 2023

Fossil fuels had a comeback year, but the green transition is accelerating.

The annual Global Finance Best Trade Finance and Supply Chain Finance awards ceremony took place in London on January 25.

Joon Kim, BNY Mellon’s global head of Trade Finance Product & Portfolio Group Treasury Services, explains how digitalization helps companies cope with business disruptions.

Marie-Laure Gastellu, head of Trade Services at Societe Generale, shares her thoughts on the role of data, ESG and ISO 20022 in trade finance.

Supply chain finance is keeping goods and materials moving along despite obstacles and setbacks.

The surge of early 2022 is gone, but there are still signs of hope for new trade growth.

Ellen Zimiles, partner at Guidehouse and the firm’s Financial Crime, Fraud & Investigative Services leader, speaks with Global Finance about corporate fraud and managing risk.

Saudi Arabia went in a decade from a desert kingdom to one of the world’s most connected nations.

Complying with open banking is a requirement for all Saudi banks, and most have started adapting.

Large lithium deposits have been found in the troubled region of Kashmir.

As Iran edges closer to gaining the ability to build nuclear weapons, Saudi Arabia is beginning to make similar moves.

The ozone layer should be restored to its 1980 condition by 2066 according to scientists.

According to Sweden’s state-owned mining company LKAB, more than one million tons of rare earth oxides—the largest deposit of its kind in Europe—was discovered near Kiruna, about 1,000 kilometers north of Stockholm.

The Swiss National Bank projects losses on foreign currency transactions of CHF131 billion, with another CHF1 billion in losses on positions held in Swiss francs.

Today, due diligence means digging deeper and getting granular, as there is less leeway for underwriting assumptions to be wrong.

The controversy of CEO pay was also on the agenda at the World Economic Forum in Davos the week after Apple CEO Tim Cook’s pay cut was announced. 

The world's wealthiest individual, Bernard Arnault has chosen his eldest child, Delphine, to head up Christian Dior.

Japanese Prime Minister Fumio Kishida will nominate a new head of the BoJ perhaps as early as February. 

Stephanie Linnartz will become CEO of Under Armour after spending 25 years at Marriott International.

Audit companies face an audit by a government oversight agency and are found lacking.

Although financial restructuring has been developed as a stand-alone practice within international firms, especially during countercyclical economic periods, restructuring the digital-asset space is revolutionary and new. 

Microsoft is moving swiftly to consolidate its position in the AI race. 

Home-grown grain may be the solution to the global wheat shortage caused by the Russia-Ukraine war.

BBVA has entered the Central American market through an alliance with BAC Credomatic and is offering transnational transaction services.

Activist investors are targeting a beleaguered Disney in turmoil.

Japan's policymakers are encouraging consolidation in the banking system, sparking a wave of regional bank mergers and acquisitions.

China's government is relaxing its crackdown on the tech sector while scooping up premium shares in certain players in the tech industry.

A Subway sale would be the biggest restaurant M&A deal since Inspire Brands bought Dunkin’ for $11.3 billion in 2020.

Whirlpool's global competitors are scooping up the company's assets as it reduces operations abroad.

Investors should watch Malaysia for substantive progress toward reform.