In the latest episode of the GTR News Brief, the new podcast series from the editorial team, host Felix Thompson gives a breakdown of recent major stories in trade and trade finance news as covered by GTR.
Two Hong Kong-based oil traders say banks have reacted to the fraud scandal in Singapore’s commodities finance sector by restricting credit to the wider market, resulting in substantial financial losses.
In other news, the risk of sovereign default is growing across Africa because of higher debt levels and currency risk.
Elsewhere, we turn our attention to the US presidential race between Donald Trump and Joe Biden, and look at what the election result would mean for the country’s trade policy.
Meanwhile reporter Maddy White explains why the Belt and Road Initiative may hamper Chinese President Xi Jinping’s plans for his country to go carbon neutral by 2060.
