The Latest Breaking News from CIPS

US sanctions have India cornered. BRICS charts an escape route

US sanctions have significant implications on international trade, especially concerning countries like India. As BRICS countries explore alternative payment systems, the renminbi could become an attractive option. This change might reduce reliance on the US dollar and offer nations more strategic autonomy. The recent discussions emphasize the importance of cross-border…

The Economic Times · Oct 21

Price of consumer goods could surge as shipping costs soar, industry body says

CIPS warns of ‘cracks’ in global supply chain affecting computers, electrical machinery and transport equipment

The Guardian - UK · Feb 1

Nearly a third of bosses report increase in cyber-attacks on their supply chains

CIPS survey shows cyber threats have risen up the list of concerns for procurement managers

The Guardian - UK · Oct 6, 2025

UK economy on brink of recession as Truss takes over, figures show

Activity in manufacturing and services fell last month as businesses struggle with soaring costs

The Guardian - UK · Sep 5, 2022

Why China's Banks Won't Come to Russia's Rescue

On paper, China's banks and its homegrown payments system could offer Russia respite from crippling Western sanctions. China has helped other nations evade sanctions, and both China and Russia share an interest in weakening the dollar's hold on the international financial system.

Bangkok Post · Mar 6, 2022

Services sector growth up by fastest pace for eight months despite price hikes

The IHS Markit/CIPS services PMI survey scored 60.5 in February, up from 54.1 in January and the highest score since last June.

The Independent UK · Mar 3, 2022

Manufacturing grows as supply chain disruption eases

The closely followed IHS/CIPS Purchasing Managers Index scored 58 in February as manufacturers stocked up on products.

The Independent UK · Mar 1, 2022

Analysis: Can China Help Russia Evade SWIFT Banking Sanctions?

The value of the ruble has plummeted following access restrictions placed on several Russian banks to the SWIFT global bank payments system.

Benzinga · Feb 28, 2022

Service sector bounces back in January as Omicron curbs ease

The closely-watched IHS Markit/CIPS UK Services PMI survey scored 54.1 in January, recovering from a 10-month low of 53.6 in December.

The Independent UK · Feb 3, 2022

Omicron drags UK economy to slowest growth in 11 months

The IHS Markit/CIPS flash UK composite PMI report came in at 53.4 for January so far.

The Independent UK · Jan 24, 2022