the german shipping line hapag lloyd has said in the last couple of hours that it will continue to avoid the area for at least another week. it made the decision after another ship belonging to its rival maersk was attacked over the weekend. in that attack, houthi rebels based in yemen hit the ship with a missile and tried to climb aboard before the us navy intervened and sank the rebels four boats killing the crew in the process. the us military says there have been at least 23 attacks since mid november on a route that acconts for about 12% of global trade and which is now being avoided by several of the world s biggest shipping companies. let s unpack the latest on this with peter sand, chief analyst at the shipping analytics platform xeneta. thanks forjoining us. does this latest development suggests tha things are getting worse rather than better? you are hitting the nail on the head. we can see that from the direct developments on the platform where an essential
are the closest estimation to its sales figures. 0ur north american business correspondent reports. byd calls itself the biggest car brand you have never heard of. but that may be about to change. the chinese automaker sold more battery powered electric vehicles in the last three months of the year than tesla did. that is a first. the american company is facing headwinds. higher borrowing costs in the us led to slowing demand but its lesser known chinese rival is enjoying tail winds, including a massive domestic market, cheap labour, and strong government support. and unlike tesla, byd makes its own batteries. so controlling that part of the supply chain gives byd more flexibility to cut prices, which it did in the last part of the year, sending sales spiking. as my colleague has just reported, tesla s latest number puts byd ahead of the curve. the chinese ev maker reported around 3 million in sales last year but that number comprises both electric cars and hybrid vehicles. e
good morning todd and ashley. biden s national security advisor met the top advisor in vienna who said america wants to move beyond the incident. where they lasted that chinese spy machine out of the sky. we spoke to the press on air force one on the way to japan. common concerns and issues associated with the policies and practices of the people s republic of china that will come up and i think you will see alignment and convergence around fundamental principles of our approach to the people s republic of china. president biden will be a japan through sunday with meetings. the trip was supposed to include a trip to papua new guinea and australia but the unresolved debt ceiling will cut this trip short. the president spoke before catching his flight to japan. i m confident we will get the agreement on the budget and america will not default and every leader in the room understands the consequences if we fail to pay our bills and it would be catastrophic for the americ
called epidermolysis bullosa. one down, two to go an extraordinary acheievement, says pep guardiola, as manchester city lift their third premier league title in a row and set their sights on a famous treble. good morning. iam out i am out of the chelsea flower show in the samaritans garden. in the samaritans garden. there are 36 aardens in the samaritans garden. there are 36 gardens here in the samaritans garden. there are 36 gardens here this in the samaritans garden. there are 36 gardens here this year. - in the samaritans garden. there are 36 gardens here this year. 12 - in the samaritans garden. there are 36 gardens here this year. 12 show. 36 gardens here this year. 12 show gardens. it is the hundred and i2 gardens. it is the hundred and 12 the year of the chelsea flower show. for all of us this week it is looking mostly dry with a fair bit of sunshine, and feeling pleasantly warm. details coming up. good morning. it s monday, 22nd may. our main story. the prime m