of solidarity for hamas. as a result, some of the world s biggest shipping firms have suspended services through the world s most important route for oil and fuel shipments. with more context, here s our business reporter david waddell. let s have a look at the geography of the situation. right here is the bab al mandab strait. it s right next to yemen, from where those houthi attacks originated. it s at the southern end of the red sea. at the northern end is the suez canal. now, ships cannot pass through the suez canal from the south without first passing through this choke point. a couple of days ago, the maersk shipping container company and hapag lloyd both announced they wouldn t be making that transit. they ve since been joined by other shipping companies. now, if you re a ship master trying to get your vessel from the indian ocean to the atlantic ocean and you cannot or will not traverse through suez, you need to pass by the cape of good hope. that adds an extra 3,000
song all day. we begin in egypt where officials insist traffic is flowing normally through the suez canal despite recent attacks further south in the red sea. iranian backed rebels in yemen have repeatedly targeted commercial vessels, leading some of the world s biggest shipping firms to suspend routes in the area. with more context, here s our business reporter david waddell. let us have a look at the situation. there are where the attacks occurred. at the northern end is the suez canal. you can t make your way unless you first pass this checkpoint. two companies. maersk, the container company and hapag lloyd another big shipping container company have both announced that they would not be making that passage. you have to pass the cape of good hope in south africa. that adds nearly 11,000 nautical miles to thejourney. adds nearly 11,000 nautical miles to the journey. there is another separate issue for the ships trying to traverse through the atlantic ocean and the pacific o
Be found trying to find a lasting, peaceful solution to the different conflicts in the middle east, especially the conflict between israel and palestine. Shares in ladbrokes soars. Well speak to the gc vshv ceo a few minutes time. And bitcoin surges to over 14,000, a move that took it 2,000 higher in just over 24 hours. Welcome to street signs. Im willem marx. The stoxx 600 is up slightly more green on the board than red. A lot of that being driven by the specific action in the markets across the continent lets look at the ftse its up a quarter of a percent the xetra dax up a third of a percent. Thats despite steinhoff, the furniture retailer dropping significantly in early trading the cac cin france up more than 0. 5 the ftse mib in italy up around 0. 3 lets look at the specific sectors driving some of this action travel and leisure the biggest winners so far, up 0. 4 you can see autos trading quite strong on some of the news out of that sector telecoms and media some winners. It look
A rule changes which would benefit an offshore company in which you had invested. Alec baldwin speaks to the bbc about his role as donald trump. Why is that impersonation just so convincing . You get the left eyebrow up and the most down as far as you can. Get in touch with us using the hashtag. Hello and welcome. Im katty kay in richmond, virginia and Christian Fraser is in london. Elections are always held in early november here and one year after donald trump stunned the world, americans are back at the ballot box today. In virginia theyre choosing a new governor in the most closely watched contest in the country since trumps victory. Its a tight contest between Democrat Ralph Northam and his republican rival ed gillespie. And even though hes in asia, President Trump has weighed in on this election on twitter this morning saying edwgillespie will totally turn around the high crime and poor Economic Performance of va. Ms 13 and crime will be gone. Vote today, asap big name surrogates
Still this slowest growth in asia. Yousef i am yousef gamal eldin. Welcome to blommberg markets middle east. Further weakness for the turkish lira. This is taking its toll, the turkish lira are off 22 . Yousef absolutely. Worst quartershe in recent history, 15 weaker. This chart tells the story. Charted the turkish lira performance on a 2016 basis. That has come down. Major events like the attempted coup in 2016, then the Federal Reserve rate hike, that added additional pressure on the turkish lira. You also have higher oil prices. Currentnot help the account position. You have your external financing requirements and your corporate that load debt load. What did they do . They unexpectedly hold rates. We have calls from some, seeing it weaken further. You can see we are still close their to the overbought line on the relative strength index. Just under two hours away from the opening of the emirates markets. Picture, some volumes have not returned in full. Up, Abu Dhabi Energy down, we