hello, i m with your top business stories. should one of britain s most influential newspapers be owned by the abu dhabi royal family? that s a question the uk government has been grappling with since the 169 year old daily telegraph agreed to a major investment from a uae backed firm late last year. redbird imi is backed by shekih mansour bin zayed al nahyan who also owns manchester city football club. the deal has been put on hold until later this month while uk media regulators examine it. but the man leading the bid, the former boss of cnn jeff zucker, has dismissed concerns about editorial interference by the gulf government at the telegraph and its sister magazine the spectator. speaking exclusively to our business editor simonjack, he said the deal will provide much needed investment in uk journalism. we think it is a two terrific brands that have been under invested in for a long time and is a great opportunity to export these brands, to invest in these brands, br
shipping goods in a 12 metre container from asia to northern europe has more than doubled in price from above $4000. asia to mediterranean rates have climbed to well over $5,000. this is happening because shipping companies usually increase rates and add surcharges when there is delays. disruptions or periods of unusually high traffic and that s exactly what we have here, instead of making the usualjourney here, instead of making the usual journey through the here, instead of making the usualjourney through the suez canal which is used to ferry as much as the third of the global container cargo, more and more ships are now opting for taken that much longer route around southern africa and those extra costs, as well, ultimately being transferred to customers via these rate hikes. at least in the very short term, it doesn t look like the situation will improve, that s because this is happening at that time of the year, after the holidays when businesses scramble to reserve container sp
should the abu dhabi royal family be allowed to buy britain s daily telegraph newspaper? the man leading the bid says its editorial independence would be safe. the fact is, democracy needs journalism and today, journalism and today, journalism needs investment and that s what we are here to provide. also coming up is an end in sight to europe s cost of living crisis? we ll take the temperature as the eurozone awaits its latest inflation data. plus, sandwiched in the middle. the boss of mcdonald s says it s taking a meaningful hit to its business from boycotts over its peceived support for israel. and tinseltown on thames. from barbie to batman. the british film industry is on a roll as more studios move production to the uk.
disruption. how much of a headache this latest problem becomes for businesses and consumers will depend on how long the threat to one of the world s biggest trade routes continues. katy austin, bbc news. the cost of shipping goods between asia and the us and europe has been soaring according to industry data. joao da silva in singapore has been looking at the numbers for us. let sjust say that if for us. let s ust say that if the aim for us. let s ust say that if the aim of for us. let sjust say that if the aim of these for us. let sjust say that if the aim of these attacks i for us. let s just say that if. the aim of these attacks was for us. let s just say that if - the aim of these attacks was to disrupt global trade, they do seem to be having that intended effect, contain shipping companies started diverting traffic away from the red sea route, on a few weeks ago and already, rates for container ships between asia, europe and north america as spiking. to give you an idea, a