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 nautical miles to thejourney. and there are other issues for ships trying to traverse from the atlantic to the pacific ocean through here. the panama canal is accepting many fewer ships right now because
by the effects of strikes by public sector workers. the office for national statistics said that a rise in construction activity had been offset by walkouts by teachers and civil servants. it follows a surprise 0.4% jump in economic growth injanuary which brings the uk economy, finally, to a point where it is bigger than it was pre pandemic. the value of sterling rose to its highest level since june of last year, with £1 getting you i dollar and twenty five cents. despite february s flatlining the chancellor described the outlook as brighter than expected . let s get more now with victoria scholar, head of investment at interactive investor. investor. investor. the investor. the last investor. the last few investor. the last few minutes investor. the last few minutes we investor. the last few minutes we had investor. the last few minutes we had at the in the last few minutes we had at the elite has production data from the elite has production data from the euro is aime
civil servants. meanwhile, separate data from the bank of england shows british lenders reported a sharp increase in the rate at which households and businesses defaulted on loans such as mortgages. the chancellor said the economic outlook was still brighter than expected. let s bring in the chief economist at kpmg. the uk economy remains weaker than any other country in the g7. we still have twin drives of high inflation and rising interest rates. how resilient do the you think the uk economy is? the latest data has been think the uk economy is? the latest data has been more think the uk economy is? the latest data has been more positive - think the uk economy is? the latest data has been more positive than i data has been more positive than what we feared late last year so it seems like the overall economy is more resilient and the majority of the weakness that we saw more recently is related to strikes rather than any fundamental weakness of the economy but obviously w
hello, i m money inside. this is the knees. al live from joe hall coming up in the next 60 minutes, phase of food shortages am famine. the african union appeals to president putin to release grain supplies from ukrainian ports. what is different between us, asia, we re going to write a desperate call for help from thousands of afghan refugees living in pakistan. see john marks 3 years since the pro democracy protest in which a 128 people were killed by security forces. and i was, i m, i ve been job it at the world heritage site of iraq. so then marcia s, and i ll tell you how the sink. julie s old indian whitland system is slowly dying . i m joanna roscoe was sports as eager as she on take and cut her golf prepared to face off in the french open final and raphael adel remains on track for title number 14 in paris. after now see injury forces his opponent. i found this for to withdrawal hello and welcome to the news and we start with the battle for eastern ukraine, where russi
If we can start off first with, what is the policy that was stitched during the week that has and did some of the green party. The green a some of the green party. The green party share some of the green party. The green party share power some of the green party. The green party share power with some of the green party. The green party share power with the some of the green party. The green party share power with the snp some of the green party. The green party share power with the snp and | party share power with the snp and have done for three years. This week, the Scottish Government announced that they were ditching a key Climate Change targets. They accept that a 75 reduction in emissions by 2030 was out of reach. It was tougher than the uks goal of 68 . The green party have announced they will vote on whether to remain with the snp. Its known as the bute house agreement and they will be a general meeting to decide. Patrick harvey, their co leader has said they will vote. They wil