Persistent attacks by Houthi rebels in the Red Sea have rattled a major shipping route through the Suez Canal, which has led to soaring shipping costs and a jump in oil prices.
(Bloomberg) Soaring shipping costs and a jump in oil prices are stoking worries about a revival of inflation pressures around the world.Most Read from BloombergCiti to Cut 20,000 Roles in Fraser’s Bid to Boost ReturnsLarge Backers of Private Equity Are Asking For Their Money BackIran Wins With US Airstrikes on Houthis in YemenBlackRock Buys Infrastructure Firm GIP for $12.5 Billion in Major Alternatives PushGoogle Lays Off Hundreds in Hardware, Assistant, EngineeringOnly days into a 2024 that
Global Inflation Was About to Be Tamed Now Red Sea Attacks Fan Revival Fears bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Labor talks between West Coast dockworkers, cargo-handling companies and container shipping lines are entering a new, high-stakes phase with the expiration of the contract covering U.S. seaports from Washington state to Southern California. With both sides remaining far apart on issues including pay and automation, the multiyear contract was due to end late in the .