routes in the area. there have been concerned the israel hamas would widespread the region. these are two of the world s biggest choke points. the situation has come to a head because two big shipping companies, maersk, the container company and hapag lloyd another big shipping container company have both announced that they would stop sending shipping through the babar el mandeh strip. you have to make a longer passage through the cape of good hope, this might add nine days or six days to the united states. forships days or six days to the united states. for ships traversing from the atlantic to the pacific ocean through the panama canal there are additional issues, let s hear from the independent economist cornelia meyer. cornelia meyer. when you look at trade from cornelia meyer. when you look at trade from shanghai - cornelia meyer. when you look at trade from shanghai to - cornelia meyer. when you look at trade from shanghai to new| at trade from shanghai to new yor
so let s get down to business and we begin here in the uk where families are brutally exposed to the effects of soaring inflation that s the conclusion of a report out today from the think tank the resolution foundation. it warns the very slow growth in wages since the 2008 financial crash has left families in the uk particularly vulnerable to high energy, food and fuel prices and those most vulnerable are families in rental accomodation, single parents and those with young children. i m joined now anna macdonald, fund manager at amati global investors. what s interesting about this report, we are not surprised to hear families are struggling, especially those in single parent homes, that kind of scenario but what i found interesting was uk households are worse hit than other countries. what does it say? it s an interesting report going back over time, working out that wages have been rising at a slower pace than several other developed economies. and that really goes dow
but let s start with the war in ukraine. on thursday leaders agreed use the interest from frozen russian assets to raise $50 billion for kyiv s war effort, plus humanitarian assistance and reconstruction efforts. the g7 countries which include the us, canada, britain, france, germany, japan and italy are sitting on about $300 billion in seized russian assets. meanwhile, speaking in moscow, president vladimir putin on friday laid out his terms for a ceasefire. mr putin demanded ukraine withdraw from four regions of ukraine that are partially occupied by russia and abandon efforts tojoin nato. both ukraine and the west dismissed the proposal. 0ur diplomatic correspondent james landale is following reaction and the latest from the g7 in italy. the war in ukraine has been fought on the reference. you have the fighting on the ground, the industrial arms race to generate as much ammunition as possible, and then you ve got the global diplomatic battle for international opinion.
Economy. Fox News Correspondent Brian Dennis is in allentown economy. Fox tolling shows economy is number one issue in pennsylvania, nations largest battle ground state, you condition why. People are. Getting ahead financially, and 40 are falling behind, numbers tell the same story in battlegrounds, georgia, michigan and wisconsin, Bob Casey and Republican Challenger Dave Mccormack are in general Election Mode here in pennsylvania attacking one another on inflation, both Senate Candidates are running unopposed. Former President Trump will be in new York City on monday for his criminal trial, a trial democratic admits would not have happened if we were impeached
Economy. Fox News Correspondent Brian Dennis is in allentown economy. Fox tolling shows economy is number one issue in pennsylvania, nations largest battle ground state, you condition why. People are. Getting ahead financially, and 40 are falling behind, numbers tell the same story in battlegrounds, georgia, michigan and wisconsin, Bob Casey and Republican Challenger Dave Mccormack are in general Election Mode here in pennsylvania attacking one another on inflation, both Senate Candidates are running unopposed. Former President Trump will be in new York City on monday for his criminal trial, a trial democratic admits would not have happened if we were impeached