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BBCNEWS Asia July 5, 2024

us will not allow houthi attacks to imperilfreedom of navigation and britain s prime minister rishi sunak saying the uk will always stand up for freedom of navigation and free flow of trade. the big question is will the strikes work? britain s defence ministry says the strikes have already been a blow to the hootie s ability to threaten merchant shipping. the real risk is that the conflict in gaza will escalate throughout the red sea region. major shipping lines and oil giant bp have already diverted vessels around southern africa adding time and cost to journeys rather than risk the red sea. if the crisis continues the increased cost of oil as well as goods could be passed on to consumers. hampering efforts to curb inflation and reduce interest rates. the houthi have attacked 27 ships to date disrupting commerce on those key shipping lanes between europe and asia and they account for about 15% of the world s shipping traffic. the boss of shipping giant maersk has told the bb

BBCNEWS Asia Business Report June 4, 2024 02:34:00

change between the taiwan and us relationship. all three presidential candidates have made multiple trips to the united states to ensure that make sure the united states and all three are taking a similar approach meaning they will continue robust dialogue and slowly build up relations between the two countries. we ma see between the two countries. we may see some movement depending on who wins this election. how would you characterise the relationship they have at the moment? fist relationship they have at the moment? relationship they have at the moment? ., , moment? at the moment it is cold. moment? at the moment it is cold- the moment? at the moment it is cold. the prc moment? at the moment it is cold. the prc has moment? at the moment it is cold. the prc has decided - moment? at the moment it is cold. the prc has decided it l cold. the prc has decided it does not matter who from the dpp is in power, if the dpp is in power they will not pick up the phone when taiwan calls

BBCNEWS Asia Business Report June 4, 2024 02:35:00

that complicates a relationship had as a player for trade? that complicates a relationship had as a playerfor trade? it had as a player for trade? it is interesting for trade because the relationship has not really iced in terms of trade but lately the prc has been trying to coerce taiwanese voters through trade. but despite icy relations we have seen a robust trading partnership and ultimately this helps, at the very least to keep these and remind xi jinping that any sort of war with taiwan will be very costly not just with taiwan will be very costly notjust in terms of human life but it would damage the prc s ability to continue its economic reform. , economic reform. both parties do have mutual economic reform. both parties do have mutual benefit - economic reform. both parties do have mutual benefit from i do have mutual benefit from keeping relations intact in some degree. what will then be the priority for the taiwan government of the day come sunday when we have a new party in

BBCNEWS Asia Business Report June 4, 2024 02:33:00

happening tomorrow. one of the first things the winning party will need to deal with after the election here in taiwan is to answer this how to deal with china. the world s second largest economy has warned that the extreme danger of electing the front runner from the ruling democratic progressive party or the opposition kuomintang is viewed as being more friendly. china is taiwan s biggest training trading partner and island island does its own territory. earlier i spoke with a political science scientists and asked whether the outcome of the election could change relations with china and the united states. if kmt wins this election we see the potential for a resetting dialogue between taiwan and the prc and there would be a process in and of itself. i think we will see more of this icy relationship between two sides. regardless of which party wins i do not see a major

BBCNEWS Asia Business Report June 4, 2024 02:36:00

running in taiwan it is incredibly divided right now and the message that whoever wins whether it is whoever it is needs to send a message of unity to try and move past this vicious election cycle and towards a place where everyone can find a starting point to continue. can find a starting point to continue- can find a starting point to continue. ,., .,, , . continue. are you optimistic ford taiwan s continue. are you optimistic ford taiwan s relationship . continue. are you optimistic l ford taiwan s relationship and its future? i ford taiwan s relationship and its future? its future? i see signs of joe biden and its future? i see signs of joe biden and xi its future? i see signs of joe biden and xi jinping - its future? i see signs of joe biden and xi jinping trying i its future? i see signs of joe | biden and xi jinping trying to biden and xijinping trying to find a floor to stand on. there are signs of more efforts by taiwan to try and reach out to the prc. i hope the prc

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