countries will include the united kingdom, bahrain, canada, france, italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and that s why i m convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond to address this threat. for exactly what this shipping disruption might mean for the global economy, i spoke to hung tran, who s a seniorfellow at the atlantic council and also former deputy director at the international monetary fund. this area of the red sea leading to the suez canal is quite important in terms of the volume of trade passing through it. about 12% of global trade passes through the red sea, including 30% of the container shipping. all together, it accounts for about us$1 trillion per year of world trade, so it is quite significant, and a disruption there would cause damage to world trade. aside from avoiding this area, what can companies do
havoc to global trade. speaking in bahrain, the us defense secretary lloyd austin said participating countries include the united kingdom, bahrain, canada, france, italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and that s why i m convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond to address this threat. for more on what the shipping disruption might mean for the global economy, i m joined from washington by hung tran, a senior fellow at the atlantic council and former deputy director at the international monetary fund. this area of the red sea leading to the suez canal is quite important in terms of the volume of trade passing through it. about 12% of global trade passes through the red sea, including 30% of the container shipping. altogether, it accounts for about us$1 trillion per year of trade, so it is quite significant, and a disruption
Before. Japanese Government Official stand prepared to take all measures needed. T. Rowe price saying the yen reaching 160 is even possible so it makes that next april 26 meeting for the boj very much a live event. We did have u. S. Stocks casting a bit of a shadow, the tech sector in particular, big tech the laggards in the prior session. It was the response to u. S. Retail sales and also higher treasury yields. The japanese 10 year yield climbing a little bit at the start. Lets change on because we are also keeping a watch on what we get for the korea session. So far, again, more pressure coming through, not just for equities, but you also see that reflected in fx at this time. We had trade numbers from korea earlier, export prices rising 2. 6 on the year. Import, a contraction of 0. 7 . Take a look at how we are opening up in australia, bell. It is that staggered open. We will have to wait sort of for a few more minutes for a truer picture but looking flat to negative. We were expec
An update on that breaking traffic i told you about at five fifty so well start with a bit of good news here six sixty four southbound at the monitor merrimack actually just a few seconds ago just started moving in was stopped due to a breakdown so as you can see the delays are starting to thin out once the one to be pretty heavy as you approach the bridge out there and the tunnel as well so just be very cautious of that he dont wanna deal with any delays the hr bt looks good in the south side as well as the jr be on our second camera we still have the track in trouble in another part of newport news sixty four eastbound before you get to the din the boulevard overpass accident still blocks the right lane. We now have the two mile back up and growing. Starting at fort eustis boulevards if youre headed that direction that we use jefferson avenue and get beyond all this hop back on the interstate on sixty four east you should be in good shape Nonprofit Network maps was going to a couple
Protesters on sunday the kids. Primetime years its whats a ten year a fifteen year in korea flight from seoul and see them from when things so much for joining us. We begin with the latest in korea sales diplomacy push present company arrived in new delhi india just hours ago for the first leg of a ninety two nation to war. Hes special to hold summit talks with indian Prime Minister Manmohan Singh on thursday the president ial Office Correspondence art into was traveling but the president supports the start of possibly history. Pictured with great potential. This is now officials at the president ial office of charlie did describe india eighty s the worlds second largest market falling each time and with a population of one point two billion. It still lacks infrastructure need are many opportunities for korean business sense. As it yet has a lot of restraints on foreign investment. Set precedent that turner stay in india will seek ways to make it easier for korean firms to entry to ind