before those strikes took place, the boss of maersk, one of the world s biggest shipping companies, spoke to the bbc to warn of significant disruption to global supply chains because of the houthi attacks. maersk, like other shipping operators, is re routing its vessels away from the red sea and suez canal. instead they are taking the long way round , from asia to europe, and around the cape of good hope. that s an extra 3500 nautical miles, or up to two week s sailing, adding as much as $1 million per ship, in fuel alone. maersk ceo vincent clark told the bbc that these extra costs are already being passed onto consumers. this assessment of the most important oddities of global trade and to rewrote all of this cargo now south of the cape of good hope is going to create significant disruptions to the global supply chain for the duration in which we have to do that and probably a few months more as we have to get back then into normal. you need to see a stronger mobilisatio
This is bbc news. The headlines the hamas leader, ismail haniyeh, says three of his sons have been killed in an israeli air strike in gaza. He says it will not affect the groups demands in the ceasefire negotiations. Muslims in gaza mark the end of ramadan omits the destruction caused by the war and the fears of an assault on ten throw. President biden says Minister Netanyahu is making a mistake. More than 100,000 people have been full from their homes due to flooding in russia and kazakhstan. And just over 100 days to the paris 0lympics, and just over 100 days to the paris olympics, the river sent water could be unsafe water. Could be unsafe for athletes. Time for a look at the Business News now with ben thompson, and Consumer Prices in the us are rising more than expected . Yes, weve just had the latest indication of the rate at which prices are rising. Indication of the rate the Consumer Price index for march rose higher than analysts were expecting. The core figure, which strips ou
swiss comes through, that will be a concern for the outlook for sure. be a concern for the outlook for sure- very much indeed. let s go to the us now, where the main rate of inflation rose last month, taking economists by surprise. america s consumer price index showed prices rising at an annual rate of 3.4 % in december. at an annual rate of 3.4% in december. that s up from 3.1% in november. but as erin delmore reports from new york if we look behind that number, the picture is far more encouraging economos had actually predicted a lower inflation readout than we saw in the newly released december data, proving how sticky elevated prices can be in the economy. but the pressure is easing. the annual increase in core inflation, excluding food and energy prices, came in below 4% for the first time since may 20 1 and the pace of price increases we re seeing now is nearly half