are the latest shipping companies to abandon the red sea area. the suez canal handles more than a tenth of the world s trade, but it s particularly vital for the movement of goods between asia and europe. the alternative is a long and expensive detour around the cape of good hope at africa s southern tip. because of the disruption, the cost to ship a container from china to the mediterranean has risen 44% this month alone. that s according to the online shipping marketplace, freightos. swedish homewares giant, ikea, is just one of the companies now warning of delays and possible availability issues for some of its products. shops in europe are already well stocked for christmas, but logistics experts warn there could be shortages in the new year if the crisis continues. we ll hearfrom one of the shipping companies in the moment, but first, let s get the background from our analysis editor, ros atkins. on the 19th of november, houthi rebels from yemen was an attack on the red
Expect to don a badge. I guess you thought of Something Different like football. More of that later. E he didnt expect to be under frontlines battling his fellow americans,. On as a congressional bipartisan january 6th committee will be testified before found inspired by donald trump to stage of violent insurrection of the u. S. Capitol and a failed attempt to overturn a a free and fair u. S. President ial election. But what harry done did didn becoming a Police Officer protecting congress, which is where we first cross paths during my time covering congress. Officer dunn defended the capital on january 6th, 2021 along with his colleagues in some of whom died, but a president ial citizens and congressional gold medal later ended up paying a heavy price. That he is still coping with today. But he decided to turn this dramatic investment into a platform to speak out about Mental Health and democracy, and write a book called standing my ground. A capitol Police Officers fight for accounta
memory chip maker micron. it accuses the manufacturer of failing its network security review and therefore poses a serious security risk. china launched a review into micron s products in march this is the first big measure against a us semiconductor group. this follows similar moves in washington last year when it introduced chip export controls on china in october the netherlands and japan have since followed. let s go to our asia business hub for the details on this katie silverjoins me now. tell us more about china s decision. tell us more about china s decision- tell us more about china s decision. . , decision. that s right, so as ou sa decision. that s right, so as you say it decision. that s right, so as you say it does decision. that s right, so as you say it does seem - decision. that s right, so as you say it does seem to - decision. that s right, so as you say it does seem to be | you say it does seem to be something of a retaliatory move. it s the fir
stories and we started in the us. congressional leaders are due to meet with president biden for emergency talks on how to deal with the debt ceiling. reports are coming in the treasury secretary janet yellen has been personally calling chief executives to warn them of the dire consequences a default could have on the us and the global economy. so how did washington get here? samira hussain has been investigating. first of all, this debt ceiling crisis is actually a political crisis, itjust happens to hinge on a must pass piece of legislation to save the country from economic catastrophe, so what is happening here? major consequences for the economy. the us could default on the economy. the us could default on the dead in a metabolic. weeks on the dead in a metabolic. weeks to on the dead in a metabolic. weeks to go before the federal government weeks to go before the federal government is weeks to go before the federal government is unable - weeks to go before the fed
campaign is on his mind while on this trip to scotland and ireland. he says a victory for him would make america greater than ever before. he said earlier we will be leaving for scotland and ireland soon in order to inspect my great properties there. the second largest bank failure in history unfolds in the us as regulators shut down first republic bank and sell its assets tojp morgan. and solving london s housing crisis how one community is building its own solution selling affordable housing to locals. welcome to world business report, i m ben thompson. also in the programme we re going to take a look at the state of the commerical property sector, in the post covid world. but first. let s start in the united states, where us regulators have closed down first republic bank, and sold the troubled lenders assets tojp morgan. it was one of six banks that submitted bids to buy first republic, at an auction run by regulators. it makes it the second largest retail bank failure