has been launched by houthi fighters in yemen on a us cargo vessel ship off aden. this comes after united states announced that it is returning the group to a list of global terrorist organisations. the escalating tensions in the red sea have many analysts concerned that the impact of these attacks will drive up the cost of living. some shipping companies have had to take a detour around africa driving up costs or have decided to suspend shipments indefinitely. mukesh sahdev head of oil trading at the research firm rystad energy describes what is at stake in the markets. what is at stake as there is a lot of crude oil moving from east to west, right? and fat crude oil, i would say, is blocked by russia, crude oil by india, by china. that is at stake. the other thing that is also at stake is a lot of plates that move towards europe. so i would say all and all, we are talking about a sizeable number of barrels of crude and product. now, the question comes, will all of th
Workers are determined these new green jobs wont be worse jobs, as the bbc s north America Business correspondent Michelle Fleury found out when she visited lordstown, ohio. Stretching across 64 acres. Altium sells a Battery Factory in lordstown, ohio, is far from the picket line. But this site, a partnership between car maker General Motors and korean battery supplier lg, is at the forefront of the United Auto Workers fight to protect workers through the move to electric cars. Connie ziegler is a Maintenance Technician here at the only american Battery Plant to be represented by a union. Seeing those machines move and make a cell. I was like a kid in a candy store. I was so excited. She loves herjob, but says shes had to fight for pay and benefits. Battery plant workers earn a fraction of what traditional auto workers make. We want that job security. We want that, the fair, fair wages. 16 an hour is not fair. 18 an hour was not fair. You know, and we want the safety. Safety was not th
Oil Prices Surge Over 1% Following Statements from Saudi Minister riotimesonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from riotimesonline.com Daily Mail and Mail on Sunday newspapers.
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