the cost of a shipping container has slumped since last year. is it a warning sign of a global recession on the horizon? well, we start here in the uk, if you can see me, i am at a slight distance. i m going to sit back down. the cameras aren t playing with us nicely this morning, so let s sit back down and we will start the programme again. let s pretend that didn t happen, shall we? 0k. welcome to the programme. we start in the uk whether has lodged a controversial new push for oil and gas exploration in the north sea. nearly 900 blocks are offered exploration with as many as 100 licences to be awarded. the government says it will burst energy security and support skilled jobs. but the decision is at odds with international climate scientists who say fossil fuel projects should be closed down, not expanded. it comes as households are warned they could face a rolling electricity blackouts this winter if problems with gas suppliers deteriorate further. national grid, overseei
is confirmed, this will be the company s first year on your declining quarterly profits in almost three years. it s basically because people are cutting back on purchases as the cost of living for everything from food to fuel is going up but we do have to remember that these makers of consumer electronics, they were big winners during the pandemic because many of us were buying more of their products to work or study from home and it s actually resulted if you remember in a serious shortage of chips which is used in everything from cars to day to day items prompting production issues, so it s no surprise demand is down. there could be another surprise demand is down. there could be another warning - surprise demand is down. there could be another warning sign i could be another warning sign for the global economy this time from the shipping industry. rewind to this time last year, businesses were facing record high prices to ship goods in the run up to the christmas holiday period. th