is also setting up a taskforce to find alternate routes, while ikea is warning of potential product shortages. ryan petersen from the supply chain management company flexport told me more about how the disruption is already impacting businesses. it s just getting started. over the weekend and through today we have had all ten of the top container shipping lines in the world, representing about 95% capacity, have begun to divert vessels to avoid sailing through the red sea and to go around the tip of africa, as you said. it takes about 25% longer to go that way from asia to europe and, well, 25% reduction in supply of shipping, we re going to see huge delays, obviously, but also big price increases because, well, it s a supply and demand and if the supply comes down 25%, one thing we have learned in the last few years is a small destruction and supply can lead to a huge swing in price. indeed. we re seeing an impact on oil prices as well. the united states planning to form an
the day of the attack on the us capitol building. the decision is based on a rarely used provision of the us constitution that bars officials who have engaged in insurrection or rebellion from holding office. the ruling says he s ineligible to appear on next year s ballot because of his role instigating violence against the us government. the ruling only applies to colorado s republican primary ballot, but is on hold pending appeal until next month. the decision came down shortly before mr trump gave a campaign speech in iowa, where the first contest of the 2024 season will take place in less than a month. the former president did not explicitly mention the case, though he has discussed other legal cases against him before on the campaign trail. in a statement, the trump campaign said the court had issued a completely flawed decision, adding they will swiftly file an appeal to the united states supreme court. in a moment we ll hear from one of the lawyers who brought th
have stopped passing through here and are now taking the much longer route all the way around africa instead adding costs and delays. here s our diplomatic correspondent, james landale. the threats to shipping in the red sea is very real. this was an attack by iranian backed houthi fighters last month, storming a cargo ship registered in britain. the militia from yemen claiming that any vessels owned by allies of israel were legitimate targets. shouting. there have also been drone and missile attacks so many that shipping companies are pulling out of the red sea, sending their vessels around southern africa instead. in response, the us secretary of defence, who s visiting the middle east, has formed an international military coalition to protect ships and ensure freedom of navigation. these attacks are reckless, dangerous, and they violate international law. and so, we re taking action to build an international coalition to address this threat. and i would remind you that
longerjourney around rerouting to take the much longer journey around the southern tip of africa. appliance company electrolux is also setting up a taskforce to find alternate routes while ikea is warning of potential product shortages. rain peterson from the supply chain management company flexible told me more about how the disruption is already impacting businesses. it’s disruption is already impacting businesses. businesses. it s ust getting started. 0ver businesses. it sjust getting started. over the businesses. it sjust getting started. over the weekend | businesses. it sjust getting i started. over the weekend and through today we have had all ten of the top container shipping lanes in the world, representing about 95% capacity, have begun to divert vessels to avoid sailing through the red sea and to go around the tip of africa, as you said. it takes about 25% longer to go that way from asia to europe and, well, 25% reduction in supply of shipping, we re going t
the southern tip of africa. appliance company electrolux is also setting up a taskforce to find alternate routes, while ikea is warning of potential product shortages. ryan petersen from the supply chain management company flexport told me more about how the disruption is already impacting businesses. it s just getting started. over the weekend and through today we have had all ten of the top container shipping lines in the world, representing about 95% capacity, have begun to divert vessels to avoid sailing through the red sea and to go around the tip of africa, as you said. it takes about 25% longer to go that way from asia to europe and, well, 25% reduction in supply of shipping, we re going to see huge delays, obviously, but also big price increases because, well, it s a supply and demand and if the supply comes down 25%, one thing we have learned in the last few years is a small destruction and supply can lead to a huge swing in price. are small disruption in supply c