Attacks by hamas gunmen took place. More than 300 young people attending the festival were killed others were taken hostage. It has been called israels 9 11 by some, and like the attack on the world trade center, its had massive repercussions around the world in both politics and economics. Michelle fleury has more on the global impact one year on. The middle East Conflict could add to the risks already facing the global economy. The escalation comes at a time of uncertainty around the upcoming us election and as china tries to stabilise its struggling economy. Economists warn the war could push up inflation if Trade Routes are disrupted, causing the cost of Oil And Shipping to rise. A big concern is whether any escalation could block the strait of hormuz, a major shipping channel. A third of Oil Tanker Traffic and one fifth of lng frozen gas passes through there. The Oil Markets are already reacting. The price of Brent Crude jumped 5 last thursday after President Biden said the us was
And what would you do with a spare 25 Billion Euros . Thats the question facing the irish Government Today as it delivers its budget following a huge Tax Windfall from Tech Firms. Live from london, this is business today. Im lukwesa burak. We start in the us where in the last 30 minutes tens of thousands of East And Gulf Coast Port workers have started striking for the first time in nearly 50 years. This comes after the international longshoremen s association and the us Maritime Alliance were unable to reach an agreement on the terms of their contract. The strikes will halt trade in a wide range of goods and disrupt the Countrys Economy just as we enter the final weeks before the president ial election. Our North America Business correspondent Ritika Gupt the two major sticking points between international longshoreman s association and the us Maritime Alliance are wages and automation for the workers are unhappy with the current contract which spanned the pandemic and dockworkers st
On seven october, with the un saying more than 650 palestinians have been killed by israeli soldiers or settlers there. Israeli officials say that during the same period, at least 19 israelis have been killed in palestinian since 1993, control of the West Bank has been divided across three zones where there is either full control by the palestinian authority, partial control shared with israel or where israel is in full control. Unlike gaza, hamas has no control there. Overnight, israeli forces simultaneously went into the cities ofjenin, tulkarm, nablus and tubas, on a scale that hasnt happened for decades. Israel says its been conducting a Counter Terrorism Operation with Foreign Minister, israel katz, describing the situation as a war that must be won. A senior palestinian official has accused israel of trying to escalate the war in gaza, warning of Dire And Dangerous results the Palestinian President , Mahmoud Abbas has cut short a visit to Saudi Arabia because of the attacks. Our
And heart issues in children. And a Chicago Police officer is out of a job after being charge ld with the capitol riot. Hear how his former chief is commenting. And this year, the Westminster Dog Show, brings about the change something not 19 in the shows 145year history. Well tell you all about it. We appreciate you joining us bright and early this saturday, june 12th. Thanks so much for starting your morning with us, amara, always great to see you. Thank you, how are you doing, boris . Good, hanging in there, muggy weather in d. C. Hopefully a little sunny today. Same thing here. Under way right now, the worlds Major Economies are meeting for day two of the g7 summit. On the agenda, Building Back the Global Economy post pandemic. Plus, competing with china and finding a Global Health declaration to make sure another crisis like the coronavirus never happens again. Yeah, joe bidens first outing on The World Stage as president is a chance to put his america is back mantra into practice
And heart issues in children. And a Chicago Police officer is out of a job after being charge ld with the capitol riot. Hear how his former chief is commenting. And this year, the Westminster Dog Show, brings about the change something not 19 in the shows 145year history. Well tell you all about it. We appreciate you joining us bright and early this saturday, june 12th. Thanks so much for starting your morning with us, amara, always great to see you. Thank you, how are you doing, boris . Good, hanging in there, muggy weather in d. C. Hopefully a little sunny today. Same thing here. Under way right now, the worlds Major Economies are meeting for day two of the g7 summit. On the agenda, Building Back the Global Economy post pandemic. Plus, competing with china and finding a Global Health declaration to make sure another crisis like the coronavirus never happens again. Yeah, joe bidens first outing on The World Stage as president is a chance to put his america is back mantra into practice