houthi fighters say they will continue attacking vessels in the region of the red sea. this announcement comes after they launched a drone attack in yemen on a us commercial vessel off aden. 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 companies had to take a detour around southern africa, driving up costs. mukesh sandav, head of oil trading, rystad energy, describes what is at stake in the markets. what is at stake is that a lot of crude oil, up to four million barrels a day, moving from east to west, and that is bought by russia, by india, by china, that s at stake and that also stake is a lot of vessels which move towards europe. i would say all this, as we re talking about a sizeable number of barrels of crude and products will all of this get impacted or only a part of this will be impacted because what we have learnt is that the system finds alternate ways of re routing and me
we are learning at this hour that houthi fighters say they will continue attacking vessels in the region of the red sea. this announcement comes after they launched a drone attack in yemen on a us commercial vessel off aden. 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 companies had to take a detour around southern africa, driving up costs or have decided to suspend shipment indefinitely. mukesh sandav, head of oil trading, rystad energy, describes what is at stake in the markets. what is at stake is that a lot of crude oil, up to four million barrels a day, moving from east to west, and that is bought by russia, by india, by china, that s at stake and that also stake is a lot of vessels which move towards europe. i would say all this, as we re talking about a sizeable number of barrels of crude and products and the question comes, will all of this get impacted or only a part of thi
liv was created in 2021 and backed by the saudi sovereign wealth fund. since then the two parties were better rivals, each engaged in lawsuits against one another. the mega deal essentially created a whole new golf association led by the saudis. meanwhile, us judge has granted a request from prosecutors to try some of the charges against crypto currency exchange ftx s founder sam bachmann friedman in a second trial next year. the 31 year old will stand trial in october of the charges stemming from the collapse of the now bankrupt firm. mr bachmann fred had pleaded not guilty to the charges. china s economy stumbled last month after the latest data showed industrial output in real estate sales both missed forecasts. earlier this week china s central bank slashed the interest rates in a bid to boost the country s post pandemic recovery. earlier i spoke to the smp global market intelligence and she s explained to me what is happening to china s economic rebound. ~ . ., , ., reb
and she explained how she viewed relations between the two countries well, trade relations, like other parts of the us relationship with china are tense. while a lot of trade still continues to flow up between the two countries, export restrictions remain in place, and china is increasingly imposing regulations, making it very tough for us companies to operate in their country. it s interesting, because economic ties still happen, discussions of geopolitical issues on the defence front just shut down. now we have bill gates, elon musk visiting china. should we feel a bit more positive about the economic side of their relationship? well, clearly beijing seems more interested in reviving or strengthening the economic part of the relationship versus the military part, and one of the things i will be looking at over the next day now is whether there is a pathway for the secretaries on the economic team for president biden to visit beijing in the coming weeks are coming months. so
was created in 2021 and backed by the saudi sovereign wealth fund. since then the two parties were better rivals, each engaged in lawsuits against one another. the mega deal essentially created a whole new golf association led by the saudi s. meanwhile a us judge has granted a request from prosecutors to try some of their charges against crypto currency exchange sandbank men freed and a second trial next year. to 31 year old is still expected to stand trial this october overcharges stemming 0ctober overcharges stemming from the collapse of the now bankrupt firm. he has pleaded not guilty to the charges. the us government has been hit by a global hacking campaign, but the cyber watchdog agency said it is not expected to have much of an impact. severalfederal bodies have been affected following a vulnerability in a file transfer software. the cybercrime gang cloth are thought to be behind the attack and it had other organisations like the bbc and british airways earlier this m