Im nowjoined by our North America Business correspondent ritika gupta. What is it that markets make of what they are saying . They are nervous because they dont know whats going to happen next. Yes. The mood of nervousness. Little change now but losses off the back of those Middle East tensions. There is a dent to risk appetite. Markets dont like Uncertainty And Risk now is can this respondent is this going to blow into wider war. One of the sectors that is bucking the trend and going higher Todays Energy stocks and that is off the back of oil as you mentioned. It was up as much as 3 today and continuing again from yesterday over Supply Disruption concerns. Yesterday we saw some of those Safe Haven assets like gold, we are seeing some of Varese Today but i still think overall there is this wait and see mode and a very risk of town. Is this Waitandsee Mode and a very risk of town. Very risk of town. There is one thing they very risk of town. There is one thing they are very risk of town
By the iranians. They essentially gave Israels Lesson yahoo the war he wanted, they essentially gave israels netanyahu the war he wanted. Where it goes from there remains to be seen. But there remains to be seen. But there is now a situation where nobody really cares about the two State Solution on the palestinian issue, all of those things that were the focus of diplomatic focus a few months ago. Now it is all about conflict what it iran. You said it is all about conflict what it iran. You said it is all about that it is all about that confrontation, now, iran and israel. We are carrying the live events from the un Security Council. Where do you think diplomacy is . Is it anywhere in the equation . It is anywhere in the equation . It is a difficult question. Anywhere in the equation . It 3 a difficult question. The americans have been very much, nearly a year now, trying to get a ceasefire in gaza, trying to restrict the possibilities of this conflict from escalating and succeeded for
welcome, here s what you need to know in business this hour. and we start with brexit. the uk prime minister borisjohnson is set to visit northern ireland later in a bid to restore its government. less than two weeks after the election, the democratic unionist party has blocked efforts to restore northern ireland s assembly, by refusing to elect a speaker. it s objecting to the so called northern ireland protocol the trading arrangement set up after brexit to keep northern ireland aligned with eu trade rules. the party says that creates a trade border in the irish sea and that puts it at an economic disadvantage. it says it wants to send a message to westminster and brussels that reform of the arrangement is necessary. but the uk business secretary kwasi kwarteng has told the bbc the government isn t looking for a trade war with the eu. we think it would be completely self defeating if they went into a trade war but it is up to them. what i am concerned about is political s
According to S&P Global Commodity Insights, India, the world s largest rice exporter, implemented export restrictions, including banning broken rice exports and imposing additional duties on non-basmati white rice outflows in August 2022.
The ongoing Israel-Hamas conflict is not expected to have a significant impact on global supplies, according to the commerce ministry. However, concerns remain about potential escalation and its effect on the gems and jewellery trade between India and Israel, which totaled $2.04 billion in 2022-23.