commons. time for a look at the business news now. we start with the unfolding crisis in the red sea and concerns that the continued attacks on cargo ships by yemen s houthi rebels will affect developing countries the hardest. that s the warning from the world trade organization. today the us has launched a fourth round of airstrikes against the rebels the us military said it targeted missiles that could be intended for attacks on ships. as vessels divert to longer and more costly routes that avoid the red sea, supply chains have been disrupted and economists have warned it could add to inflation. the wto s director general, dr ngozi 0konjo iweala, has been speaking to our economic editor faisal islam at the world economic forum in switzerland. iamjoined i am joined here by the director general of the world trade organization. thank you forjoining 0rganization. thank you forjoining the bbc. 0bviously people are concerned about the fluidity of trade given this big geopolitic
because the boss of us chip giant intel has warned of a turbulent world this year. pat gelsinger has been speaking to our economics editor faisal islam at the world economic forum in davos. he said the current disruption to red sea shipping is another reason they were right to invest billions building factories in the us and europe rather than relying on asia. it s going to be a turbulent world, right? and obviously ukraine is still active, the israel situation, maybe broader implications in the middle east, obviously us china tensions. you know, it s a turbulent world in that regard. i think most view the economy probably a little bit slower to start with, some acceleration as we go through the year. and our strategy is very much around building resilient supply chains so that we re better prepared to handle some of the turbulence that we think is at least currently consistently seen year after year. just when we think things are calming down, it s not entirely calm ye
we start with more from the cop27 summit in egypt. as you ve been hearing, developing countries have urged richer nations to provide financial support to combat the effects of climate change. but many countries face huge challenges in keeping energy supplies flowing, and the energy crisis has moved the focus from renewables and the transition to green energy to energy security at any cost. opec now says the world will hit peak oil demand later than expected because countries are prioritising energy security over net zero emissions. speaking at his first international appearance since taking office, the british prime minister rishi sunak said the energy crisis shouldn t be a barrier to the green transition. climate security goes hand in hand with energy security. putin s abhorrent war in ukraine and rising energy prices across the world are not a reason to go slow on climate change. well, let s discuss these points with atul arya, chief energy strategist at s&p global, who joi
Launching its ipo road show, a blockbuster deal which could value the company as much as 52 billion. Were watching media names, wbd warning of prolonged impact from the strike while disney fires its latest volley in its dispute with charter. Its great to have cramer back in the chair. We missed so much last week, between lulu and the china names and chewy and wolf. First of all, its great to be back. Thank you for the wellwishers. It was a triple hernia. I managed to come through it in a way that i feel very, very strong. I always love september in our business because everybody does come back to work except for the people that still work at home. They want to get back to work. There are a couple of points we have to talk about. One is the bonds are going the other way. Thats going to be septembers headwind. Again, the Interest Rates are up. I think were making much too little about the strike, the uaw strike. By the way, the writers strike, obviously for Warner Brothers is important.
Shooting but is washington listening to france gets tough on immigration the government on bales a new bill aimed at speeding up the process for Asylum Seekers but critics say the proposals are too harsh. And its day twelve of the Winter Olympics in pyongyang and superstar steer lindsey vonn has been on the slopes of the american race in the womens downhill event hoping to add it to her medal collection. Im sumi so much going to thank you for joining us we start with mounting International Concern about the syrian governments ongoing bombardment of Eastern Ghouta new air strikes today have killed at least twenty four people and independent monitors say that more than two hundred fifty people have been killed in the rebel held area since sunday now eastern go to is a group of suburbs thats just on the outskirts of the capital damascus. The duma is the main town of the enclave it is right now completely surrounded by pro assad forces the siege is lasted more than four years its thought t