And prosecutors in the Election Interference Case against trump allege that the former president resorted to crimes to overturn the 2020 election result. Iran would respond more severely. Israel has continued its bombardment of the lebanese capital. Were looking live pictures from beirut which has been hit by a series of explosions that Hit Central Beirut overnight. Lebanons Health Ministry said at least five people had been killed. The idf says it carried out what it calls precise strikes on a building that is used by hezbollah. Israel has issued a fresh call for civilians to leave parts of southern beirut. Meanwhile, israels military says eight of its soldiers were killed in the first two days of its Ground Invasion of lebanon. Hezbollah says it fired guided missiles at their tanks as israeli Air Strikes have continued across the south of lebanon and in beirut. With the details, heres our middle East Correspondent Lucy williamson. Israels Air Force was defending other targets when i
From raw materials and pharmaceuticals, clothes and toys, accounting for more than half import in containers. If it extends for weeks, it could lead to shortages and high prices ahead of the presidential election. That is something the new york governor rained in on. The something the new york governor rained in om rained in on. The potentialfor disruption rained in on. The potentialfor disruption is rained in on. The potentialfor disruption is significant. Rained in on. The potentialfor disruption is significant. We. Disruption is significant. We have not had an event like this in our port since 1977 and that lasted 12 days. We are deeply concerned about the impact that a strike could have on our supply chains, especially when it comes to critical goods like medical supplies and others. Under the 19110 78, president biden has the authority to order workers back to work but the current administration said it would not intervene and encourages all party to keep negotiating in good
On automation, the union boss has been warning dock workers that their jobs could be replaced by machines. In response, that us maritime alliance says it is offering to keep the current ban on fully automated equipment. A strike could cost the us economy $5 billion a day according to jp morgan analysts. A range of goods flow through the east and gulf coast ports. Everything from raw materials and pharmaceuticals, to clothes and toys, with the ports accounting for more than half of containerized imports. While consumers may not feel the impact of the strikes right away, if it extends for weeks, it could lead to shortages and high prices ahead of the presidential election. That is something new york governor kathy hochul weighed in on. The potential for disruption is significant. We have not had an event occur like this in our ports since 1977 and that lasted 12 days. We are deeply concerned about the impact that a strike could have on our supply chains, especially when it comes to criti
As much as 5 Billion each day according tojpmorgan analysts. Us retailers, automakers and other businesses now face Ballooning Freight rates ahead of the crucial festive shopping season. Large retailers have pulled forward imports of much of their Holiday Merchandise and made reservations with west Coast Ocean and Rail Carriers in hopes of avoiding any disruption. Lets speak to peter sand, chief analyst at xeneta, an Ocean Freight analytics firm. Hello to you. I know you have already calculated what this could mean if the Strike Action goes ahead, so do tell us more. A disruption like this always comes at a bad time for European Exporters into North America as well as North American exporters out of thE East Coast And Gulf coast. It will be impacted at first but this seems to be a first for almost 50 years, has the potential not only to lift Freight Rates higher due to the disruption from the strike, but certainly also to have wider implications, one or two months later down the road w
The banking system. The banking system. And as the bbc s and as the bbc s Michelle Fleury reports, it could face even more tense relations with the us depending on who wins the race for the White House. When the measures were first announced back in may, the White House said it was in response to chinas unfair Trade Practices and to protect us jobs. At the time the chinese said they opposed the hikes and would retaliate. Analysts said the tariffs, which include a 100 duty on electric vehicles made in china, well, that they are largely symbolic, especially since chinese evs are not currently sold in the united states. As well as a rise on ev tariffs, levies on solar cells will increase to 50 , while rates on Steel And Aluminium products will more than triple to 25 . Tariff hikes on other products, including semiconductor chips, are set to take into effect over the next two years. The increases, which impact a relatively small amount of us imports, come as Vice President Kamala Harris an