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
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There are Reports Tonight that a us official says israel intends to launch a Ground Offensive in lebanon, which could begin as soon as today. Israeli tanks are gathering by the countrys northern border. Israels Defence Minister, who was visiting troops today, told them the next phase of the war will begin soon. Hezbollah has said its prepared for all out war. Lets go straight to lebanon and the capital beirut, anna foster. There is a realfeeling of momentum in the Middle East tonight, after the israeli Defence Minister told his troops on the board at that the military would use force by air, Sea And Land to achieve the aim of returning displaced israelis back to their homes. They said the killing in beirut of the hezbollah leader, Hassan Nasrallah was not the final step. There have been reports that israeli Special Forces had launched some raids inside lebanon but that has not been confirmed. Lucy williamson has been to northern israel and sent this report. Israels army is moving close
Good evening. Israel has declared an area around its border with Lebanon A Closed Military Zone and has told the united states that its going to launch a limited Ground Operation against hezbollah. Earlier today, the Deputy Leader of the iranian backed Military Group said they were ready to face israeli soldiers. President biden has called for an immediate ceasefire, a view echoed again tonight in the uk by foreign Secretary David Lammy. Israeli tanks have been massing close to the lebanese border and israelS Top general has told troops to prepare to operate inside hezbollah strongholds. Tonight, well be looking at how challenging a Ground Offensive could be and how iran and the us may react. Our senior international Correspondent Orla Guerin will be reporting from here in beirut, but first tonight, lets join Lucy Williamson on the israeli side of the israel lebanon border. Tonight Israels Army has sealed off several areas towards the eastern end of the border, not farfrom where we are
Be a dry start to the weekend. Tomorrow starts dry and ChIlly Chubut there wIll be some wet and WIndy Weather later In the day. Dry and chIlly too. Fresh attacks have contInued on the lebanese CapItal BeIrut overnIght. It comes after Israels MIlItary carrIed out a StrIke South of the CIty Yesterday targetIng Hezbollah Leader Hassan Nasrallah. It has not been confIrmed If he was In the buIldIngs when It was struck. Lebanons Health MInIstry say sIx people were kIlled and 91 Injured. Our reporter SImon Jones has the latest. ExplosIons, screamIng new strIkes overnIght on Southern BeIrut. Israels mIlItary saId It was targetIng buIldIngs storIng hezbollah weapons underneath them. Hezbollah denIed they were arms depots. ExplosIons. EarlIer, a serIes of massIve explosIons. It Is thought the target here was the Hezbollah Leader Hassan Nasrallah. It Is unclear whether he was any of the buIldIngs that were hIt. Iran, whIch backs hezbollah, has called the attack a dangerous, game changIng escalatI