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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 geop ....
hearing from tata steel, which owns the steelworks in october, it is bad news for the thousands of people who work at that steel facility. we have just been told that tata steel plans to close both remaining blast furnaces at the steelworks and that could come at the cost of 3000 jobs. clearly something which will devastate the local community. stay with us on bbc news for more updates on that story. tata steel says they will close the remaining port talbot blast furnaces at the steelworks with potential loss of up to 3000 jobs. news coming to us from bbc sources, ratherthan jobs. news coming to us from bbc sources, rather than confirmed by tata steel themselves. the unfolding issues around attacks on cargo ships by houthi rebels from yemen, warning from the world trade organization that it could affect developing countries the hardest. today the us has launched a fourth round of air strikes against the rebels, the us military said it targeted missiles that could be int ....
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 c ....