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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 no ....
report by the iaea on the plan to discharge the treated water from the fukushima nuclear power plant. ever since, from the fukushima nuclear power plant. eversince, i from the fukushima nuclear power plant. ever since, i have been continuing my efforts in this regard, including in particular by visiting fukushima, where a number of important things happened. the first, i would say, was for me the opportunity to meet with 11 mayors of the region, of the prefecture there, near the plant. the chamber of commerce, the fishermen association and other local actors and people from the area. i felt that my direct contact with them was indispensable, was something i was keen on doing in order to do what i am doing with you here, but of course, with the added, i would say, ingredient of this being in contact with the people at the first lines of impact of whatever we do there. what happened in march 2011 there and the subsequent actions that have been taken by the japanese govern ....
helped to slow down the rate of price increases for non food products, which eased injanuary down from over 3% in december. i m joined now by shanti kelemen, chief investment officer at m&g wealth. good morning. this isjust what we want to hear before the bank of england has its first meeting of 2024, which happens on thursday. meeting of 2024, which happens on thursday- on thursday. yes, we will have a decision on thursday. yes, we will have a decision from on thursday. yes, we will have a decision from them - on thursday. yes, we will have a decision from them on - a decision from them on interest rates, wiley expected to keep rates unchanged and thatis to keep rates unchanged and that is positive news for inflation and a prices, on the other side we do have the economy still not in a recession and wage growth has been pretty strong. there are some factors balancing inflation, thinking it might not be a sharp drop in the next few months. to not be a sharp drop ....
has said the uk is prepared to back our words with actions against the houthis. peter sand is chief analyst at xeneta, an ocean and airfreight analytics platform. i don t know if you have data or statistics on how this is impacting trade so far? if i look at the impacting trade so far? if i look at the most recent developments, a key indicator of the tensions that we are seeing right now, they are up today following the most recent attacks and tension building. we have now is almost 200% up from about a month ago. we are now at 5400, and in the uk, 4500 up, though still dramatic. the reason tensions are now shooting our destroyers. it is not making this go away. some ofthe not making this go away. some of the world s not making this go away. some of the world s biggest - not making this go away. some of the world s biggest shipping | of the world s biggest shipping companies are completely avoiding the red sea at the moment and that will likely continue for some t ....
the cost of a shipping container has slumped since last year. is it a warning sign of a global recession on the horizon? well, we start here in the uk, if you can see me, i am at a slight distance. i m going to sit back down. the cameras aren t playing with us nicely this morning, so let s sit back down and we will start the programme again. let s pretend that didn t happen, shall we? 0k. welcome to the programme. we start in the uk whether has lodged a controversial new push for oil and gas exploration in the north sea. nearly 900 blocks are offered exploration with as many as 100 licences to be awarded. the government says it will burst energy security and support skilled jobs. but the decision is at odds with international climate scientists who say fossil fuel projects should be closed down, not expanded. it comes as households are warned they could face a rolling electricity blackouts this winter if problems with gas suppliers deteriorate further. national grid, ov ....