these strikes work? britain s defence ministry already says the strikes have already affected their ability to threaten merchant shipping. the real risk is that the conflict in gaza will escalate throughout the red sea region. that could affect the price of oil and the price of good, even further, because of shipping lanes in the region. so far the houthi have attacked 27 sheets to date disrupting commerce on a key route between europe and asia. that accounts for about 15% of the world s shipping traffic. the boss of a shipping giant, maersk, has said why it is so important to global trade. it is so important to global trade. , ., ., trade. it is an important artery of trade. it is an important artery of global- trade. it is an important artery of global trade i trade. it is an important l artery of global trade and having artery of global trade and having to regrout all of the cargo having to regrout all of the cargo now south of the cape of good cargo now south of t
targets linked to houthis in yemen. president biden has issued the following statement today at my direction us military forces together with the uk and support from australia, bahrain, canada and the netherlands successfully conducted strikes against a number of targets in yemen used by houthi rebels to endanger freedom of navigation on one of the worlds most vital waterways did it let s get some immediate reaction to this development in the statement from the us president. let s quash now to washington and our correspondent there. what can you tell us? figs correspondent there. what can you tell us? correspondent there. what can you tell us? as you said we had a statement you tell us? as you said we had a statement from you tell us? as you said we had a statement from the you tell us? as you said we had a statement from the white - a statement from the white house confirming that the strikes have begun, saying it was the us, uk and lists a number of nations includ
us will not allow houthi attacks to imperilfreedom of navigation and britain s prime minister rishi sunak saying the uk will always stand up for freedom of navigation and free flow of trade. the big question is will the strikes work? britain s defence ministry says the strikes have already been a blow to the hootie s ability to threaten merchant shipping. the real risk is that the conflict in gaza will escalate throughout the red sea region. major shipping lines and oil giant bp have already diverted vessels around southern africa adding time and cost to journeys rather than risk the red sea. if the crisis continues the increased cost of oil as well as goods could be passed on to consumers. hampering efforts to curb inflation and reduce interest rates. the houthi have attacked 27 ships to date disrupting commerce on those key shipping lanes between europe and asia and they account for about 15% of the world s shipping traffic. the boss of shipping giant maersk has told the bb
by about twice the global average. it s already increased by 2 degrees celsius. 20 years since the us led coalition invaded iraq to topple dictator saddam hussein, we look at the legacy. hello and welcome to bbc news. the world s financial markets have reacted with unease following last night s emergency takeover of the troubled swiss bank credit suisse. shares in credit suisse fell by more than 60% this morning after european markets opened and the value of banking shares across europe have dropped sharply. credit suisse was bought by fellow swiss bank ubs after a deal brokered by the swiss government. here s the chief executive of ubs explaining the rationale behind the deal. translation: it means we bring back stability and security for credit suisse clients, but also that we keep the reputation of the swiss financial centre high. and finally it means we are stemming the turmoil in the international financial markets. these three goals are very, very important to us. we
Vladimir milov in vilnius, lithuania. Welcome to hardtalk. Great to be with you. Thanks for having me. Well, its a pleasure to have you on the show. You know as well as i do that this war has now lasted for more than 18 months. It has turned into an attritional fight, which is proving to be terribly, horribly costly on both sides. Would you accept that that suits Vladimir Putin right now better than ukraine . On one hand, yes, because putin wants western patience and ukrainian patience to be exhausted and he still has a lot of resources to fight a lengthy war. On the other hand, there are a lot of bad news for putin. His army and personnel is becoming exhausted and depleted, too. Resources are also not endless. And here is where the western sanctions are working. So in the longer run, i think the odds are that ukraine is set finally to win this battle. But we need patience and we might see a protracted conflict. And patience is the key word here. Just on the question of the levels of s