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nike set sales of footwear in north america, which is its largest market fell 5%. in china, another key market, which is slowly recovering, footwear sales were down 1%. now, on the bright side, if you take footwear sales together with nike sales of footwear in north america, which is its largest market fell 5%. nikkei executive said they are working to improve things, announcing $2 billion in cost cuts over the next three years. the sneaker giant plans to simplify its product line up. ...

the southern tip of africa. appliance company electrolux is also setting up a taskforce to find alternate routes, while ikea is warning of potential product shortages. ryan petersen from the supply chain management company flexport told me more about how the disruption is already impacting businesses. its just getting started. over the weekend and through today we have had all ten of the top container shipping lines in the world, representing about 95% capacity, have begun to divert ve...

routes in the area. there have been concerned the israel — hamas would widespread the region. these are two of the worlds biggest choke points. the situation has come to a head because two big shipping companies, maersk, the container company and hapag lloyd another big shipping container company have both announced that they would stop sending shipping through the babar el—mandeh strip. you have to make a longer passage through the cape of good hope, this might add nine days or si...

—— around 0.32%. some reprieve, but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling ar...

netflix currently have 2a7 million subscribers globally. in comparison, paramount plus total subscribers stand at 63 million and warner bros discovery at 95 million. our north america business correspondent michelle fleury joins us now. there are so many players, this could be a first big coming together to take on the likes of disney and netflix. ., ., ~ to take on the likes of disney and netflix. ., ., ~ , .,, ., ., ., ~ to take on the likes of disney and netflix. , ., . netflix. loo...

in north america, which is its largest market fell 5%. in china, and other key market which is slowly recovering from a footwear sales were down i%. now, on the bright side, if you take footwear sales together with nike set sales of footwear in north america, which is its largest market fell 5%. in china, and other key market which is slowly recovering, footwear sales were down i%. now, on the bright side, if you take footwear sales together with like equipment and apparel, overall, th...

countries will include the united kingdom, bahrain, canada, france, italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and thats why im convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond to address this threat. for exactly what this shipping disruption might mean for the global economy, i spoke to hung tran, whos a seniorfellow at the atlantic council and...

israel — hamas wore widespread the region. heres our business reporter david waddell. the situation has come to a head because two big shipping companies, maersk, the container company and hapag lloyd another big shipping container company have both announced that they would stop sending shipping through the babar el—mandeh strip. illjust show you where that is. it is at the south side of the red sea. and at the north side of the red sea, we have the suez canal. these are two of th...

debt and getting financial regulations and co—ordinate in the event of an economic shock. slowly emerging as a key player in the biden administration handling of this challenging relationship to the two superpowers. planning to visit china again next year, second visit sincejuly. a major faultline between washington and beijing is the race to develop advanced semiconductors. chips power everything from smartphones to high—end military equipment and are increasingly seen as crucial ...

of solidarity for hamas. as a result, some of the worlds biggest shipping firms have suspended services through the worlds most important route for oil and fuel shipments. with more context, heres our business reporter david waddell. lets have a look at the geography of the situation. right here is the bab al—mandab strait. its right next to yemen, from where those houthi attacks originated. its at the southern end of the red sea. at the northern end is the suez canal. now, ships can...