Peter Sand News Today

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 ...

Live from london this live from london this is business todAy. Is business todAy. We stArt in the Red SeA where irAn bAcked Yemeni Houthi rebels AttAcked two more Crude Oil TAnkers with missiles And drones on mondAy in whAt us CentrAl CommAnd cAlled Reckless Acts of terrorism. LAte lAst week the group releAsed these pictures of Another AttAck on the greek flAgged tAnker sounion. Since the houthis begAn tArgeting ships in support of the pAlestiniAns over the GAzA WAr bAck in november they hAve lA...

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....

helped to slow down the rate of price increases for non—food products, which eased injanuary — down from over 3% in december. im 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. ye...

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 dont 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...

the cape of good hope. thats an extra 3,500 nautical miles, or up to two weeks sailing, adding as much as $1 million per ship, in fuel alone. maersk ceo vincent clark told the bbc�*s aaron heslehurst that these extra costs are already being passed on to consumers. its one of the most important arteries of global trade and having to re—route all of this cargo now south of the cape of good hope is going to create significant disruptions to the global supply chain for the duration in ...

the german shipping line hapag—lloyd has said in the last couple of hours that it will continue to avoid the area for at least another week. it made the decision after another ship — belonging to its rival maersk — was attacked over the weekend. in that attack, houthi rebels based in yemen hit the ship with a missile and tried to climb aboard before the us navy intervened and sank the rebels�* four boats — killing the crew in the process. the us military says there have been ...

expensive than a year ago. so, now all focus will shift to the bank of england and the debate over when it will start cutting interest rates. at the moment, theyre at 5.25% and a quarter after successive rises to keep a lid on inflation. tell us what it means about the figures coming down and why. the market figures coming down and why. tue: market consensus figures coming down and why. tte: market consensus was 4.3, and we got 3.9. a very nice surprise. a big contributor to that was 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. im going to sit back down. the cameras arent playing with us nicely this morning, so lets sit back down and we will start the programme again. lets pretend that didnt happen, shall we? 0k. welcome to the programme. we start in the uk whether has lodged a controversial new push for oil and ga...

From new york, heres the bbc� s north America Business correspondent, michelle fleury. Stubborn inflation pushes back the timing of the first rate cut. The Us Federal Reserve voted to keep its Benchmark Lending Rate at a 23 year high on wednesday. Officials have said they want more certainty that inflation is under control before they Lower Borrowing costs. They do not have that yet. Here is chair, jerome powell, during his press conference. The economy has made considerable progress towards o...