Where is Red Sea located? How Houthi attacks threaten global trade
Attacks by Yemen's Houthi on commercial ships, oil tankers in Red Sea, located between Asia and Africa, pose warning for global trade.
Source: siasat.com
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US readies 10-nation coalition to confront Red Sea attacks
The US called on Tuesday for the mobilization of several countries to take steps to confront Huthi attacks on ships in the Red Sea.
Source: egyptindependent.com
A US real estate downturn could lead to bankruptcy for up to 385 American banks
Plus: Quartz’s 2023 Innovators.
Source: qz.com
Japan's Nippon Steel paid $14.9 billion to buy US Steel
Plus: Shipping giants swerve the Suez.
Source: qz.com
How are the Red Sea attacks impacting shipping in the Suez Canal?
The Iran-aligned group says the aim of the attacks is to support the Palestinians as Israel and Hamas wage war.
Source: moneycontrol.com
China-Europe container shipping rates soar as Red Sea attacks push firms to skip Suez Canal
Houthi militants have stepped up their involvement in the Israel-Gaza war, meaning ships face an extra 10 days at sea if they divert via the Cape of Good Hope instead of the more direct route through the Suez Canal.
Source: scmp.com
The Red Sea Situation Is Worse Than It looks
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Maersk Diverts 20 Ships Paused Near Red Sea Citing "Significant Threat"
Maersk confirmed after pausing all of its containerships near the Red Sea it has determined to reroute approximately 20 vessels due to what it calls...
Source: maritime-executive.com
Hundreds of thousands flee Sudan safe-haven – UN
People in Wad Madani, south-east of Khartoum, are "scattering in different directions", an aid worker said.
Source: the-star.co.ke
Apple will stop selling its latest smartwatches because of a patent dispute
Plus: A bumpy year for driverless cars.
Source: qz.com