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BBCNEWS Asia July 6, 2024

longerjourney around rerouting to take the much longer journey around 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. rain peterson from the supply chain management company flexible told me more about how the disruption is already impacting businesses. it’s disruption is already impacting businesses. businesses. it s ust getting started. 0ver businesses. it sjust getting started. over the businesses. it sjust getting started. over the weekend | businesses. it sjust getting i started. over the weekend and through today we have had all ten of the top container shipping lanes in the world, representing about 95% capacity, have begun to divert vessels to avoid sailing through the red sea and to go around the tip of africa, as you said. it takes about 25% longer to go that way from asia to europe and, well, 25% reduction in supply of shipping, we re g ....

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BBCNEWS Asia July 6, 2024

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 around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing and looking at this point. the market has not entered a panic mode, as we ve seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now, it is a logistical re routing, what we are seeing, and not kind of that panic and fear that we are going to lose barrels. that obviously can change very rapidly, and we have seen that obviously can change very rapidly. the venezuelan president ....

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BBCNEWS Asia July 6, 2024

appliance company electrolux is setting up a task force to find alternative 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 business. it s just getting started, but over the weekend and through today, we ve had all ten of the top container shipping lines in the world represented about 95% capacity have begun delivered vessels to avoid salem to the red sea and to go around the tip of africa, as you said. it takes about 25% longer to go that way, from asia to europe, and it went reduction in the supply of shipping, we are going to see huge delays, obviously, but also big price increases, because its supply and demand, and if the supply comes down .5%, one thing we ve learned last few years is a small disruption in supply can lead to a huge swing in price. indeed, we are seeing an impact on oil prices as well there. the united states plann ....

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BBCNEWS Newsday July 6, 2024

hi there. thank you for being with us. we begin with a developing story in the united states. the colorado supreme court has disqualified trump from the ballot in the state s presidential election next year. it its ruling the court says it is because of his role in the capitol attack in january 2020 one foot his campaign immediately denounced the ruling is undemocratic and said they would appeal to the us supreme court. let s bring in north america correspond to peter bowes who joins us life. peter bowes who joins us life. peter connelly ruling applies only to the state s republican primary. so what does this decision mean? primary. so what does this decision mean? well, this, as ou decision mean? well, this, as you say. decision mean? well, this, as you say. applies decision mean? well, this, as you say, applies only - decision mean? well, this, as you say, applies only to - decision mean? well, this, as you say, applies only to the l you say, applies only to the ....

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BBCNEWS Newsday July 6, 2024

are continuing in the hope that the united states will finally back a resolution. it comes as hamas said that more than 20 thousand people have now died in gaza since israel launched its military offensive after the october 7th attacks, in which 12 hundred people in israel were murdered. hamas which is designated a terrorist organisation by the uk government says the majority of those who ve been killed in gaza are women and children. our special correspondent fergal keane reports. the world is debating calls for a ceasefire and a bleak new reckoning of the dead is declared. but, for the people of gaza, the suffering is felt. not counted. dead children brought to be touched a final time by their wounded father. a mother comes to mourn a lost daughter. imagine that yesterday i was brushing her hair, making her a sandwich for dinner and putting her to sleep. then you wake up in the morning and there is no fatima anymore. from the beginning, they have known there is no ....

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