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 what this could mean if the Strike Action goes ahead, so do tell us more. A disruption like this always comes at a bad time for European Exporters into North America as well as North American exporters out of thE East Coast And Gulf coast. It will be impacted at first but this seems to be a first for almost 50 years, has the potential not only to lift Freight Rates higher due to the disruption from the strike, but certainly also to have wider implications, one or two months later down the road w
Well tell you who each of the four british clubs involved will face in the womens Champions League Group stage, with celtic becoming the first Scottish Side to ever get this far. Good afternoon. Welcome to the Bbc News at one. Two boys, both aged 13, have been detained for at least eight and a half years after becoming the uks youngest ever Knife Murderers. The boys were 12 when they used a machete to kill 19 year old Shawn Seesahai In Wolverhampton. The pair, who cant be named because of their age, are the youngest convicted murderers since the killing of James Bulger in 1993. Our Midlands Correspondent Phil mackie is at nottingham Crown Court. Phil, what happened at sentencing . This was the day where the two boys who are now 13 learned they will serve a minimum of at least eight and a half years in custody before they were eligible for parole, but this is probably one of the most shocking cases of the scourge of Knife Crime that has hit this country over recent years where even more
Vaccines. Virus deaths hit a record in the u. S. And in italy. And finding a compromise, opec agrees to slowly add more oil year after days of tense talks. Saudi arabias Energy Minister called the process of excruciating. Welcome to the program, everybody. Welcome to the European Market open. It has just gone 7 00 here in london. German factory orders rising 2. 9 month on month. The estimate was for an increase of 1. 5 . That was better than anticipated. Factory orders arising year on year, 1. 8 . The estimate was 0. 2. We have seen a continuation of growth coming through. We will see what momentum is like in the further winter months. Another story out of germany, potentially more interesting, perhaps. Germany has agreed to extend a to preventr bankruptcies as the economy is hit by the second wave of the pandemic. Germany is extending its 37 billiondollar backstop for Credit Insurance by another six months in the month of june. The industry will surrender 60 of remittance to the gover
It may have to increase restrictions to the highest level hundreds of students in nigeria are feared missing after gunmen stormed a school in kidnapped a number of children about 800 students attend the school gets you know state money flooded during the attack police say 200 have returned safely because. You know the child is a child regardless of his parent children were kidnapped and we didnt sleep throughout the night since 10 pm what just tearing gunshots some of my relatives children were also taken i have been at the school since day one and when i got her sincerely speaking we here in Katsina State are in a terrifying condition we dont see the value of the government in fact i have a younger brother and a child taken along by the kidnappers i am from down jack cut scene a state and i have been in this school since dawn and yet there is no update. Afghan police say 3 people have been killed in attacks in the capital prosecutor was shot dead in the east of kabul in a separate att
Fix a few things around the house. Read lots of books, learn to bake bread. But it did drag on. And now, partly because some people that god down a little, a lot of us a back and knocked down the thrill of life in the big city is dwindling. In fact, that life in general is changing in a big way. Its coated 19 redefining cities as we know them. Well, besides getting people to accept that mosques, good hygiene and social distancing do actually help in preventing the spread of diseases like cove. It is just one thing id like to ask my workmates, friends, family and everyone else out there. Lets make this work. This is a once in a lifetime chance to change our working world for the better. Lots of us probably never thought we could do our jobs from home. What a great opportunity to free up more time instead of commuting, be more creative and productive. It can take a lot of discipline, though not to get into lazy habits. This is a totally new way of working, and theres also a lot more that