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are the latest shipping companies to abandon the red sea area. the suez canal handles more than a tenth of the world's trade, but it's particularly vital for the movement of goods between asia and europe. the alternative is a long and expensive detour around the cape of good hope at africa's southern tip. because of the disruption, the cost to ship a container from china to the mediterranean has risen 44% this month alone. that's according to the online shipping marketplace, freightos. swedish homewares giant, ikea, is just one of the companies now warning of delays and possible avai...

things of what happen in texas >> also some of the allegations there, it's going to be interesting in just a few weeks during that trial. >> indeed. thank you, my friend and thanks to you at home for joining us this evening. for the past several months we have watched the far right wing of the republican party hold the u.s. hostage far right republicans in congress demanded major concessions from the biden house or else it would blow up the pretty fragile u.s. economy, they would tank the stock market and push hundreds of thousands of people onto the unemployment so potential catas...

word with my friend katie phang in for lawrence, good evening, katie. tie phan good evening, alex, hope you have a great weekend. and to all of you joining us tonight, our broken ooze. $148 million, today, a washington d.c. jury ordered rudy giuliani to pay 148 million, $169,000 to the two atlanta election workers who were falsely accused of election fraud, after donald trump lost the 2020 presidential election. the case began on monday of this weekend, despite very vocal promises to do so, in the end, giuliani did not take the stand in his own defense. that left the jury with a li...

right now, president biden is flying back to washington with a deadline looming. nbc news is reporting tonight that republican house speaker mccarthy had what he said was a productive call with the president earlier today. the two leaders agreed to sit down one-on-one tomorrow in pursuit of a bipartisan compromise on the debt ceiling hike. before leaving the gc some of this morning in japan. we are seeing this right now on capitol hill. >> i think there are some maga republicans in the house who know the damage this would do to the economy. because i am president, and presidents are ...

business reporter david waddell. let's have a look at the geography of the situation. right here is the bab al—mandab strait. it's right next to yemen, from where those houthi attacks originated. it's at the southern end of the red sea. at the northern end is the suez canal. now, ships cannot pass through the suez canal from the south without first passing through this choke point. a couple of days ago, the maersk shipping container company and hapag—lloyd both announced they wouldn't be making that transit. they've since been joined by other shipping companies. now, if you're a ...