BBCNEWS Asia Business Report June 4, 2024 02:32:00
Triggering a nasty recession. the feds first rate setting meeting this year starting january 30. investors are holding their breath but already there are worries about inflation running higher again because developments in the red sea may add pressure to inflation. attacks on ships by iran backed hootie rebels have forced a growing list of companies to temporarily redraw their shipping routes including ikea. the much longer route is also delaying goods and pushing up freight rates and adding to the costis freight rates and adding to the cost is high prices that shipping companies are paying fo...