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Car factories have idled in Belgium and Germany. Spring fashion lines are delayed at a popular British department store. A Maryland company that makes hospital supplies doesn’t know when to expect parts from Asia. Attacks on ships in the Red Sea are delivering another shock to global trade, coming on…
Attacks on ships in the Red Sea are causing another lobal trade shock, coming on top of logjams at ports and Russia’s invasion of Ukraine.
Houthi rebels in Yemen, seeking to stop Israel's offensive against Hamas in Gaza, are attacking cargo ships plying the waters connecting Asia with Europe and the United States, forcing traffic away from the Suez Canal and around the tip of Africa. The disruption is causing delays and driving up costs -- at a time when the world has yet to vanquish a resurgence of inflation.
Attacks on ships in the Red Sea are delivering another shock to global trade, coming on top of pandemic-related logjams at ports and Russia’s invasion of Ukraine.
Car factories have idled in Belgium and Germany. Spring fashion lines are delayed at a popular British department store. A Maryland company that makes hospital supplies doesn’t know when to expect parts from Asia. Attacks on ships in the Red Sea are delivering another shock to global trade, coming on…