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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 no ....
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On wednesday following a report the White House is preparing to formally block Nippon Steels 14 Billion takeover bid. People familiar with the matter say a decision could be made as soon as this week. The move would be highly controversial and critics say it would lead to Job Losses and could chill foreign investment in the us. For more, heres our North America Business correspondent Ritika Gupta in new york. Nippon steels 14 Billion bid to acquire united States Steel has been caught in the crosshairs of an election year, and in the crucial Swing State of pennsylvania, where us steel is based. Us president Joe Biden has long pledged that the iconic american company, headquartered in pittsburgh, should remain dom ....
Of the summer for england as they beat Sri Lanka in the second test at lords. Also coming up on sportsday before 8pm. Marc marquez ends a three year Barren Run to win the spanish motogp. And 15 stages in to the vuelta a espana, but its still not clear whos going to win the Red Jersey yet. Welcome along, thank you forjoining us. We start at Old Trafford, where before the Game Manchester united manager erik ten hag had asked his team to bring the fire, but it was liverpool who burnt far brighter today. Luis diaz and Mohammed Salah Lighting their path to a 3 0 win at the home of their fierecest rivals. It means they keep pace with Manchester City at the top of the early Premier League table, with three wins from thre ....