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BBCNEWS Verified Live June 4, 2024 15:17:00

The red line there, it takes ten days longer, adding $1 million to the average container ships fuel costs. in germany, already, tesla has halted some production as components are held up already, tesla has halted some production as components are held up. here on the high street, next and ikea have warned of delays. but all of this is happening after the christmas rush so consumers will notice less disruption. and even if costs are passed on, the impact should be relatively small. however, 13% of crude oil also travels by this route. the price of crude is up overnight, but it does remain below where it was last autumn. and if the conflict escalates, there are worries about potential interruptions to shipments of liquid gas. but we are currently well stocked and any impact on energy bills would not be felt for several months. so while this is not derailing our prosperity yet, that unrest in the red sea, ....

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Tata Consumer Products to acquire Capital Foods, Organic India

Capital Foods acquisition will enable TCPL to expand its product portfolio and further strengthen its pantry platform. "There are significant synergy benefits with the existing businesses of Tata Consumer Products in areas spanning distribution, logistics, exports and overheads," it said. ....

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BBCNEWS BBC News at Six June 4, 2024 18:05:00

Case for last night s military strikes from darshini david, whose here. clive, thank you. from furniture to energy, the billions of pounds of goods arriving on our shores are key to our lives. but it s that trade that makes us vulnerable to shocks thousands of miles away, from covid to the war in ukraine. could the escalation in the red sea be the latest threat to prosperity? the red sea shipping route typically looks like this, one of the busiest, transporting 15% of traded goods, largely from east to west. but, as vessels faced attack, as this latest map of activity shows, many major shipping firms have diverted around the cape of good hope. it takes ten days longer, adding $1 million to the average container ship s fuel costs. and one shipping boss warns the impact could linger. having to re route all of these cargo an hour south of the cape of good hope is going to create ....

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Calgary named a global leader in technology

Calgary has been named a continental leader in clean and energy tech by StartupBlink and Startup Genome, as 2023 showed continued growth in the industry. ....

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BBCNEWS Verified Live June 4, 2024 16:13:00

Send the houthis a message that the what they have been doing attacking ships in the red sea is unacceptable. they have also published a summary of the legal advice they have received, and they believe they are acting within international law, because it is happening in defence of the ships. there was an economic consideration in all of this and it is an ongoing want to because it is such an important route through the red sea and a lot of ships are now having to go around the whole continent of africa, which is costing them somewhere in the region of $1 million perjourney, and extra fuel costs, which may well then be passed onto consumers in the shops here in the uk, inflation is a major political issue, so lots of reasons why the government would want to get on top of this, but whenever you intervene militarily and overseas, it is a risk. it is a risk politically, because if you do it without the approval of parliament, you have mps without the approval of parliament, you have mstump ....

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