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the cape of good hope. that's an extra 3,500 nautical miles, or up to two week's sailing, adding as much as $1 million per ship, in fuel alone. maersk ceo vincent clark told the bbc�*s aaron heslehurst that these extra costs are already being passed on to consumers. it's one of the most important arteries of global trade and having to re—route all of this cargo now south of the cape of good hope is going to create significant disruptions to the global supply chain for the duration in which we have to do that, and probably a few months more as we have to get back then into into no...

the german shipping line hapag—lloyd has said in the last couple of hours that it will continue to avoid the area for at least another week. it made the decision after another ship — belonging to its rival maersk — was attacked over the weekend. in that attack, houthi rebels based in yemen hit the ship with a missile and tried to climb aboard before the us navy intervened and sank the rebels�* four boats — killing the crew in the process. the us military says there have been at least 23 attacks since mid—november on a route that acconts for about 12% of global trade and w...

expensive than a year ago. so, now all focus will shift to the bank of england and the debate over when it will start cutting interest rates. at the moment, they're at 5.25% and a quarter after successive rises to keep a lid on inflation. tell us what it means about the figures coming down and why. the market figures coming down and why. tue: market consensus figures coming down and why. tte: market consensus was 4.3, and we got 3.9. a very nice surprise. a big contributor to that was transport, fuel prices down 10.6% over a year ago, so that was a significant contributing factor. as...

the cost of a shipping container has slumped since last year. is it a warning sign of a global recession on the horizon? well, we start here in the uk, if you can see me, i am at a slight distance. i'm going to sit back down. the cameras aren't playing with us nicely this morning, so let's sit back down and we will start the programme again. let's pretend that didn't happen, shall we? 0k. welcome to the programme. we start in the uk whether has lodged a controversial new push for oil and gas exploration in the north sea. nearly 900 blocks are offered exploration with as many as 100 l...

From new york, heres the bbc� s north America Business correspondent, michelle fleury. Stubborn inflation pushes back the timing of the first rate cut. The Us Federal Reserve voted to keep its Benchmark Lending Rate at a 23 year high on wednesday. Officials have said they want more certainty that inflation is under control before they Lower Borrowing costs. They do not have that yet. Here is chair, jerome powell, during his press conference. The economy has made considerable progress towards our dual mandate objectives. Inflation has eased substantially over the past year, while the Labour M...