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has been launched by houthi fighters in yemen on a us cargo vessel ship off aden. this comes after united states announced that it is returning the group to a list of global terrorist organisations. the escalating tensions in the red sea have many analysts concerned that the impact of these attacks will drive up the cost of living. some shipping companies have had to take a detour around africa — driving up costs— or have decided to suspend shipments indefinitely. mukesh sahdev — head of oil trading at the research firm rystad energy — describes what is at stake in the market...

tewari. we are learning that who the fighters say they will continue attacking vessels in the region of the red sea. this announcement comes after they launched a drone attack in yemen on a us commercial vessel of eden. the escalating tensions in the red sea have many analyst concerns that the impact of these attacks will drive up the cost—of—living. —— houthi. some companies had to take a tool, driving up costs or have decided to suspend shipment indefinitely. head of oil trading at the research firm describes what is at stake in the markets.— in the markets. what is at st...

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hello and welcome to audiences in the uk and around the world. i'm victoria fritz. we start here in the uk, with warnings that the country is set for the slowest growth of the g7 nations next year. for context, the uk is not alone, the imf says the global economy will shrink for the first time since 2020, why? partly the pandemic, partly the warn in ukraine, but the risk of recession is rising, and the uk is vulnerable. here are the numbers. the imf has revised down its growth for next year, from 1.2% to just 0.5%. significantly behind the us and europe at over i%, and the globalfigu...

hello. we start with the soaring cost of living, because the price of filling up an average car here in the uk has hit more than £100 for the first time ever. fuel prices are adding to the intensifying pressure on household budgets, notjust here, but around the world, coming on top of rising energy bills and food prices. our business editor simonjack reports. butcher alistair paul makes deliveries from here in inverness all over the west coast of scotland, but he's considering doing fewer journeys in his three vans, or charging for delivery, as higher fuel costs put a squeeze on the...