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BBCNEWS Asia July 6, 2024

italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and that s why i m convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond, to address this threat. for more on what the shipping disruption might mean for the global economy, i m joined from washington by hung tran, a senior fellow at the atlantic council and former deputy director at the international monetary fund or imf. thank you so much forjoining us on the programme. firstly, if you can explain how important this area is to global trade? important this area is to global trade ? important this area is to global trade? important this area is to ulobaltrade? , ., ., ., global trade? this area of the red sea leading global trade? this area of the red sea leading to global trade? this area of the red sea leading to the - global trade? this area of the red sea leading to the suez l red ....

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BBCNEWS BBC July 6, 2024

following the day s developments. are there any indications of what the us position is likely to intense negotiations continue, the united states saying they re trying to resolve outstanding issues of the council members that they fully support getting more humanitarian aid in the gaza and speaking to diplomats, the sticking points or main language in regards to hostilities and we have seen the resolutions watered down to call for a suspension of hostilities but there is a phrase and then it still refers to urgent steps to get to a sustainable cessation of hostilities there remains a sticking point. we also hear from diplomats there remains a sticking point. we also hearfrom diplomats that there remains a sticking point. we also hear from diplomats that israel is only putting pressure on the united states in regards to this proposal for un united states in regards to this proposalfor un monetary united states in regards to this proposal for un monetary mechanism. they r ....

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BBCNEWS Asia July 6, 2024

havoc to global trade. speaking in bahrain, the us defense secretary lloyd austin said participating countries include the united kingdom, bahrain, canada, france, italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and that s why i m convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond to address this threat. for more on what the shipping disruption might mean for the global economy, i m joined from washington by hung tran, a senior fellow at the atlantic council and former deputy director at the international monetary fund. this area of the red sea leading to the suez canal is quite important in terms of the volume of trade passing through it. about 12% of global trade passes through the red sea, including 30% of the container shipping. altogether, it accounts for about us$1 trillion per year of trade, so it is quite significant, and a disr ....

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BBCNEWS The July 6, 2024

translation: regarding the reduction in aid, and if that translation: regarding the reduction in aid, and if that has translation: regarding the reduction in aid, and if that has an translation: regarding the reduction in aid, and if that has an impact, - in aid, and if that has an impact, the fact in aid, and if that has an impact, the fact that ukraine didn t have air the the fact that ukraine didn t have air the premises had an impact on the operation in 2023. we don t control the operation in 2023. we don t control the skies, we don t have enough control the skies, we don t have enough ammunition, but that doesn t mean enough ammunition, but that doesn t mean that enough ammunition, but that doesn t mean that we will not find a solution mean that we will not find a solution. but for this, we really need solution. but for this, we really need support, because we simply lack some need support, because we simply lack some weaponry. our corresponden ....

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BBCNEWS World July 6, 2024

a few hours ago, maersk also announced it will re route some of that red sea vessels around the cape of good hope, on a case by case basis. around 10% of global trade passes through the red sea, that s around 17,000 ships a year. but several major freight companies have now stopped passing through here. instead they are taking much longer route all the way around africa by the cape of good hope. that adds costs and delays. here is the us defence secretary lloyd austin. these attacks are reckless. they are dangerous and they violate international law and so we are taking action to build international coalition to address this threat and i would remind you that this is not just a us issue, this is an international problem and it deserves an international response. well that international response being asked to resolve those concerns? we are nowjoined by russ mould, who is an investment director at aj bell. the question, is it enough? will it work? i the question, is it e ....

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