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Red Sea: Why is it important to trade and could crisis increase prices?

Business | Business News The UK and US have launched “targeted strikes” against Houthi rebels in Yemen after weeks of attacks on international shipping in the Red Sea . Prime Minister Rishi Sunak said the UK will “always stand up for freedom of navigation and the free flow of trade” after conducting the strikes overnight. Here, the PA news agency looks at why the region is a key trade route and what the knock-on effects of continued disruption could be: – What is happening in the Red Sea? Since late November, Iran-backed Houthi rebels in Yemen have attacked container ships going through the Red Sea. The attacks began in response to…

IS Under Pressure After Hamas Attack On Israel

INTERNATIONAL BUSINESS TIMES NEWSLETTER SIGNUP My account Log Out Jan 12, 10:06 AM EST World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion NEWSLETTER My account Log Out US Edition World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion Listings & More Spotlight Glossary SMB Forum Glossary K-Wave CEO Spotlight Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NEWSLETTER Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States World IS…

Macron Demands 'Revolutionary' Government But Few New Faces

INTERNATIONAL BUSINESS TIMES NEWSLETTER SIGNUP My account Log Out Jan 12, 9:51 AM EST World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion NEWSLETTER My account Log Out US Edition World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion Listings & More Spotlight Glossary SMB Forum Glossary K-Wave CEO Spotlight Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NEWSLETTER Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States World…

106-lot residential project gets OK from Henderson

Two residential subdivisions totaling 106 lots on nearly 17 acres received the green light from the city of Henderson. The city’s planning commission gave final approval for the projects called Cadence Acacia and Cadence Meridian. Both will be developed by Woodside Homes of Nevada. The body voted unanimously for approval Thursday, with Commissioner Steve Rice abstaining because his law firm represents Woodside Homes. Clark County property records show national homebuilder Lennar previously owned the land, buying it for $8.7 million in July 2022. Cadence Acacia will encompass 74 lots, 61 of them being single-family and 13 listed as…

Asia shares cautious as oil jumps on Yemen strikes

Asian shares were cautious on Friday as the escalating conflict in the Red Sea region sent oil prices surging, while slightly higher-than-expected US inflation data did not dent investors' views on early and aggressive rate cuts in the US and Europe. The rally in rates may have been helped by dovish comments from European Central Bank (ECB) President Christine Lagarde who said rate cuts would occur if the central bank has certainty that inflation had fallen to the 2.0 per cent level. In breaking news, the United States and Britain have started carrying out strikes against targets linked to Houthis in Yemen, after the Iran-backed…