Maersk Cuts Global Transport Forecast Amid Trade Tensions
The Danish container giant AP Møller-Mærsk is lowering its forecast for transportation with reference to the Trump administration's trade war.
BusinessThe Danish container giant AP Møller-Mærsk is lowering its forecast for transportation with reference to the Trump administration's trade war.
BusinessThe shares of leading European shipping companies are plummeting. Decreased freight prices in the wake of President Donald Trump's promise earlier in the week to stop bombing Yemen, as the Houthi militia "has surrendered", are expected to drag down the profitability of the shipping companies.
BusinessIsrael was not informed in advance about the US ceasefire with the Houthi movement in Yemen, Israeli media report. The ceasefire in the Red Sea applies to all vessels except Israeli ones, the Houthis announced the day after the agreement.
ConflictsIsrael and the USA have attacked Yemen's capital Sanaa and its airport. After the attack, Donald Trump says the Houthi militia "has surrendered" and that the USA will stop attacking Yemen. Oman then announces that a "ceasefire" has been reached.
ConflictsDrones have hit the airport and knocked out the power in the important port city of Port Sudan on the Red Sea. It is the third day in a row that the seat of the war-torn Sudan's army-backed government is being attacked.
WorldIran-backed Houthi movement in Yemen warns airlines of "repeated attacks" against Ben Gurion airport. At the same time, the US is accused of a number of attacks on Yemen's capital during the night.
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