Global trade is being disrupted by Red Sea attacks, Ukraine war and low water in Panama Canal: UN

The UN is concerned that several geopolitical factors could disrupt international trade. File | Photo Credit: Reuters The U.N. trade body sounded an alarm on January 25 that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal. Jan Hoffmann, a trade … Read more

Red Sea attacks plunge Tiruppur Garment exporters into crisis 

A T-shirt manufacturing unit in Tiruppur. File | Photo Credit: S. Siva Saravanan Garment exporters in Tiruppur have their fingers crossed what with the Red Sea attacks on cargo vessels, by Yemen-based Houthi militia, plunging them into crisis. Prior to the Red Sea attacks that has disrupted the shipping route to European Union ports, the … Read more

Sunak Says UK Is Ready To Strike Houthis Rebels Once More

On Friday 12 January, the UK took part in a series of collaborated airstrikes on the armed group Houthis, in Yemen. The assault on the targets was a combined attack that was led by the US and included 10 countries. According to a statement released by the White House, Australia, Bahrain, Canada, Denmark, Germany, the … Read more