Breaking News: Markets

Maersk begins rerouting via southern Africa

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Maersk begins rerouting via southern Africa

Danish shipping giant Maersk confirmed on Tuesday that its vessels due to transit the Red Sea and Gulf of Aden would take the Cape of Good Hope route around the south of Africa after a spate of attacks by Houthi militants from Yemen. Along with a host of other firms, the company had previously announced … Read more

Banks close record number of branches in 2021, led by Wells Fargo

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A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters U.S. banks closed a record number of retail branches in 2021 as customers increasingly turn to digital banking and the industry consolidates. On net, U.S. banks shuttered 2,927 branches last year, according to S&P Global Market … Read more