(NewsNation) — Aboard the USS Eisenhower, one can easily get lost in the massive aircraft carrier. First commissioned in 1977, the Eisenhower is the second oldest aircraft carrier in the United States Navy’s fleet. Despite its age, it’s been the busiest over the last five years, with more than 550 days of active deployment. NewsNation … Read more
(NewsNation) — Eight months ago, the average American would have had a difficult time telling you exactly who the Houthis in Yemen are. Since late last year, the Houthis have captured a ship. They have sunk a ship. They’ve also killed three sailors in the region. “They are a legitimate terrorist organization, and they conduct … Read more
A ship attacked by Yemen’s Houthi rebels has sunk in the Red Sea after days of taking on water, officials said Saturday, the first vessel to be fully destroyed as part of their campaign over Israel’s war against Hamas in the Gaza Strip. The sinking of the Rubymar comes as shipping through the crucial waterway for cargo and … Read more
Muonio: The situation in the Red Sea is creating supply chain issues for German luxury carmaker Audi, impacting car deliveries to customers in India in the first quarter but recovery is expected in the coming months, according to a senior company official. With electrification on its primary agenda, the company is also evaluating the possibility … Read more
The Reserve Bank of India (RBI) Thursday maintained the policy interest rate and monetary stance for the sixth straight meeting citing geopolitical tensions and an uncertain food price trajectory, but forecast robust economic growth next fiscal on sustained capital expenditure by both the public and private sectors. Hopes of an early reduction in rates have, … Read more
A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. Sayed Hassan | Getty Images Trade associations representing sectors across the global economy have joined an open letter urging more governments around the world to join Red Sea maritime security efforts. The letter, obtained exclusively by CNBC, was … Read more
Descrease article font size Increase article font size The United States and United Kingdom have launched “proportionate and necessary strikes” against 36 Houthi targets across 13 locations in Yemen, according to a joint military statement issued through the Canadian Forces on Monday. The joint statement says these strikes were done with support from Australia, Bahrain, … Read more
The Iran-aligned Houthi militants have launched missiles at commercial vessels since November 19. Sanaa: Yemen’s Houthis on Thursday said their naval forces targeted an unidentified British merchant vessel in the Red Sea in the group’s campaign to disrupt shipping to protest Israel’s bombardment of Gaza. Earlier on Thursday, the United Kingdom Maritime Trade Operations (UKMTO) … Read more
A China-Europe freight train returning from Russia arrives at a railway container freight center on September 20, 2023 in Manzhouli, China. Liu Wenhua | China News Service | Getty Images Shippers are scrambling to find alternative ways to transport goods from China to Europe in light of the disruption caused by attacks on the Red … Read more
Maruti Suzuki India, the country’s top carmaker by sales, is facing some logistical challenges due to traffic disruption in the Red Sea, a company executive said on Wednesday. “The time of dispatches may change and there may be some uncertainty in vessels coming and picking up their consignments,” Rahul Bharti, Maruti’s investor relations chief, said … Read more
