Maersk suspends shipping through Red Sea ‘until further notice’
CNN
Maersk has suspended shipping through the Red Sea and Suez Canal “until further notice” as it continues to review security following an attack on one of its vessels.
Maersk has suspended shipping through the Red Sea and Suez Canal “until further notice” as it continues to review security following an attack on one of its vessels. The Danish shipping company initially introduced a 48-hour pause in transits through the Red Sea starting Sunday in the wake of the weekend attack by Iranian-backed Houthi militants on the Maersk Hangzhou. The attack happened just days after Maersk had resumed sailing in the area following the establishment of a US-led international naval mission to protect commercial shipping. “An investigation into the incident is ongoing and we will continue to pause all cargo movement through the area while we further assess the constantly evolving situation,” Maersk said in a statement Tuesday. It added that, in some cases, vessels will be rerouted around the Cape of Good Hope in South Africa. A schedule published on Maersk’s website late Monday showed that more than 100 of its vessels sailing in the coming weeks have been diverted, reflecting how precarious the situation is in one of the world’s vital trade routes. The Suez Canal, which connects the Red Sea to the Mediterranean Sea, typically ferries as much as 30% of global container trade.
Trump’s Commerce secretary pick backed a crypto company that can’t seem to stay out of trouble
Thanksgiving dinner will cost less this year than last but will still be 19% higher than before the pandemic, according to the American Farm Bureau Federation’s annual Thanksgiving survey out Wednesday.
Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan.
Conspiracy theorist Alex Jones has sued a court-appointed bankruptcy trustee and the families of some of the Sandy Hook victims in an attempt to stop the sale of his media empire Infowars to the satirical news outlet The Onion.
The cat’s out of the bag: Jaguar has unveiled a new logo that emphasizes its posh pronunciation as it transitions into a “new era” that emphasizes its all-electric vehicle lineup.
Markets sold off Tuesday as geopolitical tensions escalated between Ukraine and Russia.
Protesters opposed to Tesla’s expansion of its plant near Berlin were holding out in trees Tuesday as German police sought to clear their forested camp.
Jersey Mike’s Subs is selling a significant stake to private equity giant Blackstone, ending its nearly seven-decade run as an independently owned business that transformed into a major competitor against well-entrenched competitors like Subway.
Walmart’s business is surging. Customers making more than $100,000 a year are fueling the growth.
The president-elect’s plan to deport millions of undocumented immigrations may backfire, driving up the cost of homebuying even further.
In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. The cryptocurrency topped $70,000 in March, according to coinmarketcap.com.