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Red Sea Crisis: China’s Secret Deal with Yemen’s Houthi Rebels
Recent intelligence reports from the United States have revealed a troubling connection between China and Yemen’s Houthi ...
Disruptions at Ports and the Red Sea Shaped a Year of Crisis Navigation
Skechers noted in July that the supply chain disruptions and shipping delays from the crisis forced the footwear brand to ...
Sourcing Journal on MSN6d
Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues Sink
In November, 115 container vessels passed through the canal, a 72 percent drop from the 422 that passed through a year ago, ...
India’s goods, services exports to cross $800 bn in FY25 despite geo-political issues, says Goyal
Despite the Red Sea crisis, India's exports are expected to surpass $800 billion, with a focus on strengthening economic ...
The New York Times3d
Who Are the Houthis, and Why Are the U.S. and Israel Attacking Them?
But continuing to use the Red Sea would raise insurance premiums and ... Gaza’s Humanitarian Crisis: Even as mediators try to secure a cease-fire deal between Israel and Hamas, human rights ...
usaherald10d
Red Sea Crisis: Friendly Fire Incident Results in Loss of US Navy Super Hornet
In a significant mishap over the Red Sea, a U.S. Navy F/A-18 Super Hornet was inadvertently shot down by the guided-missile ...
TradeWinds7d
Red Sea crisis costs Egypt $7bn as Suez Canal revenues plummet
Diverting shipping away from the Suez Canal cost Egypt nearly $7bn this year as revenues dropped by 60% year over year. The ...
Stars and Stripes3d
Houthi attack risk complicates Navy’s calculus on retrieving downed fighter jet, analysts say
Recovery of a Navy F/A-18 Super Hornet recently downed over the Red Sea likely hinges on what’s left of the wreckage and how ...
Asia One6h
Staff at Taiwan shipping giant Evergreen to get 20 months' pay in year-end bonus
A Taiwanese company that is known for giving employees big bonuses has done it yet again. Shipping giant Evergreen announced ...
India's goods and services exports may cross $800 billion in FY25, says Piyush Goyal
Goyal acknowledged that an increase in shipping costs due to the Red Sea crisis limited the growth in Indian exports to US, Europe, Latin America and African nations.
Yahoo News6d
Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues Sink
The yearlong attacks on commercial ships in the Red Sea are continuing to take their financial toll on the Suez Canal and the Egyptian economy. According to a statement from Egypt’s presidential ...