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Results for: February 2024 (383)

US, UK ship investors hit by soaring Red Sea insurance

Shipping

US, UK ship investors hit by soaring Red Sea insurance

War underwriters have raised the premiums they charge to U.S., British and Israeli firms by as high as 50% for ships transiting the Red Sea and some providers are avoiding such business due to targeting of the vessels by Yemen's Houthis, sources said.

Morocco's unemployment rate at 13% in 2023

Morocco

Morocco's unemployment rate at 13% in 2023

Morocco's unemployment rate rose to 13% in 2023 from 11.8% a year earlier, as the farming sector continues to shed jobs due to a drought, Morocco's statistics agency HCP said.

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