Danish shipping group Maersk is diverting its ME2 container service away from the Red Sea and Gulf of Aden, rerouting the vessels around the Cape of Good Hope.
The Cape of Good Hope © Mena Today
Danish shipping group Maersk is diverting its ME2 container service away from the Red Sea and Gulf of Aden, rerouting the vessels around the Cape of Good Hope, the company said in an advisory to clients on Monday.
The ME2 service links Italy and the western Mediterranean Sea to the east coast of India and the United Arab Emirates. The decision comes as Houthi attacks continue in the Red Sea.(Reuters)
Israel's economy has for almost a year ridden out the chaos of a war that risks spiralling into a regional conflict, but rising borrowing costs are starting to strain its financial architecture.
Airstrikes were launched on Friday at several parts of Yemen including its capital Sanaa and Hodeidah airport, Al Masirah TV, the main television news outlet run by the Houthi movement controlling much of Yemen, and residents said.
Rising tensions in the Middle East add new uncertainties for the global economy even as policymakers start to congratulate themselves on having steered it out of a bout of high inflation without triggering recession.
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