Half of UK exporters say Houthi attacks in Red Sea disrupting business

Half of UK exporters say Houthi attacks in Red Sea disrupting business

The British Chambers of Commerce says 55 percent of exporters report higher shipping costs and delays. More than half of exporters in the United Kingdom have been disrupted by attacks carried out by Yemen’s Houthis in the Red Sea, according to a survey by an influential business group. According to the survey by the British … Read more

Why is the US economy so resilient? | Business and Economy

Why is the US economy so resilient? | Business and Economy

The US economy is on a tear, and it has pulled far ahead of the rest of the world. Geopolitical tensions, the pandemic’s lingering aftershocks, high inflation and steep borrowing costs. Countries across the globe have faced multiple crises for months. And just last year, the world’s biggest economy, the United States, was at risk of … Read more

Why does the IMF predict strong Russian growth despite sanctions? | Business and Economy

Why does the IMF predict strong Russian growth despite sanctions? | Business and Economy

IMF upgrades growth outlook for Russia and downgrades expectations for the eurozone. The International Monetary Fund predicts strong growth for Russia’s economy this year, despite sanctions imposed for its invasion of Ukraine. European nations trail well behind Russia in the IMF growth forecast. What’s behind these figures? Presenter: Adrian Finighan Guests: Chris Weafer – chief … Read more

Working at a giant snail’s pace a boon for Ivorian farmers | Business and Economy

Working at a giant snail’s pace a boon for Ivorian farmers | Business and Economy

They may weigh a maximum of 500 grammes (one pound) and only grow to 10 centimetres (four inches), but the farming of giant snails is proving to be big business in the Ivory Coast. Considered a delicacy for their tasty flesh, the giant snails are also used to make cosmetics manufactured from their slime and … Read more

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