The alternative route, around the Cape of Good Hope, adds about 3,500 nautical miles to the journey. This has led to fears of disruption to the supply of goods transported through the Suez Canal, and an increase in prices to cover the higher transport costs.
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Shoppers splashing out boosts economy in January
admin, , Business, 0
However, the ongoing of impact of higher interest rates which are aimed at slowing spending and bringing prices down,...
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More than 20 councils replacing pay and display parking machines with apps
admin, , Business, 0
The BBC collated figures for 244 councils across England, which are responsible for parking. Out of the 242 councils...
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Alaskan Airlines flight 1282: Key questions behind door plug blowout
admin, , Business, 0
The NTSB is carrying out a full investigation. This will involve, for example, examining the plane itself, the lost...
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Banks warned over ‘weak excuses’ for savings rates
admin, , Business, 0
“If the high street banks continue to pay poor savings rates on their instant access accounts, they should make...
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Amazon to pay billions to prevent Christmas shortages
admin, , Business, 0
Chief executive Andy Jassy said Amazon expected to “incur several billion dollars of additional costs” as it managed its...
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Stamp duty change expected to spark homebuying rush
admin, , Business, 0
Home sales will “jump” at the beginning of next year as people try to buy before the rise in...
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Record mortgage borrowing as owners move or improve
admin, , Business, 0
House hunters, particularly first-time buyers, might be helped in their quest to have enough for a deposit by families...
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EE tells parents: don’t give under-11s smartphones
admin, , Business, 0
One of the UK’s largest mobile network providers is advising parents not to give primary school-aged children their own...
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