Barkah News

 Exporters are investigating cargo aircraft as a means of escaping the worsening Red Sea congestion. Written by Corina Pons, Helen Reid, and Jonathan Saul                                                                                      Source reuters.com December 20, LONDON/MADRID (Reuters) - Due to a spate of attacks in the Red Sea, exporters are frantically trying to find other air, land, and sea routes to bring toys, clothes, tea, and car parts to shops. This chaos is affecting freight supply networks worldwide. Since November 19, Iran-backed Houthi terrorists in Yemen have increased their attacks on ships in the Red Sea as a show of support for Hamas amid Israel's military campaign in Gaza. A vital commercial route that uses the Suez Canal to connect Europe, North America, and Asia has been hampered by the attacks. As businesses look to transfer goods via alternate, frequently longer ocean routes, container shipping costs have increased—more than tripling in some cases. Acc

                                                                           Source Washingtonpost.com  Current stock market: Ahead of a meeting between Biden and China's Xi, global shares are mainly up. Hongkong  — Ahead of this week's meeting between U.S. President Joe Biden and Chinese leader Xi Jinping, as well as the release of economic statistics from China, Japan, and the United States, global stocks were largely up on Monday. Every weekend, receive a handpicked selection of ten of our best articles straight to your email. The Paris CAC 40 gained 0.4% to 7,072.32, while Germany's DAX increased 0.4% to 15,287.05. The FTSE 100 in Britain increased 0.4% to 7,386.42. S&P 500 futures saw a 0.3% down, while Dow Jones Industrial Average futures saw a 0.2% decline. The presidents of the two largest economies in the world, Biden and Xi, are scheduled to meet in person for the first time in a year on Wednesday, outside of a Pacific Rim meeting in California. Both want to inc