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☆ Oil dips as investors eye Israel-Gaza truce talks, U.S. Fed policy review
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: +2 min

An oil pump jack is seen in the Loco Hills region, New Mexico, U.S., April 6, 2023. Oil edged down in early trade on Tuesday after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanded conflict in the Middle East, while worries about the outlook for U.S. interest rates weighed on the market. The delegation was expected to report back within two days, two Egyptian security sources said. On the economic front, investors are on watch this week for the U.S. Federal Reserve's May 1 policy review, with stubborn inflation pushing out market expectations for any rate cuts, which could bolster the U.S. dollar and hamper oil demand. Some investors are cautiously pricing a higher probability that the Fed could hike interest rates by a quarter percentage point this year and next as inflation and the labor market remain resilient.

Persons: Israel, Yemen's, Yahya Sarea Organizations: Brent, U.S . West Texas, Qatari, Suez, MSC Orion, U.S, U.S . Federal, U.S . Locations: New Mexico, U.S, Israel, Cairo, Gaza, Rafah, Iran, U.S .

☆ Ukraine says it used 7 exploding drones to take out a $100 million Russian radar system
▼ + stars: | 2024-04-17 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Ukraine said on Tuesday that it used 7 exploding drones to destroy a Russian radar system. Ukrainian media said the destroyed system was a Nebo-U, which monitors hundreds of miles of airspace. Ukraine assessed that the Nebo-U, downed by cheap drones, was worth $100 million. Ukrainian outlets reported that the destroyed Nebo-U was worth about $100 million. Multiple variations of the Nebo, which translates to "sky" in Russian, are used by Russian air and ground forces.

Persons: —, Yemen's Organizations: Service, Security Service of Ukraine, Kyiv Independent, Ukrainska Pravda, Kyiv, Business, Hamas Locations: Ukraine, Russian, Nebo, Bryansk, Russia, Belgorod, Ukrainian, Kharkiv, Rostov, Israel, Red

A battle is playing out in the Red Sea as Yemen's Houthi militia attacks commercial shipping vessels headed to the Suez Canal using weapons supplied by Iran. Now a US-led task force is fighting back. We compare the weapons and tactics and tell you who holds the power in this global conflict.

Locations: Suez, Iran

☆ India's inflation, growth at risk from Red Sea crisis-driven oil price rise, government says
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: +1 min

India's national flag flaps next to the 'National Emblem' at the newly constructed Indian parliament building after the flag hoisting ceremony in New Delhi on Sept.17, 2023. India's inflation and economic growth are at risk from the rise in oil prices caused by disruptions in the Red Sea, the government said on Friday, highlighting the need to diversify trade routes. A combination of high freight costs, insurance premiums and long transit times can make imported goods "significantly more expensive", India's finance ministry said in its monthly economic review. India's shipments of agricultural commodities, textiles, chemicals, capital goods, marine and petroleum products may be impacted due to the disruptions, and affect the price competitiveness of exports. "To effectively address these challenges, there may be a need to diversify trade routes and transportation options," the finance ministry said.

Persons: Yemen's Locations: New Delhi, Red, Europe, Suez, Africa

☆ Explosion Reported Near Ship off Yemen Coast, UKMTO Says
▼ + stars: | 2024-03-16 | by ( March | At P.M. | ) www.usnews.com time to read: +1 min

CAIRO (Reuters) - The captain of a merchant ship east of Yemen's Aden has reported an explosion near the ship, the United Kingdom Maritime Trade Operations (UKMTO) agency said early on Sunday. "No damage to the vessel has been reported and the crew are reported safe. The vessel is proceeding to its next port of call," UKMTO said in an advisory note. The ship was 85 nautical miles (157 km, 98 miles) east of Aden, in an area where Houthi militant groups often target ships they say are linked to Israel or the United States. War in Israel and Gaza View All 222 ImagesThe United States and Britain have launched strikes on Houthi targets in Yemen and redesignated the militia as a terrorist group.

Persons: UKMTO, Yemen's, Hatem Maher, Tom Hogue, Edmund Klamann Organizations: United Kingdom Maritime Trade Operations, U.S Locations: CAIRO, Yemen's Aden, Aden, Israel, United States, Africa, Gaza, Britain, Yemen, Yemeni

The Houthi attack involved bomb-carrying drones and one anti-ship ballistic missile, the U.S. military's Central Command said. The U.S. later launched an airstrike destroying three anti-ship missiles and three bomb-carrying drone boats, Central Command said. Gen. Yahya Saree, a Houthi military spokesman, acknowledged the attack, but claimed its forces targeted two American warships, without elaborating. Despite more than a month and a half of U.S.-led airstrikes, Houthi rebels have remained capable of launching significant attacks. Smoke poured out of one container aboard the vessel, which also showed scorch marks from the impact from a Houthi missile.

Persons: Yemen's, Carney, Arleigh Burke, Yahya Saree, ” Saree, Smoke Organizations: United Arab Emirates, —, Hamas, U.S . military's, Command, U.S, Central Command, MSC Sky, Mediterranean Shipping Co Locations: DUBAI, United Arab, U.S, Red, Gaza, Brig, Israel, Iran, Kolkata, Gulf, Aden, Switzerland, Singapore, Djibouti

☆ CNBC Daily Open: Is the battle against inflation getting tougher?
▼ + stars: | 2024-02-21 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The 30-stock Dow fell 0.17%. Palo Alto Networks dipsShares of Palo Alto Networks fell 19% in extended trading, after the cybersecurity company lowered its full-year outlook. Pros say that exposure can come from real estate investment trusts and picked 5 REITS that are in play.

Persons: Jerome Powell, Dow, Nikesh Arora, Amazon's Dow, Yemen's Organizations: Federal Reserve, New York Stock Exchange, CNBC, Nvidia, Nasdaq, Palo, Palo Alto Networks, Walgreens, Dow Industrial, Dow Jones Indices Locations: New York City, U.S, Red, Rafah

☆ Middle East escalation fears spike as Houthis launch most damaging attack yet
▼ + stars: | 2024-02-20 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Houthi military spokesman Yahya Saree claimed the group's responsibility for the attack, calling it their most severe yet. The group claim to support Palestinian civilians amid Israel's retaliatory military campaign in the Gaza Strip. Simultaneously, fighting is raging between Israel and Hamas in the Gaza Strip with no sign of abating despite diplomatic efforts by a number of countries. INTERNATIONAL WATERS RED SEA, YEMEN - NOVEMBER 20: This handout screen grab captured from a video shows Yemen's Houthi fighters' takeover of the Galaxy Leader Cargo in the Red Sea coast off Hudaydah, on November 20, 2023 in the Red Sea, Yemen. EU foreign ministers called in a joint statement for an immediate humanitarian pause that would lead to a lasting cease-fire.

Persons: Mohammed Huwais, Yemen's, Yahya Saree, Saree, Charles Myers, CNBC's, Myers, Hungary —, Israel's, Benjamin Netanyahu, Israel, hasn't, Mohammed Abed Organizations: Hamas, Afp, Getty, U.S . Central Command, Global Advisors, SEA, Galaxy Leader Cargo, Handout, Security, Palestinian Locations: Israel, Sanaa, Gaza, Red, Belize, Gulf, Aden, Iranian, Yemen, U.S, Gulf Aden, Rafah, Gaza's, YEMEN, Red Sea, Lebanon, Iran, Beirut, Hungary

☆ Iran-backed Houthi rebels just shot down an MQ-9 Reaper, costing the US another $30 million combat drone
▼ + stars: | 2024-02-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The Houthi rebels shot down an American MQ-9 Reaper drone off the coast of Yemen on Monday, two US officials confirmed to Business Insider. A Pentagon spokesperson said the rebels used a surface-to-air missile to take down the drone, which has not yet been recovered by the US. Photo by Houthi Movement via Getty ImagesThe incident comes less than three months after the Houthis shot down an American Reaper drone off the coast of Yemen as the aircraft was flying through international airspace. These capabilities make the Reaper useful in the US efforts to stop Houthi missiles before they fire at international shipping. Photo by Houthi Movement via Getty ImagesThe downed Reaper drone was not the only escalatory move by the Houthis over the past two days.

Persons: —, It's, CENTCOM Organizations: Service, Business, Pentagon, US, Houthi, Getty, Hellfire, US Central Command Locations: Yemen, Iran, Gulf of Aden, Alhudaydah province, Russian, Europe

☆ Yemen's Houthis say they targeted oil tanker Pollux
▼ + stars: | 2024-02-17 | by ( ) www.cnbc.com time to read: 1 min

Yemen's Iran-aligned Houthis said on Saturday that they had fired missiles at oil tanker Pollux, which U.S. officials said the previous day had been hit by a missile. The U.S. State Department said on Friday that the Pollux, a Panamanian-flagged tanker carrying crude oil bound for India, was hit by a missile on its port side. "The naval forces of the Yemeni Armed Forces carried out a targeting operation against a British oil ship (Pollux) in the Red Sea with a large number of appropriate naval missiles, and the strikes were accurate and direct", the Houthis' military spokesperson, Yahya Sarea, said in a statement. The Houthis have launched repeated drone and missile attacks against international commercial shipping in the Red Sea and the Bab al-Mandab Strait since mid-November, saying they are acting in solidarity with Palestinians as Israel wages war on Hamas.

Persons: Houthis, Yahya Sarea Organizations: U.S . State Department, Yemeni Armed Forces Locations: Iran, Panamanian, India, Mandab, Israel

☆ Yemen's Houthis Fire Missiles at British Ship in Gulf of Aden, Spokesman Says
▼ + stars: | 2024-02-15 | by ( Feb. | At P.M. | ) www.usnews.com time to read: 1 min

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Organizations: U.S . News, U.S News

☆ Yemen's Houthis Hold Funeral for 17 Militants Killed in US-UK Air Strikes
▼ + stars: | 2024-02-10 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

CAIRO (Reuters) - Yemen's Houthi militia held a funeral on Saturday for at least 17 militants killed during joint U.S.-British airstrikes targeting the Iran-backed militants, the Houthi-run Saba news agency said. The Houthis have launched waves of exploding drones and missiles at commercial ships since Nov. 19 in what they say is a response to Israel's military operations in Gaza, prompting Britain and the United States to start retaliatory strikes last month. "These crimes will not discourage the Yemeni people from continuing their support and backing of their brothers in the Gaza Strip," Saba said in its coverage of the funerals. The Houthi campaign has disrupted international shipping, causing some companies to suspend transits through the Red Sea and instead take the much longer, costlier journey around Africa. Photos You Should See View All 21 Images(Reporting by Ahmed Tolba; Writing by Adam Makary; Editing by Mark Heinrich and Helen Popper)

Persons: Saba, Ahmed Tolba, Adam Makary, Mark Heinrich, Helen Popper Locations: CAIRO, Iran, Saba, Gaza, Britain, United States, Israel, Yemen, U.S, Africa

DUBAI, United Arab Emirates (AP) — Meta has removed Instagram and Facebook accounts run on behalf of Iran's Supreme Leader Ayatollah Ali Khamenei after criticism over his support for Hamas after its Oct. 7 attack on Israel that sparked the monthslong war still raging in the Gaza Strip, the company confirmed Friday. Khamenei and accounts associated with the supreme leader had been praising the Hamas attack on Israel that killed 1,200 people and saw some 250 others taken hostage. Immediately after the attack, Khamenei backed Hamas in a speech, saying: “We kiss the hands of those who planned the attack on the Zionist regime." Iran has provided arms and support to Hamas, though Tehran isn't believed to have directed the Oct. 7 attack. “He’s used these platforms for years to incite violent antisemitism, to legitimize militant anti-zionism and to make genocidal threats,” Greenblatt wrote online.

Persons: — Meta, Ayatollah Ali Khamenei, Khamenei, Donald Trump, Mahsa Amini, Tehran isn't, Yemen's, Jonathan Greenblatt, Meta's, “ He’s, ” Greenblatt Organizations: United Arab Emirates, —, Iran's, Organizations, U.S ., United Nations, U.S, Trump, Facebook, Green Movement, Twitter, Zionist, Defamation League Locations: DUBAI, United Arab, Israel, Gaza, Menlo Park , California, Iran, America, Tehran, East

☆ Shipping giant Maersk suspends share buybacks amid Red Sea disruption, flags 2024 earnings uncertainty
▼ + stars: | 2024-02-08 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — Danish shipping giant Maersk on Thursday flagged "high uncertainty" in its 2024 earnings outlook as Red Sea disruptions continued to weigh on the industry. The company also said that it would be suspending share buybacks on the back of the uncertainty. Maersk said it expected underlying EBITDA (or earnings before interest, tax, depreciation and amortization) of between $1 billion and $6 billion this year, compared to the $9.6 billion recorded in 2023. "The impact of this situation is causing new uncertainty for how this is going to play out from an earnings perspective throughout the year," CEO Vincent Clerc told CNBC's "Squawk Box Europe." Global supply chains have faced serious disruption since late 2023 after major shipping companies began diverting journeys away from the Red Sea following a string of attacks by Yemen's Houthi rebels.

Persons: Maersk, Vincent Clerc, CNBC's, Yemen's Houthi Organizations: LONDON Locations: Ocean, Iran, Gaza, Israel

FRANKFURT, Germany (AP) — Missiles and drones are flying in the Red Sea, disrupting one of the world's key trade arteries and a chokepoint for energy shipments headed for Europe. Last year, 12.9% of Europe's LNG went through the Red Sea from suppliers in the Middle East, mainly Qatar. That means “an extended shut-in of the Red Sea route from the Middle East poses a supply risk to Europe,” said Kaushal Ramesh, vice president at Rystad Energy. So far, there's been little to no impact on natural gas prices. Europe is getting a break because demand for natural gas is weak amid a sluggish economy.

Persons: Yemen's Houthi, it's, ”, Kaushal Ramesh, there's, ” Rystad's Ramesh, Simone Tagliapietra, Tagliapietra, Biden, Vladimir Putin, Joe Biden, Jennifer Granholm, Eurogas, Tagliapeitra, Claudia Kemfert, ___ Daly Organizations: Missiles, Union, SEA, Italy's, Europe's, Rystad Energy, WHAT'S, Energy, Industry, German Institute of Economic Research, Leuphana University Locations: FRANKFURT, Germany, Red, Europe, Italy, Russia, Ukraine, Mandab, Israel, U.S, Yemen, Africa, Suez, Qatar, China, Norway, Azerbaijan, Brussels, Iran, Hormuz, Persian, That's, ”, Asia, ” U.S, USA, EU, Washington

☆ Houthis could cut undersea global internet cables, minister warns
▼ + stars: | 2024-02-05 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

An analyst has warned that the Houthis' next target could be undersea internet cables. That analysis warned of the potential shift in the Houthi's strategy in the Red Sea. Such a move would see the Houthis' strategy shift from targeting shipping — itself deeply disruptive to the global economy — to the global flow of information. In the analysis published last week, analyst Emily Milliken at the DC-based Askari Defense & Intelligence described undersea cables as the Houthi's "next casualty." Advertisement"Even partial damage to the undersea cables could eliminate internet access across vast areas, causing major economic disruptions for entire countries," she wrote.

Persons: —, Moammar, Emily Milliken, Milliken, Yemen's, Jake Epstein, group's Organizations: UN, Service, Gulf International, Askari Defense & Intelligence, Telegram, General Telecommunications Corporation, Guardian, Yemen Telecom, of Telecommunications, Information Technology, US Central Command Locations: Aden, Gulf, Red, Yemen, Gaza

☆ Yemen's Houthis Vow Response After US, British Strikes
▼ + stars: | 2024-02-04 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +6 min

The group's military spokesperson Yahya Sarea said the U.S. strikes "will not pass without a response and consequences." HOUTHIS SAY WON'T BE DETERREDThe Houthis, who control swathes of Yemen, say their attacks are in solidarity with Palestinians as Israel strikes Gaza. The strategy blends limited military strikes and sanctions, and appears aimed at punishing the Houthis while attempting to limit the risk of a broad Middle East conflict. "We have already successfully targeted launchers and storage sites involved in Houthi attacks, and I am confident that our latest strikes have further degraded the Houthis’ capabilities." The United States said Sunday's strikes had support from Australia, Bahrain, Canada, Denmark, the Netherlands and New Zealand.

Persons: Phil Stewart, Idrees Ali, Mohammed Ghobari WASHINGTON, Yahya Sarea, Mahjoob Zweiri, Joe Biden, Sarea, Grant Shapps, Sunday's, Badr bin Hamad bin Hamoud, Busaidi, Andrew Mills, Tom Perry, Hugh Lawson Organizations: Reuters, Britain, Pentagon, Hamas, Residents, Islamic Revolutionary Guard Corps, Gulf Studies, Qatar University, U.S, Republicans, Democrat, U.S . military's Central Command, British Defence, U.S . Central Command, Oman Foreign, Tala Locations: ADEN, United States, Yemen, Iran, Palestinian, Israel, Gaza, Tehran, Houthi, U.S, Jordan, Iraq, Syria, Lebanon, Britain, Africa, Egypt, Suez, Red, States, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Sanaa Governorate, Taiz Governorate, Hodeidah Governorate, Oman, Doha, Dubai

☆ U.S. and Britain strike Yemen's Houthis in a new wave, retaliating for attacks by Iran-backed militants
▼ + stars: | 2024-02-03 | by ( ) www.cnbc.com time to read: +7 min

Yemen's Houthi followers take part in a tribal parade held against the United States-led aerial attacks launched on sites in Yemen, and solidarity with Palestinians, on January 22, 2024, near Sana'a, Yemen. The Defense Department said the strikes targeted sites associated with the Houthis' deeply buried weapons storage facilities, missile systems and launchers, air defense systems and radars. Saturday's strikes marked the third time the U.S. and Britain had conducted a large joint operation to strike Houthi weapon launchers, radar sites and drones. Iran has tried to distance itself from the drone strike, saying the militias act independently of its direction. Mosawi said the targeted sites in Iraq were mainly "devoid of fighters and military personnel at the time of the attack."

Persons: Yemen's, Dwight D, Lloyd Austin, Eisenhower, Carney, Hope, Bab, Jordan, Hussein, Mosawi, Rami Abdurrahman, Bassim, Awadi Organizations: Iranian Revolutionary Guard, Eisenhower, USS Carney, Associated Press, Defense Department, U.S, Human Rights, Islamic, Iraq, Israel Locations: United States, Yemen, Sana'a, Britain, Iran, Israel, Iraq, Syria, Jordan, U.S, Gulf of Aden, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Washington, Tehran, Sanaa, SABA, al, Gulf, Aden, Africa, Suez, Mandeb, Iranian, Baghdad, Gaza, Iraqi

☆ Oil prices gain after OPEC+ maintains output cuts
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: +2 min

An oil pump jack in Midland, Texas, US, on Thursday, March 2, 2023. Photographer: Sergio Flores/Bloomberg via Getty ImagesOil prices rose in early trade on Friday following a decision by OPEC+ to keep its oil output policy unchanged, clawing back some losses from the previous trading session triggered by unsubstantiated ceasefire reports between Israel and Hamas. Both contracts settled more than 2% lower on Thursday due to the unverified ceasefire reports between Israel and Hamas. On Thursday, two OPEC+ sources said the group has kept its oil output policy unchanged, and will decide in March whether or not to extend the voluntary oil production cuts in place for the first quarter. Lower interest rates would reduce consumer borrowing costs, which can boost economic growth and oil demand.

Persons: Sergio Flores, Brent, Yemen's, Jerome Powell Organizations: Bloomberg, Getty, OPEC, U.S, West Texas, Hamas, of, Petroleum, ANZ Research, U.S . Federal Locations: Midland , Texas, Israel, Iran, Red, Russia, OPEC, U.S .

☆ Italy to Supply Admiral for EU Red Sea Naval Mission
▼ + stars: | 2024-02-02 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

ROME (Reuters) - Italy will provide the admiral in command of a European Union Red Sea naval mission to protect ships from attacks by Yemen's Houthi militia, Defence Minister Guido Crosetto said on Friday. "The European Union today asked Italy to supply the Force Commander for the Aspides Operation in the Red Sea," Crosetto said in a statement. The EU's foreign policy chief Josep Borrell said on Wednesday he hoped the mission, to be named Aspides - meaning "protector" in ancient Greek - could be launched on Feb. 17. Its mandate would be to protect commercial ships and intercept attacks, but not take part in strikes against the Houthis, Borrell said. (Reporting by Angelo Amante; Writing by Gavin Jones; Editing by Daniel Wallis)

Persons: Yemen's, Guido Crosetto, Crosetto, Josep Borrell, Borrell, Angelo Amante, Gavin Jones, Daniel Wallis Organizations: European, Red Sea, Defence Locations: ROME, Italy, Yemen, Gaza, Union, Red, Israel, Greece, Larissa

☆ Why Yemen’s Houthi rebels welcome conflict with the US
▼ + stars: | 2024-02-01 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

Since mid-November the rebels have been attacking commercial ships in the Red Sea and the Strait of Bab al-Mandab. The Red Sea is a vital waterway that connects to the Suez Canal, through which 10% to 15% of world trade passes. In its fight, the Houthi group has distracted from Yemen’s humanitarian crisis, shored up domestic and international support, and made its name known among those who knew little to nothing about the movement, they say. That narrative has taken hold among those who oppose the Gaza war the world over. Yemen’s civil war began in 2014, when Houthi forces stormed the capital Sanaa and toppled the internationally recognized, Saudi-backed government.

Persons: Abdel Malek al, Houthi, ”, Allah, Thomas Juneau, ” Juneau, ’, Ahmed Nagi, Juneau, Israel, “, Biden, Netanyahu, ” Mohamed Ali al, Nagi, ” Nagi, ” Mohammed Ali Al, Yemen's Houthi, ” “ Houthis, Nadwa, Yemenis, ” Dawsari Organizations: CNN, Hamas, Hezbollah, Yemeni, Graduate School of Public and International Affairs, University of Ottawa, Canada’s Department of National Defense, Yemeni Armed Forces, European Union, NATO, United, Crisis, UN, BBC, Political Council, Galaxy Leader, Getty, Middle East Institute Locations: Constantinople, Istanbul, United States, Saudi, Israel, Gaza, Bab, Suez, Iran, China, India, Tehran, Iraq, Jordan, Yemen, Red, Solidarity, Aden, Instagram, US, United Kingdom, Brussels, Saudi Arabia, tatters, Yemen's province, Hodeida, AFP, America, Washington ,

JERUSALEM (AP) — A U.S. Navy destroyer in the Red Sea shot down an anti-ship cruise missile launched by Yemen's Houthi rebels, the latest attack targeting American forces patrolling the key maritime route, officials said Wednesday. The attack late Tuesday night targeted the USS Gravely, an Arleigh Burke-class guided missile destroyer, the U.S. military's Central Command said in a statement. Political Cartoons View All 253 ImagesThe Houthis claimed without evidence on Monday to have targeted the USS Lewis B. Puller, a floating landing base used by the Navy SEALs and others. Since November, the rebels have repeatedly targeted ships in the Red Sea over Israel’s offensive against Hamas in Gaza. The Houthis hit a commercial vessel with a missile on Friday, sparking a fire that burned for hours.

Persons: Yemen's Houthi, Arleigh Burke, Yahya Saree, ” Saree, Houthi, Lewis B, Puller Organizations: JERUSALEM, —, U.S . Navy, U.S . military's, Command, Navy, Hamas Locations: U.S, British, Red, Gaza, Israel, Asia, Europe

☆ Ship Carrying 16,000 Sheep and Cattle Stranded off Australia
▼ + stars: | 2024-01-31 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

"It's very hard to imagine that that is consistent with the animal welfare standards that Australians expect to be applied to Australian animals." ROUGH WEATHERAustralia is a major exporter of live animals, shipping more than half a million sheep and half a million cattle last year. Most cattle go to Asian markets such as Indonesia and Vietnam but the Middle East is by far the biggest destination for Australian sheep. Israel is a key market, receiving 86,100 sheep worth $6.5 million and 10,848 cattle worth $14 million from Australia in the first three months of last year, trade data show. Australia's Labor government has pledged to outlaw exports of live sheep in coming years but faces angry pushback from farm groups who say this would put people out of work and destroy farming communities.

Persons: Peter Hobson CANBERRA, Yemen's, Josh Wilson, Bassem, Geoff Pearson, Canberra, Peter Hobson, Stephen Coates Organizations: Fremantle, WA Farmers, Reuters, Korkyra Shipping, Labor Locations: Australia, Israel, Africa, Red, Europe, Asia, Indonesia, Vietnam, New Zealand

☆ Houthi rebels took aim at a US aircraft, but the military blew their missiles up before they got a shot off
▼ + stars: | 2024-01-31 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The US military destroyed a Houthi missile that posed a threat to a US aircraft on Wednesday. It's the latest preemptive action taken by the US, which has destroyed multiple Houthi missiles. AdvertisementUS forces on Wednesday destroyed a Houthi missile that presented an immediate threat to American aircraft, the US military said, marking the latest engagement between Western militaries and the Iran-backed rebels. After initially identifying the missile, the military determined that it "presented an imminent threat" to US aircraft operating in the region. After Wednesday's incident, however, the military specified that it hit a surface-to-air missile and that it posed a threat to US aircraft.

Persons: —, Zachary Elmore, Aden —, Houthis, Pat Ryder, Yemen's, Mohammed Hamoud Wednesday's, Biden Organizations: Command, Service, Central Command, Business, Pentagon, Hornet, Eisenhower, US Navy, British Locations: Yemen, Iran, CENTCOM, Aden, Yemen's Amran, Washington, Iraq, Syria, Jordan

FRANKFURT, Germany (AP) — Europe’s economy failed to expand at the end of 2023, with the stagnation now lasting for more than a year amid higher energy prices, costlier credit and lagging growth in powerhouse Germany. Zero economic growth for the October-to-December period of last year follows a 0.1% contraction in the three months before that, according to figures released Tuesday by EU statistics agency Eurostat. That extends a miserable run of economic blahs: The 20 countries that use the euro currency have not shown significant growth since the third quarter of 2022, when the economy grew 0.5%. With higher shipping costs and delays to products from clothes to keyboard components, concerns are growing of new consumer price spikes if the conflict in Gaza drags on or escalates. The trade disruption could add as much as 0.5% to core inflation, which excludes volatile fuel and food prices, Oxford Economics said.

Persons: ”, Holger Schmieding, Yemen's Houthi Organizations: EU, Eurostat, European Central Bank, Oxford Economics, ECB, Hamas, Oxford Locations: FRANKFURT, Germany, Suez, Asia, Europe, Berenberg, United States, Russia, Ukraine, Red, Africa, Gaza

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