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Reliable and affordable food and commodity imports are more important to a net food importer like Kenya than to some other countries. Perhaps more importantly, a critical part of the world's food supply system remains disrupted, undermining food security and raising the underlying costs of cross-border trade. The governments of Kenya and Ukraine are also working together on food security. Meanwhile, Russia's own efforts to play a part in rebuilding food security have been more a public relations exercise than real action. Although Russian sources have claimed that such shipments have begun, there is still little evidence of Russian food aid arriving in Africa.

Persons: Timothy Njagi Njeru, Kalya Kiptiony, Dr Abraham Korir SingOei, William Ruto, Volodymyr Zelenskyy, Russia's, Dr Njeru, Lensa Omune Organizations: Tegemeo Institute, Kenyan, Initiative, Kenya's Ministry of Foreign, Diaspora Affairs, International Food Policy Research Institute, Insider Studios, Foreign, Commonwealth & Development Office Locations: East Africa, Ukraine, Kenya, Russian, Nairobi, Russia, Africa, Horn, Port, Mombasa

☆ U.S. and Britain Strike 18 Houthi Targets in Yemen
▼ + stars: | 2024-02-25 | by ( Helene Cooper | Eric Schmitt | ) www.nytimes.com time to read: +5 min

Houthi militants have launched attack drones and cruise and ballistic missiles at vessels in the Red Sea and the Gulf of Aden. The United States and Britain carried out another round of large-scale military strikes Saturday against multiple sites in Yemen controlled by Houthi militants, U.S. officials said. On Monday, Houthi militants fired two anti-ship ballistic missiles at a cargo ship, U.S. Central Command said in a statement. The ship, called the Sea Champion, continued on to its destination at the port of Aden in Yemen, the statement added. The American-led retaliatory air and naval strikes against Houthi targets began last month.

Persons: ”, Houthi, Mason, Lloyd J, Austin III Organizations: Houthi, British, Defense Department, Associated Press, “, Yemeni Armed Forces, U.S ., U.S . Central Command, Central Command, Command, Iranian Locations: Aden, The United States, Britain, Yemen, Iran, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, “ U.S, U.S, Red Sea, Palau, Gaza, Israel, United States, Africa, Iraq, Syria, Saudi Arabia

☆ Battle for the Red Sea expands with U.S. strikes, EU stepping up its efforts against Houthis
▼ + stars: | 2024-02-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +9 min

Defense officials tell CNBC as of February 21, there have been at least 59 attacks on commercial shipping interests in the Red Sea. But the EU said the Red Sea moves reflect the need for a stronger European presence in protecting ships from Houthi attacks. Trade leaders have urged more countries to join the military effort in the Red Sea. A war of misinformation in the Red Sea crisis also continues. On February 2 in Brussels, Borrell informed Yemeni Prime Minister Bin Mubarak about the plans to launch a new EU maritime operation in the Red Sea and about its mandate.

Persons: Mason, Torm Thor, Good Hope, Peter Stano, Josep Borrell, Mark Montgomery, Sen, John McCain, Steven Lamar, Hussein, Azzi, Stano, Houthis, Borrell, Bin Mubarak, Rashad Al, Carl Bentzel, Bentzel, Tesla Organizations: European Commission, United States Central Command, Command, U.S, CNBC, European Union's Naval Force, EU, French Navy, Prosperity, Prosperity Guardian, EU Commission, Navy, Foundation, Defense of Democracies, Senate Armed, NATO, U.S . Central Command, UK, Prosperity Guardian . Trade, American Apparel and Footwear Association, Central Command, Yemeni, Presidential, Council, UN, Federal Maritime, Foreign Shipping, State Department, FMC, Walmart Locations: Aden, Iranian, Yemen, Red, Libyan Coast, Good, Somalia, European, EU, U.S, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Houthi, Europe, Suez, Belize, Brussels, Yemeni, United States, Egypt, Germany, Israel

☆ U.S. and British Warplanes Again Strike Houthi-Linked Targets in Yemen
▼ + stars: | 2024-02-24 | by ( Helene Cooper | Eric Schmitt | ) www.nytimes.com time to read: +1 min

The United States and Britain carried out another round of large-scale military strikes Saturday against multiple sites in Yemen controlled by Houthi militants, U.S. officials said. The strikes were intended to degrade the Iran-backed militants’ ability to attack ships in sea lanes that are critical for global trade, a campaign they have carried out for almost four months. American and British warplanes hit missile systems and launchers and other targets, the officials said. Australia, Bahrain, Canada, Denmark, the Netherlands and New Zealand provided support for the operation, according to a joint statement from the countries involved that was emailed to reporters by the Defense Department. The strikes, which the statement called “necessary and proportionate,” hit 18 targets across eight locations in Yemen associated with Houthi underground weapons storage facilities, missile storage facilities, one-way attack unmanned aerial systems, air defense systems, radars and a helicopter.

Persons: ” Organizations: Houthi, British, Defense Department Locations: States, Britain, Yemen, Iran, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand

It was clear that the war could significantly damage the Kenyan economy, as the country is almost entirely dependent on imports for its conventional fuel supply. But the extent of the damage caused by Russia's invasion of Ukraine to Kenya's economy is now clearer than ever. Kalya Kiptiony, investment analystFuel is Kenya's economic lifebloodAfter the start of the war, the price of fuel in Kenya rose, on average, 7.6% every month. Although Kenya gets most of its oil from the Gulf, Russia's invasion of Ukraine led to a spike in fuel prices worldwide. In a report late last year, the UN described just how factors like drought, inflation, and fuel and food price rises are combining to undermine livelihoods in Kenya.

Persons: Lensa Omune, Kalya, Kalya Kiptiony Organizations: International Food Policy Research Institute, Central Bank, IMF, UN, Insider Studios, Foreign, Commonwealth & Development Office Locations: Russia, Ukraine, Kenya, Nairobi, East Africa, Africa, Europe

☆ Megacap U.S. stocks are carrying the rest of the world. Here are the risks, and where to look for diversification
▼ + stars: | 2024-02-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

Megacap tech stocks aren't just powering the U.S. stock market — they're also holding the world together. U.S. equities now comprise 70% of the MSCI World Index, the benchmark for large- and mid-cap companies across 23 developed markets. The MSCI World Index shifts regional and country weights based on broader economic trends. High levels of market concentration in the late 1920s to early 1930s, as well as 2000, coincided with a market top, he noted. The Europe Stoxx 600 has risen only 2.6% year to date, underperforming the U.S. broad market index.

Persons: Goldman Sachs, Scott Rubner, Peter Berezin, Berezin, NVDA, Phillip Colmar, that's, Mike Dickson, Dickson, Warren Buffett's, Colmar, It's, you've, Germany DAX Organizations: Apple, Microsoft, Nvidia, BCA Research, Big Tech, MRB Partners, Horizon Investments, Nikkei, British FTSE, France CAC Locations: U.S, Europe, Colmar, Japan, Asia, Germany, France

Maxar Technologies Visual Investigations The $2.8 Billion Hole in U.S. Sanctions on Iran A Times investigation reveals how lax government oversight allowed shadowy oil tankers, covered by American insurance, to fund Iran’s regime. The American Club is one of only 12 major insurers of its kind, and the only one based in the United States. By then, the tankers had transported at least $2.8 billion in crude oil, based on the lowest reported prices of Iranian oil in 2023. The Treasury office has publicly enforced sanctions on the American Club only once in the past 20 years. Ultimately, the office said the American Club did “not appear to have been willful or reckless” and the case was settled.

Persons: Biden, ”, penna gabrielle toyomi, penna selene gabrielle, gabrielle, selene, lisa marianne selene, Samir Madani, Maggie Hassan, Daniel Tadros, “, Mr, Tadros, Shipowners, ” Mr, Madani of TankerTrackers.com, David Tannenbaum Organizations: Maxar, Maxar Technologies, Sanctions, U.S, White, New York Times, Times, Treasury Department, American Club, Treasury, cathay kirin, Copernicus, Planet Labs, Star, American, The Times, Revolutionary Guards Corps, Anadolu Agency, Getty, Club’s, Hamas, Bloomberg, United Against Nuclear, Nuclear, Glory, United, National Iranian Tanker, Labs, Copernicus Sentinel, Club, International Maritime Organization, AIS, Spire Locations: Gulf of Oman, American, U.S, Iran, New York, New Hampshire, United States, Hong Kong, Kharg, Kpler, China, Israel, Yemen, United Against Nuclear Iran, Nuclear Iran, United Arab Emirates, Asaluyeh, Dubai, of Oman, Persian, Oman, Cuba, Sudan, MarineTraffic, SynMax, TankerTrackers.com

☆ Red Sea attack-fueled ocean freight inflation is starting to ease on key global trade routes
▼ + stars: | 2024-02-15 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

Future Publishing | Future Publishing | Getty ImagesThe Red Sea crisis has fueled a sharp spike in ocean freight inflation over the past two months, but there are signs that upward pressure on shipping rates on key trade routes may have peaked. Shipping rates on ocean routes from Asia to the U.S. are beginning to decline, based on analysis of the latest cargo data from Xeneta, a leading ocean and air freight benchmarking platform. The reversal in ocean freight pricing comes despite a maritime threat to global commercial shipping companies that shows no signs of waning. The timing of the rate decreases could influence new contracts in negotiations between ocean freight carriers and shippers at the beginning of March. "Either way, the next few weeks is crunch time for both ocean freight carriers and shippers and could define their fortunes for the rest of 2024."

Persons: Emily Stausbøll, Stausbøll Organizations: Future Publishing, Shipping, United Kingdom Maritime Trade, CNBC, FEU, U.S ., U.S Locations: Qingdao, Shandong province, Asia, Xeneta, Europe, U.S, East Coast, West Coast, Aden, Yemen, West, East, U.S . West Coast, Covid, Africa, Suez

☆ The dollar is back. It’s not all good news
▼ + stars: | 2024-02-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The greenback is strengthening again after a bumpy 2023, as Wall Street accepts that interest rate cuts are coming later than previously expected. The US Dollar Index, which tracks the dollar against the British pound, euro, Swiss franc, Japanese yen, Canadian dollar and Swedish krona, is up 2.8% for the year as of Friday morning. “All of a sudden the interest rate differential kicks in — if that is slower than the Fed or faster,” said Krosby. Higher interest rates tend to garner more international capital to flow into a country, raising demand for the currency and thus its value. Still, Todd Jones, chief investment officer at Gratus Capital, says he expects the dollar to trend lower eventually as the Fed gets closer to cutting rates.

Persons: Jerome Powell, Christine Lagarde, Quincy Krosby, ”, Neel Kashkari, Todd Jones, Jones, Anna Cooban, Richard Meade, Janet Yellen, Alicia Wallace, Yellen, ” Yellen Organizations: CNN Business, Bell, New York CNN, Swiss, Canadian, Federal Reserve, European Central Bank, LPL, Treasury, Minneapolis, Gratus, Fed, Hamas, Lloyds, CNN, Banking Committee Locations: New York, Swedish, Iran, Suez, Asia, Europe

☆ Red Sea crisis: How global trade is being upended by attacks on container ships
▼ + stars: | 2024-02-08 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

That’s added as much as two weeks to a typical East-to-West journey for container ships, and 18 days for slower bulk carriers and tankers. Global container shipping costs are less than half their level during the coronavirus pandemic, which peaked at $10,380 in September 2021. Even so, he said, container shipping is “very cost-effective” as many goods can be packed into a single shipping container. The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea on November 20, 2023. Fewer oil tankers have avoided the Red Sea than container ships, which the Houthi militants more closely identify with Western countries allied with Israel.

Persons: Richard Meade, Tesla, Peter Sand, Good Hope, That’s, ”, Lloyd —, “, ” Simon MacAdam, ” Maersk, Meade Organizations: London CNN —, Hamas, Lloyds, CNN, Maersk, Hapag, Carriers, Global, Container, Capital Economics, Organisation for Economic Co, Development, Galaxy Leader, Houthi Military Media, Reuters Locations: Iran, Suez, Asia, Europe, Germany, Swedish, Africa, South Africa’s, Good, Sand, Vietnam, Drewry, Shanghai, China, Rotterdam, Netherlands, Xeneta, Israel, United States, Canada

☆ Trade leaders urge governments around the world to join Red Sea military effort
▼ + stars: | 2024-02-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

Trade associations representing sectors across the global economy have joined an open letter urging more governments around the world to join Red Sea maritime security efforts. Currently, U.S.-led Operation Prosperity Guardian is the primary military defense effort protecting merchant vessels that have come under attack from Houthi rebels in the Red Sea. The trade groups' letter comes at a time when the scrutiny of military efforts in the Red Sea is rising within countries that have taken a lead role, including the U.S. Senators on the Foreign Relations Committee, as well as House representatives, have recently questioned the Biden administration's unilateral authorization of Navy action in the Red Sea that can be on behalf of foreign-flagged vessels. Despite political pressure, the flow of global trade remains heavily reliant on the use of foreign vessels.

Organizations: CNBC, American Apparel and Footwear Association, National Retail Federation, Prosperity Guardian, U.S, Senators, Foreign Relations, Biden, MDS Transmodal Locations: Red, U.S, France

WASHINGTON (AP) — For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported to the United States. At the same time, the value of Chinese imports imports tumbled 20% to $427 billion. The last time that Mexican goods imported to the United States exceeded the value of China's imports was in 2002. The Trump administration began imposing tariffs on Chinese imports in 2018, arguing that Beijing's trade practices violated global trade rules. Supply-chain disruptions related to the COVID-19 pandemic also led U.S. companies to seek supplies closer to the United States ("near-shoring'').

Persons: Trump, Joe Biden, Biden, — Organizations: WASHINGTON, U.S . Commerce Department, Democrats, Canada Trade, United States Locations: Mexico, China, United States, Washington, Beijing, U.S, Canada, North America, United

☆ Mideast Crisis Blinken Takes Bid to Avoid Wider War to Qatar and Egypt
▼ + stars: | 2024-02-06 | by ( Zolan Kanno-Youngs | Erin Mendell | ) www.nytimes.com time to read: +5 min

At the U.N. Security Council on Monday, China’s ambassador, Zhang Jun, broadly accused the United States of using excessive force around the world and manipulating public opinion about its intentions. The Security Council has frequently been a platform for U.S. and Russia’s spats over Ukraine, Syria and, most recently, the war in Gaza. “Iran has never sought to bring its dispute with the United States into Iraq’s territory,” Mr. Iravani told the Council, reiterating Iran’s stance that it does not seek a war with the United States. Algeria, the only Arab member of the Council, has drafted a new resolution calling for a permanent cease-fire in Gaza. The attacks killed 1,200 people and led to the abduction to Gaza of 240 others, Israeli officials said.

Persons: Zhang Jun, Vladimir V, Putin, Russia’s, Vasily Nebenzya, Biden, Nebenzya, “, ” Robert Wood, Mr . Wood, ”, Saeid Iravani, Mr, Iravani, Rosemary DiCarlo Organizations: . Security, United Nations Security, Security, Pentagon, Israel Locations: United States, Russia, China, Iraq, Syria, East, U.S, Ukraine, Gaza . China, Iran, The U.S, Israel, Gaza, Jordan, Middle East, America, Red, Tehran, Algeria

☆ What Business Leaders Are Saying About the Red Sea Attacks
▼ + stars: | 2024-02-05 | by ( J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Recent attacks on commercial ships in the Red Sea by the Iranian-backed Houthi militia have forced companies to pay higher insurance rates or reroute goods around Africa, adding costs and delays that could put a dent in companies’ profit margins and, ultimately, push up prices for consumers. Many executives whose companies ship goods through the Red Sea and Suez Canal have said the impact so far has been limited, in part because of lessons they learned from the more severe, worldwide supply chain disruptions during the worst of the Covid pandemic. “Moving forward, disruption will hit companies,” said David Simchi-Levi, a professor at the Massachusetts Institute of Technology. “Today it is the Red Sea, tomorrow it will be something else.”The attacks in the Red Sea, which handles about 12 percent of global trade, have forced companies to make tough decisions. Going through the Red Sea would mean risking an airborne strike, and paying more for insurance.

Persons: ”, David Simchi, Levi Organizations: Massachusetts Institute of Technology, “ Locations: Red, Iranian, Africa, Suez

☆ Trump floats ‘more than’ 60% tariffs on Chinese imports
▼ + stars: | 2024-02-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

US President Donald Trump and China's President Xi Jinping attend a business leaders event inside the Great Hall of the People in Beijing on November 9, 2017. The Washington Post first reported the Trump campaign was weighing a theoretical 60% Chinese tariff plan. Her disapproval echoes the concerns of Wall Street investors who worry that another China trade war would disrupt markets again. At the time, Deutsche Bank estimated that the trade war was causing the stock market to hemorrhage trillions. Trump has attacked Biden for appeasing China while simultaneously expressing cozy sentiments toward China's authoritarian president, Xi Jinping.

Persons: Donald Trump, Xi Jinping, Trump, Nikki Haley, Trump's, Donald Trump's, Haley, Joe Biden, Biden, Xi, Fox News's Sean Hannity Organizations: China's, of, People, GOP, Washington Post, UN, National Taxpayers Union, Wall Street, China, U.S, American Action, U.S ., China Business Council, Deutsche Bank, appeasing Locations: Beijing, U.S, China, appeasing China

☆ 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 U.K. Launch Heavy Strikes on Houthi Sites in Yemen
▼ + stars: | 2024-02-03 | by ( Eric Schmitt | Helene Cooper | ) www.nytimes.com time to read: +1 min

The United States and Britain carried out large-scale military strikes on Saturday against multiple sites in Yemen controlled by Houthi militants, according to a statement from the two countries and six allies, as the Biden administration continued its reprisal campaign in the Middle East targeting Iran-backed militias. The attacks against 36 Houthi targets at 13 sites in northern Yemen came barely 24 hours after the United States carried out a series of military strikes against Iranian forces and the militias they support at seven sites in Syria and Iraq. American and British warplanes, as well as Navy Tomahawk cruise missiles, hit deeply buried weapons storage facilities; missile systems and launchers; air defense systems; and radars in Yemen, the statement said. Australia, Bahrain, Denmark, Canada, the Netherlands and New Zealand provided support, which officials said included intelligence and logistics assistance. “These precision strikes are intended to disrupt and degrade the capabilities that the Houthis use to threaten global trade and the lives of innocent mariners, and are in response to a series of illegal, dangerous and destabilizing Houthi actions since previous coalition strikes,” the statement said, referring to major attacks by the United States and Britain last month.

Persons: Biden Organizations: Houthi, Iranian, British, Navy Locations: States, Britain, Yemen, Iran, United States, Syria, Iraq, Australia, Bahrain, Denmark, Canada, Netherlands, New Zealand

☆ 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 .

SRINAGAR, India (AP) — For decades, India has focused its defense policy on its land borders with rivals Pakistan and China. Unless you are a maritime power you can never aspire to be a global power,” Chawla said. India, already a regional power, is positioning itself “as a global player today, an upcoming global power,” he said. Though we don’t own it, but we are probably the most capable and responsible resident naval power,” Chawla said. Chawla said India doesn't have “strength to project power into the South China Sea right now” because of the vast Chinese maritime assets there.

Persons: Adm, Anil Kumar Chawla, “, ” Chawla, ”, Darshana, Chawla, it’s Organizations: Pakistan, Hamas, U.S, Carnegie Endowment, International, Ocean Initiative, NATO Locations: SRINAGAR, India, China, Yemen, Iran, Tehran, Red, Gaza, U.S, Visakhapatnam, Marshall, Gulf, Aden, Picardy, “ China, South China, Beijing, Bangladesh, Sri Lanka, Maldives, Australia, Japan, Pacific, South, Asia, asia

LONDON (AP) — Oil giant Shell saw profits tumble by nearly a third in 2023 as a result of lower oil and natural gas prices, which had surged the year before in the wake of Russia's invasion of Ukraine. In a statement Thursday, London-based Shell said its post-tax earnings fell 29%, to $28.3 billion from the previous year's all-time high of $40 billion. The main reason behind the decline was the fall in energy prices, with oil trading at an average of $82 a barrel against $100 the year before. Last year, Shell effectively abandoned one of its green pledges, which was to cut oil production by 1% to 2% each year until the end of the decade, saying it had already met the goal. Shell and the wider oil and gas sector also are under pressure to pay more in taxes on windfall profits as households have struggled during a cost-of-living crisis driven by higher energy costs.

Persons: Shell, Wael Sawan, “, ”, Yemen’s Houthi, Sinead Gorman Organizations: —, Shell, Greenpeace, BP Locations: Ukraine, London, U.N, Red

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

☆ A Houthi missile got so close to a US destroyer the warship had to turn to a last resort gun system to shoot it down: report
▼ + stars: | 2024-01-31 | by ( Ella Sherman | Jake Epstein | ) www.businessinsider.com time to read: +4 min

A Houthi missile put a US destroyer's Close-In Weapon System to the test in a recent engagement. The Tuesday incident marks the latest Houthi missile attack, though not the latest exchange of fire. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementA Houthi anti-ship cruise missile fired into the Red Sea came within a mile of a US Navy destroyer on Tuesday, close enough that the American warship had to turn to its Close-In Weapon System — a last line of defense. Advertisement"We're certainly taking aggressive action against the Houthis to try to defend shipping in the Red Sea," White House National Security Council spokesperson John Kirby said this week.

Persons: —, CENTCOM, US Navy Arleigh Burke, Jessica Dowell, Andrew Albin The, Aden —, John Kirby Organizations: Service, US Navy, CNN, US Central Command, Raytheon, System, US, National Security Locations: American, Yemen, Iran, Greenland, Gulf, Aden, Red

☆ Hunger is India’s ‘biggest problem’ — one of the world's largest food producers leaves millions hungry
▼ + stars: | 2024-01-31 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

A labourer works inside a mill of refined wheat flour at Khanna in India's Punjab state on May 18, 2022. "Hunger is the biggest problem in India," a representative of global agribusiness Bunge told CNBC on the sidelines of the Commodity Trading Week held in Singapore. If they are getting the food, it's not nutritious," said Amit Sharma, Bunge's global trade execution team leader. India's Department of Food and Public Distribution did not immediately respond to CNBC's request for comment. Vipin Kumar | Hindustan Times | Getty ImagesIndia's food problem is also compounded by the fact that the rising middle class is on course to demand for more food — and better quality food as well.

Persons: Sajjad Hussain, Bunge, There's, Amit Sharma, Sharma, India's, Garima, Louis Dreyfus, Vipin Kumar, Jain, It's Organizations: AFP, Getty, CNBC, Logistics, International Trade Administration, U.S . Commerce Department, India's Department of Food, ITA, Hindustan Times Locations: Khanna, India's Punjab, India, Singapore

☆ 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

☆ A Houthi missile got so close to a US destroyer the warship turned to a last-resort gun system to shoot it down: report
▼ + stars: | 2024-01-31 | by ( Ella Sherman | Jake Epstein | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA Houthi anti-ship cruise missile fired into the Red Sea came within a mile of a US Navy destroyer on Tuesday, a report said, close enough that the American warship turned to its close-in weapons system — a last line of defense. AdvertisementFor several months, the Iran-backed rebels have relentlessly fired one-way attack drones and missiles into key waterways off the coast of Yemen. The USS Gravely, an Arleigh Burke-class guided-missile destroyer in the US Navy, transits during a passing exercise off the coast of Greenland. Advertisement"We're certainly taking aggressive action against the Houthis to try to defend shipping in the Red Sea," John Kirby, the White House National Security Council spokesperson, said this week.

Persons: —, Centcom, Arleigh Burke, Jessica Dowell, Andrew Albin The, Aden —, John Kirby Organizations: Service, US Navy, CNN, Business, US Central Command, Raytheon, System, US, White House National Security Council Locations: American, Yemen, Iran, Greenland, Gulf, Aden, Red

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