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Cameron talks to Iranian counterpart as Shapps condemns Houthi attacks

Lord Cameron has told Iran’s foreign minister that the country shares responsibility for preventing Houthi attacks in the Red Sea after the US said its navy sank three boats targeting a container ship. Four boats from Houthi-controlled areas in ...

31 Dec 2023 at 16:05

City

North Sea merger sparks regulator’s fear of price hikes

A multi-billion pound deal in the North Sea could increase costs and reduce the quality of service for oil and gas producers, the competition regulator fears. The £2.6 billion merger of Maersk Drilling and Noble could allow the firms to ...

22 Apr 2022 at 13:55

UK ‘considering air strikes’ on Houthi rebels to stop Red Sea attacks – reports

Britain is reportedly considering air strikes on Houthi rebels after the US said its navy sank three boats that had been targeting a container ship in the Red Sea. Defence Secretary Grant Shapps said the Government would not hesitate ...

31 Dec 2023 at 22:19

World

Suspected attack by Yemen’s Houthi rebels targets ship in Bab el-Mandeb Strait

A suspected attack by Yemen’s Houthi rebels targeted a ship in the narrow Bab el-Mandeb Strait on Wednesday, as authorities acknowledged that the rebels had launched their longest-range attack yet on a US-flagged vessel near the ...

10 Jul 2024 at 09:11

City

Maersk cutting at least 10,000 jobs as shipping demand falls

At least 10,000 jobs are being axed worldwide at global shipping giant AP Moller Maersk amid a slump in demand for container freight. The Danish group revealed it is slashing its workforce from 110,000 in January to below 100,...

03 Nov 2023 at 10:37

Red Sea: Why is it important to trade and could crisis increase prices?

The UK and allies have launched their latest round of air strikes against Houthi rebels in Yemen after weeks of attacks on international shipping in the Red Sea. Foreign Secretary David Cameron said the attacks are designed ...

23 Jan 2024 at 11:38

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