Prolonged Red Sea attacks can hurt global economy
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 11 January 2024
⏱️ 15 minutes
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| 0:00.0 | The views expressed on this podcast are those of the participants, not of Roiders' news. |
| 0:08.4 | The world economy, every economy, will suffer if ships keep coming under attack in this illegal |
| 0:14.7 | and unacceptable way. And these attacks need to stop or actions will be taken. |
| 0:20.0 | That was Britain's foreign minister, David Cameron, talking earlier this month about the |
| 0:25.3 | impact of attacks in the Red Sea, which are driving up freight costs and risk eating |
| 0:30.8 | into company margins. |
| 0:32.7 | But what can governments and companies do to alleviate these risks? |
| 0:36.8 | Stay tuned for this week's viewsroom. |
| 0:41.0 | Welcome back to the views, a podcast from Reuters breaking views where columnists |
| 0:45.3 | from around the world talk about the big stories of the week. I'm your host, Amy Donovan, |
| 0:49.8 | coming to you from London. The Red Sea is a source of a lot of tension far beyond the Middle East. |
| 0:57.6 | Attacks on tankers carrying goods like toys, fast fashion items and even pharmaceutical, |
| 1:02.9 | risk resurrecting supply chain issues for companies. |
| 1:05.8 | It's a complicated situation with many different players. |
| 1:08.5 | So here to talk us through it is Francesco Guerrera, Breaking |
| 1:11.8 | View's Global Economics Editor, and Yowen Chen, their columnist that has been looking closely at this |
| 1:17.3 | issue. So welcome Francesco and Yowen. Hi, Amy. Hi, thanks for having us. So, Yowen, you've written quite a bit about |
| 1:30.4 | this situation and been looking at it. I mean, it's almost daily we're getting stories about |
| 1:34.8 | what's going on in the Red Sea. Could you just, if we could just take a step back? What is what started |
| 1:41.2 | this whole situation in the Red Sea and what are what is what is what I guess |
| 1:45.4 | what is the problems with global trade that we're seeing there yes thank you um I I think it's |
| 1:52.3 | it's it's it's something that really surprised everyone because it started off as you know |
... |
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