Merce says Red Sea disruptions are getting worse.

I'm Novasafo with the Marketplace Minute.

The container ship operator is forecasting industry-wide capacity between Asia and Europe

will decline by up to 20%.

That's because Yemen's Huti rebels are attacking vessels further offshore in the

Red Sea region and more ships are diverting to a longer route around Africa.

Global growth in gasoline consumption is likely to slow this year.

The consulting company Wood Mackenzie says that's largely due to more electric vehicles hitting the roads in China and the US.

The European Union has cleared Nippon Steel's bid to purchase US Steel citing no competition

concerns that buyout faces political opposition in the US.

In its latest quarterly earnings report, Warren Buffett's Berkshire Hathaway says it's reduced

its stock investments by $17 billion. It sold 13% of its Apple shares,

although the tech firm remains Berkshire's largest investment. I'm Novisafo with

the Marketplace Minute. marketplace minute.