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Attacks on shipping in the Red Sea by Yemen’s Iranian-backed Houthi rebels are disrupting a key trade route for energy supplies to Europe

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. Attacks by Yemen’s Houthi rebels over Israel’s war with Hamas are posing a new threat to the future of energy supplies to the 27-country European Union, which relies […]

FEB. 7, 2024

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What to know about the US strikes in Iraq and Syria and its attacks with the UK in Yemen

BEIRUT (AP) — British forces on Saturday joined their American allies in new attacks against militia in Yemen. The U.S. military earlier launched strikes on dozens of sites manned by Iran-backed fighters in western Iraq and eastern Syria in retaliation for a drone strike in Jordan in late January that killed three U.S. service members and wounded […]

FEB. 4, 2024

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China, the world’s biggest exporter, says it is deeply concerned about tensions in the Red Sea that have upended global trade by forcing many shippers to avoid the Suez Canal

BEIJING (AP) — China, the world’s biggest exporter, says it is deeply concerned about tensions in the Red Sea that have upended global trade by forcing many shippers to avoid the Suez Canal. China has been in “close communication with all parties concerned and making positive efforts to de-escalate” the situation in which Iran-backed Houthi […]

JAN. 24, 2024

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The attacks on commercial vessels in the Red Sea by Yemen’s Houthi rebels have scared off some of the world’s top shipping companies and oil giants

View News Highlights LONDON (AP) — The attacks on commercial vessels in the Red Sea by Yemen’s Houthi rebels have scared off some of the world’s top shipping companies and oil giants, effectively rerouting global trade away from a crucial artery for consumer goods and energy supplies that is expected to trigger delays and rising prices. BP […]

DEC. 18, 2023

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Wildfire-prone California to consider new rules for property insurance pricing

SACRAMENTO, Calif. (AP) — California will let insurance companies consider climate change when setting their prices, the state’s chief regulator announced Thursday, a move aimed at preventing insurers from fleeing the state over fears of massive losses from wildfires and other natural disasters. Unlike other states, California does not let insurance companies consider current or […]

SEPT. 28, 2023

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California insurance market rattled by withdrawal of major companies

LOS ANGELES (AP) — Two insurance industry giants have pulled back from California’s home insurance marketplace, saying that increasing wildfire risk and soaring construction costs have prompted them to stop writing new policies in the nation’s most populous state. State Farm announced last week it would stop accepting applications for all business and personal lines […]

JUNE 5, 2023

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