to be the new Middle East: a quieter, neutral entrepot where Arabs and Jews, Shia Iranians and Sunni Arabs, Americans, Chinese and even Russians could all rub along in the common pursuit of profit.
A.P. Moller-Maersk, the world’s second-biggest container-shipping company, has suspended port calls in Saudi Arabia and Oman, and rerouted ships around Africa, adding two or three weeks to transit times between Asia and Europe. Overall, ships are making 65% fewer stops in Jordan and 40% fewer in Saudi Arabia than they were last October.
Multinational businesses are feeling indirect effects of the fighting, too. In Israel, where more than 400 multinational firms have offices, executives worry about employees being called up for reserve duty. Progressive pro-Palestinian tech workers in America are pushing Google to drop a $1.2bn cloud-computing project in Israel. The conflict has contributed to slowing revenue growth at Snap.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese Solar Companies Skimp on Quality As Price War EscalatesChinese solar manufacturers are cutting costs and sacrificing quality in a bid to survive intense domestic competition.
Source: OilandEnergy - 🏆 34. / 68 Read more »
This Morning star hits back after she’s slammed for ‘criticising’ companiesThis Morning star Kate Lawler has taken to social media to tell her side of the story after being trolled for 'dissing' small businesses as she shared details of a recent DIY project she did
Source: OK_Magazine - 🏆 12. / 84 Read more »
For-profit companies open psychiatric hospitals in areas clamoring for careA for-profit company has proposed turning a boarded-up former nursing home here into a psychiatric hospital, joining a national trend toward having such hospitals owned by investors instead of by state governments or nonprofit health systems.
Source: NewsMedical - 🏆 19. / 71 Read more »
Several holiday companies release extra free child places for family breaks this summer...H343FD Timber Groynes on the Golden sandy beach at Camber Sands East Sussex England UK Europe
Source: TheSun - 🏆 64. / 61 Read more »
Companies rush to issue bonds to forestall market volatility ahead of US electionCorporate borrowers bring forward financing plans to avoid uncertainty of Biden-Trump rematch in November
Source: FT - 🏆 113. / 51 Read more »
Scotland could be first in UK to ban egg companies from keeping chickens in cagesThe Scottish government launches a consultation with views being sought on the phasing out of 'enriched cages'.
Source: SkyNews - 🏆 35. / 67 Read more »