• Reuters

    Maersk says Red Sea disruption could cut Asia-Europe capacity by a fifth

    The disruption to container shipping traffic in the Red Sea is increasing and is expected to reduce the industry's capacity between the Far East and Europe by up to 20% in the second quarter, shipping group Maersk said on Monday. Maersk and other shipping companies have diverted vessels around Africa's Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times pushing freight rates higher. "The risk zone has expanded, and attacks are reaching further offshore," Maersk said in an updated advisory to customers on Monday.

  • PA Media: Sport

    Lando Norris: Donald Trump told me he was my ‘lucky charm’ after first F1 win

    The Englishman won the Miami Grand Prix.

  • Reuters

    UPDATE 1-Euro zone bond yields drop, Italian-German spread tightens after Fitch

    Euro zone government bond yields dropped on Monday in thin trade due to a Bank Holiday in London after Friday's U.S. economic data moved the needle of market bets towards a higher chance of two Federal Reserve rate cuts in 2024. Germany's 10-year bond yield, the benchmark for the euro zone, fell 6 basis points (bps) to 2.45%. U.S. Treasury yields were down 2.5 bps in London trade after tumbling to multi-week lows on Friday on news that the world's largest economy created fewer jobs than expected in April.