Red Sea

U.S. parcel delivery giant FedEx Corp (FDX.N) has said that it hasn't seen much of a shift to air freight due to disruptions in the Red Sea that have tacked on nearly two weeks to shipping transit times. "Shipping over the ocean makes up…

Global shares edged up on Friday while oil surged as the conflict in the Red Sea region appeared to escalate, while slightly hotter U.S. inflation data did not shift investors' view that interest rates could soon start to fall. The MSCI…

Retailers worldwide are stocking up on goods before China's Lunar New Year holiday and seeking air or rail alternatives to transportation via the Red Sea in a scramble to avoid empty shelves this spring, according to executives and experts…

Shippers across the world are switching away from the Red Sea after Iranian-backed Houthi militants in Yemen stepped up attacks on vessels in the Gulf region to show their support for Palestinian Islamist group Hamas fighting Israel in…

The United Nations has commenced the removal of more than 1 million barrels of oil from a decaying supertanker off Yemen's Red Sea coast in a complex operation it hopes will ward off a regional disaster. The U.N., which has never before…

Three British tourists are missing after a motor boat caught fire on Sunday off the Egyptian Red Sea coast. Authorities said twenty-six other people, including 12 Britons, were rescued from the boat, called Hurricane, which was off the…