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DHAKA -- Bangladesh's garment industry faces surging freight rates, longer lead times and container shortages as spillover effects from fighting in the Red Sea, just months after the sector was roiled by protests over wages and subsequent factory closures.
ISLAMABAD -- Pakistan and Iran have signaled that they would prefer to de-escalate tensions after trading strikes on purported militant camps in each other's territory, though experts warn the stage is set for a proxy conflict that could haunt residents in border regions.
The Iran-backed Houthi militia launched two anti-ship ballistic missiles at a U.S.-owned tanker ship late on Thursday that hit the water near the vessel but caused no injuries or damage, the U.S. military said.
Iran has launched strikes against targets in three allied countries - Syria, Iraq and Pakistan - in two days. Pakistan responded with a missile attack on Iranian territory. So why did Iran do it, and why did it happen now?
DAVOS, Switzerland — Top CEOs are closely following tensions in the Red Sea, warning that this kind of volatility for supply chains is likely here to stay.
Israel and Gaza. Yemen and the Red Sea. Lebanon, Syria, Iraq — and now Pakistan, too.
Pakistan announced yesterday that it had carried out strikes against what it said were terrorist hide-outs in Iran. A day earlier, Iran hit what it called militant camps in Pakistan. The military exchange is the latest example of an expanding set of hostilities connected to the Israel-Hamas war.