Verity Ratcliffe

🚨This is the story of how UK & EU goods are STILL going into Russia in vast quantities, despite sanctions. Of how the economic war waged by the G7 is failing. Of how I witnessed sanctions rules broken in plain sight. But above all else it’s the story of a chart... 🧵

Yes, Dubai *has* felt particularly hot this summer bloomberg.com/news/articles/…

As Houthi attacks on vessels in the Red Sea get more intense, shipping rates are surging, write @V_Ratcliffe and @alexlongley1 trib.al/CrRx1iH

The Houthis' intensifying campaign of destruction in the Red Sea suggests higher shipping costs are here to stay, write @V_Ratcliffe and @alexlongley1 trib.al/d9H1mXg

@TomTheProducer1 For Eid, yes

@V_Ratcliffe Is this due to Eid holidays?

Dubai Mall limiting entry to ‘just families’ today (Emaar policy)

Salvage crew climbing up a fire-ravaged ship lined with barbed wire. A French naval vessel fighting off drones. This is what it takes to rescue a Houthi-hit ship bloomberg.com/news/articles/… | By @V_Ratcliffe

The ‘No-Fail’ Mission to Protect the Red Sea Isn’t Working 🚢bloomberg.com/news/features/…

WATCH: Bloomberg Originals documentary on the incredible story of SBF and the collapse of crypto platform FTX youtube.com/watch?v=3QpdU9…

BILLIONS AND BILLIONS: QatarEnergy had quite a year for earnings while the world scrambled for gas supplies bloomberg.com/news/articles/…

Qatar’s wealth fund to buy a stake in NBA’s Washington Wizards trib.al/O0LgASM

China will sign a 2nd big LNG deal today. As with the Sinopec deal in Nov, CNPC will buy a 5% stake in a train and get shipments over 27 years 🇶🇦🇨🇳🔥bloom.bg/3CErjbQ

The largest oil producer in the United Arab Emirates is setting up a desk to trade carbon credits 🇦🇪 bloomberg.com/news/articles/…

@LaCourelle @markets Sounds like "saffer"

@LaCourelle @markets After an oil production area in Yemen

There are around 17 decaying and potentially dangerous ships along Yemen’s coast but none with greater potential for harm than the FSO Safer, according to the UN 🇾🇪🇺🇳⚓️bit.ly/43XGetj🧵

The company that’s carrying out the mission (same firm that freed the Ever Given when it got stuck in the Suez Canal) say it’s the worst operating vessel they’ve ever seen bit.ly/43XGetj

Now an operation’s underway to replace it with a more seaworthy ship – a tricky task in a warzone as all the competing factions must support the mission