Global shipping prices rising as Red Sea crisis deepens

Global shipping rates are rising as Houthi forces continue to attack ships in the Red Sea. Data shows that the cost of shipping from Asia to Northern Europe has surged 460% compared to mid-October. The IMF says maritime traffic through the Suez Canal is down 37% this year. What is the impact of the Red Sea crisis on global logistics and the economy (00:40)? The World Tourism Organization says global tourism will fully recover from the pandemic in 2024. What’s the driving force behind the rebound of tourism activity (18:38)?