Houthi militants have been targeting merchant ships in the Red Sea for months in response to Israel’s military operation in Gaza A civilian ship has come under fire off the coast of Yemen, the United Kingdom Maritime Trade Operations (UKMTO) has confirmed. No casualties or significant damage have been reported.

The number of millionaires in the bloc is expected to see a massive surge over the next decade, according to a newly released report Total investable wealth currently held by the BRICS member states amounts to $45 trillion, according to Henley & Partners’ inaugural BRICS Wealth Report.

Disruptions in the Red Sea could last for up to a year, according to Japan’s Mitsui OSK Lines The disruptions to global supply chains caused by the ongoing tensions in the Red Sea could last for a year, Japanese shipping giant Mitsui OSK Lines (MOL) has warned.