Analysts are cautioning that the recent attacks on commercial ships in the Red Sea, orchestrated by Houthi rebels in Yemen, have the potential to drive up the prices of oil and other goods. In response to the attacks, several companies have temporarily halted shipments through the affected route. Maersk, the world's second-largest shipping line, announced its decision to reroute some vessels around Africa's Cape of Good Hope. The severity of the situation has prompted the United States to initiate an international naval operation aimed at safeguarding ships navigating the Red Sea route. Participating countries in this security effort include the UK, Canada, France, Bahrain, Norway, and Spain.
Netflix is raising the prices of certain subscription plans, despite its successful crackdown on password sharing. The UK basic service's monthly fee is increasing by £1 to £7.99, and the premium option is going up by £2 to £17.99. In the US, the premium plan will cost $3 more per month at $22.99 (£19.00), and in France, premium subscribers will pay an extra €2 at €19.99 (£17.40).
Apple raised prices for its music and video streaming services on Monday. This is the latest example of streaming products...