Philip Cross on Canada
Philip Cross on Canada's productivity crisis / MLI in Parliament
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First fatal attack on shipping by Yemen’s Houthi rebels escalates risk for reeling Mideast [Video]

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Canadian Economy and Markets

DUBAI, United Arab Emirates (AP) — The first fatal attack by Yemen’s Houthi rebels on shipping threatens to further sever a crucial maritime artery for global trade and carries with it risks beyond those just at sea.

Already, the White House is warning that there will be a response to Wednesday’s attack on the Barbados-flagged, Liberian-owned bulk carrier True Confidence in the Gulf of Aden. What that will look like remains unclear, but the U.S. has already launched round after round of airstrikes targeting the Houthis, a rebel group that has held Yemen’s capital since 2014, and more are likely on the way.

Hon Tony Abbott in conversation with Brian Lee Crowley / MLI
Hon Tony Abbott in conversation with Brian Lee Crowley / MLI
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