South Korea-Middle East Shipping Up 14.5%
The Strait of Hormuz has experienced a slight increase in ship crossings, while Europe is affected by a widespread wave of wildfires. In the economic context, France announced a allocation of 12 million euros to support projects, and the deadline for submitting bids for "Limaad" at Abu Dhabi ports is September 15, with a total value of 10 million dollars. Additionally, Google has completed its acquisition of the bankrupt "Spirit Airlines" data to develop artificial intelligence technologies, and the cost of shipping from South Korea to the Middle East has risen by 14.5%. In the financial markets, global bond yields have reached their highest levels in decades, while outbound Bitcoin flows have decreased significantly, the largest since June.
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