FT News Briefing China-Europe shipping costs, Navalny jailed, Brookfield chief says real estate is undervalued
Jan 19, 2021
Shipping costs from China to Europe have surged over 300%, disrupting global trade as demand hikes post-pandemic. In Russia, opposition leader Alexei Navalny faces imprisonment, raising concerns over political repression. Meanwhile, the real estate market is being viewed as undervalued, according to a prominent CEO, hinting at hidden investment opportunities as companies navigate through pandemic challenges.
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Shipping Container Crisis
- Shipping container costs from Asia to Europe have tripled since November, impacting global trade.
- This surge is due to increased demand and limited supply, causing potential product delays and price hikes for consumers.
Navalny's Arrest
- Alexei Navalny, a critic of Vladimir Putin, was arrested upon returning to Russia from Germany.
- He was sentenced to 30 days in jail for allegedly violating parole, facing a potential three-and-a-half-year sentence.
Italian Political Instability
- Italy's Prime Minister, Giuseppe Conte, faces a confidence vote after a coalition partner resigned.
- The resignation stems from disagreements over how to use EU coronavirus recovery funds.