The Intelligence from The Economist

A tax or attacks: how the Houthis fund themselves

30 snips
Jan 22, 2025
Join Corbyn Duncan, Global correspondent at The Economist, as he delves into how Houthi rebels are exploiting shipping routes in Yemen, highlighting the implications for world trade. Ore Ogunbiyi, an Africa correspondent, shares insights from a Ghanaian rum distillery, revealing its role in revitalizing the local economy. Meanwhile, Alex Hearn discusses the escalating AI race between the U.S. and China, showcasing China's cost-effective innovations that are narrowing the technological gap. Tune in for a fascinating exploration of these global dynamics!
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ANECDOTE

Houthi 'Toll Road'

  • The Bab al-Mandab Strait, vital for global trade, faces attacks from Houthi rebels.
  • Contacting the Houthis via email might secure safe passage for a price, offering a peculiar user-friendly experience.
INSIGHT

Houthi Targeting

  • The Houthis, equipped with Iranian weapons and Russian intelligence, target Western ships.
  • This poses a significant threat to maritime security and disrupts trade routes.
INSIGHT

Economic Impact

  • Houthi attacks increase shipping insurance costs, divert traffic, and create unofficial 'taxes'.
  • While consumers absorb some cost increases, Egypt loses billions in Suez Canal revenue.
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