INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

US military says struck 3 Houthi underground storage sites in Yemen

A plume of smoke rises after a reported airstrike in the Yemeni capital Sanaa on March 22, 2024. (AFP)
  • US forces "conducted self-defense strikes against three Houthi underground storage facilities in Iranian-backed Houthi controlled areas of Yemen," CENTCOM said
  • US forces had also "successfully engaged and destroyed four unmanned aerial vehicles" in Houthi-controlled areas of Yemen throughout Friday

Washington, United States– The US military said Friday it had struck three underground storage facilities used by Yemen’s Houthis, as the Iran-backed rebels continue to launch attacks on shipping in the Red Sea.

US forces “conducted self-defense strikes against three Houthi underground storage facilities in Iranian-backed Houthi controlled areas of Yemen,” Central Command (CENTCOM) said in a statement.

It said US forces had also “successfully engaged and destroyed four unmanned aerial vehicles” in Houthi-controlled areas of Yemen throughout Friday, while also registering four anti-ship ballistic missiles fired by the Houthis toward the Red Sea.

“There were no injuries or damage reported by U.S., coalition, or commercial ships,” CENTCOM said.

The Houthis began attacking ships in the Gulf of Aden and the Red Sea in November, a campaign they say is intended to signal solidarity with Palestinians in Gaza.

They have vowed to target Israeli, British and American ships, as well as vessels heading to Israeli ports, disrupting traffic through the vital trade route off Yemen’s coasts.

The attacks have sent insurance costs spiraling for vessels transiting the Red Sea and prompted many shipping firms to take the far longer passage around the southern tip of Africa instead.