Morning Minute | July 7, 2025
We begin with news of a Houthi attack on the Liberian-flagged bulk tanker, Magic Seas, in the Red Sea, marking the first such incident on commercial shipping since December of last year. This attack, which occurred 51 nautical miles southwest of Hudaydah, Yemen, led to the vessel being set on fire and sinking, with its 23-person crew abandoning ship. UPS plans to offer voluntary buyouts to unionized drivers for the first time in their history, as part of an effort to eliminate approximately 20,000 frontline positions and increase profits. While drivers taking the buyout would receive a…
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