Global trade ‘drops 1.3%’ as Red Sea attacks disrupt shipping – business live

Rolling coverage of the latest economic and financial news, as Kiel Trade Indicator shows collapse in cargo volumes in the Red Sea in DecemberBank of England may cut interest rate sooner after surprise inflation forecastMore than 9,200 M&S shop workers are set to get bumper payouts under a share scheme.The high street chain says it expects that employees – mostly customer service assistants – who put a typical £150 a month into its 2020 share save scheme will gain more than