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Petrol pumps are running dry in Russian-occupied Crimea.
It's well business expressed from the BBC World Service.
I am Bissi Adebayo.
A decade after Brexit, how have businesses felt the impact?
And Europe's airport bosses fear a new border system could mean long queues ahead.
Ukraine has stepped up its attacks on economic targets inside Russia in recent weeks, disrupting fuel supplies and transport links in some parts of the country.
While reports suggest the shortages are particularly severe in occupied Crimea, where restrictions on civilian traffic are affecting the movement of people and goods.
I spoke to Igor Bolov, who's founder of the Russian logistics company Arneis Transport Group, based in Moscow.
Recently, a lot of Russian trucks were attacked by Ukrainian forces.
Unfortunately, even trucks with military cargoes like e-commerce were attacked.
And that pushed the rates up.
So it became more difficult to find people to go there.
But still, cargo goes to Crimea.
But we need some efforts to protect the trucks from air attacks.
For now it's more like a kind of inconvenience that we have to deal with because the rates increased for about 50.
But of course, the flow itself came a little bit less.
What about the drivers themselves now?
Are they asking for more money to be able to go to Crimea with these difficulties they're facing there?
It's not like Mad Max movie, but of course, they asked for more money.
And a lot of people actually agreed to work for bigger money.
And the cost of transportation in the price of goods probably increased from 5% to 7%, 10%.
Looking ahead, if these attacks continue, what's your biggest concern for Russia's logistics sector?
Well, I think if that spread remains, we will use smaller trucks.
That is not so distinguishable for markets. like airborne intelligence.
But anyway, we will find something.
But for now, we are looking for a solution.
Igor Bolov there.
Well, my colleague Victoria Holland told me how people living in Crimea are dealing with the situation.
In Crimea itself, all petrol stations are closed down and we're servicing only special transport, like emergency services or public transport or children's buses, for example.
Currently, there is no shortages of food or water in Crimea, because the local government predicts this situation.
So they were saving some amount of products and food and medicine.
Private car owners are not allowed to fill up their cars.
And moreover, I heard that most of them have been recommended to lock their cars and put the special locks on their tongues, because right now it's a common crime when people are stealing petrol from each other's cars.
How bad is that affecting movement?
Do we have a lot of people who drive cars more than those who use public transports?
In this region there are people who are using only public transport and people who are always using their own private cars.
However, right now I heard that a lot of car owners are just keeping their cars in garages and they're trying to use more public transport just to save some fuel.
And they all started to use public transport or working from home.
Everyone wants to go back to normal, where everyone can operate and live their lives, especially in a high peak touristic season in Crimea, where they're looking for tourists.
That was Victoria Holland.
Well, time to bring in Fiona Sincota, who's Senior Market Analyst at StoneX.
Fiona.
Well, let's start with this sell-off.
We've seen, with sharp falls in tech stocks from Seoul to New York.
What's driving this sudden change?
Yeah, basically the sell-off in global tech stocks has been driven by worries over the AI trade, which is looking a little bit overdone recently.
We've seen very impressive gains so far this year, but concerns over costs involved in the AI build-out, monetization and when we might see a return on these investments have prompted heavy profit-taking.
And SpaceX has lost more than 16% of its value in just two weeks after its market debut.
Yes, we've seen a strong reversal in SpaceX.
I mean, still very volatile following the IPO.
But basically, yesterday we heard it revealed plans for a bond offering, as it looks to raise 20 billion to fund AI ambitions.
And this comes just after it raised $75 billion in its IPO.
So really there are worries over SpaceX, the ability for the company to fund its huge spending commitments required for AI.
Fiona Sinkholder, thank you.
A top Indian maker of iPhone parts, Tata Electronics, has confirmed that it was hit by a cybersecurity attack.
Reports say, the data allegedly stolen includes Apple supplier information and Tesla manufacturing documents.
Ten years ago today, British voters backed the UK leaving the European Union.
Long negotiations followed with Northern Ireland, often at the centre of discussions due to its land border with Ireland and therefore the EU.
A decade later, how have businesses adapted?
Stephen Kelly is the Chief Executive of Manufacturing Northern Ireland.
Well, back in 2016, the manufacturing community in North Ireland said that Brexit was a really bad idea.
And 10 years later, they've been proved to be true.
The reality of Brexit is it's just brought significant cost and complexity and a lot of confusion for businesses at a time where they're trying to deal with a multitude of other issues.
Yes, Northern Ireland still has a privileged access to the EU's markets, but it does come at a significant cost and that cost is in a border that's in the Irish Sea that we were promised would be invisible.
And after a decade of this debate, negotiations and new trading agreements, when you speak to businesses on the ground, is it stability you want above all of these things?
When I talk to manufacturers, every one of them says the same thing, which is we've had so much politics over the last 10 years.
They just want a boring year.
We have a scenario since 2016 where we've changed governments multiple times.
We've had uncertainty.
We've had conflict.
We've had confusion.
And we just want a period in time where we do have stability, but a boring government.
And some opinion polls suggest support for rejoining the European Union has increased.
From a business perspective, will that make a meaningful difference for you?
On one hand it would lose the advantage that we do have, which is Northern Ireland can continue to send its goods and freely circulate those goods in the eu's market.
We can continue to have unfettered access into the uk's market and we've seen the benefit of that.
We've got record sales to the to ireland and the eu record sales to the rest of the uk.
But it does come with very significant problems and those problems can be overcome, particularly in and around the issue of customs.
If the UK and the EU could come to an arrangement around customs, that would benefit not just businesses but consumers as well.
Stephen Kelly there.
Now the head of Europe's airport lobby says concerns over the new EU entry and exit system are keeping him and other industry leaders awake at night.
And that's over the fears of a chaos it could cause.
Here's our business correspondent, Theo Liggett.
Europe's new digital entry-exit system now requires most passengers from outside the EU to register facial scans and fingerprints when they first cross into the Schengen free travel area.
Further biometric checks take place each time they cross the border after that.
In some areas it has been working well, but in others it's been blamed for queues and long delays, which in some cases, have led to planes departing half empty because passengers have been unable to get through border control.
Mr Schulter told an industry gathering that he didn't know how airports would be able to cope in the coming weeks with the expected increase in summer traffic.
Theo Leggett reporting there.
Well, that's it from World Business Express.
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I am Bissi Adebayo.
Thanks for listening.
Bye for now.
Hi, this is Nick Mars from the Global News Podcast.
We're bringing you the latest on a record-breaking heatwave in Western Europe, as the head of the United Nations warns that fossil fuels are driving a climate crisis.
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