'No Hire, No Fire' Economy Continues As Job Cuts Tumble, Claims Near Record Lows

On Monday, Yemen’s Houthis, officially known as Ansar Allah, announced a “ban” on Israeli shipping on the Red Sea, renewing a blockade that the US had previously failed to end with a bombing campaign. “We declare a complete and total ban on Israeli maritime navigation in the Red Sea, and we consider all enemy movements […]

China Dismisses Report Of Top Chipmaker Aiding Iranian Forces As "Fake News" Beijing moved into damage-control mode on Friday, with its foreign ministry dismissing a Reuters report that cited two senior Trump administration officials alleging that SMIC, China's largest chipmaker, had sent chipmaking tools to Iran, as "false information." Asked about the report at a regular news conference in Beijing, foreign ministry spokesman Lin Jian said he was "not familiar with the situation" and added, "What I can tell you is that recently, some media have been keen on releasing...