Yemen’s Houthi movement has secured control of the 12-mile-wide Bab el-Mandeb Strait following a rapid territorial advance, transforming a local highland militia into a regional force capable of disrupting international maritime trade, according to reports from Reuters. This strategic escalation follows a series of territorial gains across Yemen’s Red Sea coastline and establishes new pressure … Read more
China’s Ministry of Finance is advancing a 360 billion yuan package to bolster state-owned banks and insurers as economic growth slows, according to corporate statements and reports from state news agency Xinhua. The intervention combines a 290 billion yuan capital injection for major commercial banks with a separate 70 billion yuan rescue plan for five … Read more
The U.S. Department of Homeland Security proposed raising the H-1B visa application fee to a permanent $103,265, following a legal battle over President Donald Trump’s initial efforts to overhaul the skilled foreign worker program. According to Reuters reporting, the visa program allows technology companies and other industries to employ foreign professionals for a few years, … Read more