In a dramatic turn of events, Operation Prosperity Guardian, the pivotal US-led mission to secure vital merchant shipping lanes through the Red Sea, is facing another critical setback. gCaptain’s recent reports highlight a troubling trend: a glaring absence of key allies, notably including AUKUS member Australia, in this international initiative. Compounding the situation, the French Navy, a cornerstone of the coalition, has withdrawn support. This decisive move comes as US leadership faces mounting criticism among US shipowners for leaving American sailors dangerously exposed within range of Houthi forces, without adequate protection.
Economics
Bill Mitchell – It is time we all moved on from the debt and deficit hysteria
The hypocrisy is ineffable. Those same journalists and politicians who care nothing about the destroyed planet our children will inherit cannot write and say enough about the debt – which need not even be debt […]
Economics
Türkiye Today: Profits of German automakers Mercedes, Volkswagen slump amid weakening Chinese market
German automakers Volkswagen and Mercedes-Benz reported steep declines in first-quarter profits for 2025, citing weakening demand in China, rising production costs, and overcapacity at European plants. Volkswagen, which owns brands including Audi, Bugatti, Seat, Skoda, […]
Finance
Robert Reich: Break up Facebook (and while we’re at it, Google, Apple and Amazon)
Big tech has ushered in a second Gilded Age. We must relearn the lessons of the first, writes the former US labor secretary. Read here
Be the first to comment