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Vought, Director of the Office of Management and Budget: Our naval shipyards are operating at full capacity and have significant backlogs.

2026-08-14

Vought, Director of the Office of Management and Budget: Our naval shipyards are operating at full capacity and have significant backlogs.

Other News
2026-08-14

Hong Kong stocks closed down, with the Hang Seng Index down 1.10%, the Tech Index down 1.77%, JD.com (09618.HK) down 10.41% after its earnings announcement, and Hua Hong Grace (01347.HK) down 11.55% after its earnings announcement.

Hong Kong stocks closed down, with the Hang Seng Index down 1.10%, the Tech Index down 1.77%, JD.com (09618.HK) down 10.41% after its earnings announcement, and Hua Hong Grace (01347.HK) down 11.55% after its earnings announcement.
2026-08-14

Escalating attacks have prompted Saudi Arabia to adopt a more proactive security posture in Yemen and the wider region, driven by the prospect that Houthi forces could eventually block the Bab el-Mandeb strait and threaten the Red Sea shipping lane t

Escalating attacks have prompted Saudi Arabia to adopt a more proactive security posture in Yemen and the wider region, driven by the prospect that Houthi forces could eventually block the Bab el-Mandeb strait and threaten the Red Sea shipping lane that is an alternative to the Strait of Hormuz. Riyadh is especially sensitive after recent tensions around Hormuz, since a closure of Bab el-Mandeb would put Red Sea routes — previously a viable complement to Saudi east–west pipelines bypassing Hormuz — at direct risk. Last month Saudi Arabia announced an international coalition to protect Red Sea shipping with 13 participating countries, while deepening defense agreements with Pakistan and Turkey and increasing coordination with the United States. Saudi defense officials recently met the US vice president, and media reports say the crown prince has US backing for potential military action against the Houthis. On the ground, Riyadh has shifted tactics — intervening late last year against the UAE-backed Southern Transitional Council to help consolidate anti-Houthi forces around the Yemeni government — and analysts say Saudi policy now appears aimed at driving the Houthis off the coastline rather than attempting to retake Sanaa.
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