Pay Cuts and Layoffs Devastate Chinese Working Class, Prompting Deflation Panic
China’s problem with low consumer spending is getting worse as pay cuts and layoffs leave the Chinese working class with even less disposable income.

China’s problem with low consumer spending is getting worse as pay cuts and layoffs leave the Chinese working class with even less disposable income.

Iranian Foreign Ministry spokesman Esmail Baghaei on Thursday blasted the U.N.’s International Atomic Energy Agency (IAEA) and its director, Rafael Grossi, for condemning Iran’s nuclear program.

Lee Jae-myung, the winner of South Korea’s June 3 election, made his first overseas trip this week to attend the Group of Seven (G7) summit in Alberta, Canada.

The Group of Seven (G7) nations on Tuesday rolled out an action plan to “de-risk” critical mineral supply chains.

At least three transport planes from China reportedly flew to Iran in the three days after Israel began attacking Iran’s nuclear program and military command structure, their cargoes and missions unknown.

The leaders of the Group of Seven (G7) nations issued a joint statement from their summit in Alberta, Canada, on Tuesday, supporting Israel’s right to self-defense and making it clear that “Iran can never have a nuclear weapon.”

The National Emergency Management Agency (NEMA) of Nigeria said on Tuesday that 6,527 people have been displaced by jihadi attacks on Christian villagers in the state of Benue, including Friday’s massacre in the town of Yelewata.

Turkish President Recep Tayyip Erdogan on Monday condemned Israel’s airstrikes on Iran’s nuclear program and, in his typically self-aggrandizing manner, offered his “state wisdom and deep experience” to negotiate an end to the conflict.

Iran’s Shiite proxies in Iraq are planning massive protests against Israel and demanding Baghdad prevent Israeli planes from passing through Iraqi airspace to attack Iran.

Jihadi gunmen murdered at least a hundred Christians in the Nigerian village of Yelewata, central Nigeria, on Friday night, the latest in a long string of bloody attacks on farmers by the violent Fulani herdsmen.

Sikhs in Canada were angered by Prime Minister Mark Carney’s invitation to Indian Prime Minister Narendra Modi to attend this weekend’s G7 summit in Alberta as a guest. Carney’s predecessor, Justin Trudeau, publicly accused Modi’s government of assassinating Sikh separatist leader Hardeep Singh Nijjar in Vancouver in June 2023.

Pakistan on Saturday vowed to “stand behind Iran” against Israeli airstrikes, but indefinitely closed all of its border crossings with Iran on Monday.

The Stockholm International Peace Research Institute (SIPRI) published a report on Monday that warned China has the fastest-growing nuclear arsenal in the world and its inventory of intercontinental ballistic missiles (ICBMs) could reach parity with the United States and Russia by 2030 – although Beijing would still lag behind in deliverable nuclear warheads.

Rafael Grossi, director of the International Atomic Energy Agency (IAEA), on Friday offered to travel to Iran and assess the damage to its nuclear sites following Israel’s airstrikes.

The Russian Foreign Ministry on Friday denounced Israel’s strikes on Iran as “unprovoked military strikes against a sovereign UN member state, its citizens, peaceful cities, and nuclear energy infrastructure.”

Vishwash Kumar Ramesh, the sole known survivor of the horrifying Air India Flight AI171 plane crash on Thursday, is conscious in the hospital and describing how he managed to leap to safety from the crash that killed all 241 of his fellow passengers and crew.

Israel’s first round of airstrikes, in what the Israeli government is describing as an extended campaign to eliminate Iran’s nuclear program, killed several top Iranian military officers and nuclear scientists.

Global Rights Compliance (GRC), an international humanitarian nonprofit group, released a report on Wednesday that examined the use of slavery in China’s critical minerals supply chain.

A court in Taiwan sentenced a Chinese ship captain to three years in jail on Thursday for intentionally damaging undersea communications cables.

The U.N. High Commission on Refugees (UNHCR) on Thursday released its annual Global Trends Report, which found a record high of 123.2 million people were displaced from their homes around the world due to “persecution, conflict, violence, human rights violations, and events seriously disturbing the public order.”

For the first time in nearly 20 years, the IAEA has formally declared Iran in breach of its nuclear non-proliferation obligations.

The Islamist junta in control of Syria, headed by former al-Qaeda officer Ahmed al-Sharaa, issued a decree on Monday that women must wear full-body coverings at public beaches and swimming pools.

Iranian Defense Minister Aziz Nasirzadeh said Wednesday that Iran will attack American military bases across the Middle East if the U.S. or its allies take military action against Iran’s nuclear weapons program.

The government of Kosovo reportedly agreed this week to “temporarily” accept a small number of migrants deported from the United States until they can be returned to their home countries.

The United Nations Population Fund (UNFPA) on Tuesday released its annual “State of World Population Report.” According to the report, the world is experiencing a fertility crisis and most of the policies implemented to fight it are ineffective.

Bishop Wilfred Chikpa Anagbe, of the diocese of Makurdi in Nigeria, said in a Fox News interview published on Tuesday that his home village of Aondona was attacked by “terrorist jihadis” and over 20 of its residents were murdered after he testified at a U.S. congressional hearing on Christian persecution.

Canadian Prime Minister Mark Carney promised Monday to boost defense spending enough to hit the North Atlantic Treaty Organization (NATO) target five years ahead of his country’s previous plan.

The Chinese aircraft carrier Liaoning entered Japan’s Exclusive Economic Zone (EEZ) on Saturday, passing within 200 miles of the eastern island of Minamitori.

Iran recently expanded its ban on dog-walking to cities outside Tehran, while a growing number of Iranians are embracing dog ownership as an act of rebellion against their theocratic regime.

Canadian Prime Minister Mark Carney on Friday invited Indian Prime Minister Narendra Modi to attend the Group of Seven (G7) summit in Kananaskis, Alberta, from June 15 to 17.

Israeli forces seized a yacht bound for Gaza and made its crew of pro-Hamas activists watch footage of the October 7 massacre.

Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and Trade Representative Jamieson Greer met with high-level Chinese officials in London on Monday to seek a resolution to the trade dispute between the world’s two largest economies.

Chinese Foreign Ministry spokeswoman Mao Ning complained on Thursday that it was “unjustified” and hypocritical for the United States to revoke the visas of students linked to the Chinese Communist Party.

The Canadian province of Manitoba on Wednesday declared a state of emergency over fast-growing wildfires. Saskatchewan followed suit on Thursday, and Alberta is shutting down some of its oil production facilities.

Two U.S. officials told Reuters on Friday that President Donald Trump is planning to increase arms sales to Taiwan as a means of deterring Chinese aggression.

India reported 7.4 percent economic growth between January and March 2025, coming in much higher than analyst predictions of 6.7 percent growth, and also much better than the 5.4 percent growth claimed by its regional rival China.

Lee Jae-myung, the left-wing presidential candidate leading in South Korea, suggests amending the constitution to make imposing martial law harder.

The German Foreign Ministry has produced a report for the European Union (E.U.) found China was responsible for approximately 80 percent of attempts to circumvent sanctions against Russia.

The Lowy Institute, a think tank based in Australia, published a report this week that warned developing nations are “grappling with a tidal wave of debt repayments and interest costs owed to China.”

The UK Guardian on Wednesday published a report about hundreds of young Saudi Arabian women being held in secretive facilities – variously described as “care homes,” “jails,” “shelters,” and “prisons” – where they face brutal punishment for disobeying their husbands or male family members.
