Hard Numbers
Hard Numbers: Japan wins huge Oz carrier contract, Migrant boat sinks off Yemen, US to require bonds from visa-seekers, Taiwan arrests chip snoops
FFM Mogami at the Yokosuka Naval Base on April 8, 2025.
Stanislav Kogiku/AFLO via REUTERS
$6.5 billion: Japan won a $6.5 billion defense contract to build 11 new warships for Australia’s navy on Tuesday. The deal comes as Australia undertakes a major defense overhaul in order to counter China’s expanding presence in the Indo-Pacific.
68: At least 68 African migrants have died after a boat capsized off the coast of Yemen on Sunday. Yemen is a major transit route for migrants from the Horn of Africa – which includes Ethiopia, Somalia, Djibouti, and Eritrea – who go to the Gulf monarchies in search of work. The overall death toll is feared to be greater than 140.
15,000: The US is planning to require some visa applicants to pay bonds of up to $15,000, as President Donald Trump continues his crackdown on immigration. The State Department said the measure will target countries whose citizens overstay their visas most often: looking at you, Colombia, Mexico, Canada, Haiti, Venezuela, and Spain.
6: Taiwanese authorities have arrested six people suspected of stealing trade secrets from TSMC, the world’s most advanced semiconductor manufacturer. While their nationalities haven’t been made public yet, China’s Huawei and Semiconductor Manufacturing International Corp (SMIC) and the US’s Intel trail far behind TSMC, which supplies chips to Nvidia and Apple.In this Quick Take, Ian Bremmer reacts to President Trump’s State of the Union address, calling it “a rehashing of the greatest hits” with little new policy direction.
Small business hiring surged 7% above the 2024 average in December, led by a surprise rally in retail. But with uncertainty still historically high and mounting concerns over tariffs, can this momentum survive 2026? Explore the data behind the resilience of the US small business sector. Get the latest economic insights from Bank of America Institute.