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Displaced Yemenis sit under a makeshift shelter at a camp for internally displaced persons. Photo: STR / AFP / Getty Images

Warfare, severe food shortages and disease are devastating Yemen, already one of the world's poorest countries. The U.N. has called the situation the "largest humanitarian crisis in the world," and U.N. Ambassador Nikki Haley said recently that "no one should ever have to live the way the people of Yemen are living."

Why it matters: The U.N. estimates that more than 22 million Yemenis are in need of humanitarian assistance. The population of Yemen is 27 million.

By the numbers
How we got here
  • Yemen is nearing its third year of war between two factions: Houthi rebel forces and a Saudi-led coalition which supports President Abdrabbuh Mansour Hadi.
  • Former president Ali Abdullah Saleh, who was killed last year, relinquished his office to Hadi in 2011. Houthi rebels eventually "took advantage of the new president's weakness," after Hadi struggled with several problems in office.
  • Hadi fled the country in 2015, leading the Saudis and other Sunni Arab nations to begin "an air campaign aimed at restoring Mr. Hadi's government."

Go deeper

Erica Pandey, author of @Work
1 hour ago - Economy & Business

What's really going on with the labor market

Source: YCharts

The labor market is showing some signs of improvement: Jobless claims fell to 730,000 — a dramatic drop from 841,000 the previous week. And the latest jobs report showed a pandemic-era low unemployment rate of 6.3%

But, but, but: That's not the full story, experts say.

Felix Salmon, author of Capital
1 hour ago - Economy & Business

Markets see rare convergence milestone

Expand chart
Data: YCharts; Chart: Axios Visuals

A milestone was reached in the markets Thursday: The yield on the 10-year Treasury note rose to match the dividend yield on the S&P 500

Why it matters: The two yields have been inverted since the beginning of last year, which is historically unusual.

Mike Allen, author of AM
2 hours ago - Economy & Business

First look: Business puts muscle behind Biden

Business Roundtable, the voice of America's top CEOs, today launched "Move the Needle," a campaign to support President Biden in rolling out COVID vaccines, increasing vaccine uptake and encouraging masks.

What they're saying: "Masks and vaccines are working. Now is the time to keep at it, overcome pandemic fatigue, and double down on the measures that will end this public health and economic crisis, said Business Roundtable president and CEO Josh Bolten.