USA

Treasury Secretary Scott Bessent invoked the buyback program last year as part of the department's "big toolkit we can roll out" if needed to address dislocation in the Treasuries market.

The memorandum of understanding, clinched on June 17, ​quickly unravelled over a dispute about control of ‌the Strait of Hormuz, the narrow waterway through which ​a fifth of global oil and liquefied

US consumers' one-year inflation expectations rose to 4.3% in August from 4.2% in July as the Middle East conflict raised concerns over living costs.

Trump's directive would allow foreign shipbuilders to construct up to two vessels overseas while ordering the Navy to replace EMALS with steam catapults.

"Today ​you see that the Strait of Hormuz is under the management and control of the Islamic ​Republic," Iran's Basij paramilitary unit head Hossein Taeb said

US Ambassador to India Sergio Gor held discussions with National Security Advisor Ajit Doval on Tuesday to deliberate on US-India strategic cooperation, describing the meeting as "fruitful".

The US is reviewing a proposal to eliminate the 60-day window for foreign workers holding non-immigrant visas to find employment after a job loss, a move that may force them to leave the country immediately. A proposal from the Department of Homeland Security is currently under review at the federal Office of Management and Budget (OMB), according to its website. If finalised, the proposed regulation would eliminate the 60-day grace period accorded to certain principal non-immigrants and their dependents if the principal's employment ceases before their period of stay expires. Further details of the proposal are not immediately known. The 60-day grace period was introduced in 2017 to allow foreign workers and their dependents to stay in the US while searching for new employment after a job loss. Immigration consultants said the Department of Homeland Security has the discretion to shorten or refuse the grace period, but has rarely done so. The rule applies to E-1, E-2, E-3, H-1B,

The US Senate's approval of a bill on Russia sanctions could expose Indian exports to additional tariffs of up to 100 per cent if India continues buying Russian crude oil, think tank GTRI said on Saturday. The US Senate voted overwhelmingly to approve a bill to punish Russia and key buyers of its petroleum products, such as China and India, claiming that such trade helps fuel the Ukraine war. This bill will allow US President Donald Trump to impose 100 per cent tariffs on goods from countries that are the top five importers of Russian oil and gas. The Global Trade Research Initiative (GTRI) said that India, being the second-largest buyer of Russian crude, is exposed to high tariffs. Russia supplied 30.3 per cent of India's crude imports in FY2026, worth USD 40.8 billion, helping reduce costs and contain inflation. "The US Senate has overwhelmingly approved legislation that could expose Indian exports to additional tariffs of up to 100 per cent if India continues buying Russian cru

The US economy unexpectedly lost jobs in July, while payroll figures for the previous two months were revised sharply lower, reducing expectations of a Federal Reserve rate hike.

The commerce ministry, in a statement, accused Washington of long manipulating the issue of forced labour, calling the new tariffs a ​typical act of unilateralism and protectionism

Refiners are postponing routine maintenance to maximise profits, but industry experts say sustained near-full capacity is neither safe nor operationally sustainable

US District Judge Arun Subramanian cited "profound First Amendment" issues raised by the case before skeptically questioning a govt lawyer about the steps the govt took before issuing demands

The AI race between the US and China is heating up. Washington has accused Chinese startup Moonshot AI of using American technology to build its powerful Kimi K3 model,

The Pentagon says the US-Iran war has already cost America $37.5 billion, and it wants another $87 billion from Congress. But as casualties mount and political opposition grows,

Kaan Ayhan scored on the final kick of the match, and Turkey beat the United States 3-2 Thursday night for its only win of the World Cup. Auston Trusty scored in the third minute and Sebastian Berhalter got a tying goal early in the second half for the Americans, who had already won Group D with victories over Paraguay and Australia. Coach Mauricio Pochettino's team will meet Bosnia-Herzegovina in the Round of 32 on Wednesday. Pochettino fielded nine new starters for this low-stakes game, but Christian Pulisic entered in the 58th minute. He hadn't played since the first half of the Americans' opener due to a calf injury. Arda Guler and Orkun Kokcu scored in the first half of a resilient performance by Turkey, which had already been eliminated. Turkey won in the eighth minute of stoppage time when Can Uzun got the ball in space on the back post and pushed it past sprawling goalkeeper Matt Turner to Ayhan, who slid to knock it home.

After back-to-back group-stage victories and qualification for the Round of 32, what initially felt like optimism has begun evolving into belief.

China is back on top of the supercomputer race. Its new system, LineShine, has overtaken the US' fastest supercomputer despite years of American chip restrictions.

The US Department of Justice dropped all criminal charges against Gautam Adani, bringing the high-profile alleged bribery case to an end.

The US' military planners seem to have failed to predict Tehran's response, including the bombing of US allies in the region and the closure of the Strait of Hormuz

India is staring at a widening LPG supply gap as disruptions in the Strait of Hormuz hit imports. While alternative routes and US cargoes offer some relief, shortages could worsen in April.