Page 114 - United States

Taiwan central bank chief doubts Trump may penalise nation for chip biz

Taking lawmaker questions, Taiwan central bank governor Yang Chin-long said that the semiconductors and other tech products manufactured on the island are materials of such strategic importance

US Prez Biden, China's Xi to meet in Peru on Nov 16, discuss bilateral ties

Outgoing US President Joe Biden will meet his Chinese counterpart Xi Jinping in Peru on Saturday on the sidelines of an international summit, during which the two leaders expect to review the bilateral relations, the White House said Wednesday. "We expect the president will use the opportunity to take stock of efforts to responsibly manage competition over the last four years, how the two countries have advanced areas of shared interest, and, even amidst deep differences and intense competition, have worked to do so," a senior administration official said. The two leaders are scheduled to meet on November 16 at Lima, the capital of Peru, on the sidelines of the Asia-Pacific Economic Cooperation Summit. The meeting would come just over two months before Donald Trump's return to the White House. This will be their third in-person meeting since Biden entered office. They previously met in Bali, in 2022, on the margins of the G20, and at Woodside, California in 2023, on the margins of .

Marco Rubio will be true friend to allies, warrior against rivals: Trump

US Senator Marco Rubio, who has been nominated as Secretary of State, will be a be a strong advocate for the US, a true friend to its allies, and a fearless warrior who will never back down to adversaries, President-elect Donald Trump said Wednesday. "It is my great honour to announce that Senator Marco Rubio of Florida is hereby nominated to be The United States Secretary of State," Trump said making a formal announcement in this regard. Marco is a Highly Respected Leader, and a very powerful Voice for Freedom, he said. "He will be a strong advocate for our nation, a true friend to our allies, and a fearless warrior who will never back down to our adversaries. I look forward to working with Marco to Make America, and the World, Safe and Great Again!" Trump said in his statement, which came soon after his meeting with outgoing President Joe Biden. According to the Trump Transition team, Rubio was born in 1971 in Miami, Florida as the son of two Cuban immigrants pursuing the Americ

Polymarket investigated by DOJ for 'letting' US users bet on platform

Polymarket said in a statement that the company would 'stand up for ourselves and our community', and alleged that the FBI search was politically motivated

US accuses China of vast cyber-espionage campaigns against telecoms

The hackers infiltrated networks of multiple telecommunications companies to steal customer call records and compromise communications belonging to a limited number of people in government agencies

India's Apr-Oct finished steel imports at seven-year high: Govt data

India's steel ministry favours a safeguard duty or a temporary tax to curb rising steel imports, a senior government official

Trump's economic agenda for 2nd term is clouding outlook for mortgage rates

Donald Trump's election win is clouding the outlook for mortgage rates even before he gets back to the White House. The president-elect campaigned on a promise to make home ownership more affordable by lowering mortgage rates through policies aimed at knocking out inflation. But his proposed economic agenda could potentially set the stage for mortgage rates to move higher, some economists and analysts say. Mortgage rates are influenced by several factors, including moves in the yield for US 10-year Treasury bonds, which lenders use as a guide to price home loans. Treasury yields rose in recent weeks even after the Federal Reserve cut its benchmark interest rate, which influences rates on all types of loans including mortgages. Investors appeared to question how far the Fed should cut rates given the strength of the economy. Then yields surged further immediately after Trump's victory, sending the average rate on a 30-year mortgage up to 6.79 per cent, according to mortgage buyer ...

Experts hail pro-India Mike Waltz's pick as US NSA; predict stronger ties

The National Security Adviser is a top aide to the president who plays a major role in foreign and national security policy decision-making

Diminished Biden heads to APEC summit in Peru, overshadowed by China's Xi

If things had gone differently last week, U.S. President Joe Biden could have arrived at the Asia-Pacific Economic Cooperation forum in Peru on Thursday projecting confidence and pledging his successor's cooperation with eager Latin American partners. No longer. Just as in 2016, the last time that Peru's capital Lima hosted APEC, Donald Trump's election victory has pulled the rug out from under a lame-duck Democrat at the high-profile summit attended by over a dozen world leaders. The renewed prospect of Trump's America First doctrine hampers Biden's ability to reinforce the United States' profile on his first presidential trip to South America, experts say, leaving China and its leader, Xi Jinping, to grab the limelight in America's proverbial backyard. President Xi's first order of business in Peru is inaugurating a $1.3 billion megaport that will put China's regional influence on stark display. Total investment is expected to top $3.5 billion over the next decade. This isn't the

Chinese battery giant CATL would build US plant if Trump allows it

Trump wants to prevent Chinese auto imports but has said he remains open to Chinese automakers building vehicles in US

Silent majority voted Trump to power says Indian American Republican

The silent majority who were frustrated with the wars and high inflation voted Donald Trump to power, an eminent Indian American Republican leader has said exuding confidence that it would be a successful second term. On November 6, Trump was elected the US president for a second term in one of the greatest political comebacks in American history, four years after an election loss in 2020 that sparked a violent insurrection at the US Capitol. The 78-year-old Republican leader defeated his Democratic rival Kamala Harris in a bitterly fought election. "We have been forecasting this (a Trump victory). We were seeing it in the ground movement. There was a silent majority. This was a result of America's lost foreign policies, the domestic inflation, out-of-control crime, out-of-control illegal immigration, poor infrastructure, and the Biden-Harris administration focusing on social issues that were not relevant with the masses, Jasdip Singh Jassee, founder of Sikhs for Trump told PTI. So

US investigates Russian accounts UBS took over from Credit Suisse

The US sanctions enforcement agency, OFAC, has written to the bank as part of this inquiry

Biden govt sidesteps its 30-day deadline for Israel to improve Gaza aid

Israel has done enough to assuage US concerns but needs to do more, State Department spokesman Vedant Patel said in a briefing Tuesday in Washington

US prohibits airlines from flying to Haiti, UN temporarily suspends flights

The Federal Aviation Administration announced Tuesday that it will prohibit US airlines from flying to Haiti for 30 days after gangs shot two planes and the United Nations will temporarily suspend flights to Port-au-Prince, limiting humanitarian aid coming into the country. Bullets hit the Spirit Airlines plane when it was about to land Monday in the country's capital, injuring a flight attendant and forcing the airport to shut down. Photos and videos obtained by The Associated Press show bullet holes dotting the interior of a plane. On Tuesday, JetBlue announced that its plane had also been shot while departing Port-au-Prince on Monday. The shootings were part of a wave of violence that erupted as the country plagued by gang violence swore in its new prime minister after a politically tumultuous process. UN spokesman Stephane Dujarric said the agency documented 20 armed clashes and more roadblocks affecting humanitarian operation during the violence Monday. The Port-au-Prince airpo

Houthi rebels launch drones, missiles at US warships, no damage reported

Yemen's Houthi rebels targeted two US Navy warships with multiple drones and missiles as they were travelling through the Bab el-Mandeb Strait, but the attacks were not successful, the Defense Department said Tuesday. Maj. Gen. Pat Ryder, Pentagon press secretary, said the Iranian-backed Houthis launched at least eight drones, five anti-ship ballistic missiles and three anti-ship cruise missiles at the USS Stockdale and the USS Spruance, both Navy destroyers, on Monday. He said there was no damage and no one was injured. The strait is a narrow waterway between the Red Sea and the Gulf of Aden, which typically sees USD 1 trillion in goods pass through it a year. The rebels have been targeting shipping through the strait for months over the Israel-Hamas war in Gaza and Israel's ground offensive in Lebanon. The Houthis have insisted that the attacks will continue as long as the wars go on, and the assaults already have halved shipping through the region. Meanwhile, a UN panel of expert

Trump spends 1st week as president-elect behind closed doors at Mar-a-Lago

For a man who loves the spotlight, Donald Trump has been conspicuously out of view since his triumph in last week's presidential election. There have been no rallies, no press conferences, no speeches. Instead, Trump has spent most of his first week as president-elect behind closed doors at Mar-a-Lago, his private club in Florida, where he's working the phones, reconnecting with foreign leaders and building his new administration. Trump is hardly in seclusion. He's surrounded by advisers, friends and paying members of his club, who weigh in with advice as he selects people for top government jobs. Elon Musk, the world's richest man, whose companies have billions of dollars of federal contracts, has been a constant presence. Some see Musk as the second-most influential figure in Trump's immediate orbit after his campaign chief-turned-incoming chief of staff, Susie Wiles. Very productive day of work by the transition team, Musk posted on X, his social media company, on Monday ...

New wildfires burn in US Northeast; California, West witness bigger blazes

New wildfires burned Tuesday across the Northeast, adding to a series of blazes that have come amid very dry weather and killed at least one person, while much larger fires raged in California and other western states. Heavy smoke led to poor air quality and health advisories for parts of New Jersey and New York, including New York City. Firefighters in Massachusetts worked to contain dozens of fires amid strong winds and drought conditions. The National Weather Service issued a red flag warning for much of that state and parts of Connecticut, saying conditions were critical and fires could rapidly spread. Massachusetts officials said all of the 200 or so fires they had been dealing with this month had been caused by human behaviour, and Governor Maura Healey urged people to avoid lighting fires. Now is not the time to burn leaves. Now is not the time to go outside and light a fire, she told reporters in Middleton. One fire in southern New Jersey tripped fire alarms and set off ca

US sets methane fee on oil, gas emitters as Prez Biden term winds down

The fee will start at $900 per metric ton of methane emitted in 2024, and increases to $1,200 in 2025, and $1,500 for 2026 and beyond

Donald Trump picks Afghanistan vet Mike Waltz as National Security Advisor

The person familiar requested anonymity to discuss the selection. Waltz's congressional office did not immediately respond to requests for comment

Zydus Lifesciences Q2 result: Net profit rises 13.8% to Rs 911.2 crore

Zydus Lifesciences Ltd on Tuesday reported a 13.8 per cent rise in consolidated net profit at Rs 911.2 crore in the second quarter ended September 30, 2024. The company had posted a consolidated net profit of Rs 800.7 crore in the corresponding period of the last fiscal year, Zydus Lifesciences Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 5,237 crore, as compared to Rs 4,368.8 crore in the year-ago period, it added. "Sustained growth momentum across our businesses along with enhanced profitability drove our strong Q2 performance. Execution success of our differentiated pipeline in the US and outperformance of our India geography business were particularly noteworthy," Zydus Lifesciences Managing Director Sharvil Patel said. India geography comprising formulations as well as consumer wellness businesses registered revenues of Rs 1,944.4 crore, up 10 per cent year-on-year (y-o-y). The US formulations business registered revenue of Rs 2,416 8 cror