Page 127 - United States

India beating US, China's consumption rates of premium spirits: Researcher

India's rising affluent class is fuelling a surge in high-end spirits sales, with Scotch whisky and fine wines registering double-digit growth, outpacing consumption rates in the US and China, according to a Switzerland-based researcher. "One subcategory where India surpasses China and is growing at double the rate of the USA over a five-year CAGR is Scotch luxury whisky," Simon Joseph, a senior luxury brand builder and consumer experience expert based in Zurich, said. Joseph, a researcher with Glion Institute of Higher Education, said according to various data forecasts, the luxury Scotch whisky market is also growing at 16 per cent CAGR up to 2024-end. Scotch whisky exports to India grew at a compound annual growth rate of 66% up to 2022, outpacing the US, China, and other significant markets, Joseph said, citing data from the UK-based Scotch Whisky Association (SWA). According to the UK-based SWA data, the equivalent of 167 million bottles were exported to India in 2023, up 27%

News updates: PM Modi arrives in US to participate in the Quad summit

Catch all the latest news updates from around the world here

Indian migrants top list of educated global pool in US at 14%: Think tank

The data trend for H-1B workers, a term used to describe foreign professionals in the US, showed that in 2022-23, over 72 per cent of approved H-1B petitions were for workers from India

PM Modi heads for Quad: It was India's turn to host. Why did US swap it?

PM Modi has embarked on a three-day trip to the US for the Quad, joining leaders from the US, Japan, and Australia. He will hold key talks with Joe Biden, and address the UN in New York

American lawmakers announce launch of Quad Caucus ahead of summit

A bipartisan group of American lawmakers on Friday announced the creation of a QUAD Caucus in the US Congress. The announcement was made a day before the four-nation Summit begins. US President Joe Biden has invited leaders from Australia, India, and Japan for the QUAD summit at his home in Wilmington, Delaware. The Quad leaders seek to discuss major initiatives on infrastructure, maritime security, public-private partnership, climate, health, critical and emerging technologies, and space during the Summit. The announcement for the QUAD Caucus came from Congressman Ami Bera, Ranking Member of the House Foreign Affairs Indo-Pacific Subcommittee, Congressman Rob Wittman, and Senators Tammy Duckworth and Pete Ricketts, both members of the Senate Foreign Relations Committee. "As the Indo-Pacific becomes increasingly important to global security and economic prosperity, it is essential that the United States continues to strengthen relationships with our Quad partners," Bera said. "Th

Hezbollah commander killed in Israeli airstrike was on US wanted list

The Hezbollah commander killed in an Israeli airstrike in Beirut's southern suburbs Friday was one of the Lebanese militant group's top military officials, in charge of its elite forces, and had been on Washington's wanted list for years. Ibrahim Akil, 61, was the second top commander of Hezbollah to be killed in an Israeli airstrike in the southern suburb of Beirut in as many months, dealing a severe blow to the group's command structure. The strike Friday came as the group was still reeling from a widely suspected Israeli attack targeting Hezbollah communications earlier this week when thousands of pagers exploded simultaneously. The attack killed 12 people, mostly Hezbollah members, and injured thousands. Akil was a member of Hezbollah's highest military body, the Jihad Council, since 2008, and the head of the elite Radwan Forces. The forces also fought in Syria gaining experience in urban warfare and counterinsurgency. Israel has been attempting to push the fighters back from th

PM Modi departs for US to attend Quad Summit, address UN 'Summit of Future'

PM Modi will take part in the sixth Quad Leaders' Summit in Wilmington, Delaware, which is being hosted by US President Joe Biden

Decision paralysis: 69% Indians find it hard to plan for future, says study

The HSBC study highlights that confidence is a key issue, as 62 per cent of those surveyed feel they are not well-prepared to manage important decisions

Before pager blasts, Israel told US about 'Lebanon operation': Top updates

Amid the tensions over pager explosions in Lebanon on Tuesday, US officials said that they were warned by Israel of a military operation in the region but not given any specifics

Israel warned US about operation in Lebanon but gave no details: Officials

Israel warned US Defense Secretary Lloyd Austin in a call Tuesday that a military operation was going to take place in Lebanon but gave no details, US officials said Thursday. The same day of the call, in an attack widely blamed on Israel, thousands of pagers belonging to Hezbollah militants exploded. The call was one of four between Austin and Israeli Defense Minister Yoav Gallant this week as attacks have spiked between Israel and Hezbollah, fuelling worries that they could escalate into a wider regional war. The two spoke again later Tuesday, and the US has acknowledged being briefed following the attack. There was another call Wednesday, and they also spoke Sunday, said the officials, who spoke on condition of anonymity to discuss private talks. The officials said the US did not get advance warning of the second wave of attacks, with walkie-talkie radios targeted Wednesday. At least 37 people were killed, including two children, and some 3,000 wounded in the two days of ...

Wall Street rises ahead of key Fed decision; S&P 500 nears record high

Microsoft gains after new share buyback plan, dividend hike

'Unwarranted': India reacts to US court summon over 'plot' to kill Pannun

A US court has summoned the Indian government following Khalistani leader Gurpatwant Singh Pannun's lawsuit alleging an assassination plot against him, a charge that has been denied by the Centre

Bengaluru's millionaire population soars by 120% over last decade: Report

Home to approximately 13,200 millionaires, Bengaluru has a collective investable wealth of Rs 800 crore, according to Henley & Partners' Centi-Millionaire Report 2024

Mission specialist for Titan sub owner to testify before US Coast Guard

A mission specialist for the company that owned the Titan submersible that imploded in 2023 is scheduled to testify before the US Coast Guard on Thursday. Renata Rojas is the latest person to testify who is connected to Titan owner OceanGate after an investigatory panel has listened to two days of testimony that raised questions about the company's operations before the doomed mission. OceanGate co-founder Stockton Rush was among five people who died when the submersible imploded en route to the site of the Titanic wreck in June 2023. Earlier this month, the Coast Guard opened a public hearing that is part of a high-level investigation into the cause of the implosion. The public hearing began on September 16 and some of the testimony has focused on the troubled nature of the company. During the hearing, former OceanGate operations director David Lochridge said he frequently clashed with Rush and felt the company was committed only to making money. The whole idea behind the company

US House Republicans fail to pass spending bill as shutdown approaches

Democrats in the House and the Senate say they are eager to pass a stopgap spending bill to avert a disruptive shutdown

Tupperware lifts lid on its financial problems with bankruptcy filing

The company behind Tupperware, the plastic kitchenware that revolutionized food storage after World War II and became inextricably linked to the parties where women seeking a measure of financial independence and fun in midcentury America sold the colorful products, has filed for bankruptcy. Tupperware Brands, the Orlando, Florida-based consumer goods company that produces the iconic line of containers, said it was seeking Chapter 11 bankruptcy protection after struggling to revitalize its core business and failing to secure a tenable takeover offer. Despite enjoying the same cultural ubiquity as Kleenex, Teflon and other brands whose trademarked names are eponymous with entire product categories, Tupperware has suffered from waning sales, rising competition and the limitations of the direct-to-consumer marketing model that once defined its success. The company said Tuesday in its bankruptcy filing that consumers shifting away from direct sales, which make up the vast majority of it

Vistra acquires remaining stake worth $3.25 bn in subsidiary Vistra Vision

Vistra's shares have jumped nearly 137 per cent so far this year

China's failing US lobby playbook puts tech companies in jeopardy

China argues its companies are being unfairly targeted, saying the US is using a broad definition of national security to suppress foreign businesses

Quad is more strategically aligned, relevant than ever: White House

The upcoming Quad summit in Delaware will show that the four-country group is more strategically aligned and more relevant than ever before, the White House said Wednesday. "We believe that you'll see coming out of this summit that the Quad is more strategically aligned and more relevant than ever before," John Kirby, White House National Security Council Strategic Communications Director told reporters at a news conference here. Kriby's comments came ahead of US President Joe Biden's hosting of the other three QUAD leaders from Australia, India, and Japan in Wilmington, Delaware on Saturday. Kirby said the current Quad Summit will be the first time that the US has hosted foreign leaders in Wilmington, the president's hometown. "And he's very excited about that, about showing them a place and a community that shapes so much of the public servant and the leader that he became. It's also a reflection of his belief that like politics, foreign policy is also personal," he said. Kirby

Vietnam's Communist Party chief Lam to meet Google, Meta in US next week

The US-ASEAN Business Council (USABC), which is one of the organisers of the Sept. 23 event, declined to share a list of participants