Page 92 - United States

Downfall of Byju's, India's hot edutech startup, wipes out US debtholders

Recoveries will need to come from how Indian courts rule on the company's broader insolvency plan and how it aims to repay creditors; it's unclear how much, may be available to those in US

Deal on Chagos Islands won't be finalised until Trump consulted, says UK

Britain's government confirmed on Wednesday that it will not finalize a deal to hand over sovereignty of the contested Chagos Islands to Mauritius until President-elect Donald Trump's administration is consulted. The governments of Britain and Mauritius have been negotiating in recent months to complete an agreement to settle the future of the disputed Indian Ocean archipelago, which is home to a strategically important UK-US naval and bomber base. But the agreement was opposed by Trump and his supporters. The president-elect's pick for secretary of state, Marco Rubio, warned last year that the deal posed a serious threat to US national security. The military base, located on Diego Garcia, the largest of the chain of tropical islands off the tip of India, has supported US military operations from Vietnam to Iraq and Afghanistan. In 2008, the US acknowledged it also had been used for clandestine rendition flights of terror suspects. The official spokesperson for British Prime Minis

GPU export curbs may derail India's AI ambitions, tech-driven growth

Key chips designed in the US by companies like Nvidia and AMD are fabricated abroad. Some of the key raw-material inputs are also drawn from nations that are not on the "favoured" list

US chip export curbs raise concerns for India's AI growth, infrastructure

India's National AI Mission aims to build infrastructure with over 10,000 GPUs through public-private partnerships, supported by a Rs 10,000 crore investment over five years

Americans turn to RedNote over TikTok Ban concerns. Check details

TikTok has been given a deadline to sell the operations to the US or face a ban. Amid ban concerns, American users are moving to an alternative, Xiaohongshu, also known as RedNote

US importers rush in goods from China as Trump's tariff threat looms

Trump, who has threatened to slap tariffs of 10 per cent to 60 per cent on goods from China, takes office on January 20

TikTok prepares for immediate shutdown in US this Sunday as ban nears

The US Supreme Court is ruling on the constitutionality of a law signed by President Joe Biden mandates TikTok to divest from its Chinese parent company, ByteDance, and sell to a US-based entity

Rubio vows to place US interests 'above all else' as Trump's top diplomat

Florida Sen. Marco Rubio is promising to implement President-elect Donald Trump's America First vision as secretary of state, vowing in his confirmation hearing Wednesday that the incoming administration will forge a new path by placing American interests above all else. Placing our core national interests above all else is not isolationism," Rubio will tell the Senate Foreign Relations Committee, according to an opening statement obtained by The Associated Press. "It is the commonsense realization that a foreign policy centred on our national interest is not some outdated relic. The postwar global order is not just obsolete; it is now a weapon being used against us, Rubio says. It's a remarkable opening salvo from Rubio, who was born in Miami to Cuban immigrants, and who, if confirmed, would become the first Latino ever to serve as the nation's top diplomat. The confirmation hearing begins a new chapter in the political career of the 53-year-old Florida Republican, whose relations

Border crossings in December trend low as Biden administration wraps up

US officials on Tuesday announced the latest border data, and it suggests the Biden administration is poised to end its term without an expected bump in illegal border crossings. In December, Customs and Border Protection reported 47,300 illegal border crossings -- a slight elevation from November, when it reported 46,612, approaching the lowest level since July 2020. The first two weeks of January also indicate activity has dropped, with about 45 per cent fewer crossings than in December, according to senior CBP officials who spoke with reporters during a virtual press conference. Border crossing activity peaked in South Texas, doubling from about 5,000 in November to slightly above 10,000 arrests in December across the Rio Grande Valley region, despite Republican-led efforts to heighten border security through Operation Lonestar. The number of border arrests in December exceeded the number of people processed for asylum at ports of entry through the CBP One app, which allows ...

Will collaborate with depts to reassess India-US ties: Pete Hegseth

Hegseth highlighted the importance of joint military exercises, defence sales, and strategic talks which have bolstered India-US ties significantly

Biden announces steps to protect vehicle supply chains from China, Russia

Connected vehicles consist of many connected components and systems - such as Wi-Fi, Bluetooth, cellular, and satellite connectivity

Ceasefire in Gaza? What to know about Israel and Hamas hostage talks

The Biden and incoming Trump administrations are collaborating to secure a ceasefire agreement before January 20, focusing on hostages, troop withdrawals, and peace talks

US President-elect Trump says he will meet 'very quickly' with Putin

He did not provide a timeline for the meeting, which would be the first between the leaders of the two countries since Russia's war with Ukraine started in February 2022

NZAM suspends activities after BlackRock exit amid US political pressure

BlackRock, which manages some $11.5 trillion in assets, left the Net-Zero Asset Managers (NZAM) initiative on Jan. 9 citing confusion over its climate efforts

US lawmakers urge Joe Biden to extend TikTok January 19 ban deadline

Biden could extend the deadline by 90 days if he certifies ByteDance is making substantial progress toward a divestiture

Greenland open to cooperation with Donald Trump, says Prime Minister Egede

His comments come after President-Elect Trump last week reiterated his ambition to take control of the island, a self-ruling territory of Denmark with 57,000 people

Canadian ambassador warns of 'tit-for-tat' retaliation to US tariffs

Trump has threatened 25 per cent tariffs on all products from Canada and Mexico unless they address his complaints on border security

Los Angeles area in extreme fire danger as crews battle enduring blazes

More powerful winds were expected to trigger new wildfires that could set back the recent progress made in containing blazes in the Los Angeles area that have destroyed thousands of homes and killed at least 24 people. Much of Los Angeles area to remain under an extreme fire danger warning through Wednesday A large portion of southwest California spanning eight counties around Los Angeles is under a red flag warning for extreme fire danger through Wednesday. Certain areas of LA and Ventura counties, including valleys, foothills and mountains throughout the Santa Monica and Santa Susana ranges, were in what the National Weather Service calls a "particularly dangerous situation". The Palisades and Eaton fires are burning on the southern side of that area, and hurricane-force winds are forecast to return on Tuesday. The weather service urges residents to "stay aware of your surroundings. Be ready to evacuate. Avoid anything that can spark a fire". Interactive maps show locations of

Trump team questioning bureaucrats at NSC about commitment to his agenda

Incoming senior Trump administration officials have begun questioning career civil servants who work on the White House National Security Council about who they voted for in the 2024 election, their political contributions and whether they have made social media posts that could be considered incriminating by President-elect Donald Trump's team, according to a US official familiar with the matter. At least some of these nonpolitical employees have begun packing up their belongings since being asked about their loyalty to Trump -- after they had earlier been given indications that they would be asked to stay on at the NSC in the new administration, the official said, speaking on the condition of anonymity to discuss sensitive personnel matters. Trump's pick for national security adviser, Florida Rep Mike Waltz, in recent days publicly signalled his intention to get rid of all nonpolitical appointees and career intelligence officials serving on the NSC by Inauguration Day to ensure the

US govt drops legal case as firm scraps plans to salvage Titanic artifacts

The US government has scrapped its litigation against the company that owns the salvage rights to the Titanic, noting that the firm no longer has expedition plans to the shipwreck that could break federal law. The scuttling of the government's latest legal battle isn't necessarily the end of RMS Titanic Inc.'s attempts to enter the rapidly deteriorating ocean liner or to fetch more historic objects. The company said last month that it's still considering the implications of future expeditions. But the US on Friday withdrew its motion to intervene in a federal admiralty court in Virginia, which oversees salvage matters for the world's most famous shipwreck. The withdrawal concluded the second of two legal battles in five years that the US has waged against RMS Titanic Inc, the company that has retrieved and exhibited the ship's artifacts. The US filed its latest legal challenge in 2023 when RMST was planning to take images inside the ship's hull and pluck items from the surrounding .