Page 38 - Us Government

Trouble mounts for MDH, Everest as New Zealand checks for contamination

Regulators in India have inspected MDH and Everest plants and sent samples for testing after the global scrutiny, though the results have not yet been made public

'Soft landing' hopes at stake as investors await key US inflation data

Fed Chairman Jerome Powell has downplayed the potential for rate hikes this year and recent data showed cooling in the labor market

Benchmark bond yield declines to six-week low, in line with US peers

The benchmark 10-year yield is likely to move in the 7.09-7.14% range, following its previous close of 7.1067%

Israeli tanks push deeper into Rafah despite allies warning against it

A US official who declined to be identified told Reuters that Israel promised not to make a major move in Rafah without advising Washington

Tesla plans to fire 601 more employees in California amid falling sales

The electric carmaker said last month it would lay off 6,020 people in California and Texas, as part of the headcount cuts

Judge rejects Hunter Biden's bid to delay June trial on federal gun charges

Hunter Biden's federal gun case will go to trial next month, a judge said Tuesday, denying a bid by lawyers for the president's son to delay the prosecution. U.S. District Judge Maryellen Noreika rejected Hunter Biden's request to push the trial until September, which the defense said was necessary to give the defense time to line up witnesses and go through evidence handed over by prosecutors. President Joe Biden's son is accused of lying about his drug use in October 2018 on a form to buy a gun that he kept for about 11 days. Hunter Biden, who has pleaded not guilty, has acknowledged struggling with an addiction to crack cocaine during that period in 2018, but his lawyers have said he didn't break the law. His attorneys have argued that prosecutors bowed to pressure by Republicans, who claimed the Democratic president's son was initially given a sweetheart deal, and that he was indicted because of political pressure. But the judge overseeing the case last month rejected his clai

Blinken lands in Ukraine to express solidarity amid fierce Russian attacks

The previously undisclosed trip aims to show US solidarity with Ukraine as it struggles to fend off heavy Russian bombardment on its northeastern border

Investors 'most bullish' since Nov 2021 on rate cut expectations: Survey

The survey of global fund managers with $562 billion in asset under management found 82% expect the first rate cut by the Federal Reserve in the second half

US delay in war aide allowed Putin inflict more damage: Ukraine's ex-prez

Former Ukrainian President Viktor Yushchenko said the long delay by the US Congress in approving military aid for his country was a colossal waste of time, allowing Russian President Vladimir Putin to inflict more suffering in the 2-year-old invasion and prolonging the war. The severe lack of ammunition, which forced outgunned Ukrainian forces to surrender village after village on the front lines, also sowed concern among Ukraine's other Western allies about Kyiv's prospects in repelling the Russian invasion, Yushchenko told The Associated Press in an interview on Monday. That sent a signal to Putin to attack, ruin infrastructure, rampage all over Ukraine, said Yushchenko, a pro-European reformer who sought to distance Kyiv from Moscow during his 2005-2010 administration. And, of course, this undermines the morale of those in the world who stand with and support Ukraine, said Yushchenko, who was in Philadelphia to speak at a World Affairs Council event. The delay is not fatal to ..

Asian shares hit 15-mth high ahead of highly anticipated US inflation data

MSCI's broadest index of Asia-Pacific shares outside Japan climbed slightly and hit its highest since early 2023

Pak, US discuss regional security threat posed by IS group, local Taliban

Pakistani and US officials have held their latest talks in Washington on how to expand cooperation in tackling the threat posed to regional security by an affiliate of the Islamic State group and the Pakistani Taliban, Pakistan's foreign ministry said Monday. A joint statement said Pakistani diplomat Haider Shah and the State Department's coordinator for counterterrorism, Ambassador Elizabeth Richard, chaired the weekend talks. The talks occurred amid a surge in militants attacks by the Pakistani Taliban, known as Tehreek-e-Taliban Pakistan or TTP, and an Afghan branch of the Islamic State group. The TTP is an ally of the Afghan Taliban that seized power in Afghanistan in 2021. Pakistan's military recently said a suicide bombing that killed five Chinese engineers and a Pakistani driver in March was planned in Afghanistan and that the bomber was an Afghan citizen. Kabul has denied the charge.

US airlines suing Biden admin over new rule that requires more transparency

US airlines are suing to block the Biden administration from requiring greater transparency over fees that the carriers charge their passengers, saying that a new rule would confuse consumers by giving them too much information during the ticket-buying process. The US Transportation Department said Monday it will vigorously defend the rule against what it called hidden junk fees. American, Delta, United and three other carriers, along with their industry trade group, sued the Transportation Department in a federal appeals court on Friday, saying that the agency is going beyond its authority by attempting to regulate private business operations in a thriving marketplace. The airlines said the administration hasn't shown that consumers can't get information about fees already. Airlines go to great lengths to make their customers knowledgeable about these fees, the trade group Airlines for America said Monday. The ancillary fee rule by the Department of Transportation will greatly ...

Trump trial at pivotal moment: Michael Cohen poised to give testimony

The star prosecution witness in Donald Trump's hush money trial is set to take the stand Monday with testimony that could help shape the outcome of the first criminal case against an American president. Michael Cohen, Trump's former lawyer and personal fixer, is by far the Manhattan district attorney's most important witness in the case and his expected appearance signals that the trial is entering its final stretch. Prosecutors say they may wrap up their presentation of evidence by the end of the week. Cohen is expected to testify about his role in arranging hush money payments on Trump's behalf during his first presidential campaign, including to porn actor Stormy Daniels, who told jurors last week that the USD 130,000 that she received in 2016 was meant to prevent her from going public about a sexual encounter she says she had with Trump in a hotel suite a decade earlier. He also matters because the reimbursements he received form the basis of the charges 34 felony counts of ...

US Secy of State Blinken criticises Israel's conduct in war in Gaza

Secretary of State Antony Blinken has delivered some of the Biden administration's strongest public criticism yet of Israel's conduct of the war in Gaza, saying Israeli tactics have meant a horrible loss of life of innocent civilians but failed to neutralise Hamas leaders and fighters and could drive a lasting insurgency. In a pair of TV interviews, Blinken underscored that the United States believes Israeli forces should get out of Gaza, but also is waiting to see credible plans from Israel for security and governance in the territory after the war. Hamas has reemerged in parts of Gaza, Blinken said, and that heavy action by Israeli forces in the southern city of Rafah risks leaving America's closest Mideast ally holding the bag on an enduring insurgency." He said the United States has worked with Arab countries and others for weeks on developing credible plans for security, for governance, for rebuilding' in Gaza, but we haven't seen that come from Israel. ... We need to see that,

US Secy of State Blinken criticises Israel's conduct in war in Gaza

Secretary of State Antony Blinken has delivered some of the Biden administration's strongest public criticism yet of Israel's conduct of the war in Gaza, saying Israeli tactics have meant a horrible loss of life of innocent civilians but failed to neutralise Hamas leaders and fighters and could drive a lasting insurgency. In a pair of TV interviews, Blinken underscored that the United States believes Israeli forces should get out of Gaza, but also is waiting to see credible plans from Israel for security and governance in the territory after the war. Hamas has reemerged in parts of Gaza, Blinken said, and that heavy action by Israeli forces in the southern city of Rafah risks leaving America's closest Mideast ally holding the bag on an enduring insurgency." He said the United States has worked with Arab countries and others for weeks on developing credible plans for security, for governance, for rebuilding' in Gaza, but we haven't seen that come from Israel. ... We need to see that,

Crews prepare for demolition at Francis Scott Key bridge collapse site

After weeks of preparation, crews are scheduled to conduct a controlled demolition Sunday to break down the largest remaining span of the collapsed Francis Scott Key Bridge in Maryland, which came crashing down under the impact of a massive container ship on March 26. Of the crew members, 20 are from India and one is Sri Lankan. The steel span landed on the ship's bow after the Dali lost power and crashed into one of the bridge's support columns shortly after leaving Baltimore. Since then, the ship has been stuck among the wreckage and Baltimore's busy port has been closed to most maritime traffic. Six members of a roadwork crew plunged to their deaths in the collapse. The last of their bodies was recovered from the underwater wreckage earlier this week. All the victims were Latino immigrants who came to the U.S. for job opportunities. They were filling potholes on an overnight shift when the bridge was destroyed. The controlled demolition will allow the Dali to be refloated and ..

G20 summit satisfying, forging friendships most significant: EAM Jaishankar

If closing out the G20 Summit was the most satisfying moment of his career, the most significant was being associated with "enormous changes in some crucial relationships" such as the US, Australia, UAE and Japan during the last five years, Foreign Minister S Jaishankar says. "These relationships have really changed tremendously in the last five years, last decade. And, the growth of the Quad, again that is something that we tried a decade and a half ago, not succeeded, did it a second time. This time it actually, really worked," Jaishankar told PTI in an exclusive interview at the news agency's headquarters. Jaishankar spoke on a range of issues in the nearly hour-long interview including his view of the world in 10 years from now, the challenges faced by India, and the rising profile of the country in the international arena under his watch. Hosting the G20 Summit last year "wasn't just the hard work", because in many ways the "prestige of the country" was riding on it, he said.

America's debt tops $34 trn, but commission to address it appears dead

For Mike Johnson it was effectively a Day 1 priority. It's well past time, the newly elected House speaker said in October, to establish a bipartisan commission to tackle the federal government's growing USD 34.6 trillion in debt. "The consequences if we don't act now are unbearable, he said, echoing warnings from his predecessor and other House Republicans. More than six months later, the proposal appears all but dead, extinguished by vocal opposition from both the right and the left. The collapse underscores an unyielding dynamic in Washington, with lawmakers in both parties loath to consider the unpopular tradeoffs that would be necessary to stem the nation's swelling tide of red ink particularly in an election year. Facing the reality that any fiscal commission would almost certainly suggest that Americans pay more or get less from their government, lawmakers have time and again done what they do so well: punt the problem to the next Congress. And they seem poised to do so ..

Israel may have breached obligations under international law: US report

Despite those rising tensions, US officials have long pushed back against accusations that Israel may have committed war crimes or violations of international humanitarian law in Gaza

US plans to impose new tariffs on EVs, other Chinese green energy imports

The Biden administration plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China, according to a U.S. official and another person familiar with the plan. Tariffs on electric vehicles, in particular, could quadruple from the existing 25% to 100%. The plan was described by the people on condition of anonymity because they were not authorized to provide details ahead of a formal announcement. The tariffs, expected to be announced Tuesday, come as officials across the Democratic administration have expressed frustration over China's manufacturing overcapacity of EVs and other products that they say pose a threat to U.S. jobs and national security. Industrialized nations including the United States and its European allies fear a wave of low-priced Chinese exports will overwhelm domestic manufacturing. On the U.S. side, there is particular concern that China's green energy products will undermine massive ...