Page 24 - Us

India, US to set up mechanism to enable steel exports at concessional rates

The additional tariffs had impacted $1.21 billion worth of India's exports of steel and aluminium to the US in 2018

Fear of being made obsolete grips college-educated workers in the US

Some 22% of workers now fear that they could be sidelined by technology, up from 15% two years ago, says Gallup survey

Oil prices slip on weak Chinese outlook despite US stock drawdown

Brent crude futures fell 19 cents, or 0.2%, to $90.41 a barrel by 11:33 a.m. EDT (1533 GMT), while U.S. West Texas Intermediate crude (WTI) futures fell 17 cents, or 0.2% to $87.36

Trump campaign reports raising more than $7 million after Georgia booking

For former President Donald Trump, a picture is worth... more than USD 7 million. Trump's campaign says he has raised USD 7.1 million since Thursday when he was booked at the Fulton County Jail in Georgia on charges that he illegally schemed to overturn the 2020 election in the state and became the first former president in US history to ever have a mug shot taken. Spokesman Steven Cheung said that, on Friday alone, the campaign brought in USD 4.18 million its highest-grossing day to date. The record haul underscores how Trump's legal woes have been a fundraising boon for his campaign, even as his political operation has spent tens of millions on his defence. The mounting legal charges have also failed to dent Trump's standing in the Republican presidential primary, with the former president now routinely beating his rivals by 30 to 50 points in polls. While Trump described his appearance Thursday as a terrible experience and said posing for the historic mug shot was not a ...

Migrating students flying into a debt trap? Experts advise caution

The competition is getting tougher by the year, and the number of Indian students travelling overseas for education has been increasing rapidly increasing post-Pandemic

Hamid Karzai urges Taliban to reopen schools, universities for girls

Karzai urged all to educate their children, including girls. He called on the Taliban to open schools for girls and promote nationwide education for true independence

US 30-year fixed mortgage rate jumps to near 21-year high, shows data

The average 15-year rate also jumped to 6.46 per cent. It was up from 6.34 per cent the week prior and was also the highest level since April 2002

US, Japan, S Korea agree on new security pledge ahead of Camp David summit

The United States, Japan and South Korea are set to sign on to a new security pledge, committing the three countries to consult with each other in the event of a security crisis or threat in the Pacific, according to Biden administration officials. Details about the new duty to consult commitment emerged as President Joe Biden prepared Friday to welcome South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida for a summit at the Camp David presidential retreat in Maryland. The move is one of several joint efforts that the leaders are expected to announce at the daylong summit, as the three countries look to tighten security and economic ties amid increasing concerns about North Korea's persistent nuclear threats and Chinese provocations in the Pacific. Kishida, before departing Tokyo on Thursday, told reporters the summit would be a historic occasion to bolster trilateral strategic cooperation with Seoul and Washington. I believe it is extremely meaningful to

Maui's emergency services chief resigns amid criticism for no fire sirens

The head of the Maui Emergency Management Agency resigned abruptly Thursday, a day after saying he had no regret about not using sirens to warn residents of wildfires that devastated the historic seaside community of Lahaina and killed at least 111 people. That decision from the agency directed by Administrator Herman Andaya, coupled with water shortages that hampered firefighters and an escape route that became clogged with vehicles, has brought intense criticism from many residents. The lack of sirens has emerged as a potential misstep, and The Associated Press reported that it was part of a series of communication issues that added to the chaos. Mayor Richard Bissen accepted Andaya's resignation effective immediately, the County of Maui announced on Facebook. Andaya cited unspecified health reasons, with no further details provided. Given the gravity of the crisis we are facing, my team and I will be placing someone in this key position as quickly as possible, Bissen said in the

US court denies 26/11 attacks accused Rana's plea against extradition

A US court has denied the writ of habeas corpus filed by Pakistani-origin Canadian businessman Tahawwur Rana, paving the way for US Secretary of State Antony Blinken to issue a certification for him to be extradited to India where he is sought for his involvement in the 2008 Mumbai terror attacks. In a major victory for India's fight in bringing the perpetrators of the 26/11 Mumbai attacks to justice, a US court approved 62-year-old Rana's extradition to India in May. In June this year, Rana, who is currently detained at the Metropolitan Detention Centre in Los Angeles, filed a writ of habeas corpus challenging the court order that acceded to the request of the US government that the 2008 Mumbai terror attacks accused be extradited to India. The court has denied Tahawwur Rana's petition for writ of habeas corpus by a separate order, Judge Dale S Fischer, United States District Judge, Central District of California, wrote in his order on August 10. However, Rana has filed an appeal

Global shares sink after US Fed notes dent hopes of rate hikes ending

Global stocks followed Wall Street lower Thursday after notes from a US Federal Reserve meeting dented hopes interest rate hikes are finished. London, Hong Kong, Paris and Seoul declined. Shanghai and Wall Street futures advanced. Oil prices rose. Wall Street's benchmark S&P 500 lost 0.8% on Wednesday after minutes from the Fed's latest meeting suggested board members are unsure what to do after raising their key lending rate to a two-decade high. Traders had hoped the board would decide inflation was under control and last month's rate hike was the last. Fed officials face a tough balancing act between the risk of an inadvertent over-tightening of policy against the cost of an insufficient one, said Tan Boon Heng of Mizuho Bank in a report. In early trading, the FTSE 100 in London fell 0.3% to 7,332.01. The CAC 40 in Paris lost 0.4% to 7,233.00 and the DAX in Frankfurt retreated 0.3% to 15,738.25. On Wall Street, futures for the S&P 500 and the Dow Jones Industrial Average ...

Hawaii governor vows to block land grabs as fire-ravaged Maui rebuilds

Hawaii Gov. Josh Green vowed to keep the land in local people's hands" after a deadly wildfire that incinerated a historic Maui community, as the island's schools began reopening and traffic resumed on a major road. Green said at a Wednesday news conference that he had instructed the state attorney general to work toward a moratorium on land transactions in Lahaina, which he acknowledged will come with legal challenges. My intention from start to finish is to make sure that no one is victimised from a land grab, Green said. People are right now traumatised. Please do not approach them with an offer to buy their land. Do not approach their families saying they'll be much better off if they make a deal. Because we're not going to allow it. Also Wednesday, the number of dead reached 111, and Maui police said nine victims had been identified, and the families of five had been notified. A mobile morgue unit with additional coroners arrived Tuesday to help process and identify ...

Biden's approval rating stagnates despite slowing inflation: Polls

President Joe Biden has devoted the past several weeks to promoting the positive impacts of his policies but his efforts have yet to meaningfully register with the public. Only 36 per cent of U.S. adults approve of Biden's handling of the economy, slightly lower than the 42 per cent who approve of his overall performance, according to the new poll from The Associated Press-NORC Center for Public Affairs Research. Both figures are close to where Biden's approval numbers have stood for about the past year and a half, including just two months ago. Signs of an improving economic outlook have done little to sway how people feel about the Democratic president as he gears up for a 2024 reelection campaign that could pit him against his predecessor and 2020 opponent, Republican Donald Trump. Job growth has stayed solid with the unemployment rate at 3.5 per cent, while the pace of inflation has slowed sharply over the past year to the annual rate of 3.2 per cent. Both Biden and Trump have

India extending insights from its progress beyond its borders: US diplomat

India has come a long way from receiving US help to meet its food security needs to now becoming an exporter and is extending insights from its remarkable development progress to countries well beyond its borders, a top American diplomat has said. In her address to the US Indo-Pacific Command Chiefs of Defense (CHOD) Conference in Fiji on Wednesday, United States Agency for International Development (USAID) Administrator Samantha Power said investments in one country can often yield benefits in other nations. She applauded India's efforts to help other countries. Investments we make in one country can often yield benefits in others. Take food security. In India, starting in the 1960s, we worked with scientists and local farmers to develop and distribute high-yield, resilient seeds. Over the next two decades, those seeds helped to increase rice production in India by 50 per cent and wheat production by 230 per cent, ending a cycle of recurring famine and helping kick off a Green ...

2 victims of the deadly Maui wildfire identified, death toll rises to 106

Follow live updates about wildfires that have devastated parts of Maui in Hawaii, killing dozens of people and destroying the historic town of Lahaina. The wildfires are the deadliest in the US in more than a century. The cause was under investigation. Even where the fires have retreated, authorities have warned that toxic byproducts may remain, including in drinking water, after the flames spewed poisonous fumes. 2 VICTIMS OF LAHAINA WILDFIRE IDENTIFIED AS THE DEATH TOLL RISES TO 106 Maui County released the names of two people killed in the wildfire that all but incinerated the historic town of Lahaina Tuesday evening, as the death toll rose to 106. A mobile morgue unit arrived on Tuesday to help Hawaii officials working painstakingly to identify remains, as teams intensified the search for more dead in neighbourhoods reduced to ash. The US Department of Health and Human Services deployed a team of coroners, pathologists and technicians along with exam tables, X-ray units and oth

M&M unveils new range of small tractors; eyes doubling tractor exports

Auto major Mahindra & Mahindra on Tuesday unveiled a new range of small-sized tractors targeting new geographies as it aims to treble its tractor exports in the next three years, according to a top company official. The Mumbai-based auto major, which is the world's largest tractor maker by volume terms, exported around 18,000 tractors last fiscal. The company said it has invested Rs 1,200 crore on developing the OJA platform which consists of four platforms that could churn out 40 different trims in the 20-70 hp power output. The company aims to cater to the needs of farmers with small land parcels, especially in India, US and ASEAN region with the new range. Mahindra & Mahindra President Farm Equipment Sector Hemant Sikka said the OJA brand would help in enhancing the company's share in the market while helping it enter new markets. "We are looking to double our export volume in three years. One of the major enablers for achieving the target would be the OJA tractors which ..

US recognises India's enormous intellectual capital: Policy expert Sowle

America recognises India's enormous intellectual capital, and integrating India with the manufacturing ecosystem in core sectors like semiconductor will be key, according to policy thinktank founder Guruprasad Sowle. He said that the US is no longer looking at India only as a destination for services. Sowle, who heads Indus International Research Foundation (IIRF), had met Prime Minister Narendra Modi during his state visit to the US in June. "Even if it means transfer of technology from US to India, gradually that will happen because there are certain technologies that America was not really forthcoming in terms of sharing but after this visit by the Prime Minister, there is a considerable shift towards manufacturing in India," Sowle said. He noted that there was a paradigm shift where the US is no longer seeing India only as a destination for services. "They are seeing India to step up in core sectors, especially aerospace and defence, automotive, healthcare, artificial intellig

Uncovered! A plot laid out for Donald Trump to overturn Biden's win

Trump may be on trial in 2024 in three or four separate criminal cases, but so far the indictments appear not to have affected his standing with Republican voters

Powerful storm kills 2 people, leaves 1.1 mn without power in eastern US

At least two people died, thousands of U.S. flights were canceled or delayed, and more than 1.1 million homes and businesses lost power Monday as severe storms, including hail and lightning, moved through the eastern U.S. The National Weather Service issued a tornado watch for the greater D.C. area, lasting until 9 p.m. A special Weather Service statement warned, There is a significant threat for damaging and locally destructive hurricane-force winds, along with the potential for large hail and tornadoes, even strong tornadoes. The storms' spread was massive, with tornado watches and warnings posted across 10 states from Tennessee to New York. The National Weather Service said more than 29.5 million people were under a tornado watch Monday afternoon. In Anderson, South Carolina, a 15-year-old boy who arrived at his grandparent's house during the storm was struck and killed when a tree fell on him as he got out of a car, according to the Anderson County Office of the Coroner. In ...

Moody's cuts 10 US banks on back of mounting funding costs, office exposure

"Collectively, these three developments have lowered the credit profile of a number of US banks, though not all banks equally," it wrote in some of the assessments