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Meta rolling out its paid verification in US for Instagram, Facebook users

Meta CEO Mark Zuckerberg has announced that the company is rolling out its paid subscription plan for Facebook and Instagram to users based in the US

Banking crisis impact: Rate cut in US prerequisite for sustained gold rally

The current surge in prices of yellow metal, sparked by the banking crisis, may be followed by a period of volatility

US manufacturing output ekes out gains in Feb due to high interest rate

The Institute for Supply Management's measure of national manufacturing activity has contracted for four straight months

TikTok can threaten America's safety, national security: White House

Chinese-owned video hosting service TikTok can threaten America's safety and its national security, the White House said on Thursday

In a first, Indian-American to serve as Assistant Secy of US Air Force

His nomination was advanced by Senator Amy Klobuchar, who said that Chaudhary has the qualifications and experience needed for this critical role

China accuses US of spreading disinformation, suppressing TikTok

China accused the United States on Thursday of spreading disinformation and suppressing TikTok following reports that the Biden administration was calling for its Chinese owners to sell their stakes in the popular video-sharing app. The U.S. has yet to present evidence that TikTok threatens its national security and was using the excuse of data security to abuse its power to suppress foreign companies, Foreign Ministry spokesperson Wang Wenbin told reporters at a daily briefing. The U.S. should stop spreading disinformation about data security, stop suppressing the relevant company, and provide an open, fair and non-discriminatory environment for foreign businesses to invest and operate in the U.S., Wang said. TikTok was dismissive Wednesday of a report in The Wall Street Journal that said the Committee on Foreign Investment in the U.S., part of the Treasury Department, was threatening a U.S. ban on the app unless its owners, Beijing-based ByteDance Ltd., divested. If protecting ..

With Saudi deals, US, China are now battling for influence in Mideast

In a matter of days, Saudi Arabia carried out blockbuster agreements with the world's two leading powers, signing a Chinese-facilitated deal aimed at restoring diplomatic ties with its arch-nemesis Iran and announcing a massive contract to buy commercial planes from US manufacturer Boeing. The two announcements spurred speculation that the Saudis were laying their marker as a dominant economic and geopolitical force with the flexibility to play Beijing and Washington off each other. They also cast China in an unfamiliar leading role in Middle Eastern politics. And they raised questions about whether the US-Saudi relationship frosty for much of the first two years of President Joe Biden's term has reached a dtente. But as the Biden administration takes stock of the moment, officials are pushing back against the notion that the developments amount to a shift in the dynamics of the US-China competition in the Middle East. The White House scoffs at the idea that the big aircraft deal

Mizoram exports bird's eye chilli to US for first time to expand the market

Mizoram has exported locally grown bird's eye chilli', a Mizo organic chilli, to the United States for the first time as part of an initiative to expand the market and boost farmers' income, an official said on Wednesday. State Agriculture Minister C. Lalrinsanga flagged off 7.5 metric ton of typical Mizo chilli to the US from south Mizoram's Lunglei district on Tuesday, the official said. The organic chilli was harvested by farmers from the three southern districts of Lunglei, Siaha and Lawngtlai, she said. The shipment is being transported to Visakhapatnam in Andhra Pradesh from where it will be sent to Nevada in the US, she said. The initiative was taken jointly by International Competence Centre for Organic Agriculture (ICCOA) under Mission Organic Value Chain Development for North Eastern Region (MOVCD-NER) and Mission Organic Mizoram (MOM) of the agriculture department. Flagging off the consignment, Lalrinsanga congratulated the Farmer Producer Companies (FPCs) for successf

EU closer to end trade dispute with US, moves on Green Deal funds

The European Union moved closer to ending a trade dispute with US President Joe Biden on Wednesday following months of wrangling over the billions of America-first incentives in his clean technology plans and said it would ramp up a similar subsidy-laden effort at home. European Commission President Ursula von der Leyen told the parliament plenary that in its attempt to produce at least 40 per cent of the clean tech needed by 2030 in the 27-nation bloc, it would allow for the tax breaks and the flexible use of EU funds on top of simplifying and speeding up industrial approvals. She spoke of a striking symmetry between the US efforts and the European Green Deal plans. Both of them are simultaneously a climate strategy and a strategy for investment and growth, von der Leyen said. Her upbeat comments came on the eve of the European Commission, the EU's executive arm, tabling plans for the Net-Zero Industry Act on industrial incentives and a Critical Raw Materials Act, which seeks to .

US, UK, Oz leaders unveil nuclear submarine deal to counter China

The programme will cost up to A$368 billion ($245 billion) over the next three decades, a defence official said on Tuesday, the country's biggest single defence project in history

US, Australia and UK ink submarine deal to counter Chinese aggression

The United States, Australia and the United Kingdom has announced a nuclear-powered submarine deal, a step aimed at countering the Chinese aggressive behavior in the Indo-Pacific region. The announcement was made after the leaders of the three countries attended a summit meeting in San Diego on Monday and asserted that the move is to keep the Indo-Pacific region free and open. With the support and approval of the Congress, beginning in the early 2030s, the United States will sell three Virginia-class submarines to Australia with the potential to sell up to two more if needed, jumpstarting their undersea capability a decade earlier than many predicted, Biden said in San Diego with Australian Prime Minister Anthony Albanese and British Prime Minister Rishi Sunak. This state-of-the-art conventionally armed nuclear-powered submarine will work -- that will combine the UK submarine technology and design with the American technology, he said. Australia's future SSN, which Biden described

No federal bailout for Silicon Valley Bank: US Treasury Secy Janet Yellen

Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money. The Federal Deposit Insurance Corporation insures deposits up to USD 250,000, but many of the companies and wealthy people who used the bank known for its relationships with technology startups and venture capital had more than that amount in their account. There are fears that some workers across the country won't receive their paychecks. Yellen, in an interview with CBS' Face the Nation, provided few details on the government's next steps. But she emphasised that the situation was much different from the financial crisis almost 15 years ago, which led to bank bailouts to protect the industry. We're not going to do that again," she said. "But we are concerned about depositors, and we're focused on trying to meet their needs. Yellen tried to reassure Americans that there will be no domino effect afte

China appoints US-sanctioned general Li Shangfu as new defence minister

The appointment of Li Shangfu as defence minister comes at a time of increasingly strained relations between Beijing and Washington

US toy retailer, ToysRUs enters India for the 2nd time, opens first store

Its online store toyrus.in and it will also sell exclusively on ecommerce platforms, Flipkart and Myntra.

What could go wrong? Oscars team prepares for anything after Smith slap

For the first time, the Academy of Motion Picture Arts and Sciences has created a crisis team to respond to any mishaps

India, US to examine CEO forum recommendations to boost economic ties

India and the US will examine the recommendations of the CEO forum for appropriate action to enhance economic ties between the two countries. Commerce and Industry Minister Piyush Goyal and US Secretary of Commerce Gina Raimondo on Friday chaired the India-US CEO Forum meet. According to a joint statement issued after the India-US commercial dialogue on Friday, both governments would "examine the CEO recommendations for appropriate action to enhance the economic landscape and ties between India and the US". Raimondo was here on a four-day visit to attend the meeting and India-US commercial dialogue. She was accompanied by 10 CEOs of US companies. The last meeting of the forum was held virtually in November 2022. It is a platform for dialogue across key sectoral themes and to identify areas for closer collaboration for mutual benefit of both economies. The forum, comprising CEOs from leading Indian and US-based companies, is co-chaired by N Chandrasekaran, Chairman of Tata Sons and

New dialogues can unlock new era in India-US business ties: USIBC

Welcoming the announcements on the US-India Strategic Trade Dialogue and an agreement on semiconductors, US India Business Council on Friday said such initiatives have the potential to unlock a new era of business-to-business cooperation. During the visit of US Commerce Secretary Gina Raimondo to New Delhi, the two countries announced the start of the US-India Strategic Trade Dialogue and signed an MOU on semiconductors. The dialogue adds momentum to the work being done under the US-India Initiative on Critical and Emerging Technologies (iCET), said USIBC president Atul Keshap. These are moves welcomed by the industry, who have long encouraged both governments to reinvigorate talks around high-technologies and export controls to remove barriers to greater business partnerships in advanced sectors, he said. Addressing the issues around export controls and technology transfers is a critical step to unleashing the ambitions of the private sector. If these dialogues succeed, they can .

India-US goods & services trade doubled since 2014, surpasses $191 bn

Raimondo attended the meeting before leaving for the US on Friday. She had arrived in India on March 7 at the invitation of the Indian government

US applies more sanctions over Iran shadow banking, drone network

The United States on Thursday announced more sanctions against people and firms associated with Iran and with what it said was an illicit banking network used to conceal transactions. The U.S. said it placed the penalties on 39 firms linked to a shadow banking system that helped to obfuscate financial activity between sanctioned Iranian firms and their foreign buyers, namely for petrochemicals produced in Iran. The Treasury Department said the companies from Hong Kong to the United Arab Emirates made up a significant shadow banking' network that gave cover to sanctioned Iranian entities to disguise petrochemical sales with foreign customers. Today's action demonstrates the United States' commitment to enforcing our sanctions and our ability to disrupt Iran's foreign financial networks, which it uses to launder funds, Treasury Deputy Secretary Wally Adeyemo said. Secretary of State Antony Blinken said in a written statement that the U.S. will continue to disrupt attempts to evade

India, US to launch strategic trade dialogue to address export controls

In a significant move, India and the US on Thursday decided to launch a strategic trade dialogue to address export controls, explore ways of enhancing high technology commerce, and facilitate technology transfers. The decision to launch the new framework of dialogue was taken at a meeting between External Affairs Minister S Jaishankar and visiting US Commerce Secretary Gina Raimondo, according to the Ministry of External Affairs (MEA). "The external affairs minister and secretary Raimondo agreed to launch a India-US Strategic Trade Dialogue, led by Foreign Secretary from Ministry of External Affairs of India and Under Secretary, Bureau of Industry and Security in US Department of Commerce," the MEA said. "The Strategic Trade Dialogue will address export controls, explore ways of enhancing high technology commerce, and facilitate technology transfer between the two countries," it said. The MEA said Jaishankar and Raimondo had a productive discussion about the India-US strategic ...