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US auto sales seen rising 6% in Oct quarter as EV demand surges

Market research firm Cox Automotive expects US new vehicle sales to be about 4.14 million units for July-September, compared with 3.9 million in the same period last year

US government shutdown looms as lawmankers' talks fail to reach deal

The Republican-controlled Senate is expected to vote on a temporary spending bill that has failed once already, with no sign that a second vote will bring success

Amazon to pay $2.5 billion to settle Prime deception allegations

Of that, $1.5 billion will go into a fund to repay eligible Prime subscribers and Amazon will not admit wrongdoing as part of the settlement, the FTC said

US mulls supplying long-range Tomahawk missiles to Ukraine, says JD Vance

Tomahawk missiles have a range of 2,500 km (1,550 miles), and would be a powerful asset in Ukraine's arsenal as it fights back against regular barrages of Russian missile and drone attacks

Echoes of 2007 grow louder as risky debt, buyouts raise concerns

There are some key differences between now and 2007. Banks are more heavily regulated and have larger equity cushions. Consumers haven't borrowed as much this time around

Donald Trump to meet top Democrats as both sides dig in on shutdown

The bill at issue would only fund the government until mid-November and must pass before Oct. 1

US tells India that Russian oil curbs are key to trade deal progress

While trade negotiations are on a positive track, a US official said, more work is needed to ensure India addresses US concerns over market access, the trade deficit and purchases of Russian oil

US prosecutors allege India agent also plotted murder in Pakistan or Nepal

The Department of Justice last year accused Nikhil Gupta, an Indian national, of attempting to assassinate a US citizen of Sikh faith in New York

Brightcom partners with US firm CQT to co-develop AI defence tech

Tech firm Brightcom Group on Friday said it has inked a strategic initial pact with US-based defence manufacturer CQT Weapon Systems to co-develop defence technology. Concurrently, the tech firm's defence vertical, Brightcom Defence, is unveiling its portfolio of indigenously developed unmanned aerial vehicles (UAVs) and the Maestro OS, an AI-powered defence operating system, a company statement said. Brightcom Group Ltd on Friday announced the signing of a memorandum of understanding (MoU) with CQT Weapon Systems, a renowned defence manufacturer based in Michigan, US, according to the statement. This strategic MoU marks a significant advancement for Brightcom's established defence vertical, it added. The agreement lays the groundwork for the two companies to collaborate on the joint development of advanced tactical hardware and AI-enabled systems, combining Brightcom's expertise in artificial intelligence and software with CQT's proven defence manufacturing capabilities. The Boar

US economy shows surprising 3.8% growth rate after major revision of Q2 GDP

The US economy expanded at a surprising 3.8 per cent from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. US gross domestic product the nation's output of goods and services rebounded in the spring from a 0.6 per cent first-quarter drop caused by fallout from President Donald Trump's trade wars, the Commerce Department said Thursday. The department had previously estimated second-quarter growth at 3.3 per cent. The first-quarter GDP drop, the first retreat of the US economy in three years, was mainly caused by a surge in imports which are subtracted from GDP as businesses hurried to bring in foreign goods before Trump could impose sweeping taxes on them. That trend reversed as expected in the second quarter: Imports fell at a 29.3 per cent pace, boosting April-June growth by more than 5 percentage points. Consumer spending rose at a 2.5 per cent pace, up from 0.6 per cent in the first quarter and well above the

India urges US to ease Iran oil sanctions to offset reduced Russian imports

New Delhi's representatives traveled to the US for talks after Washington imposed crushing tariffs on the country in punishment for its oil trade with Russia

Iran president blames US, Israel for peace setback as sanctions loom

Addressing the world's leaders, Iranian President Masoud Pezeshkian on Wednesday blamed the United States and Israeli attacks for dealing a grievous blow to peace negotiations as Tehran braces for the reinstatement of sanctions in the next week, barring a last-minute diplomatic breakthrough. Hours before his speech, Iran's rial currency fell to a new all-time low. Pezeshkian's remarks before the UN General Assembly are the first in a global forum since the 12-day Israel-Iran war over the summer that saw the assassination of many of the Islamic Republic's highest military and political leaders and broke down weeks of negotiations with the United States. Ladies and gentlemen, you all bore witness that this past June, my country was subjected to a savage aggression and flagrant contravention of the most elementary principles of international law, said the president, who within Iran's political landscape is considered a moderate politician. Pezeshkian is in New York as Tehran seeks to .

China rejects Trump's criticism, says US and EU also trade with Russia

Dismissing US President Donald Trump's criticism that India and China are the "primary funders" of the Ukraine war through purchases of Russian oil, Beijing on Wednesday pointed out that America and the European Union are also engaging in trade with Moscow. Addressing a media briefing here, Chinese Foreign Ministry spokesperson Guo Jiakun warned that Beijing will take countermeasures to safeguard its interests if its companies' normal trade with Russia is obstructed, as he rejected Trump's criticism. An overwhelming number of countries, including the US and EU, are engaging in trade with Russia, he said, reminding the American leader that Washington too is indulging in trade with Moscow. Chinese and Russian companies' normal exchanges and cooperation are in line with the World Trade Organisation (WTO) rules and market principles, Guo said, adding that Beijing's actions are not targeted against any third party and "should not be interfered with and influenced". He also reiterated th

Al Gore unveils satellite and AI system to track deadly soot pollution

Soon people will be able to use satellite technology and artificial intelligence to track dangerous soot pollution in their neighbourhoods and where it comes from in a way not so different from monitoring approaching storms under plans by a nonprofit coalition led by former Vice President Al Gore. Gore, who started Climate TRACE, which uses satellites to monitor the location of heat-trapping methane sources, on Wednesday expanded his system to track the source and plume of pollution from tiny particles, often referred to as soot, on a neighbourhood basis for 2,500 cities across the world. Particle pollution kills millions of people worldwide each year and tens of thousands in the United States according to scientific studies and reports. Gore's coalition uses 300 satellites, 30,000 ground-tracking sensors and artificial intelligence to track 1,37,095 sources of particle pollution, with 3,937 of them categorised as super emitters for how much they spew. Users can look at long-te

No violations: Sebi's finding in the Adani-Hindenburg case explained | Gautam Adani | Adani Group

India’s market regulator SEBI has dismissed allegations made by US-based short seller Hindenburg Research against the Adani Group.

UK plans visa fee waiver to attract global science and tech talent: Report

The UK government is looking at bolstering a drive to attract global talent with a possible visa fee waiver to support the world's top science and tech talent relocation to the country, a media report said on Monday. The Global Talent Taskforce, backed up by a 54-million-pound Global Talent Fund launched earlier this year, is revving up further to lure international experts, including Indians, even as the US announced a clampdown on its H-1B visas used by global techies, according to a Financial Times' report. The taskforce, which reports directly to Prime Minister Keir Starmer and Chancellor Rachel Reeves, works across 10 Downing Street and the UK Treasury to explore ways to boost the UK's economic growth. "We're kicking around the idea of cutting (visa) costs to zero, the newspaper quoted a government official as saying. "We're talking about the sort of people who have attended the world's top five universities or have won prestigious prizes, the official said. It comes as Presi

US seeks to break up Google's digital ad business in new antitrust trial

After deflecting the US Justice Department's attack on its illegal monopoly in online search, Google is facing another attempt to dismantle its internet empire in a trial focused on its abusive tactics in digital advertising. The trial scheduled to begin Monday in an Alexandria, Virginia, federal court will revolve around the harmful conduct that resulted in US District Judge Leonie Brinkema declaring parts of Google's digital advertising technology to be an illegal monopoly. The judge found that Google has been engaging in behaviour that stifles competition to the detriment of online publishers that depend on the system for revenue. Google and the Justice Department will spend the next two weeks in court presenting evidence in a remedy trial that will culminate in Brinkema issuing a ruling on how to restore fair market conditions. Although the judge hasn't set a timetable for making that decision, it's unlikely to come down before the end of this year because additional legal brief

US clarification on H-1B calms tech nerves, but deferred impact feared

The Indian IT industry breathed a lot easier on Sunday after the US government clarified that the H-1B visa application fee hike applies only to new applicants and does not affect the existing visa holders or renewals. While some industry experts noted that they foresee no immediate adverse impact over the next 6-12 months as the hike takes effect only in the upcoming application cycle, others cautioned that the delay notwithstanding, there will be a deferred impact requiring eventual reassessment of business strategies by the IT companies, if the rule stays. "For the next six months to one year, there'll be no impact because for last year, they (companies) already filed H-1B petitions and the lottery system will operate. "It's only for a petition filed for now... If you file a new petition, it takes six months to one year for it to come up," former Infosys CFO and industry veteran Mohandas Pai said. He added: "So, there's no worry for the next six months to one year, and after tha

Trump's $100,000 H-1B visa fee sparks confusion among companies, workers

The memo said that Goldman was working with its lawyers 'to review the specifics of the order as more detail becomes available to communicate with you accordingly'

US judge dismisses Trump's $15 bn defamation suit against New York Times

US District Judge Steven Merryday in Tampa, Florida said Trump's complaint violated a federal civil procedure rule requiring a short and plain statement of why he should prevail