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Stellantis $13 bn US investment plan gains support from investors

The plan, announced late on Tuesday, would help buffer the group from US tariffs, an impact the French-Italian-American group had estimated in July at about $1.7 billion this year

Tesla urges Delaware Supreme Court to restore Musk's $56 billion payday

One of the biggest corporate legal battles entered its final stage after a lower court judge rescinded the Tesla CEO's record compensation in January 2024

US tech startup Anthropic unveils cheaper model to widen AI's appeal

Anthropic's annual revenue run rate - a calculation of annual revenue extrapolated from the current sales pace- is almost $7 billion, the spokesperson said

New Nato members Finland and Sweden to buy more US arms for Ukraine

NATO's two newest members, Finland and Sweden, said Wednesday that they would buy more weapons from the United States to give to Ukraine, a day after data showed that foreign military aid to the war-torn country had declined sharply in recent months. Over the summer, NATO started to coordinate regular deliveries of large weapons packages to Ukraine to help fend off Russia's war. The aim was to send at least one load a month of targeted and predictable military support, each worth around USD 500 million. Spare weapons stocks in European arsenals have all but dried up, and NATO diplomats have said that the United States has around USD 10-USD 12 billion worth of arms, air defence systems and ammunition that Ukraine could use. Under the financial arrangement known as the Prioritised Ukraine Requirements List, or PURL European allies and Canada are buying American weapons to help Kyiv keep Russian forces at bay. About USD 2 billion worth has already been allocated. Finland's defence .

India Post resumes mail services to US from Oct 15 with 50% duty

India Post will restart sending mail and packages to the US but all shipments will pay extra after the US imposed a flat 50% duty

Kremlin warns the West over 'dramatic' escalation moment in Ukraine war

Tomahawk missiles have a range of 2,500 km (1,550 miles), meaning Ukraine would be able to use them for long-range strikes deep inside Russia, including Moscow

China warns US to stop trade threats, signals retaliation over tariffs

President Donald Trump on Friday announced an additional 100% tariff on China as well as export controls on "any and all critical software" beginning Nov. 1

Ceasefire holds in Gaza ahead of hostage release, Trump's visit to Israel

Thousands of Palestinians continued to travel north towards Gaza City, the focus of Israeli attacks over the past two months, hopeful the ceasefire would bring an end to the war

4 people killed, 20 injured in shooting at bar in South Carolina: Report

A mass shooting at a crowded bar on an idyllic South Carolina island has left four people dead and at least 20 injured, officials say. The shooting occurred early Sunday at Willie's Bar and Grill on St. Helena Island, officials said. A large crowd was at the scene when sheriff's deputies arrived and found several people suffering from gunshot wounds. Multiple victims and witnesses ran to the nearby businesses and properties seeking shelter from the gunshots, the Beaufort County Sheriff's Office said in a statement on the social media platform X. This is a tragic and difficult incident for everyone. We ask for your patience as we continue to investigate this incident. Our thoughts are with all of the victims and their loved ones, the statement said. Four people were found dead at the scene, and at least 20 other people were injured. Among the injured, four were in critical condition at area hospitals. The victims' identities were not released.

Inflation beaten, Fed cuts rates, but prices remain high: Donald Trump

Inflation has risen in three of the last four months and is slightly higher than it was a year ago, when it helped sink then-Vice President Kamala Harris' presidential campaign. Yet you wouldn't know it from listening to President Donald Trump or even some of the inflation fighters at the Federal Reserve. Trump told the United Nations General Assembly late last month: Grocery prices are down, mortgage rates are down, and inflation has been defeated. And at a high-profile speech in August, just before the Fed cut its key interest rate for the first time this year, Federal Reserve Chair Jerome Powell said: Inflation, though still somewhat elevated, has come down a great deal from its post-pandemic highs. Upside risks to inflation have diminished. Yet dismissing or even downplaying inflation while it is still above the Fed's target of 2 per cent poses big risks for the White House and the Federal Reserve. For the Trump administration, it could find itself on the wrong side of a potent

Putin praises Trump's peace efforts even after failing to win Nobel Prize

Russian President Vladimir Putin on Friday praised US President Donald Trump's peace efforts, despite not winning a Nobel, and voiced hope for securing an agreement to extend a pivotal nuclear arms pact with Washington for another year. Asked by reporters whether he thinks Trump was unjustly passed over for the Nobel Peace Prize in favour of Venezuelan opposition leader Maria Corina Machado, Putin replied he wasn't the one to decide but extolled Trump's efforts toward a ceasefire in Gaza and in Ukraine. He's really doing a lot to resolve such complex crises that have lasted for years and even decades, Putin said of Trump while in Dushanbe, Tajikistan, for a summit of former Soviet nations. He added that if the Gaza ceasefire deal is carried out, it would mark a historic" achievement. The Russian leader didn't comment on Machado's win, but he said without mentioning any names that the Nobel Committee in the past has awarded the prize to those who have accomplished little to help glob

US online retailers delist millions of banned Chinese electronic items

Earlier this week, the FCC said it plans to vote this month to tighten restrictions on telecommunications equipment made by Chinese companies deemed national security risks

AstraZeneca to strike landmark drug price deal with Trump administration

The deal is expected to be announced at the White House on Friday, said the people, who spoke on condition of anonymity because the plans are not yet public

US sanctions Serbia's main oil supplier, which is controlled by Russia

The United States has introduced sanctions against Serbia's main oil supplier, which is controlled by Russia, the company said on Thursday. Serbia almost entirely depends on Russian gas and oil supplies, which it receives mainly through pipelines in Croatia and other neighbouring states. The gas is then distributed by Petroleum Industry of Serbia (NIS), which is majority-owned by Russia's state oil monopoly Gazprom Neft. NIS said Thursday it had failed to secure another postponement of the US sanctions, which could jeopardise its efforts to secure oil and gas deliveries in a longer term. The special license from the US Department of the Treasury, which enables unhindered operational business, has not yet been extended, NIS said in a statement. It added that it has stored enough supplies to keep the operation moving for customers for a longer while. It also said problems could occur at NIS gasoline stations with payment made by foreign bank credit cards but added that that cash ...

Trump's $100,000 H-1B visa fee may hurt US universities and schools

Higher education leaders and public-school superintendents say they depend on skilled foreign workers to fill critical roles

Lupin to invest $250 mn in new US facility for critical respiratory drugs

Drug firm Lupin on Wednesday said it will set up a new manufacturing facility in Coral Springs, Florida, entailing an investment of USD 250 million. With a projected cumulative investment of USD 250 million, including research & development, infrastructure and capital expenditures over a five-year period, the new site will have the capacity to accommodate the production of more than 25 critical respiratory medicines, the Mumbai-based drug maker said in a regulatory filing. The Florida-based plant would produce products like albuterol inhalers for children with asthma, it added. By strengthening domestic manufacturing and enhancing supply chain diversification, this critical project will enhance medicine security and strengthen the company's position as a global respiratory leader, it said. Locally, the infrastructure will generate over 200 new long-term, skilled jobs by 2030 in Broward County. "The expansion of Lupin's footprint in Coral Springs is a core part of our growth ...

Trump calls for jailing Chicago mayor, Illinois Guv before troop deployment

Trump has frequently called for jailing his opponents since he first entered politics in 2015, but Comey is the first to face prosecution

Nvidia to keep sponsoring H-1B visas despite Trump's new $100K fee: Report

Trump's order bars new H-1B recipients from entering the United States unless the employer sponsoring their visa has made an additional $100,000 payment

Trump says Putin's offer on nuclear arms control 'sounds like a good idea'

US Vice President JD Vance said last month that Washington was considering a Ukrainian request to obtain missiles that could strike deep into Russia, including Moscow

Mass layoffs will start if shutdown talks 'going nowhere': White House

Trump described the potential job cuts on Sunday as 'Democrat layoffs,' telling reporters, Anybody laid off that's because of the Democrats