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US, India welcome growing energy cooperation in SCEP ministerial meeting

The Ministry of Petroleum and Natural Gas said that the two sides also recognised the importance of producing green hydrogen as a critical energy source

ChatGPT can officiate your wedding, US couple finds new use for the chatbot

A couple in Colorado, US shared personal information with the chatbot so that it could officiate their wedding

US inflation decelerates to 3%, core CPI rises less than forecast

The consumer price index rose 3% last month from a year ago, according to data out Wednesday from the Bureau of Labor Statistics. From May, it advanced 0.2%

ADIB raises $750 million in US dollar-denominated tier-one perpetual sukuk

Abu Dhabi Islamic Bank (ADIB) announced today that it has successfully raised 750 million USD in the world's first dollar-denominated additional tier-one (AT1) perpetual sukuk issued since March 2023

Chemical Weapons Destroyed, But Threat Remains

What is a chemical weapon, why is the world better off without it and what threat remains? Watch the video to find out

TPG to buy Forcepoint's govt cyber unit in $2.45 billion deal: Report

The acquisition would hand TPG control of Forcepoint Global Governments and Critical Infrastructure, which focuses on key infrastructure for US government and federal agencies

Oil falls by 1% on China, US economic data, but OPEC+ cuts limit fall

Brent crude futures fell 73 cents, or 0.9%, to $77.74 a barrel by 1005 GMT, and U.S. West Texas Intermediate crude was also off 72 cents, or 1%, at $73.14 a barrel

Nooyi, Ullal among 4 Indian-origin America's richest self-made women

Four Indian-origin women, including Jayshree Ullal and Indra Nooyi, have been named by Forbes among America's 100 richest self-made women, with a combined net worth of a whopping USD 4.06 billion. President and CEO of Arista Networks, a computer networking firm; Jayshree Ullal, co-founder of IT consulting and outsourcing firm Synte; Neerja Sethi, co-founder and former chief technology officer (CTO) of cloud company Confluent; Neha Narkhede and PepsiCo's former chair and CEO Indra Nooyi made it to Forbes list of 'America's Richest Self-Made Women'. "Bolstered in part by a rebound in the stock market, they are cumulatively worth a record USD 124 billion, up nearly 12 per cent from a year ago," Forbes said last month at the release of its ninth annual list. Ullal, ranked 15th on the list, has a net worth of USD 2.4 billion. She has been president and CEO of the publicly-traded Arista Networks since 2008 and owns about 2.4 per cent of its stock. Arista recorded revenue of nearly USD 4.4

US lawmakers, Indian-Americans condemn Indian consulate attack, seek probe

American lawmakers and several Indian-American community organisations have denounced the recent attack on the Indian consulate in San Francisco and called for a thorough probe into the incident to bring perpetrators to justice. While the right to protest is ingrained in the US Constitution, no one has the right to engage in violence, they said in separate statements and tweets on Friday. They also condemned the threats issued to Indian diplomats, including India's Ambassador to the US Taranjit Singh Sandhu, by separatist Sikhs and called on the Biden administration to ensure safety of foreign diplomats. A video by Khalistan supporters, dated July 2 and posted on Twitter, showed the act of arson at the Indian consulate in San Francisco. The video, with the words "violence begets violence" emblazoned over it, also showed news articles related to the death of Canada-based Khalistan Tiger Force (KTF) chief Hardeep Singh Nijjar. Nijjar, one of India's most-wanted terrorists who carrie

Russian fighter jets harass American drones over Syria: US military

Russian fighter jets have harassed American drones over Syria for the third day in a row this week, the U.S. military said. Tension between Russian and U.S. troops is not uncommon in Syria as both countries conduct patrols on the ground as well as overflights. Syria's 12-year conflict has left half a million people dead and over 1 million wounded. The U.S. military said in a statement that Friday's encounter lasted for about two hours during which three MQ-9 drones were once again harassed by Russian fighter aircraft while flying over Syria. Russian aircraft flew 18 unprofessional close passes that caused the MQ-9s to react to avoid unsafe situations, Lt. Gen. Alex Grynkewich, head of U.S. Air Forces Central Command, said in a statement. Rear Adm. Oleg Gurinov, head of the Russian Reconciliation Center for Syria, said earlier this week that the Russian and Syrian militaries have started a six-day joint training that ends Monday. Gurinov added in comments carried by Syrian state me

Court sends fresh summons to BBC, Wikimedia, Internet Archive via Law Min

A court here on Friday issued fresh notices to BBC, Wikimedia Foundation and US-based digital library Internet Archive through the Union Ministry of Law and Justice after noting that they were foreign entities and thus subject to rules formulated under the Hague Convention. Additional District Judge (ADJ) Ruchika Singla was hearing a criminal complaint filed by BJP leader Vinay Kumar Singh seeking to restrain them from publishing or broadcasting a documentary on the 2002 Gujarat riots or any other material defamatory to the Rashtriya Swayamsevak Sangh (RSS) and the Vishva Hindu Parishad (VHP). "It is clear that as per the rules formulated under the Hague Convention and by the Government of India, the summons/notices in foreign countries can be effected only through the Department of Legal Affairs, Ministry of Law and Justice, Government of India, which has admittedly not been done in the present case," the judge said. "Hence, it is directed that the summons be issued afresh to the .

Several Indian-Americans among 14 charged in $52 mn Covid relief fund fraud

Around 14 people, including several Indian-origin business owners and employees have been charged in a USD 53 million fraud scheme involving a COVID-19 pandemic relief programme in the US state of Texas. This case is the largest investigated by the Pandemic Response Accountability Committee (PRAC) Fraud Task Force to date, US Attorney for the Northern District of Texas Leigha Simonton said in a press release. The defendants were arrested on Tuesday and Wednesday in Texas, California, and Oklahoma, the release said. Simonton said the 14 people allegedly bilked the Paycheck Protection Program, a COVID-era financial program, and numerous financial institutions out of more than USD 53 million in loan proceeds. Defrauding the government is an affront to American taxpayers. Defrauding the government during a pandemic at a time when millions of hardworking entrepreneurs struggled to make payroll and rent is pouring salt in a wound, Simonton said. These defendants allegedly conspired to

US job growth slows in June and unemployment rate declines to 3.6%

There was also a jump in the number of people working part-time for economic reasons last month, in part because their hours had been reduced due to work slack or business conditions

Why China may not challenge Western strategic dominance anytime soon

While the earlier facile assumption of China becoming a larger economy than the US may need revision, a re-balancing of global power seems more likely than a substantial power shift, notes T N Ninan

Commerce ministry to promote trade, investment; priortise 12 countries

The commerce and industry ministry has worked out a detailed plan to promote trade and investment and identified 12 countries including the US and UK for priority action, an official said. The plan was formulated by a task force comprising officials from the department of commerce, department for promotion of industry and internal trade, Indian missions abroad and Invest India. Under the plan, the task force has identified calender of activities for these 12 priority nations -- US, Brazil, Canada, UAE, Saudi Arabia, UK, Germany, Sweden, Japan, Taiwan, South Korea and Russia, said the official who did not wish to be named. The plan was prepared after an in-depth analysis of export-import trends. outbound investments trends and strategic engagements with over 20 countries. As part of the plan, the ministry will organise road shows in different countries, which will encompass investment and trade promotion engagements. Industry and exporters are also encouraged to organise world-leve

Surprises from Central banks see June become bumper 2023 rate hike month

Seven of the nine central banks overseeing the 10 most heavily traded currencies that met in June hiked rates, while two opted for no change, Reuters data showed

Israel to buy more F-35 fighter jets from US, expand fleet by 50%

Israel will buy 25 F-35 aircraft from the United States, the Israeli Defense Ministry announced on Sunday, in a deal that increases Israel's arsenal of the stealth fighter jets by 50 per cent. The F-35 is the world's most advanced fighter jet, and Israel is the only country in the Middle East to fly them. The USD 3 billion purchase, which increases the Israeli fleet of F-35 jets from 50 to 75, is set to be finalized in the coming months, the ministry said. It said the deal would be financed through American military aid to Israel and that the maker of the plane, Lockheed Martin, and the maker of its engine, Pratt & Whitney, had committed to involving Israeli companies in the production process. The new agreement will ensure the continuation of cooperation between American companies and Israeli defense industries in the production of aircraft parts, the statement read. The move to expand the Israeli arsenal comes at a time of heightened tensions between Israel and Iran. Israel, ...

Tesla sales jump 83% from a year ago on tax credits, broader adoption

Tesla's second-quarter deliveries rose 83 per cent from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of US government tax credits. The Austin, Texas, producer of EV, solar panels and batteries said Sunday that it sold a record 466,140 vehicles worldwide from April through June, nearly doubling the 254,695 it sold during the same period a year earlier. The vast majority of the sales were Tesla's popular Model 3 and Model Y versions. But the price cuts, both for special orders and on existing inventory, raised questions from analysts who expect the cuts to reduce Tesla's profit margins when it announces second-quarter earnings on July 19. Tesla's sales were better than Wall Street expectations. Analysts polled by data provider FactSet expected deliveries of 445,000 for the quarter. The company produced 479,700 vehicles from April through June, about 13,000 more than it sold, indicating that inventories may be ...

People feel safe with PM Modi due to terror attacks under UPA: Shah

Union Home Minister Amit Shah on Sunday said during the previous UPA government at the Centre, Pakistan-based terrorists would often cross over to Indian territory and launch attacks, while asserting that the people of the country now feel safe under Prime Minister Narendra Modi. Shah said this while addressing a function here to mark the 74th birth anniversary of late Kurmi (a backward caste) leader Sonelal Patel, the father of Union minister Anupriya Patel, which was celebrated as "Jan Swabhiman Divas". Launching a scathing attack on the previous Congress-led United Progressive Alliance (UPA) government, Shah said, "There was the UPA government, the government of Sonia-Manmohan, when almost every day, terrorists would cross over to India from Pakistan, explode bombs, kill our jawans and go back." "After Modiji became the prime minister, Pakistan's audacity was again on display when there were terror attacks in Uri and Pulwama. However, this time, they had forgotten that the rule i

Baltimore mass shooting kills two, 28 injured, three critical: Police

Two people were killed and 28 victims were wounded in a mass shooting, including three people who are in critical condition, police said. Baltimore Police Department Acting Commissioner Richard Worley confirmed the number of dead and injured during a press conference at the scene. The shooting took place in the 800 block of Gretna Avenue early Sunday morning.