Page 24 - Usa

US summit with Japan, South Korea focused on 'Anti-China Policy': Report

The move comes after nearly a year of increased testing by North Korea of new types of ballistic, cruise, and hypersonic missiles, which it says are intended to counter the threat posed by US forces

Indian diamond industry set to focus on domestic markets, ASEAN countries

The diamond industry is set to focus on domestic markets and emerging markets in ASEAN countries in an attempt to neutralise the impact of reduced demand from the US and the European Union (EU)

Can Indian-origin Vivek Ramaswamy be the Republican 'OBAMA' for US?

Vivek Ramaswamy, a 37-year-old multimillionaire biotech entrepreneur, has burst onto the political scene as one of the top contenders in the Republican presidential race for 2024.

US adds 187,000 jobs, unemployment rate unexpectedly drops to 3.5%

US employment increased at a solid pace in July while wages rose at a faster-than-expected clip, consistent with sustained labor demand that's at the root of renewed momentum in the economy

Moderna sees up to $8 bn in 2023 Covid vaccine sales on pvt market hopes

Moderna expects $6 billion to $8 billion in sales from its COVID shots this year, up from its previous forecast of $5 billion, driven by potential US demand

Wells Fargo to tap corporate bond market despite US credit downgrade

The deal comes just after Fitch downgraded the US sovereign credit grade one level to AA+ from AAA, arguing the nation's fiscal health will likely deteriorate over the next three years

Vistaar Financial Services raises $50 million funding from US govt's DFC

Vistaar Financial Services has secured USD 50 million funding from the US government's development finance institution, the International Development Finance Corporation (DFC). The Bengaluru-based Vistaar, founded by Brahmanand Hegde and Ramakrishna Nishtala in 2010, has so far funded over 2 lakh small businesses across 12 states since inception and has a loan book of Rs 3,100 crore. In May, the company had raised USD 40 million in equity from the global private equity major Warburg Pincus. The DFC loan will help it expand its secured MSME lending portfolio, Avijit Saha, the chief executive said in a statement on Wednesday. The loan will expand access to capital for lending to small women-owned and -led enterprises, said James Polan, vice-president of DFC's office of development credit. The partners with the private sector to finance solutions and invest across sectors including energy, healthcare, critical infrastructure, and technology. With the May 2023 equity investment, Warb

US Fed hike on expected lines; RBI to take a balanced view: Analysts

The 0.25 per cent hike in interest rates by the US Fed was on expected lines, analysts said on Thursday, expecting its Indian counterpart to take a balanced view in its policy formation going forward

Biden's son pleads not guilty to 2 tax crimes after agreement falls through

President Joe Biden's son Hunter pleaded not guilty Wednesday to two tax crimes after a deal with federal prosecutors unravelled during a court hearing following the judge's concerns over the agreement. Hunter Biden was charged last month with two misdemeanour tax crimes of failure to pay more than USD 100,000 in taxes from over USD 1.5 million in income in both 2017 and 2018, and he was expected to plead guilty after he made an agreement with prosecutors, who were planning to recommend two years of probation. That deal is now on hold. But during the hearing Wednesday, there was a dispute in court over whether the initial agreement gave him protection against any future charges. US District Court Judge Maryellen Noreika, who was appointed by President Donald Trump, raised concerns about the language of the deal. Biden had also been charged with possession of a firearm by a person who is a known drug user, a felony. He had a Colt Cobra .38 Special for 11 days in October 2018. He had

Engineering exports see mixed fortunes; trade with Russia surges: EEPC

India's engineering exports to major markets like the United States, the European Union (EU) and China continued to decline in June 2023, reflecting a challenging global trade environment, EEPC India said. The country's shipments to West Asia and North Africa (WANA), North East Asia, and CIS countries, however, showed positive growth during the same period, the Engineering Exports Promotion Council of India (EEPC) said. India's engineering exports declined for the third straight month in June 2023, falling 11 per cent year-on-year to USD 8.53 billion. The decline was led by a sharp fall in exports to the US, EU, and China, it said. Exports to the US fell 12.5 per cent to USD 1.45 billion, while exports to the EU fell 16.2 per cent to USD 1.51 billion. Exports to China fell 20 per cent to USD 184 million. However, an almost threefold increase in engineering exports to Russia reached a substantial USD 116.9 million in June 2023. Cumulatively, during the April-June period of the curr

'Barbie' movie sets record, emerges biggest US, Canadian debut of 2023

Director Christopher Nolan's "Oppenheimer," about the making of the atomic bomb, rang up $80.5 million at domestic theaters in a cinema battle dubbed "Barbenheimer."

Morgan Stanley lifts US growth forecast on expectation of infra investment

Economists at Morgan Stanley now expect U.S. real gross domestic product (GDP) to grow 1.3% on average in 2023, from an earlier forecast of a 0.6% rise

US weekly jobless claims fall unexpectedly, shows labour market strength

Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 228,000 for the week ended July 15, the Labor Department said on Thursday

China ready to discuss fixing stalled ties with US: Xi tells Kissinger

President Xi Jinping on Thursday told Henry Kissinger that China is ready to discuss the "correct way" to halt the slide of its relations with the US and sought the help of veteran American diplomat to fix the ties as he did 50 years ago by establishing diplomatic ties between the two countries. Kissinger, the former US Secretary of State, who turned 100 in May this year remained the most influential figure in Beijing since his successful ping-pong diplomacy in 1971 pitting Communist China against its ideological mentor the then Soviet Union tilting the Cold War balance of power at that time. Successive Chinese Communist Party leaders turned to him for guidance on the trajectory of China's ties with the US which helped Beijing to expand its economic and diplomatic clout in the world, until in the last 10 years when the American leaders began identifying China as a major threat as it emerged as the world's second-largest economy and major military power next only to the US. The ties

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