Page 31 - Usa

Trump to speak from Florida's Mar-a-Lago after returning from indictment

US former President Donald Trump is all set to deliver the remarks on Tuesday at his Mar-a-Lago resort in Florida after he returns from the indictment, CNN reported citing the news release

Tornadoes strike Arkansas, Illinois, leave 18 dead, dozens injured

A monster storm system tore through the South and Midwest on Friday, spawning deadly tornadoes that shredded homes and shopping centres in Arkansas, collapsed a theatre roof during a heavy metal concert in Illinois and made a deadly sweep across the border into rural Indiana. The storm caused three fatalities in Sullivan County, Indiana, Emergency Management Director Jim Pirtle said in an email to The Associated Press early Saturday. The storm damaged homes and some residents were missing in the county seat of Sullivan, located near the Illinois state line about 95 miles (152 kilometres) southwest of Indianapolis. At least one person was killed and more than two dozen were hurt, some critically, in the Little Rock area, authorities said. The town of Wynne in northeastern Arkansas was also devastated, and officials reported two dead there, along with destroyed homes and people trapped in the debris. Authorities said a theatre roof collapsed during a tornado in Belvidere, Illinois, ..

US President Joe Biden's 2024 campaign awaits some major decisions

President Joe Biden has all but announced he's running for reelection, but key questions about the 2024 campaign are unresolved: Who will manage it? Where will it be based? When will he finally make it official? Advisers have long said he planned to wait until after March, when the year's first fundraising period wraps up. That was an effort to help manage expectations because many donors who gave generously to Democratic causes during last fall's elections were looking for a break. But an announcement isn't imminent even now, aides insist, and probably won't come until at least after Biden returns from an expected trip to Ireland in mid-April. Working on his own timeline could counter Biden's low approval ratings and questions about his age the 80-year-old would turn 86 before the end of a second term. It also means Biden won't be hurried by pressure from former President Donald Trump, who's already announced his 2024 campaign, or other top Republicans who may enter the race, ...

Many EVs to lose big tax credit with new rules by US Treasury Dept

Fewer new electric vehicles will qualify for a full USD 7,500 federal tax credit later this year, and many will get only half that, under rules proposed on Friday by the US Treasury Department. The rules, required under last year's Inflation Reduction Act, are likely to slow consumer acceptance of electric vehicles and could delay President Joe Biden's ambitious goal that half of new passenger vehicles sold in the US run on electricity by 2030. The new rules take effect April 18 and are aimed at reducing US dependence on China and other countries for battery supply chains for electric vehicles. Electric vehicles now cost an average of more than USD 58,000, according to Kelley Blue Book, a price that's beyond the reach of many US households. The tax credits are designed to bring prices down and attract more buyers. But USD 3,750, half the full credit, may not be enough to entice them away from less-costly gasoline-powered vehicles. Biden administration officials concede that fewer

Donald Trump reckons he will be arrested next Tuesday in tax fraud case

Former US President Donald Trump called on his supporters to rally round him and protest nationwide as he expects to be arrested coming Tuesday in anticipation of an indictment from a New York jury

World 'turning the tide' after backslide on democracy, says Joe Biden

President Joe Biden on Wednesday offered an optimistic outlook on the health of democracy worldwide, declaring that leaders are turning the tide in stemming a yearslong backslide of democratic institutions. Opening his second democracy summit, Biden looked to spotlight hopeful advancements over the past year despite Russia's war in neighboring Ukraine and US tensions with China over its military and economic influence in the Indo-Pacific and beyond. The president cited signs of progress across the globe, from Angola's effort to create an independent judiciary, Croatia's move to boost government transparency and the Dominican Republic's anti-corruption steps. At home, Biden pointed to his stalled push for voting protections in Congress as evidence of his administration's commitment to support democracy. Today, we can say, with pride, democracies of the world are getting stronger, not weaker," Biden said. Autocracies of the world are getting weaker, not stronger. That's a direct resul

Here's how Utah's social media law could curb kids' access to social media

The state of Utah in the USA signed two bills last week restricting the usage of social media for minors. In the proposed Digital India Act, India's IT ministry hinted at similar rules

Waiting for US visa? Your approval time depends on your location in India

The wait time to get a visa from US Consulate General in Mumbai and Kolkata is less than a year, but the US Consulate General Chennai takes 680 days to give appointments

Fintech firm Roofstock lays off 27% of staff in second round of job cuts

US-based financial technology company Roofstock has laid off about 27 per cent of its workforce in its second round of job cuts

Fearing arrest, Trump calls for protest: A look back at hush-money case

The investigation is about how the $130,000 payment was made to Stormy Daniels over her alleged affair with Trump

Lupin gets approval for generic medicine for schizophrenia, depression

Pharmaceuticals firm Lupin Ltd on Tuesday said it has received approval from the US health regulator for its generic Brexpiprazole tablets used to treat the symptoms of schizophrenia and depression. The approval granted by the US Food and Drug Administration (US FDA) is for the abbreviated new drug application for Brexpiprazole tablets of strengths 0.25 mg, 0.5 mg, 1 mg, 2 mg, 3 mg, and 4 mg, the company said in a regulatory filing. These are generic equivalent of Rexulti tablets of Otsuka Pharmaceutical Company Ltd, it added. "This product would be manufactured at Lupin's Pithampur facility in India," the company said. Lupin said Brexpiprazole tablets 0.25 mg, 0.5 mg, 1 mg, 2 mg, 3 mg, and 4 mg, had an estimated annual sales of USD 1,575 million in the US, citing IQVIA MAT December 2022 data.

Silicon Valley Bank successor's auction extended by FDIC for potential deal

The bidding process for the successor of Silicon Valley Bank is being extended by the Federal Deposit Insurance Corp. to give more time to work out a potential deal. The FDIC said Monday that there's been substantial interest from multiple parties for Silicon Valley Bridge Bank. The agency said it's going to allow parties to submit separate bids for Silicon Valley Bridge Bank and its subsidiary Silicon Valley Private Bank in order to simplify the bidding process and expand the pool of possible bidders. Qualified insured banks and qualified insured banks working with non-bank partners will be able to submit whole-bank bids or bids on the deposits or assets of the institutions. Bank and non-bank financial firms will be allowed to bid on asset portfolios. Bids for Silicon Valley Bridge Bank must be submitted by by 8:00 p.m. ET on Friday, while bids for Silicon Valley Private Bank are due by 8:00 p.m. ET on Wednesday. On Friday the parent of Silicon Valley Bank filed for Chapter 11 ..

Lost half my money to this banking thing, says Sharon Stone on SVB collapse

The American actress in an emotional speech appealed to the guests present at the fundraiser to donate more, while also sharing her financial troubles

400,000 gallons of radioactive water leaked from US nuclear power plant

About 400,000 gallons of radioactive water has leaked from a nuclear power plant in Monticello, the midwestern US state of Minnesota, regulators revealed recently

US President Joe Biden to host PM Modi for state dinner this summer

US President Joe Biden plans to host Indian Prime Minister Narendra Modi for a state dinner this summer, people familiar with the matter said, reported Bloomberg.The White House aims for the state dinner to take place in June but the timing could slip. However, a spokesman for the National Security Council declined to comment, reported Bloomberg.PM Modi's formal state visit is a sign of the deepening US-India relationship in various fields including defence, technology, space exploration, trade and investments.Moreover, the Biden administration advances policies and initiatives for a free and open Indo-Pacific to counter what it sees as a growing threat posed by China and India plays a key role in it.India is hosting the Group of 20 (G20) leaders summit in New Delhi in September, where Russia's invasion of Ukraine will be among the chief topics of discussion. It's unclear whether Russian President Vladimir Putin will attend the gathering, reported Bloomberg.Biden is also expected to ..

Delhi Capitals co-owners GMR group to run Major League Cricket franchise

The GMR Group (co-owners of Delhi Capitals) and Microsoft chairman & CEO Satya Nadella and GMR Group led consortium have bagged the rights to own and operate a team in Major League Cricket (MLC), a new T20 franchise league in the USA, which is scheduled to be launched this July.

Pentagon releases footage of Russian aircraft dumping fuel on US drone

The Pentagon has released footage of what it says is a Russian aircraft conducting an unsafe intercept of a US Air Force surveillance drone in international airspace over the Black Sea. The 42-second video, released Thursday, shows a Russian Su-27 approaching the back of the MQ-9 drone and beginning to release fuel as it passes, the Pentagon said. The US military said it ditched the MQ-9 Reaper in the sea Tuesday after the Russian fighter jet poured fuel on the unmanned aerial vehicle and then struck its propeller. Defence Secretary Lloyd Austin and Joint Chiefs of Staff Chairman Gen. Mark Milley have spoken to their Russian counterparts about the destruction of the US drone following the encounter with Russian fighter jets. The calls with Russian Defense Minister Sergei Shoigu and Chief of Russian General Staff Gen. Valery Gerasimov on Wednesday were the first since October. While intercept attempts are not uncommon, the incident amid the war in Ukraine has raised concerns it cou

Russian fighter jet collides with US drone amid tensions over Ukraine war

According to reports, the drone was on a routine mission in international airspace when two Russian jets tried to intercept it

SVB fallout: US admin's statement positive outcome, says Nazara Tech CEO

Nazara Tech, whose two step-down subsidiaries have Rs 64 crore deposits in Silicon Valley Bank, on Monday said the US administration's statements on protecting depositors for the entire amount is a "positive outcome" and gives confidence about the recovery of money. The two subsidiaries have working capital to meet their requirements, including payroll, Nitish Mittersain, Founder and CEO of Nazara Technologies said as he categorically ruled out the possibility of layoffs within the company as a result of the Silicon Valley Bank crisis. In fact, the current environment yields "many opportunities", and Nazara Tech intends to double down on its efforts to look for "good companies to acquire and invest" given the attractive valuations. "The statement by Yellen (Treasury Secretary Janet L. Yellen) saying all depositors will be protected for the entire amount, is a very positive outcome and makes us more confident that we will recover all of this money," Mittersain told PTI. On Friday, t

Startups hoping for quick resolution of SVB crisis post FDIC intervention

The joint statement from the US Treasury, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) stating that depositors will have access to all of their money starting Monday, March 13 in connection with the Silicon Valley Bank (SVB) collapse has come as a relief to the startups who were exposed to the bank. Startups hope the crisis would now be resolved soon. "FDIC's communication yesterday saying all depositors will get access to their funds is a relief to the startup community, said Prabhu Ramachandran, CEO & Co-founder at Facilio, a property operations software provider. Facilio has significant exposure, as a major portion of the company's funds is with SVB. "But we expect the crisis to be resolved this week and we should get access to our funds. We have money outside SVB to cover 4-5 months of our operations. This gives us more than sufficient time for the crisis to be resolved, and for us to access our funds at SVB," Ramachandran said He added "while most SaaS