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89% companies hired foreign nationals laid off in US, finds survey

The finding of the survey indicate that many companies benefited by recruiting foreign talent that faced layoffs

From Kailasa to Kalakuta Republic: Micronations that amused the world

Micronations generally claim a territory, usually a piece of personal property or an uninhabitable tract of land

Sitharaman meets US Comm secy; discuss cooperation for trade, investment

Finance Minister Nirmala Sitharaman on Thursday met US Commerce Secretary Gina Raimondo to discuss India's G20 priorities and bilateral cooperation to further boost investment and trade. In a tweet, the Finance Ministry said Sitharaman and Raimondo also appreciated the substantial and multi-faceted India-US relations which are centred on strong economic and financial engagements. Raimondo is here for the India-US Commercial Dialogue and India-US CEO Forum meet on March 10 to discuss cooperation in various sectors that could unlock new trade and investment opportunities between the two countries. The two leaders also discussed India's G20 priorities and other issues of mutual interest. "During their deliberations, FM Smt. @nsitharaman and Secretary Ms. @SecRaimondo also exchanged views on enhancing #bilateral cooperation to further boost #investment and #trade in mutually agreed areas," the ministry tweeted. In a separate tweet, the ministry said Mastercard CEO Michael Miebach too

US Commerce secy Gina Raimondo to arrive in India today on 4-day visit

US Commerce Secretary Gina Raimondo will arrive in New Delhi on Tuesday on a four-day visit to the country, during which she will participate in the US-India Commercial Dialogue and CEO Forum

IndiGo to enable codeshare connectivity to US, Canada with Turkish Airlines

IndiGo on Sunday said it is looking at enabling codeshare connectivity to the US and Canada through its partnership with Turkish Airlines. On Friday, a senior official told PTI that the airline has received approval from the civil aviation ministry to wet lease up to two planes for operating flights to the United States and Canada. In response to queries on the same, IndiGo on Sunday said it constantly evaluates and discusses opportunities with aircraft manufacturers, but at this stage, it is pure speculation. "At present, our objective is to enable codeshare connectivity to the US and Canada via our partnership with Turkish Airlines after the required application and approval process," the statement said. Codesharing allows an airline to book its passengers on its partner carriers and provide seamless travel to destinations where it has no presence. The airline's plans also come against the backdrop of Air India starting to ramp up its international operations and expanding fleet

Indo-US strategic allies hold up Sri Lanka's struggling politics, economy

India and the United states have been strengthening their strategic partnership to assist Sri Lanka's political and economic stability.The US Senate Foreign Relations Committee expressed concern about the postponement of Local Government (LG) elections in light of Sri Lankan President Ranil Wickremesinghe's declaration that there are insufficient funds to hold local government elections and his assumption of office to lead the nation in rescuing Sri Lanka from its severe economic crisis without holding elections, Mawrata News reported.The US Senate Foreign Relations Committee criticised the postponement of the local government elections in Sri Lanka, which is igniting public anger. According to them, any effort to muffle the voice of the Sri Lankan people is categorically undemocratic and a flagrant violation of their rights. They suggested having democratic municipal elections straight away.With a focus on boosting security and fostering economic growth, India and the US have ...

Ericsson to pay $206 million for breaking US deal in bribery case

Swedish telecom equipment maker Ericsson has agreed to plead guilty to US foreign corruption violations and pay more than USD 206 million for breaking a deal with the Justice Department over charges of bribery and falsifying records in countries from China to Kuwait. The US Justice Department said the company, based in Stockholm, violated a 2019 agreement by failing to provide documents and information the agency needed for its investigation and to bring charges against individuals accused of misconduct. Ericsson, which provides equipment for high-speed 5G wireless networks, used intermediaries to bribe government officials and manage illicit stashes of cash in Djibouti, China, Vietnam, Indonesia and Kuwait, prosecutors say. The company's breach of its obligations ... indicate that Ericsson did not learn its lesson, and it is now facing a steep price for its continued missteps," US Attorney Damian Williams for the Southern District of New York said in a prepared statement on ...

India slips to 43rd rank in US intellectual property rights index

India has slipped to the 43rd spot in the US Chamber of Commerce's latest International Intellectual Property Rights index

JPMorgan could reach $1 trillion market value by 2030, says Morgan Stanley

Shares of the lender fell about 0.7% in premarket trading Friday morning, putting the stock on track to close lower by more than 2% this week

US commits $2 billion in drones, ammunition, aid in new package to Ukraine

The Pentagon announced a new package of long-term security assistance for Ukraine on Friday, marking the first anniversary of Russia's invasion with a USD 2 billion commitment to send more rounds of ammunition and a variety of small, high-tech drones into the fight. The announcement comes just days after President Joe Biden made an unannounced visit to Kyiv and pledged America's continuing commitment to Ukraine. Biden told President Volodymyr Zelenskyy and his people that "Americans stand with you, and the world stands with you." In a statement on Friday, the Pentagon said the aid includes weapons to counter Russia's unmanned systems and several types of drones, including the upgraded Switchblade 600 Kamikaze drone, as well as electronic warfare detection equipment. It also includes money for additional ammunition for the High Mobility Artillery Rocket Systems (HIMARS), artillery rounds and munitions for laser-guided rocket systems. But, in an unusual move, the Pentagon provided n

Will impose more sanctions on Russia: US treasury secretary Yellen in India

Yellen also met Finance Minister Nirmala Sitharaman for a bilateral meeting on the sidelines of G20

Russian Prez Putin chides West, defends Ukraine invasion in major speech

Russian President Vladimir Putin accused Western countries Tuesday of igniting and sustaining the war in Ukraine, dismissing any blame for Moscow almost a year after the Kremlin's unprovoked invasion of its neighbour that has killed tens of thousands of people. In his long-delayed state-of-the-nation address, Putin cast Russia and Ukraine as victims of Western double-dealing and said Russia, not Ukraine, was the one fighting for its very existence. We aren't fighting the Ukrainian people, Putin said in a speech days before the war's first anniversary on Friday. Ukraine has become hostage of the Kyiv regime and its Western masters, which have effectively occupied the country. The speech reiterated a litany of grievances that the Russian leader has frequently offered as justification for the widely condemned war and ignored international demands to pull back from occupied areas in Ukraine. Observers are expected to scour it for signs of how Putin sees the conflict, which has become

1 dead, 4 wounded, after shooting at Mardi Gras parade in New Orleans

One person has died and four are in stable condition after a shooting during a Mardi Gras parade in New Orleans, police said Monday. The New Orleans Police Department said one suspect was taken into custody shortly after the Sunday night shooting. The department said in a statement that the victims were 3 males, and 2 females. One of the victims is a juvenile. All were taken to the hospital by EMS where one male victim was later pronounced deceased. The four other victims were hospitalised in stable condition. The shooting happened during the Krewe of Bacchus parade, WWL-TV reported. Two guns were recovered, Chief Deputy Superintendent Hans Ganthier said. The superkrewe of Bacchus was temporarily halted in the 1500 block of St. Charles Avenue after the shooting.

Nine Indian states among 50 most vulnerable regions due to climate change

Asia dominated the XDI list, with 114 regions among the top 200 falling in the region

US balloon claim hysterical and absurd, says China's top diplomat Wang Yi

China on Saturday lambasted the US for claiming its balloons as surveillance objects and termed it as "hysterical and absurd".Addressing a gathering of world leaders at the Munich Security Conference, China's top diplomat Wang Yi alleged the US of trying to "smear" the Asian giant while it itself was implementing policies that ran counter to its paradigms such as free trade.Washington, he said, had the wrong view of China as a serious geopolitical challenge and a threat to the United States. "This is a misguided perception of China and with this perception, the United States is using all of its means to smear and clamp down China, and is co-opting other countries to do the same," he said.He said that US President Joe Biden's administration has a "misguided" perception of Beijing."There are many balloons from many countries in the sky. Do you want to down each and every one of them?" said Wang.He also urged the US "not to do such preposterous things simply to divert attention from its .

American communities being torn apart by gun violence, says Prez Biden

Just hours after six people were shot dead in a rural Mississippi town, US President Joe Biden said that American communities are "being torn apart by gun violence".

EB-5 visa: What is it, who can apply and how it is different from H1-B visa

H1-B visa requires a sponsor for the immigrant to stay in the US but no such sponsorship is needed in the EB-5 scheme

As US brings down third UFO in three days, here is all you need to know

The latest event is of the US military shooting down a fourth flying object over Lake Huron in Michigan. This comes after the US has already taken down UFOs in US and Canadian airspace

More than 10 US high-altitude balloons flew in our airspace: China

China on Monday said more than 10 US high-altitude balloons have flown in its airspace during the past year without its permission, following Washington's accusation that Beijing operates a fleet of surveillance balloons around the world. The Chinese allegation comes after the US shot down a suspected Chinese spy balloon that had crossed from Alaska to South Carolina, sparking a new crisis in bilateral relations that have spiralled to their lowest level in decades. Foreign Ministry spokesperson Wang Wenbin gave no details about the alleged US balloons, how they had been dealt with or whether they had government or military links. It is also common for US balloons to illegally enter the airspace of other countries," Wang said at a daily briefing. Since last year, US high-altitude balloons have illegally flown over China's airspace more than 10 times without the approval of Chinese authorities." Wang said the US should first reflect on itself and change course, rather than smear and

US to resume 'domestic visa revalidation' on pilot basis for H-1B holders

In a move that could benefit tens of thousands of foreign tech workers on H-1B and L1 visas, the US is planning to resume domestic visa revalidation in certain categories on a pilot basis with the goal of scaling it up in the next few years. The pilot project, to be launched later this year, when fully implemented, would be a big relief to thousands of Indian tech professionals in the United States. Until 2004, certain categories of non-immigrant visas, particularly the H-1B, could be renewed or stamped inside the US. After that, for renewal of these visas, in particular, those on H-1B, the foreign tech workers have to go out of the country, mostly to their own country to get the H-1B extension stamped on their passport. For all the H-1B visa holders, when their visa is renewed, they need to get their passports stamped with renewal dates. This is required if they wish to travel outside of the US and re-enter the US. As of now, H-1B visa restamping is not allowed within the ...