Page 32 - Usa

SVB chief pressed US lawmakers to weaken bank risk scrutiny 8 years ago

Eight years before the second-largest bank failure in American history occurred this week, the bank's president personally pressed Congress to reduce scrutiny of his financial institution

Telehealth startup Cerebral shares data of 3.1 mn patients with advertisers

US-based telehealth startup Cerebral has disclosed that it shared the private health information, including mental health assessments, of more than 3.1 mn patients in country

US commerce secretary Gina Raimondo had 'fruitful meeting' with PM Modi

US Commerce Secretary Gina Raimondo had a "fruitful meeting" with Prime Minister Narendra Modi here. The meeting took place on Friday, the Prime Minister's Office (PMO) said. Raimondo, who was on a four-day visit to India, also met several ministers besides holding meetings with Commerce and Industry Minister Piyush Goyal. Raimondo and Goyal also held the Commercial Dialogue on Friday. "US Secretary of Commerce @SecRaimondo had a fruitful meeting with PM @narendramodi yesterday," the PMO tweeted Saturday along with a photograph of the meeting.

India, US sign MoU to build resilient supply chain in semiconductor sector

India and the US on Friday inked an initial pact on increasing private sector cooperation in the area of semiconductors under which the two countries would facilitate business opportunities and develop an ecosystem with a view to reduce their dependency on China and Taiwan. The Memorandum of Understanding (MoU) on establishing semiconductor supply chain and innovation partnership under the framework of IndiaUS Commercial Dialogue was signed by US Secretary of Commerce Gina Raimondo and Commerce and Industry Minister Piyush Goyal during the Commercial Dialogue here. According to a joint statement, both sides have agreed to set up a semiconductor sub-committee, led by the Department of Commerce for the US side and the Ministry of Electronics and Information Technology (MeitY) and Ministry of Commerce and Industry for the Indian side. The committee will convene its first engagement in mid-year to review recommendations from the joint industry-led task force launched in connection with

We see India as trusted technology partner: US Commerce Secy Gina Raimondo

America sees India as a trusted technology partner, and it wants to deepen this technological relationship between the two countries, US Secretary of Commerce Gina Raimondo said on Friday. The Indian government has taken several steps in the last couple of years, which makes India an even more attractive place to do business, she added. Steps like promoting the digital economy and zero tolerance for corruption make India a more attractive partner, Raimondo told reporters here. She was addressing a joint media briefing with Commerce and Industry Minister Piyush Goyal after concluding the fifth IndiaUSA Commercial Dialogue, which was held after a gap of three years. "We see India as a trusted technology partner, and we want to continue to deepen our technological relationship with India...We hope to work more closely with India and the private sector here around those technologies," she said. Besides semiconductor, she said areas, where both countries can increase cooperation, inclu

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 .