America

Woke versus anti-woke debate hots up

The latest candidate to throw his hat in the US presidential ring, Indian-American Vivek Ramaswamy, is one of the most voluble antagonists on the anti-woke side

Yellen says US banking system remains sound after 'decisive' actions

A week after the second-largest bank collapse in US history, Treasury Secretary Janet Yellen told the Senate Finance Committee on Thursday that the nation's banking system remains sound and Americans "can feel confident about their deposits. Yellen is the first Biden administration official to face lawmakers over the decision to protect uninsured money at two failed regional banks, a move that some Republicans have criticized as a bank bailout. The government took decisive and forceful actions to strengthen public confidence in the U.S. banking system, Yellen said in testimony before the committee. I can reassure the members of the Committee that our banking system remains sound, and that Americans can feel confident that their deposits will be there when they need them." In less than a week, Silicon Valley Bank, based in Santa Clara, California, failed after depositors rushed to withdraw money amid anxiety over the bank's health. Then, regulators convened over the weekend and ...

Global shares mostly rise as investors waited for US consumer price data

Global shares mostly rose on Tuesday, boosted by a rally on Wall Street, as investors waited for US consumer price data due out later in the day. France's CAC 40 added nearly 0.1 per cent in early trading to 7,214.85, while Germany's DAX also rose less than 0.1 per cent, to 15,400.76. Britain's FTSE 100 gained 0.4 per cent to 7,976.92. The future for the Dow Jones Industrial Average rose 0.1 per cent while that for the S and P 500 gained 0.2 per cent. Sentiments are largely tracking the positive handover from Wall Street overnight, although much is still up in the air, Yeap Jun Rong, a market analyst at IG, said in a commentary. In a mixed sign of Japan's shaky recovery, government data showed the world's third largest economy grew at an annual pace of 0.6 per cent in October-December, as restrictions related to the coronavirus pandemic eased, both abroad and in Japan. Tourism recovered, as did local travel, and exports grew, the Cabinet Office reported. Japan's benchmark Nikkei 2

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

Lupin bags gets approval from USFDA to market generic product in America

Drug maker Lupin on Thursday said it has received approval from the US health regulator to market a generic medication, used before a surgery to decrease the volume of secretions from mouth, lungs and stomach, in the American market. The company has received approval from the US Food and Drug Administration (USFDA) for Glycopyrrolate Injection, a generic equivalent of Hikma Pharmaceuticals' Robinul Injection, the Mumbai-based drug maker said in a statement. The product marks the first approval from the company's new injectable facility in Nagpur, it added. "We are committed to building a strong injectable business as part of our growth strategy," Lupin CEO Vinita Gupta said. With the approval of the product from the Nagpur facility, the company can now fast-track its injectable portfolio rollout and build on R&D capabilities in complex products, she added. The approval for Glycopyrrolate clears the path for more internally manufactured injectable products, Gupta stated. As per ..

'Made in America' is my top priority, says US President Joe Biden

US President Joe Biden has said that Made in America is the top priority of his administration and announced that bridges, roads and highways in the country will be made with American construction materials. Biden in his second State of the Union Address on Tuesday said to maintain the strongest economy in the world, the US also needs the best infrastructure in the world. The US used to be number 1 in the world in infrastructure, but then it fell to number 13th, he said. Now we're coming back because we came together to pass the Bipartisan Infrastructure Law, the largest investment in infrastructure since President Eisenhower's Interstate Highway System, he said. He said 'Buy American' has been the law of the land since 1933. "But for too long, past administrations have found ways to get around it. Not anymore, Biden said in his joint address to the US Congress. Tonight, I'm also announcing new standards to require all construction materials used in federal infrastructure project

Americans should 'pay attention' to Martin Luther King's legacy: Biden

King, who was born on Jan. 15, 1929, was killed at age 39. He helped he fueled passage of the Civil Rights Act of 1964 and Voting Rights Act of 1965

US hiring stays brisk as employers add 223,000 jobs in Dec: Labor dept

America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy yet also a sign that the Federal Reserve may have to raise interest rates more aggressively to slow growth and cool inflation. The December job growth, though a decent gain, amounted to the lowest monthly increase in two years. The unemployment rate remained fell to 3.5%, matching a 53-year low, the Labor Department said Friday. Last month's job growth capped a second straight year of robust hiring during which the nation regained all 22 million jobs it lost to the COVID-19 pandemic. Yet the rapid hiring and the hefty pay raises that accompanied it likely contributed to a spike in prices that catapulted inflation to its highest level in 40 years. The picture for 2023 is much cloudier. Many economists foresee a recession in the second half of the year, a consequence of the Fed's succession of sharp rate hikes. The central bank's officials have projected that those increases will

Apple's tracking application 'Find My' helps locate stolen car in US

last month, the 'Find My' feature had helped to find a woman who fell 200 feet down a hill, following a car crash in the US state of California

Indian-American convicted of making illicit profits worth $7.3 million

An Indian-American former IT professional has been convicted of four counts of securities fraud in California for using a publicly traded company's confidential inside information

Muzaffarnagar: Final destination for tonnes of America's plastic waste

Plastic waste that starts off in Americans' recycling bins ends up at illegal dumpsites - and inside the lungs of people in Muzaffarnagar

19-year-old killed in Mall of America in Minnesota shooting, says police

A teenager was killed during a shooting at the Mall of America on Friday that sent frightened customers at the nation's largest shopping center racing into a lockdown just before the holiday weekend, police said. Bloomington Police Chief Booker Hodges said the victim was a 19-year-old man. A bystander's jacket was also grazed by a bullet. There appeared to be some type of altercation between two groups and at one point, someone pulled out a gun and shot the victim multiple times, the chief said. The Bloomington Police Department responded to the shooting shortly before 8 p.m., the mall said in a statement. The lockdown lasted for about an hour before the mall tweeted that shoppers were being sent outside. Emergency vehicles had converged in the snowy parking lot and police could be seen putting up yellow crime scene tape near the Nordstrom store. Videos posted on social media show shoppers hiding in stores, and an announcement in the mall warned people to seek shelter. Some videos

Mall of America in Minnesota on lockdown after reported shooting: Police

Police in Minnesota say the Mall of America has been placed on lockdown after a reported shooting. The Bloomington Police Department said Friday that police and emergency medical crews were on the scene of a reported shooting at the mall. Police said the mall had been placed on lockdown. Videos posted on social media showed shoppers hiding in stores. The reported shooting comes as shopping centers and malls across the US see an influx of shoppers just days before Christmas. The Mall of America confirmed the lockdown on its Twitter account and asked shoppers to remain in the closest secure location. Representatives from the city of Bloomington and the Mall of America did not immediately return requests for comment.

Joe Biden slams antisemitic violence, says America will not be silent

US President Joe Biden said "America will not be silent" as he slammed antisemitism at a White House party to commemorate the second day of Hanukkah, the Jewish festival of lights

El Salvador sends 10,000 police, army to seal off town on capital outskirts

The government of El Salvador sent 10,000 soldiers and police to seal off a town on the outskirts of the nation's capital Saturday to search for gang members. The operation was one of the largest mobilizations yet in President Nayib Bukele's nine-month-old crackdown on street gangs that long extorted money from businesses and ruled many neighborhoods of the capital, San Salvador. The troops blocked roads going in and out of the township of Soyapango, checking people's documents. Special teams went into the town looking for gang suspects. Starting now, the township of Soyapango is completely surrounded, Bukele wrote in his Twitter account. He posted videos showing ranks of rifle-toting soldiers. More than 58,000 people have been jailed since a state of emergency was declared following a wave of homicides in late March. Rights groups have criticized the mass roundups, saying they often sweep up young men based on their appearance or where they live. It was part of what Bukele had ca

Saas-based accounting platform Zoho Books has eyes on world markets

Zoho, which so far was focused on India, is expanding its footprint in countries such as Latin America, Mexico and Africa

Beaver Blood Moon lunar eclipse on November 8; here's all you need to know

Commonly known as the Blood Moon, a total lunar eclipse occurs when the full moon moves into the deep umbral shadow of the Earth and receives light only first filtered by Earth's atmosphere

28 dead as Hurricane Julia drenches Central America with heavy rainfall

Now a tropical depression, former Hurricane Julia drenched Guatemala and El Salvador with torrential rains Monday after it reemerged in the Pacific following a pounding of Nicaragua. At least 19 people were reported dead as a direct or indirect result of the storm. Guatemala's disaster prevention agency said five people died after a hillside collapsed on their house in Alta Verapaz province, burying them. Authorities in El Salvador said five Salvadoran army soldiers died after a wall collapsed at a house where they sought refuge in the town of Comasagua, where hundreds of police and soldiers have been conducting anti-gang raids. Another soldier was injured. Two other people died in the eastern El Salvador town of Guatajiagua after heavy rains caused a wall of their home to collapse. Another man in El Salvador died when he was swept away by a current, and another died when a tree fell on him. Rivers overflowed their banks and El Salvador declared a state of emergency and opened 80

Zydus gets USFDA nod to sell its cancer medicine in American market

Zydus Lifesciences on Tuesday said it has received approval from the US health regulator to sell Lenalidomide capsules, used in the treatment of various types of cancers, in the American market. The company has received approval from the US Food and Drug Administration (USFDA) to market the product in strengths of 2.5 mg, 5 mg, 10 mg, 15 mg, 20 mg, and 25 mg. Lenalidomide is used to treat various types of cancers. It works by slowing or stopping the growth of cancer cells. It is also used to treat anemia in patients with certain blood/bone marrow disorders. The drug maker said the drug will be manufactured at the group's formulation facility at Ahmedabad SEZ. "We remain focused on providing patients access to affordable medication and USFDA approval of Lenalidomide Capsules, an important oncology therapy product, is yet another step in this endeavour," Zydus Lifesciences Managing Director Sharvil Patel stated. According to IQVIA MAT July data, Lenalidomide had annual sales of USD

Trump and his followers trying to undermine American democracy: Biden

President Joe Biden has warned Americans that his predecessor Donald Trump and his die-hard followers are trying to "undermine" democracy and asked them to confront the "extremists" who fan the flames of political violence in pursuit of power. Delivering his sharpest rebuke yet of Republicans in a prime-time speech from the iconic Independence Hall in Philadelphia, where the US Declaration of Independence was signed nearly 250 years ago, Biden warned that the supporters of Trump's "Make America Great Again" (MAGA) agenda are a threat to American democracy. "As I stand here tonight, equality and democracy are under assault," Biden, a Democrat warned, ahead of crucial mid-term elections in November that will determine control of Congress. "Too much of what's happening in our country today is not normal. Donald Trump and MAGA (Make America Great Again) Republicans represent an extremism that threatens our very republic. MAGA Republicans do not respect the Constitution," the 79-year-old