Page 21 - United States

Oil gains 2% on optimism over world economy despite US crude build

If inflation comes in below expectations, that would drive the dollar lower, analysts said, which could boost oil demand because it makes the commodity cheaper for buyers holding other currencies

India-US Trade Policy Forum to boost bilateral trade and investment

The US is also the biggest FDI investor in India in terms of equity, as per the Reserve Bank of India's (RBI's) latest FDI data, with Rs 8.1 crore, accounting for 16.9 per cent share in 2022

Normal air traffic operations resuming gradually across the US: FAA

Normal air traffic operations are resuming gradually across the US on Wednesday following a technical failure in the system that provides safety info to flight crews

Global oil inventories expected to grow, prices to drop in next 2 yrs: EIA

Global oil inventories will increase over the next two years with more global oil production than consumption, the US Energy Information Administration (EIA) has forecast

We are laying off 20% of workforce: Scale AI CEO Wang writes in blogpost

The macro environment has changed dramatically in recent quarters, which is something I failed to predict: CEO

New Omicron sub-variant XBB.1.5 spreading rapidly in US, says CDC

The new Omicron subvariant XBB.1.5 is spreading quickly in the US, and is estimated to account for nearly 30 of Covid-19 cases in the week ending January 7: Centers for Disease Control and Prevention

Pentagon reiterates importance of India-US defence, security relationship

India has been designated as a major defence partner of the United States

Succession of killed Al Qaeda leader Ayman al-Zawahiri remains unclear: US

Director of the US National Counterterrorism Centre on Tuesday said, 'The question for Al Qaeda, that it has not answered for itself, is who follows (Zawahiri)'

Oil prices slip as US crude, fuel inventories reignite demand concerns

Oil prices fell, erasing the previous session's gains, after industry data showed an unexpected build in crude and fuel inventories in the United States

Republicans request Intelligence 'damage assessment' of Biden documents

Biden ignored shouted questions about the matter Tuesday during a bilateral meeting with Canadian Prime Minister Justin Trudeau in Mexico

Limitless opportunities for US investors to grow in India: Piyush Goyal

In a statement issued by the USIBC, Goyal said that "for the US companies looking for 'good times', this is the time, this is the right time, to look at India, and engage more with India

Indian economy to grow at a robust 6.6% in FY24, says World Bank

'Limited spillovers' to Asia's third-largest economy, even as world 'perilously close' to recession

US House approves rules package following the dysfunctional opening week

The US House of Representatives approved a rules package for the 118th Congress, in what marked the first test of House Speaker Kevin McCarthy following the dysfunctional opening week

US accuses former army pilot of illegally training Chinese military pilots

The US has accused a former military pilot of illegally training Chinese military pilots, and is trying to extradite him from Australia. But the pilot's lawyer says his client has been unfairly singled out because of the current geopolitical struggle between the US and China. Pilot Daniel Duggan, 54, has been held in an Australian jail since his October arrest. Duggan's lawyer Dennis Miralis said outside a Sydney courtroom Tuesday that Duggan denies the allegations and will continue to fight the extradition process at every step. Australia's Attorney-General Mark Dreyfus last month approved the US extradition request. But before the extradition can proceed, a judge must first determine whether Duggan is eligible for extradition under Australian law. Miralis said the US Department of Defence had acknowledged there were other people helping foreign militaries but that the US and Australia had singled out Duggan for extradition. We are concerned that this does highlight the political

Indian-origin man appointed Director of Toll Road Authority in US

An Indian-origin man has been appointed to the Board of Directors of the Fort Bend Toll Road Authority and the Grand Parkway Toll Road authority in the US state of Texas. Swapan Dhairyawan, 57, was appointed last week based on his background, community outreach, and financial expertise. I am proud to appoint Dhairyawan to the Grand Parkway Tollway Board of Directors, Precinct 3 Commissioner Andy Meyers said. He is a Certified Public Accountant and understands the importance of being a good steward of the people's money, he added. As a Director of the autonomous body, Dhairyawan will oversee the maintenance, expansion, budget, and economic impact for the county. I am thankful to Commissioner Andy Meyers Precinct 3 for nominating me for this position at the Fort bend Commissioners Court, and I am looking forward to engaging and working for substantive results. The Tollways not only connect people but they are an economic engine for the neighbourhood which gets enriched abundantly,"

Glenmark launches generic version of diuretic Bumetanide injection

Glenmark Pharmaceuticals Ltd on Tuesday said its US arm has launched its generic version of diuretic Bumetanide injection. In a statement the company said Glenmark Pharmaceuticals Inc., USA (Glenmark) launched Bumetanide Injection of strengths of 1 mg/4 mL (0.25 mg/mL) single-dose vials and 2.5 mg/10 mL (0.25 mg/mL) multi-dose vials. These are the generic version of Bumex injection, 0.25 mg/mL, of Validus Pharmaceuticals LLC, it added. The launch affirms commitment to Glenmark's continued focus on institutional business, company Senior Vice President, Business Development Portfolio, Product Launch & Strategy, Vijay Raghavan said. The Bumex injection, 0.25 mg/mL achieved annual sales of approximately USD 16.5 million, the company said citing IQVIA sales data for the 12-month period ended November 2022.

House GOP kicks off majority with vote to slash $71 bn IRS funding

House Republicans began their tenure in the majority Monday by passing a bill that would rescind nearly USD 71 billion that Congress had provided the IRS, fulfilling a campaign promise even though the legislation is unlikely to advance further. Democrats had beefed up the IRS over the next decade to help offset the cost of top health and environmental priorities they passed last year and to replenish an agency struggling to provide basic services to taxpayers and ensure fairness in tax compliance. The money is on top of what Congress provides the IRS annually through the appropriations process and immediately became a magnet for GOP campaign ads in the fall claiming that the boost would lead to an army of IRS agents harassing hard-working Americans. The bill to rescind the money passed the House on a party-line vote of 221-210. The Democratic-controlled Senate has vowed to ignore it. Shortly before the vote, the nonpartisan Congressional Budget Office projected that rescinding the

US FTC probes Pepsi, Coca-Cola over price discrimination, says report

The US antitrust law prevents large franchises and chains from engaging in price discrimination against small businesses

Decision to withdraw from Iran nuke deal great strategic blunder: Official

The previous Donald Trump administration's decision to withdraw from the JCPOA, a crucial agreement on the Iranian nuclear programme, is one of the greatest strategic blunders of US foreign policy in recent years, a top official has said. The Joint Comprehensive Plan of Action (JCPOA), known commonly as the Iran nuclear deal or Iran deal, was reached in Vienna on July 14, 2015, between Iran and the P5+1 together with the European Union. "This (Joe Biden) administration considers the decision on the part of the last administration to withdraw from the JCPOA, one of the greatest strategic blunders of American foreign policy in recent years," State Department Spokesperson Ned Price told reporters at his daily news conference on Monday. The P5+1 include the five permanent members of the Security Council -- China, France, Russia, the United Kingdom and the United States -- plus Germany, which during the Barak Obama administration had entered into an agreement with Iran. The reason the .

US looking forward to engaging new Israeli govt, says White House

The United States is looking forward to working with the new Israeli government, the Biden administration said and asserted that it supports the normalisation of Arab-Israel relations. Benjamin Netanyahu's Likud party and its far-right and religious allies secured an emphatic victory in the general elections in the Jewish nation last year defeating Yair Lapid. This is Netanyahu's sixth stint as prime minister. "We really do look forward to engaging the Israeli government. I will be going to Israel, and that will be a substantial topic of conversation when I go," US National Security Advisor Jake Sullivan told reporters in New Mexico. The Biden administration, he said, will have the opportunity to engage deeply with the new Israeli government on the threat posed by Iran. "We share the same fundamental objectives. We will work through any differences we have on tactics the same way that we have over the course of the past two years," Sullivan said. "We had Prime Minister Netanyahu fo