Page 37 - United States

Trump announces 2024 presidential run, promises to defeat radical Democrats

Former US president Donald Trump is preparing to launch his third campaign for the White House on Tuesday, looking to move on from disappointing midterm defeats and defy history amid signs that his grip on the Republican Party is waning. Trump had hoped to use the GOP's expected gains in last week's elections as a springboard to vault himself to his party's nomination. Instead, he finds himself being blamed for backing a series of losing candidates after Republicans failed to take control of the Senate. While the party was on the cusp of retaking control of the House on Tuesday, it could end up with its narrowest majority in decades. "Hopefully, tomorrow will turn out to be one of the most important days in the history of our Country!" Trump wrote on his social media network on Monday. An announcement was expected at 9 pm EST on Tuesday from his club in Palm Beach. Official paperwork forming the "Donald J Trump for President 2024" campaign committee was filed with the Federal Electi

1.52 mn foreigners visited India in 2021, highest from US: Officials

Over 15 lakh foreigners, including 4.29 lakh US nationals and 2.4 lakh Bangladeshis, had visited India last year when the country was on an extended period of coronavirus restrictions and visa regulations, officials said. Ten countries accounted for 74.39 per cent of the total arrival of foreigners during 2021, while 25.61 per cent of the incoming foreigners were from the rest of the nations, a home ministry official said. A total of 15,24,469 foreigners visited India between January 1 and December 31, 2021. The maximum number of foreigners who visited India during this period were from the United States (4,29,860), followed by those from Bangladesh (2,40,554), United Kingdom (1,64,143), Canada (80,437) and Nepal (52,544). As many as 36,451 citizens from Afghanistan, 33,864 nationals from Australia, 33,772 from Germany, 32,064 from Portugal and 30,374 citizens of France visited India during 2021, the official said. All international flights were suspended during the nationwide ...

Trump's company strikes new overseas deal, raises old ethics issue

Donald Trump's company is licensing its name for a golf resort in Oman in the first of what the company hopes will be several overseas deals, raising conflict-of-interest issues as the former president announced a third run for the White House. The Trump Organization said the licensing deal the first since Trump left office is with Saudi developer Dar Al Arakan and will include a golf course, hotel and thousands of residential units in the Oman capital of Muscat. Trump's son Eric, who oversees the company's global real estate interests, told The Associated Press on Tuesday that the company is no longer bound by a self-imposed restriction not to make foreign deals while his father was president. You can expect more hotel and golf deals overseas in the future, Eric Trump said in a text exchange. Trump announced Tuesday that he is running again for the presidency in a speech from his Palm Beach, Florida, club. Trump's company struck many real estate licensing deals overseas before

Republicans on cusp of gaining House majority, elect McCarthy for speaker

On the cusp of touching the magic number of 218 that would give the Republican a majority in the House of Representatives, party lawmakers elected Congressman Kevin McCarthy on Tuesday for the powerful post of speaker in the next Congress beginning January. McCarthy, who is currently the House Minority Leader, would have to win a majority of the 436 members of the House next year before being formally elected as its speaker. The House speaker is the second in line of political succession after the president and the vice president. As of Tuesday night, Republicans had either won or taken decisive leads in 217 Congressional districts against 206 won by the Democratic Party. Tuesday afternoon, House Republicans voted 188-31 to formally nominate McCarthy to serve as the speaker in the next Congress. He defeated Congressman Andy Biggs, former House Freedom Caucus chairman. "We are going to have the ability to change America," McCarthy said, upbeat as he entered the private meeting. He .

CM Basavaraj Bommai emphasises cooperation with US in pharma sector

Chief Minister Basavaraj Bommai emphasized the importance of setting up a working group between US officials and the Karnataka government for increasing pharma-related R & D as well as drug production in the state.He was interacting with a delegation led by Rahul Gupta, Director of the White House Office of National Drug Control Policy at his Home Office Krishna. Rahul Gupta explained in detail the measures President Joe Biden's Office took to increase cooperation between India and the USA in Drug Policy Formulation and Drug production and in the field of Narcotic Drugs Control.He agreed to initiate necessary dialogue in this direction and sought the indulgence of CM Bommai to facilitate more investments by US companies in the Pharma sector in Karnataka.CM Bommai stated that Karnataka has already become a hub of drug research and welcomed more investments by US companies in drug and vaccine production for the world.The US delegation included Harinder S. Panesar, President of the ..

Judge orders US govt to lift Trump-era asylum restrictions at border

A federal judge on Tuesday ordered the Biden administration to lift the Trump-era asylum restrictions that have been a cornerstone of border enforcement since the beginning of COVID-19. US District Judge Emmet Sullivan ruled in Washington that enforcement must end immediately for families and single adults, calling the ban "arbitrary and capricious". The administration has not applied it to children travelling alone. Sullivan, who was appointed by President Bill Clinton, wrote in a 49-page ruling that authorities failed to consider the impact on migrants and possible alternatives. The ruling appears to conflict with another in May by a federal judge in Louisiana that kept the asylum restrictions. If Sullivan's ruling stands, it would upend border enforcement. Migrants have been expelled from the United States more than 2.4 million times since the rule took effect in March 2020, denying migrants rights to seek asylum under US and international law on grounds of preventing the spread

Estee Lauder to buy US fashion label Tom Ford in $2.8 billion deal

The deal is the latest in a series of acquisitions by Estee Lauder, including taking control of Ordinary skincare brand owner Deciem last year for about $1 billion

US transport dept fines Air India $1.4 mn for delaying refunds of $121 mn

Refunds were on account of flights cancelled during Covid-19 pandemic; AI among six airlines that collectively forked out $600 mn in refunds and $7.25 mn in penalties

Top US Fed regulator urges Congress to impose regulations on cryptocurrency

The top US banking regulator at the Federal Reserve is urging Congress to pass legislation that would impose regulation on crypto currencies in the wake of the swift collapse last week of FTX, a leading crypto exchange. Michael Barr, the Fed's vice chair for supervision, said in prepared testimony released Monday that "recent events in crypto ... have highlighted the risks to investors and consumers associated with new and novel asset classes and activities when not accompanied by strong guardrails." Barr, who took office in July, is scheduled to testify before Congress Tuesday for the first time as vice chair. He did not refer specifically to FTX in his written remarks. Yet his appearance comes after FTX, the third-largest crypto currency exchange, formerly led by Sam Bankman-Fried, filed for bankruptcy Friday. The fall of FTX has rippled throughout the crypto world, with lender BlockFi pausing customer withdrawals. Barr said "some financial innovations offer opportunities, but as

Tesla CEO Elon Musk to face two tough trials this week amid Twitter mess

Taken together, the twin trials represent a critical test for Musk's multitasking skills, reports The Verge.

Six airlines to issue $622 mn in passenger refunds: US transportation dept

The actions helped ensure the carriers paid required refunds "to hundreds of thousands of passengers who had their flights canceled or significantly changed"

Google to pay nearly $400 mn in settlement in location tracking case

Nessel said Google makes the majority of its revenue from using the personal data of those who search in its browsers and use its apps.

It's behind me: Imran Khan takes a U-turn on US conspiracy claim

Imran Khan has said he wants to mend relations with the US if re-elected and no longer blames it for his removal as Pakistan prime minister, apparently taking a U-turn after accusing Washington of engineering his ouster by supporting the then Opposition's no-confidence motion. Khan, 70, who was ousted in April in a no-confidence vote had been claiming that he was the result of a conspiracy between prime minister Shehbaz Sharif and the US, a top security partner to Pakistan that has provided the country with billions of dollars in military aid. He had been claiming that the Opposition's no-confidence motion against him was the result of a foreign conspiracy because of his independent foreign policy on Islamabad's ties with countries like China and Russia and funds were being channelled from abroad to oust him from power. In an interview with the Financial Times following an assassination attempt this month, Khan said he no longer blamed the US and wants a dignified relationship if ..

Fix your companies or Congress will: US Senator Markey warns Elon Musk

US Senator Ed Markey has warned Elon Musk for mocking him on Twitter, telling him to "fix your companies, or Congress will".

US can't stop us from purchasing Russian oil: Pakistan minister Ishaq Dar

Dar, during his visit to the US last month, had a meeting with the officials of the US State Department in which the matter of oil purchase from Russia was discussed

Nancy Pelosi holds open option of another term as House Democratic leader

With control of the House still hanging in the balance, Speaker Nancy Pelosi stayed mum Sunday on her future plans but said congressional colleagues are urging her to seek another term as Democratic leader following a strong showing in the midterm elections. Appearing in Sunday news shows, Pelosi said Democrats are "still alive" in their fight to win the chamber and that she will make a decision on whether to run for House leadership in the next couple weeks. "People are campaigning and that's a beautiful thing. And I'm not asking anyone for anything," she said, referring to House Democratic leadership elections set for November 30. "My members are asking me to consider doing that. But, again, let's just get through the (midterm) election." "A great deal is at stake, because we will be in a presidential election," Pelosi said. Over the weekend, Democrats clinched control of the Senate following Sen. Catherine Cortez Masto's victory in Nevada. But in the House, a majority remains ..

Asian share markets pause as US Fed Reserve warns against exuberance

A modest miss on U.S. inflation was enough to see two-year Treasury yields dive 33 basis points for the week and the dollar lose almost 4%

Must avoid division of global economy into camps led by US, China: UN chief

Guterres said ASEAN countries are well placed to bridge this divide, stressing that "we must have one global economy and global market with access for all."

Top headlines: Twitter Blue likely to be back soon, Nawaz may return to Pak

Business Standard brings you the top headlines this hour

Turkey working on 'peace corridor' between Ukraine, Russia: Erdogan

"The West, especially the US, is attacking Russia almost without limits. Against all this, of course, Russia is putting up resistance," the semi-official Anadolu Agency quoted Erdogan as saying