Page 43 - United States

JSW Steel USA secures $182 mn financing for modernising plate mill

Capital arranged by Italian export credit agency, will be used for Indian company's facility in Texas

US economic growth rebounds in Q3 on trade, but demand is slowing

Gross domestic product increased at a 2.6 per cent annualised rate last quarter, the Commerce Department

Oil rises 3% on strong crude demand, outweighing slack in China fears

Brent crude rose 56 cents, or 0.6%, to $96.25 a barrel by 1057 GMT. U.S. West Texas Intermediate (WTI) crude gained 41 cents, or 0.5%, to $88.32

US President Biden zeroes in on economic message as campaign winds down

President Joe Biden is zeroing in on a largely economic-focused message amid raging inflation and recession risks as he takes his closing argument for the November midterm elections to a hotly contested congressional battleground on Thursday and tries to reassure restive voters around the country. Biden's travels to Syracuse, New York, on Thursday and to Philadelphia on Friday are part of a strategic two-step crafted for a persistently unpopular president: Promote his administration's accomplishments at official White House events while saving the overt campaigning for states where his political power can directly bolster Democratic candidates. The White House of late has paid outsize attention to Pennsylvania, where Democrats are aggressively contesting a Republican-held Senate seat to help offset potential losses in other marquee Senate races. Publicly, the White House and senior Democratic leaders express optimism that they'll defy traditional midterm headwinds and retain control

US economy likely returned to growth, after shrinking in 2 quarters

The problems have hardly gone away. Inflation, still near a 40-year high, is punishing households. Rising interest rates have derailed the housing market and threaten to inflict broader damage. And the outlook for the world economy grows bleaker the longer that Russia's war against Ukraine drags on. But for now anyway, the USD economy has likely returned to growth after having shrunk in each of the first two quarters of 2022. At least that's what economists expect to see on Thursday when the Commerce Department issues its first of three estimates of gross domestic product the broadest measure of economic output for the July-September period. Economists surveyed by the data firm FactSet have predicted, on average, that GDP grew at a 2 per cent annual rate in the third quarter. That would reverse annual declines of 1.6 per cent from January through March and 0.6 per cent from April through June. Consecutive quarters of declining economic output are one informal definition of a ..

Will take US-India relationship to next level again: Donald Trump

Former US President Donald Trump has promised that he will take America's relationship with India to the next level again if he wins the presidential election in 2024. In a Diwali speech organised by Republican Hindu Coalition (RHC) at his Mar-a-Lago resort in Florida, Trump told a gathering of about 200 Indian-Americans that he shared a great relationship with Hindus, India and Prime Minister Narendra Modi. He said he would nominate RHC founder Shalabh Kumar as his ambassador to India if he gets elected as the US president in 2024. A video of Trump's speech at the Diwali reception last Friday was released by RHC on Tuesday, in which the former president says that he has not yet announced if he will run, but if he does, and goes on to win in 2024, he has certain commitments towards the Indian American community. We had support from the Hindu population, the great Hindu people both times (2016 and 2020) and great support from India, people from India. I fully endorsed the idea of ..

'It will continue to be a rough ride, with few places to shelter'

'It will continue to be a rough ride, with few places to shelter. Geographically and geopolitically the US, despite being in the middle of much of the turbulence, should continue to be an attractive '

S Korean chipmaker SK Hynix may sell its manufacturing operations in China

South Korean computer chipmaker SK Hynix said on Wednesday it might be forced to sell its manufacturing operations in China if a US crackdown on exports of semiconductor technology and manufacturing equipment to China intensifies. SK Hynix's chief marketing officer, Kevin Noh, raised those concerns during a conference call on Wednesday after the company reported its operating profit dropped 60 per cent in the last quarter from 2021, a decline it blamed on a deteriorating business environment. Global inflation amplified by Russia's war on Ukraine and rising interest rates imposed by central banks to counter surging prices have slowed consumer spending on the kinds of high-tech products requiring computer chips. SK Hynix and other semiconductor makers are also navigating new US restrictions on exports of advanced semiconductors and chipmaking equipment to China. Such limits were in part imposed to prevent use of American advanced technology in China's military development. SK Hynix s

US vows full range of military defence of allies against North Korea

The United States will make full use of its military capabilities, including nuclear, conventional and missile defense," to defend its allies Japan and South Korea, U.S. Deputy Secretary of State Wendy Sherman said Tuesday as she warned North Korea against escalating its provocations. Sherman said North Korea's repeated firings of ballistic missiles and artillery in recent weeks were provocative military actions. North Korea has described them as practice runs for the use of tactical nuclear weapons. This is deeply irresponsible, dangerous, and destabilizing, Sherman said in talks in Tokyo with South Korean First Vice Foreign Minister Cho Hyundong. The two officials met ahead of a three-way meeting with their Japanese counterpart on Wednesday. It would be the second in-person meeting of the three officials since conservative South Korean President Yoon Suk Yeol took office in May, signaling an improvement in difficult ties between Japan and South Korea. A year ago, Japanese and Sout

Ahead of midterms, Joe Biden's job approval back down to 40%: Poll

A latest poll has revealed that US President Joe Biden's job approval rating has slipped back to 40 per cent

S Korea, US, Japan hold talks amid speculation on N Korea nuke test

Senior diplomats of South Korea, the US and Japan held high-level talks on Wednesday on regional and global security issues amid concerns over the possibility of a North Korean nuclear test

Biden congratulates UK PM Sunak; discuss Russia-Ukraine conflict with him

US President Joe Biden on Tuesday made a congratulatory phone call to new British Prime Minister Rishi Sunak, the White House said. The leaders agreed on the importance of working together to support Ukraine and hold Russia accountable for its aggression, address the challenges posed by China, and secure sustainable and affordable energy resources, the White House said in a readout of the call. The two leaders also reaffirmed the special relationship between the US and the United Kingdom, underscoring their desire to further enhance cooperation on issues critical to global security and prosperity, it said. They discussed their shared commitment to protecting the gains of the Belfast/Good Friday Agreement and the need to maintain momentum toward reaching a negotiated agreement with the European Union on the Northern Ireland Protocol, it added. Soon after the phone call, Sunak said the US and the UK were the closest of allies. I look forward to working together with the US President

Biden gets updated Covid-19 booster shot; urges people to get vaccinated

President Joe Biden rolled up his sleeve and got his updated COVID-19 booster shot on Tuesday, as he urged millions of people who have yet to be boosted to do so by Halloween, if possible, so they can gather safely with family and friends this holiday season. Get vaccinated, he said, noting that it's free. Not enough people are getting it. Biden also called on Congress to provide the billions of dollars the administration has requested to buy additional vaccines, tests and treatments. Some lawmakers have balked at the request for more than $20 billion in new coronavirus funding. Biden, who was flanked by his COVID-19 response team, declared that the fight against the spread of virus is global in nature and the funding we seek is critical to that effort. Over 20 million people, including nearly 1 in 5 older adults, have gotten the updated COVID-19 booster, the White House said. The vaccine has been reformulated to target the BA.4 and BA.5 subvariants of omicron, the most dominant ..

US vows full military defence of allies against North Korea: Wendy Sherman

The United States will make full use of its military capabilities, including nuclear, conventional and missile defence," to defend its allies Japan and South Korea, US Deputy Secretary of State Wendy Sherman said Tuesday as she warned North Korea against escalating its provocations. Sherman said North Korea's repeated firings of ballistic missiles and artillery in recent weeks were provocative military actions. North Korea has described them as practice runs for the use of tactical nuclear weapons. This is deeply irresponsible, dangerous, and destabilizing, Sherman said in talks in Tokyo with South Korean First Vice Foreign Minister Cho Hyungdong. The two officials met ahead of a three-way meeting with their Japanese counterpart on Wednesday. It will be second in-person meeting of the three officials since conservative South Korean President Yoon Suk Yeol took office in May, signalling an improvement in difficult ties between Japan and South Korea. A year ago, Japanese and South ...

Chinese firm shares slump in US as President Xi Jinping starts third term

Shares of Chinese firms listed in the US have slumped on concerns that President Xi Jinping will continue with his ideology-driven approach at the cost of economic growth

Nasa kicks off study to unravel unidentified aerial phenomena or UFOs

NASA has kicked off a study to help scientists learn more about unidentified aerial phenomena (UAP) or UFOs (unidentified flying objects).

Former Minneapolis police officer pleads guilty in death of George Floyd

A former police officer of Minneapolis in Minnesota state of the US pleaded guilty in the death of African American man George Floyd

Was able to become US vice prez because of my mother: Kamala Harris

United States Vice President Kamala Harris attributed her success to the dedication, determination and courage of her Indian American mother. Harris is the first Indian-origin vice president of the US. It is because of her dedication, her determination and her courage that I stand before you as vice president of the United States, Harris told a gathering of more than 200 eminent Indian Americans at a White House Diwali reception hosted by President Joe Biden and First Lady Jill Biden. She recollected her frequent visits to Chennai as a child and celebrating Diwali with grandparents. I have such fond memories of celebrating Diwali as a child. Like many of you, we would go to India about every other year, avoiding the monsoon season, and we would go for Diwali. I have such fond memories of waking up in the middle of the night, me and my sister Maya, and going, of course, to the eldest in our family, which was our grandfather. And later in the day, my mother would give us little ...

N Korea believed to be continuing preparations to conduct nuclear test: US

North Korea is believed to be "continuing preparations" for a nuclear test while the US is set to face any threat posed by the "recalcitrant" country, a state department spokesperson said

Delaware man who stormed Capitol with dad gets 2 years in prison

A Delaware man who stormed the US Capitol on January 6, 2021, with his Confederate flag-toting father was sentenced on Monday to two years behind bars. Hunter Seefried, 24, was convicted alongside his father of felony and misdemeanor charges by US District Judge Trevor McFadden in June. Hunter and Kevin Seefried opted for a bench trial, which is decided by a judge, rather than have their case be heard by a jury. The father and son travelled to Washington from their home in Laurel, Delaware, to hear Trump's speech at the Stop the Steal rally on January 6. They were among the first rioters to approach the building near the Senate Wing Door, according to prosecutors. After watching other rioters use a police shield and a wooden plank to break a window, Hunter Seefried used a gloved fist to clear a large shard of glass in one of the broken windowpanes, prosecutors said. The judge found that two other rioters had destroyed the window before Seefried cleared the piece of glass. Widely ..