Page 4 - Us

US regulators investigates Tesla for steering wheels that can fall off

US auto safety regulators have opened an investigation into Tesla's Model Y SUV after getting two complaints that the steering wheels can come off while being driven. The National Highway Traffic Safety Administration says the probe covers an estimated 120,000 vehicles from the 2023 model year. The agency says in both cases the Model Ys were delivered to customers with a missing bolt that holds the wheel to the steering column. A friction fit held the steering wheels on, but they separated when force was exerted while the SUVs were being driven. The agency says in documents posted on its website on Wednesday that both incidents happened while the SUVs had low mileage on them. Investigators look at how often the problem happens, how many vehicles were affected and at Tesla's manufacturing process. The Model Y is Tesla's top-selling vehicle. Messages were left seeking comment from Tesla, which has disbanded its media relations department. In one complaint filed with NHTSA, an owne

China's foreign minister warns of conflict unless US changes course

China's foreign minister has warned Washington of conflict and confrontation if it fails to change course in relations with Beijing, striking a combative tone amid conflicts over Taiwan, COVID-19 and Russia's invasion of Ukraine. Qin Gang's language appeared to defy hopes China's might abandon confrontational wolf warrior rhetoric. It followed an accusation by Chinese leader Xi Jinping that Western governments led by the United States were trying to encircle and suppress China. Washington's China policy has entirely deviated from the rational and sound track, Qin said at a news conference Tuesday during annual meeting of China's ceremonial legislature. China's relations with Washington and Japan, India and other Asian neighbours have soured as Xi's government has pursued assertive policies abroad. If the United States does not hit the brake, but continues to speed down the wrong path, no amount of guardrails can prevent derailing and there surely will be conflict and confrontation,

Biden administration to relax Covid testing rules for travellers from China

The Biden administration is preparing to relax COVID-19 testing restrictions for travellers from China as soon as Friday, according to two people familiar with the decision. The people, who were not authorized to comment publicly and spoke on the condition of anonymity, said the administration has decided to roll back the testing requirements as cases, hospitalizations and deaths are declining in China and the US has gathered better information about the surge. The restrictions were put in place on December 28 and took effect on January 5 amid a surge in infections in China after the nation sharply eased pandemic restrictions and as US health officials expressed concerns that their Chinese counterparts were not being truthful to the world about the true number of infections and deaths. At the time, US officials also said the restriction was necessary to protect US citizens and communities because there was a lack of transparency from the Chinese government "about the size of the sur

Conflict with America inevitable unless they 'hit the brakes': China

US had been engaging in suppression and containment of China rather than engaging in fair, rule-based competition, Foreign Minister Qin Gang told a news conference

India, US to hold commercial dialogue on March 10 after gap of 3 years

India and the US will hold a commercial dialogue on March 10 after a gap of three years and discuss issues related to trade and investment with a view to further strengthen economic ties, an official statement said on Monday. The last India-USA Commercial Dialogue was held in February 2019. Since then, due to pandemic and other factors it could not be held. "It is proposed to re-launch the dialogue with a strategic outlook with focus on supply chain resiliency and diversification and new emerging areas, after a gap of three years," the commerce ministry said in a statement. US Secretary of Commerce Gina Raimondo will be visiting here between 7-10 March for the dialogue and India-US CEO Forum meet. "During the visit, India-USA Commercial Dialogue and CEO Forum will be held on March 10 to discuss cooperation in various sectors that could unlock new trade and investment opportunities between the two countries," the statement said. The Commercial Dialogue is a cooperative undertaking

US commerce secretary Gina Raimondo begins four-day visit to India

The Commercial Dialogue includes regular government-to-government meetings held in conjunction with private sector meetings, to facilitate trade, and maximise investment opportunities

Indian shares extend rally for 2nd time after strong economic data from US

Most of the Adani group stocks advanced, extending gains after U.S. boutique investment firm GQG Partners' $1.87 billion investment in the conglomerate on Thursday

Hero MotoCorp to collaborate with US-based Zero Motorcycles on e-bikes

Two wheeler major Hero MotoCorp on Monday said it has inked a pact with the US-based Zero Motorcycles to collaborate on premium electric motorcycles. The collaboration combines the expertise of Zero in developing power trains and electric motorcycles with the scale of manufacturing, sourcing and marketing of Hero MotoCorp, the country's largest two wheeler maker said in a statement. In September 2022, Hero MotoCorp's board approved an equity investment of up to USD 60 million in California-based Zero Motorcycles, a leading player in electric motorcycles and powertrains. "Our partnership with Zero Motorcycles is a significant milestone in our journey towards ushering in an era of sustainable clean technology in the mobility space. With Zero as our partner, we look forward to accelerate the transition of electric mobility in India and across our global markets," Hero MotoCorp Chairman & CEO Pawan Munjal said. The company has forayed into the electric scooter segment with the VIDA V1

Amazon plans to shut 8 Go convenience stores in US in cost-cutting effort

As part of its cost-cutting effort, Amazon plans to shut eight of its Go convenience stores in the US

As AI booms, lawmakers struggle to understand the technology

The inaction over A.I. is part of a familiar pattern, in which technology is again outstripping U.S. rule-making and regulation

CEAI urges RBI to stop routing foreign currency deals via US banking system

"This needs an urgent correction, lest we continue to lose every single day. If it is part of some Trade Agreement, it needs an urgent relook. Let this be addressed on top priority," he said

List of the countries that have implemented partial or total ban on TikTok

The U.S. and Canada issued orders this week to ban the use of TikTok on government-issued mobile devices, as privacy and cybersecurity concerns grow over the short-video app. TikTok, which is owned by the Chinese company Bytedance, has long maintained that it does not share data with the Chinese government and that its data is not held in China. It also disputes accusations that it collects more user data than other social media companies, and insists that it is run independently by its own management. Despite TikTok's claims, many countries around the world remain cautious about the platform and its ties to China. Here are the countries and regions that have implemented partial or total bans on TikTok. India India imposed a ban on TikTok and dozens of other Chinese apps, including the messaging app WeChat, in 2020 over privacy and security concerns. The ban came shortly after a clash between Indian and Chinese troops at a disputed Himalayan border killed 20 Indian soldiers and .

US attaches childcare strings to $52-billion subsidy for chip makers

The condition marks an unusual use of the federal government's powers. Officials said the rule was intended to address a worker shortage

US media drops Dilbert as creator calls Black people 'hate group'

Scott Adams, who introduced Asok the IIT-ian to America, is canned after asking white people to 'get away' from Black people

Omicron subvariant XBB.1.5 accounts for 85% new Covid cases in US: CDC

The highly transmissible Omicron subvariant XBB.1.5 now accounts for 85 per cent of all Covid-19 cases reported in the US this week, according to the latest estimates of CDC

US GDP revised lower on weaker consumer spending in fourth quarter

Inflation-adjusted gross domestic product (GDP) increased at a 2.7 per cent annualised rate during the period, Commerce Department data showed

Global economy is in a better place today: US Treasury Secy Janet Yellen

US Treasury Secretary Janet L Yellen on Thursday said the global economy is in a better place today than many predicted just a few months ago, and the outlook has improved. She also stressed on the need for working together to ease the debt overhang that is holding back too many countries. "While there are significant headwinds, it's fair to say that the global economy is in a better place today than many predicted just a few months ago. In the fall, many were worried about a sharp economic slowdown across the world. The challenges we face are real, and the future is always uncertain. But the outlook has improved since we gathered in the fall," Yellen said. Speaking to reporters here, she said, in its most recent estimates, the IMF forecasts global growth of 3.2 per cent during 2023 a notable upgrade from its October report. The progress on our global macroeconomy is a result of our collective work, and it underscores the importance of redoubling our efforts going forward, she ..

Right-wing star Vivek Ramaswamy enters 2024 US Presidential race

his thoughts: no race-based job quota, kill climate religion, decouple from China, no central bank e-currencies

RBI onshore, offshore intervention helps rupee outperform: Traders

The rupee was little changed at 82.80 on the day despite an overnight jump in U.S. Treasury yields, after an unexpected rebound in U.S. business activity

Tesla now cheaper than average new car in the US, says report

Even before those cuts, it was the third best-selling SUV in the US last year, after the Toyota RAV4 and the Honda CR-V