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'Soft landing' is unlikely for US economy, says JP Morgan's Jamie Dimon

Jamie Dimon said the Federal Reserve probably can't cool the red-hot economy without bringing on a recession.

Biden administration extends Covid public health emergency till Jan 11

The Biden administration said on Thursday that the COVID-19 public health emergency will continue through January 11 as officials brace for a spike in cases this winter. The decision comes as the pandemic has faded from the forefront of many people's minds. Daily deaths and infections are dropping and people many of them maskless are returning to schools, work and grocery stores as normal. The public health emergency, first declared in January 2020 and renewed every 90 days since, has dramatically changed how health services are delivered. The declaration enabled the emergency authorisation of COVID vaccines, testing and treatments for free. It expanded Medicaid coverage to millions of people, many of whom who will risk losing that coverage once the emergency ends. It temporarily opened up telehealth access for Medicare recipients, enabling doctors to collect the same rates for those visits and encouraging health networks to adopt telehealth technology. Since the beginning of thi

US Supreme Court rejects Trump's plea for legal fight into Mar-a-Lago case

The Supreme Court on Thursday rejected former President Donald Trump's plea to step into the legal fight over the FBI search of his Florida estate. The justices did not otherwise comment in turning away Trump's emergency appeal. Trump had pressed the court on an issue relating to classified documents seized in the search authorized by a federal judge of Mar-a-Lago. The Trump team was asking the justices to overturn a lower court ruling and permit an independent arbiter, or special master, to review the roughly 100 documents with classified markings that were taken in the Aug. 8 search of Mar-a-Lago. A three-judge panel from the Atlanta-based U.S. Court of Appeals for the 11th Circuit last month limited the special master's review to the much larger tranche of non-classified documents. The judges, including two Trump appointees, sided with the Justice Department, which had argued there was no legal basis for the special master to conduct his own review of the classified records. Bu

New York Attorney General moves court to block Trump from moving assets

New York Attorney General Letitia James has asked a state court to block the Trump Organization from moving its assets from Manhattan to an entity in Delaware and continuing "it's decade long fraud"

Active shooting underway at residential area of Raleigh in North Carolina

An active shooter is on the loose in a residential area of Raleigh in the US state of North Carolina, police said on Thursday

India calls for collective prevention of aggravating risks: FM Sitharaman

: Union Finance Minister Nirmala Sitharaman on Thursday called for collective responsibility to prevent the risks from aggravating. Sitharaman said that India's efforts will be to encourage conversations that recognise our inter-dependencies, our shared wisdom, and our collective aspiration for a safe, peaceful and prosperous world. Today's global economy faces a confluence of challenges and it is our collective responsibility to prevent the risks from aggravating, the finance minister said in her speech during the closing session of the G-20 finance ministers and central bank governors here being held on the sidelines of the annual meetings of the International Monetary Fund and the World Bank. India will head the annual rotating presidency of G-20 next year. In her remarks, the finance minister said that India views the hosting of the G20 Presidency as an opportunity as well as a responsibility. Rebuilding trust in multilateralism is at the core of India's thinking, she told her

US dollar surges to new 24-year high versus yen; sterling rallies

The dollar climbed to a fresh 24-year peak versus the yen on Wednesday, holding above levels that prompted intervention by Japanese officials last month

Govt permits exporters to ship raw sugar to US under TRQ till Dec 31

The government on Wednesday permitted the export of specified quantity of raw sugar to the US under the Tariff-Rate Quota (TRQ) till December-end this year. Earlier, it was permitted till September 30. "The validity for export of raw sugar to the US under TRQ has been extended from September 30, 2022 to December 31, 2022," the Directorate General of Foreign Trade (DGFT) said in a public notice. TRQ is a quota for a volume of exports that enters the US at relatively low tariffs. After the quota reaches its limit, a higher tariff is applicable to additional shipments. In May, the government permitted additional export of 2,051 metric tonne of raw sugar under the TRQ to the US for its fiscal year ending September 30, 2022. With this quantity, total sugar export to the US under TRQ during its fiscal year 2022 would be 10,475 MT. India, the world's second-biggest producer and the largest consumer of sugar, has a preferential quota arrangement for sugar export with the European Union as

Chiranjeevi, Salman Khan starrer 'GodFather' breaches $1.1 mn mark in US

Megastar Chiranjeevi and Superstar Salman Khan's latest movie 'GodFather' has breached the 1.1 million dollar mark in the US and still going strong

Biden to mark Diwali at White House on Oct 24, Trump at his Florida resort

US President Joe Biden plans to celebrate Diwali at the White House on October 24 while his predecessor Donald Trump is working on celebrating the festival of lights at his Mar-a-Lago resort in Florida on October 21. Biden plans to celebrate Diwali with eminent members of the Indian American community and members of his administration. First Lady Jill Biden will also join the festivities at the White House on October 24. Details of Diwali celebrations at the White House are still being worked out. Meanwhile, the Republican Hindu Coalition (RHC) on Tuesday announced that Trump would celebrate Diwali with its members and Indian American community leaders at his Mar-a-Lago resort on October 21. It is being planned for four hours, said Shalabh Kumar from RHC, adding that the Trump team was exploring the possibilities of fireworks as well.

Man charged for Sikh family's kidnapping, murder in California: Authorities

The man involved in the kidnapping and killing of an Indian-origin Sikh family, including an eight-month-old baby, has been charged with four counts of first-degree murder, one for each life lost, authorities in California said. The Sikh family of four, 8-month-old Aroohi Dheri, her 27-year-old mother Jasleen Kaur, her 36-year-old father Jasdeep Singh, and her 39-year-old uncle Amandeep Singh were kidnapped and killed by a former disgruntled employee of their trucking company last week. Jesus Salgado, the man involved in the kidnapping and killing was arrested on October 6. He was charged on Monday with four counts of first-degree murder, one for each life lost, prosecutors were quoted as saying by the Los AngelesTimes. The Merced County district attorney's office said in a news release that it would not make a determination this year on whether to pursue the death penalty in the case of Salgado, 48. District Attorney Kimberly Lewis declined to comment on the case beyond the charge

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

1 dead, 6 injured after shooting at downtown nightclub in Florida's Tampa

One person was killed and six people were injured in a shooting early Sunday morning at a downtown nightclub in the US state of Florida, police officials said.The police said that they are investigating a shooting that occurred at a downtown nightclub in Tampa."Just before 3 am on October 9, officers responded to the report of shots fired near the LIT Cigar & Martini Lounge at 908 N Franklin St. Officers arrived to find one adult male victim deceased on scene from an apparent gunshot wound," Tampa Police said in a statement posted on Twitter."Six additional gunshot victims, four adult males and two adult females, were transported to nearby hospitals with non-life-threatening injuries," the statement added.The police said a preliminary investigation suggests that a verbal altercation occurred between two large parties inside the lounge.The parties were escorted outside, where the altercation escalated when at least one suspect went to a vehicle to retrieve a gun and fired ...

China continues repression campaign against Tibetan community: US diplomat

China continues to wage a campaign of repression against the Tibetan community, according to a top US diplomat, who believes that Beijing plans to install a Dalai Lama of its own choosing

Nord Stream explosions show the deep sea is now a zone of conflict

The series of pipeline explosions have yet to be definitively proved as sabotage or attributed to any nation, but most analysts believe that the likely culprit is Russia.

Twitter launches its 'Edit Tweet' feature for verified subscribers in US

After rolling out its much anticipated 'Edit Tweet' button in select countries, microblogging site Twitter has started rolling out the same feature for Blue subscribers in the US

Reconsider travel to Pakistan due to terrorism, sectarian violence: US

The US has urged its citizens to reconsider travel to Pakistan, especially its restive provinces, due to terrorism and sectarian violence. In a travel advisory issued on Thursday, the US State Department urged its citizens not to travel to Balochistan and Khyber Pakhtunkhwa (KPK) provinces, including the former Federally Administered Tribal Areas (FATA), due to terrorism and kidnapping. "Reconsider travel to Pakistan due to terrorism and sectarian violence. Some areas have increased risk," it said, putting the advisory to Level 3. Level 3 travel warning is issued when a long-term or serious situation puts travellers and visitors at risk, and non-essential travel to the destination should be avoided. The advisory also recommended Americans not to travel in the immediate vicinity of the Line of Control (LoC) due to terrorism and the potential for armed conflict. Noting that terrorist groups continue plotting attacks in Pakistan, it said a local history of terrorism and ongoing ...

US aircraft carrier, S Korea warships start new naval drills amid tensions

The nuclear-powered aircraft carrier USS Ronald Reagan launched a new round of naval drills with South Korean warships on Friday, a day after North Korea fired more ballistic missiles and flew warplanes in an escalation of tensions with its rivals. The Reagan and its battle group returned to the waters near the Korean Peninsula after North Korea earlier this week launched a nuclear-capable missile over Japan in response to the carrier group's earlier training with South Korean navy ships. North Korea views US-South Korean military exercises as a practice to invade the country. The latest two-day drills, which also involve US and South Korean destroyers and other ships, were taking place in international waters off the peninsula's east coast. The drills are aimed at bolstering the allies' defence capabilities and will involve training to escort the Reagan southeast of South Korea's southern island of Jeju, South Korea's Joint Chiefs of Staff said in a statement. We will continue to .

India, US, UK, France condemn North Korea's ballistic missile launch

India, joining the US, UK and France, has strongly condemned North Korea's ballistic missile launch which overflew Japan, with New Delhi underlining that these launches affect the peace and security of the region and beyond. The missile fired on Tuesday was the first from North Korea to fly over Japan in five years. The launch mark the 24th time this year that North Korea has conducted missile tests. We have noted with concern the reports of ballistic missile launches by the DPRK (Democratic People's Republic of Korea), India's Permanent Representative to the UN Ambassador Ruchira Kamboj said at a UN Security Council meeting on DPRK on Wednesday. "These follow the launch of the intercontinental ballistic missile by the DPRK in March this year, which was discussed in this Council, as well as other successive launches, she said. Later, US Ambassador to the UN Linda Thomas-Greenfield delivered a joint statement on behalf of Albania, Brazil, France, India, Ireland, Japan, Norway, South

US looking to ease sanctions on Venezuela to boost oil supply: Report

The deal may be announced by the end of October and will allow US oil companies to drill oil in Venezuela, Nicolas Maduro will hold a free, fair presidential elections in 2024 in return