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JPMorgan could reach $1 trillion market value by 2030, says Morgan Stanley

Shares of the lender fell about 0.7% in premarket trading Friday morning, putting the stock on track to close lower by more than 2% this week

US commits $2 billion in drones, ammunition, aid in new package to Ukraine

The Pentagon announced a new package of long-term security assistance for Ukraine on Friday, marking the first anniversary of Russia's invasion with a USD 2 billion commitment to send more rounds of ammunition and a variety of small, high-tech drones into the fight. The announcement comes just days after President Joe Biden made an unannounced visit to Kyiv and pledged America's continuing commitment to Ukraine. Biden told President Volodymyr Zelenskyy and his people that "Americans stand with you, and the world stands with you." In a statement on Friday, the Pentagon said the aid includes weapons to counter Russia's unmanned systems and several types of drones, including the upgraded Switchblade 600 Kamikaze drone, as well as electronic warfare detection equipment. It also includes money for additional ammunition for the High Mobility Artillery Rocket Systems (HIMARS), artillery rounds and munitions for laser-guided rocket systems. But, in an unusual move, the Pentagon provided n

Will impose more sanctions on Russia: US treasury secretary Yellen in India

Yellen also met Finance Minister Nirmala Sitharaman for a bilateral meeting on the sidelines of G20

Russian Prez Putin chides West, defends Ukraine invasion in major speech

Russian President Vladimir Putin accused Western countries Tuesday of igniting and sustaining the war in Ukraine, dismissing any blame for Moscow almost a year after the Kremlin's unprovoked invasion of its neighbour that has killed tens of thousands of people. In his long-delayed state-of-the-nation address, Putin cast Russia and Ukraine as victims of Western double-dealing and said Russia, not Ukraine, was the one fighting for its very existence. We aren't fighting the Ukrainian people, Putin said in a speech days before the war's first anniversary on Friday. Ukraine has become hostage of the Kyiv regime and its Western masters, which have effectively occupied the country. The speech reiterated a litany of grievances that the Russian leader has frequently offered as justification for the widely condemned war and ignored international demands to pull back from occupied areas in Ukraine. Observers are expected to scour it for signs of how Putin sees the conflict, which has become

1 dead, 4 wounded, after shooting at Mardi Gras parade in New Orleans

One person has died and four are in stable condition after a shooting during a Mardi Gras parade in New Orleans, police said Monday. The New Orleans Police Department said one suspect was taken into custody shortly after the Sunday night shooting. The department said in a statement that the victims were 3 males, and 2 females. One of the victims is a juvenile. All were taken to the hospital by EMS where one male victim was later pronounced deceased. The four other victims were hospitalised in stable condition. The shooting happened during the Krewe of Bacchus parade, WWL-TV reported. Two guns were recovered, Chief Deputy Superintendent Hans Ganthier said. The superkrewe of Bacchus was temporarily halted in the 1500 block of St. Charles Avenue after the shooting.

Nine Indian states among 50 most vulnerable regions due to climate change

Asia dominated the XDI list, with 114 regions among the top 200 falling in the region

US balloon claim hysterical and absurd, says China's top diplomat Wang Yi

China on Saturday lambasted the US for claiming its balloons as surveillance objects and termed it as "hysterical and absurd".Addressing a gathering of world leaders at the Munich Security Conference, China's top diplomat Wang Yi alleged the US of trying to "smear" the Asian giant while it itself was implementing policies that ran counter to its paradigms such as free trade.Washington, he said, had the wrong view of China as a serious geopolitical challenge and a threat to the United States. "This is a misguided perception of China and with this perception, the United States is using all of its means to smear and clamp down China, and is co-opting other countries to do the same," he said.He said that US President Joe Biden's administration has a "misguided" perception of Beijing."There are many balloons from many countries in the sky. Do you want to down each and every one of them?" said Wang.He also urged the US "not to do such preposterous things simply to divert attention from its .

American communities being torn apart by gun violence, says Prez Biden

Just hours after six people were shot dead in a rural Mississippi town, US President Joe Biden said that American communities are "being torn apart by gun violence".

EB-5 visa: What is it, who can apply and how it is different from H1-B visa

H1-B visa requires a sponsor for the immigrant to stay in the US but no such sponsorship is needed in the EB-5 scheme

As US brings down third UFO in three days, here is all you need to know

The latest event is of the US military shooting down a fourth flying object over Lake Huron in Michigan. This comes after the US has already taken down UFOs in US and Canadian airspace

More than 10 US high-altitude balloons flew in our airspace: China

China on Monday said more than 10 US high-altitude balloons have flown in its airspace during the past year without its permission, following Washington's accusation that Beijing operates a fleet of surveillance balloons around the world. The Chinese allegation comes after the US shot down a suspected Chinese spy balloon that had crossed from Alaska to South Carolina, sparking a new crisis in bilateral relations that have spiralled to their lowest level in decades. Foreign Ministry spokesperson Wang Wenbin gave no details about the alleged US balloons, how they had been dealt with or whether they had government or military links. It is also common for US balloons to illegally enter the airspace of other countries," Wang said at a daily briefing. Since last year, US high-altitude balloons have illegally flown over China's airspace more than 10 times without the approval of Chinese authorities." Wang said the US should first reflect on itself and change course, rather than smear and

US to resume 'domestic visa revalidation' on pilot basis for H-1B holders

In a move that could benefit tens of thousands of foreign tech workers on H-1B and L1 visas, the US is planning to resume domestic visa revalidation in certain categories on a pilot basis with the goal of scaling it up in the next few years. The pilot project, to be launched later this year, when fully implemented, would be a big relief to thousands of Indian tech professionals in the United States. Until 2004, certain categories of non-immigrant visas, particularly the H-1B, could be renewed or stamped inside the US. After that, for renewal of these visas, in particular, those on H-1B, the foreign tech workers have to go out of the country, mostly to their own country to get the H-1B extension stamped on their passport. For all the H-1B visa holders, when their visa is renewed, they need to get their passports stamped with renewal dates. This is required if they wish to travel outside of the US and re-enter the US. As of now, H-1B visa restamping is not allowed within the ...

India 4th most powerful nation in Asia but an 'underachiever': Lowy report

The USA holds the most power in Asia, followed by China and Japan

Online petition launched to extend H-1B visa holders' grace period

Amidst massive layoffs in the American tech sector that have resulted in a large number of Indian professionals being jobless, two Indian-American organisations have launched an online petition urging President Joe Biden to extend the grace period of H-1B visas holders from two months to a year. This means that once fired from a job, a foreign tech worker on H-1B visas would have one year to find a new job instead of the existing duration of 60 days, after which they have to leave the country. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. On behalf of immigrants (from the world, mainly from India and China) as well as naturalised citizens like Indian-Americans, Foundation for India and Indian Diaspora Studies and Global Technology Professionals ...

From China to big sky: The balloon that unnerved the White House

The biggest question was how would China respond to all the furore that was unfolding at a rapid pace as Asia was asleep

Chennai-based pharma firm recalls eye drops from US after 55 adverse cases

A Chennai-based company has recalled its eye drops from the US market after a US govt agency has informed the company that several adverse events had taken place

US jobless insurance claims near historic low despite cooling economy

Applications for US unemployment insurance last week fell slightly, hovering around historically low levels as the labor market holds strong despite a weakening economy

US FTC is preparing potential antitrust lawsuit against Amazon.com

The allegations the agency is preparing to make and the timeline for filing a complaint are still in flux, said the people, who asked not to be named speaking about a confidential probe

Adani rout eases, some relief after companies' market value almost halves

Friday was a relatively less damaging day in the stock rout that's wiped out about $112 billion from 10 Adani Group firms since US-based Hindenburg report

Weak earnings from tech giants call time on stocks rally, US payrolls loom

The MSCI World Stock Index slipped 0.2%, but was still near its highest since last August following a sharp rebound in recent weeks on hopes that central bank rate hikes are nearing an end