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India-US relations will be on a very firm footing with Trump's victory: Jyotiraditya Scindia

India-US relations will be on a very firm footing with Trump's victory: Jyotiraditya Scindia

Wed, Nov 06, 2024

India and US relationship will be on "a very firm footing" with Donald Trump returning to the White House, as the cooperation between the two nations extends from environment to technology, space and defence, Union Minister Jyotiraditya Scindia said Wednesday.

China's exports grow 7% in July, less than forecasts, while imports pick up pace

China's exports grow 7% in July, less than forecasts, while imports pick up pace

Wed, Aug 07, 2024

Imports climbed 7.2% to $215.9 billion, picking up momentum on stronger trade with other Asian countries that now supply many industrial components, materials and consumer products to China. Exports to the United States rose 2.4% year-on-year while shipments to Southeast Asian countries, now Beijing's biggest trading partner overall, jumped 11%.

Shortages key to copper's upward price trajectory to new peaks

Shortages key to copper's upward price trajectory to new peaks

Tue, Apr 23, 2024

A pick-up in manufacturing activity, particularly in top consumer China where surveys of purchasing managers have started to show expansion has also contributed to enthusiasm for copper which this week hit a two-year peak at $9,988 a ton for a gain of 25 per cent since early October.

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US hits allies Canada, Mexico and the European Union with tariffs as trade war fears rise

Thu, May 31, 2018

US President Donald Trump announced the tariffs in March as part of an effort to protect U.S. industry and workers from what he described as unfair international competition. Temporary exemptions were granted to a number of nations and permanent ones to several countries including Australia, Argentina and South Korea.

WTO sets up panel to resolve India-US renewable energy case; hearing soon

WTO sets up panel to resolve India-US renewable energy case; hearing soon

Fri, May 11, 2018

India had alleged that the measures of those American states are inconsistent with WTO's Agreement on Trade-Related Investment Measures and the Agreement on Subsidies and Countervailing Measures. They are inconsistent because they provide less favourable treatment to imported products vis-a-vis domestic products, and because the subsidies are contingent on the use of domestic over imported goods, India had stated in its application to WTO.

US, Mexico and Canada hasten NAFTA talks as elections loom

US, Mexico and Canada hasten NAFTA talks as elections loom

Sun, Apr 15, 2018

On the sidelines of the Summit of the Americas in Lima, Peru, Mexican President Enrique Pena Nieto, U.S. Vice President Mike Pence and Canadian Prime Minister Justin Trudeau said they thought an agreement could be reached before Mexican elections on July 1, although they also said no deadlines had been set

Facebook says data leak hits 87 million users, widening privacy scandal

Facebook says data leak hits 87 million users, widening privacy scandal

Thu, Apr 05, 2018

Chief Executive Mark Zuckerberg said in a conference call with reporters that Facebook had not seen "any meaningful impact" on usage or ad sales since the scandal, although he added, "it`s not good" if people are unhappy with the company.

JSW Steel agrees to buy US-based Acero Junction for $81 million

JSW Steel agrees to buy US-based Acero Junction for $81 million

Thu, Mar 29, 2018

The deal comes shortly after the steelmaker`s U.S. unit signed an agreement on Monday with the Texas governor`s office to invest $500 million to build out its operations in Texas, amid heightened global trade tensions following US President Donald Trump`s decision to pursue steep import tariffs.

India seeks waiver from US steel and aluminium tariffs

India seeks waiver from US steel and aluminium tariffs

Wed, Mar 28, 2018

The United States accounts for 2 percent of India`s steel exports but the move comes at a time when long-festering trade differences between the two countries are already aggravated, triggered by tariffs that India has imposed on dozens of products in recent months as part of steps to boost the domestic industry.

JD-U has no links with CA or my son's firm: K.C. Tyagi

JD-U has no links with CA or my son's firm: K.C. Tyagi

Fri, Mar 23, 2018

After his son`s name cropped up in connection with the controversial British firm Cambridge Analytica (CA), JD-U secretary general K.C. Tyagi on Thursday said his son`s company has only "professional links" with the CA and that the government can investigate the links.

Setback for India: US senator wants to protect call centre jobs for Americans

Setback for India: US senator wants to protect call centre jobs for Americans

Tue, Mar 20, 2018

According to a study by the Communications Workers of America, the largest communications and media labour union in the US, India and the Philippines are the top two destinations for US companies off-shoring call center jobs. American companies also have opened call centers in countries including Egypt, Saudi Arabia, China and Mexico, the study noted.

Mammoth Infosys jobs drive to create 1,000 jobs for Americans to woo Donald Trump admin

Mammoth Infosys jobs drive to create 1,000 jobs for Americans to woo Donald Trump admin

Thu, Mar 15, 2018

Infosys jobs drive in US: The Hub will include insurance and healthcare labs that focus on smart underwriting, claims fraud, Internet of Things and Cloud, and will employ data security and data-sharing features to help Infosys clients comply with all applicable privacy laws while promoting innovation, the statement said.

Trade war with US to bring disaster to global economy: China

Trade war with US to bring disaster to global economy: China

Sun, Mar 11, 2018

Any trade war with the United States will only bring disaster to the world economy, Chinese Commerce Minister Zhong Shan said on Sunday, as Beijing stepped up its criticism on proposed metals tariffs by Washington amid fears it could shatter global growth.

China says ready for trade war as President Trump tariffs loom

China says ready for trade war as President Trump tariffs loom

Thu, Mar 08, 2018

China warned the United States today that everyone will be harmed if President Donald Trump launches a trade war, as official figures showed the Asian power maintained a robust trade surplus with the US.

President Trump threatens to tax European auto imports

President Trump threatens to tax European auto imports

Sun, Mar 04, 2018

US President Donald Trump kept up pressure on trading partners on Saturday, threatening European automakers with a tax on imports if the European Union retaliates against his plan to slap tariffs on aluminium and steel. Trump`s tweet suggested he is refusing to yield to U.S.

India should make efforts to lower tariff, non-tariff barriers: US

India should make efforts to lower tariff, non-tariff barriers: US

Fri, Feb 16, 2018

Trump, during a discussion with members of the Congress over steel industry, early this week threatened to increase the tariff on import of Indian motorcycles to the US.

Amazon to pay $1.2 million in settlement over pesticide sales, US says

Amazon to pay $1.2 million in settlement over pesticide sales, US says

Fri, Feb 16, 2018

Amazon`s violations were for selling and distributing imported pesticide and insecticide products that had been not licensed for sale in the United States, the EPA said.

Gold rises on weaker US dollar ahead of US inflation data

Gold rises on weaker US dollar ahead of US inflation data

Mon, Feb 12, 2018

Spot gold rose 0.6 percent to $1,323.68 per ounce at 0435 GMT. Last week, the precious metal fell 1.2 percent for a second consecutive weekly decline.

Yellen to join Brookings Institution after leaving Fed

Yellen to join Brookings Institution after leaving Fed

Sat, Feb 03, 2018

US Federal Reserve chair Janet Yellen will join the Brookings Institution, a Washington-based think tank, after the expiry of her term as Fed chair.

Tech industry urges Trump admin to keep work permits for H-1B spouses

Tech industry urges Trump admin to keep work permits for H-1B spouses

Fri, Jan 19, 2018

The H-1B programme offers temporary US visas that allow companies to hire highly skilled foreign professionals working in areas with shortages of qualified American workers. This work visa is highly popular among Indian IT professionals.

Major automakers urge Trump administration: don't ditch NAFTA

Major automakers urge Trump administration: don't ditch NAFTA

Tue, Jan 16, 2018

President Trump has threatened to withdraw from NAFTA, which is heavily utilized by automakers that have production and supply chains spread across the three countries.

LeEco founder defies China return order, stays in US for car fundraising

LeEco founder defies China return order, stays in US for car fundraising

Tue, Jan 02, 2018

The founder of debt-laden tech conglomerate LeEco has defied orders from Chinese regulators to return to the country before end-2017, saying he needed to stay in the United States as a fundraising for his electric car startup was making progress.

H-1B visa: Trump proposal may lead to mass deportation of Indians

H-1B visa: Trump proposal may lead to mass deportation of Indians

Tue, Jan 02, 2018

The move is aligned with President Donald Trump’s “Buy American, Hire American” vision to boost manufacturing and protect local jobs for Americans.

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