US

Meta plans to fire 10,000 employees in second round of layoff

The latest layoffs, announced on Tuesday, come after Meta said in November that it was eliminating approximately 13% of its workforce, or 11,000 jobs, in the single largest round of cuts in the company's history, CNN reported.

2023-03-14T14:16:24.714400+00:00 IST

AUKUS: US, UK Australia announce nuclear-powered submarine project

Biden said, "United Nations will sell three submarines to Australia with the potential to sell two more if needed. The ultimate goal is not just selling submarines to Australia, it is developing something new together, we are calling it the SSN-AUKUS."

2023-03-14T05:07:40.516912+00:00 IST

US must treat India's G20 presidency as wake-up for its future

But while there is constant establishment fanfare over established alliances in East Asia, the reality is that the opportunity of such states pales in comparison to what India can offer going forward. It is time the United States looked toward better building new bridges than simply preserving old ones.

2023-03-14T01:23:39.878306+00:00 IST

US raises concern over North Korea's 7th nuclear test

The US on Monday (local time) raised concern over possible North Korea's 7th nuclear test and urged the international community to take concerted action in response to such a destabilizing event.

2023-03-14T00:31:10.773754+00:00 IST

China to restart broad visa approvals halted due to pandemic

While most other countries began reopening to international travel earlier, China only began emerging from its zero-Covid policies in late 2022, after protests broke out against the hardline restrictions.

2023-03-14T00:08:50.767352+00:00 IST

President Biden says US banking system safe

"Small businesses across the country that had accounts at Silicon Valley Bank and Signature Bank can breathe easier knowing they'll be able to pay their workers. It won't cost taxpayers a dime. This is paid for with the fees that banks pay into Deposit Insurance Fund," said Biden.

2023-03-13T23:46:23.772555+00:00 IST

Shares of US regional banks plummet by 75 pc

Shares of bigger banks were less affected, but not immune. Citigroup and Wells Fargo fell over 4 per cent, Bank of America fell over 3 per cent, and JPMorgan Chase dipped by around 1 per cent. The KBW bank index, which tracks the performance of 24 major banks, fell 10 per cent, adding to sharp losses last week that erased nearly USD 200 billion from the aggregate value of the banks in the index, New York Times reported.

2023-03-13T16:53:30.037866+00:00 IST

China's 'Digital Silk Road' in Africa, US suspects spying

A group of US lawmakers recently drafted a resolution criticizing South Africa's government for its close relations with Beijing, including its use of Chinese technology, and called on President Joe Biden to review Americans' relationship with Pretoria, South Africa, Global Security reported. The resolution was introduced in the US House of Representatives as South Africa conducted naval exercises with China and Russia in February. There are US concerns about the surveillance risks of Chinese telecommunications, but some analysts say it falls on each government to responsibly use technologies, and China is not the only player in the tech industry.

2023-03-13T14:07:24.536567+00:00 IST

US lacks explosive firepower to deter China

China has surpassed the US in the development of new explosives. This includes the development of its own version of CL-20, an explosive created in the 1980s that is 40 per cent more powerful than RDX or HMX and has been used extensively in US munitions since World War II.

2023-03-13T10:56:26.636508+00:00 IST

US bails out SVB depositors, says will get all their money back

"Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer," read the statement.

2023-03-13T02:00:51.611566+00:00 IST

US: California storm leaves at least two dead, breaks levee

In Los Angeles, heavy rains downed power lines hitting a car and then electrocuting a man who later died in the hospital, while in Victorville, firefighters said one motorist died when their car was submerged.

2023-03-12T23:40:06.488206+00:00 IST

US officials deny Iranian claims of prisoner swap deal

"Statements from Iranian officials that a deal regarding the exchange of prisoners has been reached are another especially cruel lie that only adds to the suffering of their families," State Department spokesperson Ned Price told CNN.

2023-03-12T22:14:35.579014+00:00 IST

US Treasury Secretary Yellen rules out bailout for bankrupt SVB

"And the reforms that have been put in place mean that we're not going to do that again. But we are concerned about depositors and are focused on trying to meet their needs," she added.

2023-03-12T20:16:18.535546+00:00 IST

Iran's growing influence in Venezuela challenges West

The US research group Foundation for Defense of Democracies said in a report last December that CICL is a Latin American branch of Iran's al-Mustafa International University, which the report describes as Tehran's principal institution for recruiting, indoctrinating and training foreign converts to Shi'ite Islam, VOA reported.

2023-03-12T17:40:19.640994+00:00 IST

US: At least eight people killed after boat capsizes

Authorities rushed to the site of the incident at around 11:30 pm (local time) after a person on a separate panga boat called 911 to report about victims in the water.

2023-03-12T17:39:54.135581+00:00 IST

"India, Australia deepening security ties"

Australian Prime Minister Anthony Albanese on his first visit to India since 2017, said that later in 2023, India would for the first time, participate in a major Australian and U.S. military exercise. He said that Australia and India will work together on clean energy, including manufacturing solar panels.

2023-03-12T05:52:57.709914+00:00 IST

Australia, US, UK leaders to unveil nuclear submarine partnership

US President Joe Biden, Australian Prime Minister Anthony Albanese and British Prime Minister Rishi Sunak will gather in the California naval hub to flesh out military cooperation as concerns grow over a fast-rising China.

2023-03-12T01:23:25.250143+00:00 IST

Biden appoints two Indian-American CEOs to Advisory Committee

Biden announced a team of 14 people who will be a part of the US Advisory Committee - Revathi Advaithi, Manish Bapna, Timothy Michael Broas, Thomas M Conway, Erica RH Fuchs, Marlon E Kimpson, Ryan, Shonda Yvette Scott, Elizabeth Shuler, Nina Szlosberg-Landis and Wendell P Weeks, read the White House press release.

2023-03-11T19:01:33.204586+00:00 IST

Pak FM Bilawal Bhutto fumbles and calls India "friend"

While addressing a Press conference on the outcome of the Women in Islam Conference and Commemoration of the First Islamophobia Day, on the sidelines of the Commission on the Status of Women (CSW), while answering a Media question, Pakistan Foreign Minister Bilawal Bhutto referred to India as a "friend" for a brief moment and immediately called India a "neighbouring" country. While speaking to the journalists regarding the Kashmir issue, he said it is an "uphill task" that Pakistan faces to try and get Kashmir into the centre of the agenda at the United Nations.

2023-03-11T13:26:57.538943+00:00 IST

China leading in hypersonic weapons: US defence officials

"Over the past two decades, China has dramatically advanced its development of conventional and nuclear-armed hypersonic missile technologies and capabilities through intense and focused investment, development, testing and deployment," said the DIA's Paul Freisthler, testifying in front of the House Armed Services Committee.

2023-03-11T12:52:01.641790+00:00 IST

Facebook parent Meta plans new layoffs: Report

The first job losses are expected to be announced next week, with non-engineering roles expected to be hit hard, The Wall Street Journal reported Friday. Some projects and teams are also expected to be shot down.

2023-03-11T01:02:35.773232+00:00 IST