USA News Live: Satellite images show China built mock-ups of US warships – Times of India
Trump slams Biden over ‘most embarrassing’ Afghanistan withdrawal
Former US President Donald Trump slammed President Joe Biden’s administration for its withdrawal from Afghanistan and termed it the “most embarrassing and horrible thing”, reported TOLOnews. Read full story
Bosnia’s presidency pledges no more wars: US envoy
Members of Bosnia’s collective presidency have offered assurances that there will be no repeat of ethnic clashes in the war-scarred nation, a senior US diplomat said on Monday, despite deep tensions triggered by Bosnian Serb separatist moves
US offers $184 million to 158 aviation manufacturing firms
The US Transportation Department will announce on Monday it is offering an additional $184 million in payroll assistance to 158 more aviation manufacturing businesses.
Fed officials turn focus to rate debate, eye on jobs, inflation
US Federal Reserve officials on Monday turned their focus towards a debate over interest rate policy that is likely to intensify in coming months, with one top official saying the conditions for a rate hike could be met next year with job growth expected to continue and inflation already pushing beyond comfortable levels.
Oil lifted by US spending and plans to address prices
Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand and the United States said it was weighing options to address high prices.
US stocks open modestly higher, continuing upward trend
Stocks are opening higher again on Wall Street, continuing an upward trend that has pushed the S&P 500 to five straight weekly gains. The benchmark index was up 0.2% in the early going. The Dow Jones Industrial Average was up 0.4% and the Nasdaq added 0.3%. Small-company stocks outpaced the rest of the market. Tesla sank 4% after CEO Elon Musk said he would sell 10% of his holdings in the company based on the results of a poll he conducted on Twitter over the weekend. This week investors will get reports on inflation and earnings from Disney. Overseas markets were mixed.
Scope for US ‘taper tantrum’ sequel reignites capital debate
Potentially destabilizing disruptions in US Treasuries as the Federal Reserve pares bond buying have rekindled calls for it to change a capital rule which banks say discourages them from supporting the market.
“We’re nowhere near where we need to be” on tackling climate change: Barack Obama
Former US President Barack Obama said on Monday that the bad news for United Nations climate talks was that the world was nowhere near where it needed to be on tackling global warming yet.
Wall St opens higher as industrials rise on infrastructure bill
Wall Street’s main indexes opened higher on Monday, with the Dow hitting a record high as big industrial firms were supported by the passage of a $1 trillion infrastructure bill.
The US power grid is becoming less reliable, with extreme weather leaving more Americans without electricity more often over the past several years, Fitch analysts say
Reliance to sell US shale gas assets
Reliance Industries Ltd has exited the last of its shale gas assets in the US after it agreed to sell its holding in EagleFord shale gas assets for an undisclosed sum of money.
Eager travellers line up for US flights as Covid travel curbs are lifted
Travellers excited at the prospect of reuniting with family and friends headed for the United States on Monday as it lifted travel restrictions slapped on much of the world since the Covid-19 pandemic began.
US proposes rescinding expansion of religious exemption for contractors
The US Department of Labor on Monday announced a proposal that would rescind a Trump administration rule that expanded a religious exemption from anti-discrimination laws for federal contractors.
US defender Chris Richards making his mark in German league
Making a mark in German soccer is far from easy for any player, even more so at perennial champion Bayern Munich.
Cadillac thins out US dealers to get fit for the Tesla challenge
General Motors Co’s Cadillac brand is gearing up to challenge Tesla Inc (TSLA.O) and other rivals in the luxury electric vehicle market with a new electric utility vehicle and nearly 40% fewer US dealers than it had in 2018, the brand’s global chief said.
Oil gains after US infrastructure bill, plans to address prices
Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand and the United States said it was weighing options to address high prices.
Stocks guarded ahead of US inflation test
World shares steadied near record peaks on Monday as risk assets found support from an upbeat US October payrolls report, but they face another test later in the week from a reading on US inflation. The US congressional passage of a long-delayed $1 trillion infrastructure bill also cheered investors, helping crude prices extend their rally, though a broader social safety net plan remains elusive.The U.S. congressional passage of a long-delayed $1 trillion infrastructure bill also cheered investors, helping crude prices extend their rally, though a broader social safety net plan remains elusive.
Iran demands assurance US will not pull out of nuclear deal
Iran on Monday demanded US guarantees it will never again pull out of the 2015 nuclear accord and warned Tehran will not accept any partial return to the deal.
Obama hits Russia, China for “absence of urgency” on climate
Barack Obama is expressing confidence at UN climate talks Monday that the Biden administration will ultimately get its $555 billion climate package through Congress, and faulting US rivals China and Russia for what he calls a “dangerous absence of urgency” in cutting their own climate-wrecking emissions.
Satellite images show China built mock-ups of US warships
Satellite images show China has built mock-ups of a US Navy aircraft carrier and destroyer in its northwestern desert, possibly for practice for a future naval clash as tensions rise between the nations. Read full story
