US finalises $4.7 billion in CHIPS Act subsidy to Samsung
The US Commerce Department has awarded Samsung Electronics up to $4.745 billion in direct funding to support the South Korean tech giant’s chipmaking investment in central Texas, as it strives to strengthen domestic semiconductor production. The announcement came after the department announced a
Department of Justice case against Adani ‘flimsy, baseless’: Mahesh Jethmalani on US attorney’s resignation
The US Department of Justice’s (DoJ) indictment of Adani Group officials in an alleged bribery case is “extremely flimsy,” senior advocate Mahesh Jethmalani said on Friday, as Breon Peace, the US Attorney behind the case, announced his resignation. According to reports, Brooklyn US
US and India discuss advancing space partnership, announce initiatives
The US and India are set to strengthen space cooperation, including human spaceflight and joint space exploration, and are expected to facilitate commercial partnerships between space companies of both countries to advance shared interests in the growing space economy. After US President Joe
US stock market reacts to Fed’s rate cut: analysts see overreaction, eye opportunities
By Dr. Avi Verma, IndoUS Tribune U.S. stock markets experienced a sharp decline following the Federal Reserve’s latest policy move, with the S&P 500 and Dow Jones dropping nearly 3%, and the Nasdaq 100 falling by almost 4%. The sell-off was triggered by
Trump pressures EU to boost US energy imports, threatens tariffs
Former U.S. President Donald Trump has urged the European Union to significantly increase its purchases of American oil and natural gas, warning that failure to address the trade imbalance could result in steep tariffs on European goods. In a statement on his Truth
Impending U.S. government shutdown amid political turmoil
By: Dr. Avi VermaThe U.S. government is once again teetering on the brink of a shutdown as the House of Representatives failed to pass a critical spending bill just one day before the federal funding deadline. This failure reflects deep divisions within Congress
Social Security Fairness Act: What it means for Indian-origin seniors in the U.S.
By Dr. Avi Verma As the Senate moves toward a final vote on the Social Security Fairness Act, the potential impact on seniors of Indian origin working or retired in public sector jobs has drawn significant attention. The proposed legislation seeks to repeal
US Supreme Court to hear Chinese-owned TikTok’s appeal against ban
The US Supreme Court extended TikTok a thin, temporary lifeline on Wednesday, agreeing to hear its appeal against the law banning it unless it gives up its Chinese ownership. The court fast-tracked the appeal, setting a hearing for January 9, just 10 days
US Senate passes annual defence policy bill, sending it to Biden for signing
The US Senate has passed the 895-billion-USD defence policy bill for fiscal year 2025, which has already cleared the House and now awaits President Joe Biden’s signature to become law. The 2025 National Defense Authorization Act (NDAA) was approved in an 85-14 vote,
Indian share market opens in red as US Fed warns of fewer rate cuts in 2025
The Indian stock market opened in the red on Thursday after the US Federal Reserve cut interest rates by 25 basis points but warned that rate cuts in 2025 may not be as frequent as previously anticipated. With the Fed’s focus shifting towards
US San Diego politicians want to block Trump deportations, but sheriff refuses
A new immigration policy adopted by the US San Diego County Board of Supervisors was designed to stop jails from collaborating with federal immigration officials, potentially hindering President-elect Donald Trump’s promise of mass deportations. However, the county is now in a standoff, offering
California Declares State of Emergency Over Bird Flu
California Governor Gavin Newsom declared a state of emergency in response to the outbreak of Avian influenza A (H5N1), commonly known as bird flu, which has infected 34 people in the state. The governor’s office announced the declaration on Wednesday, noting that cases
US-India exchanging briefings on alleged plot against Khalistani: State Dept
The panel set up by India to investigate allegations regarding a murder-for-hire plot against a US-based Khalistani and US government agencies have been exchanging briefings, according to State Department spokesperson Matthew Miller. “We have been regularly briefing them on the results of our
US surgeons complete fifth gene-edited pig organ transplant
US surgeons have completed the fifth gene-edited pig organ transplant for an Alabama woman who is now free from dialysis and in better health, New York University (NYU) Langone Health has revealed. The surgery marks the latest promising breakthrough in an emerging surgical
South Korea to brace for possible resumption of US-North Korea dialogue under Trump: FM Cho
South Korea will ensure it has plans in place to engage with the incoming US administration under President-elect Donald Trump, should stalled nuclear talks with North Korea resume, said Seoul’s top diplomat on Wednesday. Foreign Minister Cho Tae-yul made these remarks in a
US: Texas authorities reveal severe groundwater contamination
Texas reported 252 new groundwater contamination cases in 2023, accounting for nearly nine percent of all open cases in the second-largest U.S. state, according to an official report. The latest Texas Groundwater Protection Committee annual report compiles 2,870 open cases of groundwater contamination.
Mexican consulates to strengthen support for nationals in face of US deportation
Mexican consulates in the United States will strengthen legal support for Mexican nationals to ensure they are informed about their rights and the deportation procedures, Mexican President Claudia Sheinbaum said. The measure, announced on Friday, comes in response to repeated threats of mass
‘Maverick diplomacy’: Trump invites Xi to inauguration for ‘open dialogue’
Continuing with his maverick diplomacy, U.S. President-elect Donald Trump has invited China’s President Xi Jinping to his inauguration next month for “open dialogue” with adversaries, his spokesperson Karoline Leavitt said on Thursday. The invitation to the leader of China, who had been a
Facing uncertainty after overthrow of al-Assad, Biden orders airstrikes on Islamic State in Syria
Facing uncertainty in Syria after the rapid overthrow of Bashar al-Assad, Washington bombed sites controlled by the Islamic State, a group on the terrorist list, as President Joe Biden’s administration tried to recalibrate its policy for that country. The US faces a quandary
South Korean FM discusses alliance with top US envoy in second meeting since martial law
South Korea’s Foreign Minister Cho Tae-yul met with US Ambassador Philip Goldberg late Sunday to discuss efforts to strengthen and maintain the bilateral alliance in the aftermath of last week’s martial law debacle, Cho’s office said. “Minister Cho emphasised the government’s firm commitment