Oil prices rose on Monday after the United States and China outlined a framework for a potential trade deal. The move raised hopes of improved relations between the world’s two largest oil consumers.By 0027 GMT (local time), Brent crude futures were up 46 cents or 0.7%, at $66.40 a barrel. US West Texas Intermediate (WTI) crude rose 46 cents or …
Read More »
Donald Trump and Ontario Premier Doug Ford (AP images) Canada on Friday said that it will pause the anti-tariff advertisement campaign that prompted US President Donald Trump to abruptly end trade negotiations, as confirmed by Ontario Premier Doug Ford.Ford said the decision comes after discussions with Canadian Prime Minister Mark Carney and the campaign will be paused from Monday to …
Read More »
Social security benefits to rise 2.8% (AP) The Social Security administration on Friday announced that its benefits will increase by 2.8% in 2026, giving retirees an average monthly boost of more than $56. The rise reflects moderating inflation after several years of higher cost-of-living adjustments (COLA).The increase will take effect in January for nearly 71 million Social Security recipients, while …
Read More »
US inflation hits 3% (AP) US inflation remained elevated in September, fueled by a surge in gas prices, even as rent growth slowed, reflecting a mixed picture for consumers in an economy with steady growth but sluggish hiring.According to the labor department report, cited by AP, consumer prices rose 3% from a year earlier—the highest increase since January and up …
Read More »
The United States on Friday launched an investigation into China’s adherence to the ‘Phase One trade’ deal signed in 2020.Under the deal, China had pledged to increase purchases of US products and services by hundreds of billions of dollars over 2020 and 2021. However, the targets were not met, largely due to the Covid-19 pandemic.The probe was prompted by what …
Read More »
The Donald Trump-led administration is preparing to defend its new H-1B visa policy in court after multiple lawsuits were filed against the $100,000 fee imposed on new visa applicants.White House Press Secretary Karoline Leavitt on Thursday (local time) said the administration would fight the legal challenges, arguing that the H-1B system has been misused for years and that the new …
Read More »
Tata Technologies plans to recruit more local staff in US Tata Technologies on Friday said it will recruit more local staff in the United States as a response to the Donald Trump administration’s revised visa rules.“As we react and respond to the change in legislation in and around visas, it will mean that we will be recruiting more local nationals …
Read More »
PM Modi and US President Donald Trump (File photo) US President Donald Trump has once again turned up the heat on India, warning that New Delhi could face “massive” tariffs if it continues to buy Russian oil. Speaking to reporters, Trump again claimed that Prime Minister Narendra Modi personally assured him that India would stop importing crude from Moscow.“I spoke …
Read More »
Donald Trump has claimed assurance from PM Narendra Modi that India will stop buying Russian crude oil. Russia maintains its position as one of the world’s primary crude oil producers and exporters. While the Ministry of External Affairs has firmly denied knowledge of a call on this matter between the two leaders, it is important to note that stopping Russian …
Read More »
US President Donald Trump on Friday signed an order that provides relief for American carmakers while introducing a 25% tariff on truck parts.The White House said the order extends an arrangement allowing companies to reduce tariffs on imported vehicle parts. At the same time, it imposes a 25% tariff on medium and heavy-duty trucks and their parts, starting November 1.The …
Read More »
Unews World