Washington, July 9 : The U.S. House of Representatives has passed a measure to block aircraft sales to Iran, potentially undercutting a Boeing deal with Tehran.
Two approved amendments to an appropriations bill from Representative Peter Roskam would ban the sales from Boeing and European rival Airbus amid concerns the aircraft could be used for military purposes, reports the Guardian.
The first amendment would prohibit the Office of Foreign Assets Control from using funds to authorise a license necessary to allow aircraft to be sold to Iran and a second would bar loans from US financial institutions to purchase militarily adaptable aircraft.
However, the ban would need to be approved by the Senate.
New York, June 15 : South Korean smartphone giant Samsung sold the most number of smartphones worldwide in the first quarter of the year and is expected to sell 320 million smartphones by the end of the year, a new report said on Wednesday.
According to US-based market research company IC Insights, buoyed by the strong sales growth of Galaxy S7 and S7 Edge, Samsung sold 81.5 million smartphones, followed by Apple with 51.6 million smartphones -- in the first quarter.
Although the list of top 12 smartphone makers is dominated by China-based smartphone suppliers -- taking eight spots in the list -- Indian smartphone supplier Micromax broke into the list for the first time.
Washington, June 8 : The US-based global e-commerce major Amazon.com had pledged another USD 3 billion investment in India as it bets big on the USD 14 billion e-retail space in the country that's projected to grow to USD 55 billion by 2018.
"We have already created some 45,000 jobs in India and continue to see huge potential in the Indian economy," said Jeff Bezos, Founder and CEO of Amazon.com at an gala hosted by the US-India Business council for visiting Indian Prime Minister Narendra Modi here.
"Our Amazon.in team is surpassing even our most ambitious planned milestones, and I'm pleased to announce today that we'll invest an additional $3 billion on top of the $2 billion that we announced in 2014, bringing our total investment in India to over $5 billion."
Washington D. C., June 8 : Amazon Inc Chief Executive Jeff Bezos on Tuesday said his company would invest an additional $3 billion to expand its business in India, taking the leading online retailer's net investment in the country to over $5 billion.
Bezos said at the U. S.-India Business Council's Leadership Summit in Washington, where Indian Prime Minister Narendra Modi interacted with the executives from the U. S. companies. Prime Minister Modi also presented Global Leadership Awards to Bezos and Sun Pharmaceutical Industries promoter Dilip Shangvhi.
India's biggest challenge at June 9 NSG meet will be to deal with China's two-faced nuclear policy: US expertsSubmitted by Jamie Williamson on Sun, 06/05/2016 - 03:54
Washington D. C., June 5 - India's biggest hurdle at the upcoming Nuclear Suppliers Group (NSG) Meeting on June 9 will be to overcome China's two-faced policy of opposing India's application to join the group on the one hand and on the other violating NSG terms by supplying banned nuclear materials to Pakistan.
Analysts in the United States believe that India's NSG application is in a precarious position for several reasons, chief among them being China's assertion that if the NSG countries make an exception for India, they should do the same for Pakistan, even though Pakistan has been caught selling nuclear weapons secrets to Libya and was named and shamed globally.
New York: PepsiCo's India-born CEO Indra Nooyi has acknowledged that managing her family life and work was "not easy" and while she does not regret pursuing her career, she is filled with "heartaches" for not? spending as much time with her daughters when they were growing up.
In a candid discussion, Nooyi, among the only 4 percent women who are currently CEOs of S&P 500 companies, said she would tell her younger self to be "careful" of the choices she would make since missing out on her children growing up will eventually "hurt".
"Not easy," Nooyi said at the Women In the World Summit here when asked how it was for her balancing her personal life while moving up in her career.
Washington, April 1 : Fast food giant McDonald's has planned to open approximately 1,300 fast food restaurants in China over the next five years, CEO Steve Easterbrook announced.
Easterbrook said that the firm wants to make China its second largest market worldwide, behind only the US, EFE news reported.
Easterbrook said that the aim is to open some 250 restaurants this year, and to do that the firm will seek an investing partner to participate in broadening its franchise business in China, where McDonald's currently operates some 2,200 stores.
Washington D. C., Mar. 18 : Two Starbucks fanatics filed a lawsuit against the leading cafe franchise for refusing to fill their cups to the rim.
The duo said, every time they order a tall, grande or venti-sized latte, it's grossly under-filled, reports News. com. au.
Pointing out the menu which promises 12, 16 and 20 ounces, they said that according to research, Starbucks under-fills those cups by about 25 percent every time.
In the class action suit, they admitted occasionally the milk foam on top gets to the rim, but also added that "in the food science community, as well as in the weights and measures community, foam is not measured on a volumetric basis."
Now they are seeking damages for Starbucks latte drinkers all across the country. (ANI)
New York, Mar.11 - American multinational online transportation network company Uber has unveiled a phone number for passengers and drivers to get in touch with the company in case of an emergency.
The move comes after Uber faced questions about a panic button in the wake of a deadly shooting in Kalamazoo, Michigan by an Uber driver last month, the Verge has reported.
"In the United States, 911 is the panic button and it's the panic button that we want people to use. It's the panic button that law enforcement wants people to use. And we don't want to try and replace that," said Joe Sullivan, Uber's head of security.
Washington, Feb 25 - In a setback to India, a World Trade Organization (WTO) dispute settlement panel has ruled in favour of the US in its challenge to New Delhi's alleged discrimination against US solar exports, according to US Trade Representative (USTR).
The panel agreed with the US that India's "localisation" rules discriminated against imported solar cells and modules under India's National Solar Mission, according to an official news release citing USTR Michael Froman.
India's domestic content requirements, it agreed, discriminate against US solar cells and modules by requiring solar power developers to use Indian-manufactured cells and modules rather than US or other imported solar technology in breach of international trade rules.
New York, Feb 20 - The US dollar decreased against most major peers on Friday as plunging oil prices raised market demand for safe-haven currencies, including the Japanese yen and Swiss francs.
Oil prices declined sharply on Friday, with both the US oil and Brent crude slumping over three percent, after government data showed a rise in the US crude stockpiles.
The yen and Swiss francs climbed 0.55 percent and 0.26 percent respectively against the greenback during the session, as the falling oil renewed market worries about global economic growth, triggering demand for safe-haven assets.
The dollar index, which measures the greenback against six other currencies, was down 0.33 percent at 96.634 in late trading, reports Xinhua.
Washington: With IT firms struggling to find quality and right number of professionals, a top American CEO has called for a "dramatic expansion" of the H-1B visa scheme -popular among Indian tech firms- to meet the growing demand.
"The entire Silicon Valley believes that the H-1B visa policy needs to be dramatically expanded," Bill Coleman CEO of Veritas told PTI in an interview.
"We can't hire enough good people. They are just not available here. The salaries here are going through the roof, because everybody is competing to hire from everybody else," he said. Coleman, a former chairman of Silicon Valley Leadership Group, is involved with the Silicon Valley for about 40 years.
Washington, Feb. 13 : The United States Government said that it has approved the sale of eight F-16 fighter jets to Pakistan built by Lockheed Martin Corp, radar and other equipment in a deal valued at 699 million dollars.
The Dawn reports that Pentagon's Defence Security Cooperation Agency which oversees foreign arms sales said it had notified lawmakers about the possible deal.
The proposed deal will go through a 30-day notification period after which it will be finalized.
The agency said that F-16s would allow Pakistan's Air Force to operate in all weather environments and at night, improving its self- defense capability and bolstering its ability to conduct counter-insurgency and counter-terrorism operations.
India said it was disappointed with decision of US.
Washington D. C, Feb 8 : Firms with healthy workforces appear to have a competitive edge in the stock market, according to a recent study.
The South African study compared the stock market performance of ten of the healthiest companies in South Africa to the market at large. Nine different investment scenarios were tested and in all nine scenarios, the healthy companies outperformed the Johannesburg Stock Exchange All Share Index.
Washington : A Fortune 500 energy company in the US has been accused of replacing American employees with low-wage H-1B workers, including Indians.
In a letter to US Attorney General Loretta Lynch, Democratic Senator Richard Blumenthal asked the Justice Department to investigate allegations that 'Eversource Energy' abused foreign worker visa programmes.
In another letter to the CEO of Eversource Energy, which is headquartered in Hartford, Connecticut, Blumenthal called for a full accounting of how and why the company decided to fire 200 American employees, and whether those employees were forced to train future foreign replacements and sign non-disparagement agreements.
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