US officials have slowed the issuing of licenses to chipmakers such as Nvidia Corp. and Advanced Micro Devices Inc. for large-scale AI accelerator shipments to the Middle East, according to people familiar with the matter, while officials conduct a national security review of AI development in the region. It’s unclear how long the review will … Read more
India aims to raise the share of its exports in global trade to 3% by 2027 and 10% by 2047 from the current 2.1%, promoting hundred Indian brands as global champions. A Customs ‘ONE’ will be set up to provide import-export clearance within one hour of arrival at entry points and customs ports to facilitate … Read more
US retail sales shot up one percent in June amid the ongoing surge in prices, rebounding after a pause in May, the government reported Friday. The increases were widespread, and sales were still up 0.7 percent even when gasoline is removed from the calculation, according to the Commerce Department data. The report showed an American … Read more
Americans increased their spending by 0.5% in April, a slowdown after a massive gain in March that had been powered by the distribution of billions of dollars in individual stimulus checks. Even with the pullback from a 4.7% surge in spending in March, the April increase provided further evidence that consumers are driving a strengthening … Read more