U.S. President Donald Trump announced on March 2 the first five cryptocurrencies that will form a U.S. strategic crypto reserve: Bitcoin, Ethereum, Ripple, Solana, and Cardano. Bitcoin and Ethereum are the two largest cryptocurrencies in the world by market value. By establishing a crypto reserve, the U.S. becomes a direct stakeholder in the digital asset … Read more
Three years ago, Kathmandu was caught in the crossfire of Washington-Beijing tensions over the Millennium Challenge Corporation (MCC), a multi-million American grant for Nepal. While the United States warned of reviewing its overall ties with Nepal should Kathmandu fail to ratify the MCC-Nepal Compact from Parliament, Beijing referred to the grant as a “Pandora’s box.” … Read more
Tokyo: As signs emerged that President Joe Biden was gearing up to stop Japanese steel-maker Nippon Steel from acquiring Pittsburgh-based US Steel, top Japanese officials repeatedly warned that quashing the merger would hinder economic ties between the allies.In September, Japan’s biggest business lobby, Keidanren, said America’s investability would be tarnished if Nippon Steel’s $15 billion … Read more
The next two or three months in Ukraine are likely to be exceedingly violent, in a war that has already been the deadliest in Europe in the past 80 years. Marc Santora, who has been reporting from Ukraine since the beginning of the war with Russia, explains why. Source link
The United States warned Iran that it would face severe consequences for its ballistic missile attack on Israel on Tuesday, saying the barrage marked a significant escalation but appeared to have been thwarted. President Joe Biden expressed solid US support for Israel and described Iran’s attack as ineffective. He said there was a discussion under … Read more
Reuters | Photo Credit: Reuters India is a global leader with breakthrough innovations, American businessman and Microsoft founder Bill Gates has said as he joined Indian Americans to celebrate the first ever India Independence Day celebrations of the newly-opened Indian Consulate in Seattle. Mr. Gates, chairman of the Gates Foundation, flagged off the first India … Read more
Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to … Read more
Inflation “remains above” the U.S. Federal Reserve’s 2% target, but has been improving in recent months and “more good data would strengthen” the case for central bank interest rate cuts, Fed Chair Jerome Powell said on Tuesday in congressional testimony. In comments that appeared to show increasing faith that inflation will return to the Fed’s … Read more
Sri Lanka has decided to lift from next year a ban on the visit of foreign research ships imposed after strong security concerns raised by India and the US following frequent docking requests from hi-tech Chinese surveillance vessels, the Japanese media reported. The change in position was conveyed by visiting Sri Lankan Foreign Minister Ali … Read more
New York: China-based ByteDance Ltd. asked an appeals court to speed up its lawsuit challenging a US law that would force it to sell the TikTok video-sharing app or face a ban. “Prompt consideration of these cases is needed to avoid irreparable harm,” lawyers for ByteDance and TikTok said Friday in a filing in the … Read more