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US Expresses 'Serious Concerns' As China Restricts Sale Of Major Chip Maker Micron

One of the biggest manufacturers of memory chips in the US is Micron. More than 10 per cent of their income comes from China's mainland

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Global Growth Seen At 2.3% In 2023; Slowdown Centred In US, Europe: Report

On global inflation, it said it will likely slow from 7.6 per cent in 2022 to 5.7 per cent this year and 3.5 per cent in 2024

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US, Japan And G7 Partners Stand Together To Promote Peace, Security Around World: Blinken

In the official statement, Blinken praised Japan saying that its leadership with the G7 has been "exceptional"

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Post-Covid Development Requirements Becoming More Focussed: FM Sitharaman In US

Speaking on crypto-assets, the Union Finance Minister said that there is a greater acceptance among G-20 members regarding any action on them to be global

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Russian Fighter Jet Hits American Drone Over Black Sea: US

The incident, which heightened Russia-US tensions over Moscow's war in Ukraine, appeared to be the first time since the Cold War's height that a US aircraft was shot down after colliding with a Russian warplane

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Fed's Vice Chair for Supervision Michael Barr Announces To Review Silicon Valley Bank's Failure

As these banks collapse, the Federal Deposit Insurance Corporation (FDIC) was appointed as a receiver, which typically means it will liquidate the bank's assets to pay back its customers, including depositors, and others

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'Conducting Business As Usual', Says New SVB CEO After Its Closure

The regulator transferred all deposits of the lender to the recently created bridge bank and told that all depositors would be able to access their money beginning from 13 March (Monday) morning

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AUKUS: US, UK & Australia Announce Nuclear-powered Submarine Project

Addressing a joint statement after holding in-person bilateral talks on a US naval base in San Diego, California, the three leaders underscored their shared commitment to the 18-month-old trilateral security partnership given the acronym AUKUS — for Australia, the United Kingdom and the United States

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HSBC Acquires Silicon Valley Bank UK For £1: CEO Noel Quinn

The HSBC said that as of 10 March, Silicon Valley Bank UK had loans of nearly £5.5 billion and deposits of nearly £6.7 billion

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US Bails Out SVB Depositors, Says Will Get All Their Money Back From Today

In a joint statement released by Secretary of the Treasury Janet Yellen, Federal Reserve Board Chair Jerome H Powell, and FDIC Chairman Martin J Gruenberg announced they would "fully protect" all depositors who had funds in Silicon Valley Bank, just days after regulators took control of the institution

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Elon Musk Hints At Buying Silicon Valley Bank After It's Shocking Collapse

Silicon Valley Bank is the 16th largest in the United States and a major financial lender for startups. It has also served as a partner for almost half of all tech and healthcare companies in the US

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US Regulators Shut Down Silicon Valley Bank; 2nd Biggest Financial Crisis In US History

Silicon Valley Bank collapsed after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history

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Russia Probably Does Not Want Direct Military Conflict With US, NATO Forces: US Intel Agency

"Russian leaders thus far have avoided taking actions that would broaden the Ukraine conflict beyond Ukraine's borders, but the risk for escalation remains significant," said the report

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India Is Off To Very Promising Start With Its Stewardship Of G-20: US

Our partnership and this was a subject of discussion between Secretary Antony Blinken and his counterpart Foreign Secretary S Jaishankar earlier today," Ned Price.

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India, US Establish New Trade Group To Bolster Supply Chains

India highlights its interest in restoration of its beneficiary status under the US generalised system of preferences program

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