The US Commerce Department stated Saturday that the US and South Korea have agreed to collaborate more closely on critical trade and supply-chain concerns. Establishing a US-Korea Supply Chain and Commercial Dialogue, the statement said, would “foster increased collaboration and strengthen the international competitiveness of US and Korean industry.” The announcement, which offered little detail … Read more
WASHINGTON: US lawmakers have voted to green-light a multibillion-dollar bill aimed at jumpstarting high-tech research and manufacturing, countering China’s growing influence and easing a global shortage of computer chips. The House Democrats’ America Competes bill, their version of the Senate-passed $250-billion US Innovation and Competition Act, was approved in a 222-210 vote in the lower … Read more
WASHINGTON: A key US inflation measure closely watched by the Federal Reserve in October posted its biggest year-over-year increase since the early 1990s amid supply chain bottlenecks, the US Commerce Department reported on Wednesday. The personal consumption expenditure (PCE) price index, the Fed’s preferred inflation measure, jumped five per cent in October from a year … Read more
BUDAPEST – Hungary used the invasive Pegasus spy software, a senior ruling party official said Thursday, but insisted the government had not spied on citizens illegally. In July Hungary was the only EU country listed by an investigative journalism consortium as a potential user of the spyware, with hundreds of targets including journalists, lawyers and other … Read more
WASHINGTON – US authorities on Wednesday put the Israeli maker of the Pegasus spyware on the list of restricted companies, after determining the firm supplied software used to target officials and journalists. The company, NSO, was engulfed in controversy over reports that tens of thousands of human rights activists, journalists, politicians and business executives worldwide were … Read more
WASHINGTON: The US economy grew at a lower-than-anticipated annual rate of 6.5 per cent in the second quarter, marking the return to an above pre-pandemic level of overall economic activity, the US Commerce Department reported Thursday. However, the 6.5 per cent gain was considerably less than the 8.4 per cent Dow Jones estimate. In the … Read more
