New Delhi, March 3 (IANS) With traffic through the Strait of Hormuz nearly halted, China’s “fragile, export‑dependent economy” and reliance on discounted Iranian oil could trigger “real problems” within two months if the crisis continues, a report has said.”Much of that oil… actually goes to China trying to get somewhere between… 15 per cent and 23 per cent of its seaborne oil comes from Iran, and that oil transits the Strait of Hormuz,” said Gatestone Institute senior fellow Gordon …
Latest Fox Business News & Updates
Washington, Feb 11 (IANS) President Donald Trump said the United States is allowing private companies to build their own power plants to meet what he described as massive electricity demand driven by artificial intelligence.In an interview with Fox Business’s Larry Kudlow, Trump said AI infrastructure requires unprecedented energy capacity.“AI, for whatever reason, needs massive amounts of electricity, right? More electricity than the entire country produces right now by double,” he said.T…
Washington, Feb 11 (IANS) President Donald Trump on told Fox Business that the US economy is “going great” as he touted record stock-market levels and said he wants Congress to pass a voting package he called the “Save America Act” ahead of the midterm elections.In an interview with Larry Kudlow on Fox Business’ “Kudlow”, Trump pointed to market milestones. “When you say 50,000, and by the way, uh, S&P 7,000—,” he said, adding, “we’re at the end of the first year.”Tru…
Washington, Feb 11 (IANS) US President Donald Trump said the United States has deployed a “massive flotilla” toward Iran and signaled that Tehran is seeking negotiations, even as he warned that further action remains possible.In an interview with Fox Business’ Larry Kudlow, Trump described heightened US military posture in the region.“As you know, we have a massive floatilla right now going over to Iran. We’ll see what happens,” he said.Trump suggested Iran is open to talks. “I thi…
Washington, Feb 4 (IANS) Describing India as central to President Donald Trump’s trade strategy, U.S. Senator Roger Marshall said the latest deal with New Delhi will double American agriculture and oil exports, and at the same time serve America’s national security by reducing India’s reliance on Russian energy. Marshall, a Republican from Kansas, made the remarks during an appearance on The Evening Edit on Fox Business, where he outlined what he described as the economic and strategic gai…