Washington, July 16 (IANS) A bipartisan group of US senators has unveiled legislation to increase scrutiny of foreign ownership in America’s pharmaceutical industry, warning that growing dependence on China for critical medicines and drug ingredients poses risks to US national security and public health. The proposed Pharmaceutical Investment Oversight and Accountability Act, introduced by Senate Special Committee on Aging Chairman Rick Scott along with Ranking Member Kirsten Gillibrand and Sena…
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Washington, July 16 (IANS) President Donald Trump’s nominee to lead the US intelligence community said that economic security is inseparable from national security, arguing that America’s intelligence agencies must sharpen their focus on China’s economic challenge, artificial intelligence and emerging technologies.Appearing before the Senate Select Committee on Intelligence for his confirmation hearing as Director of National Intelligence (DNI) on Wednesday (local time), Jay Clayton said future …
Washington, July 16 (IANS) US President Donald Trump has announced nearly $10 billion in new investments in the country’s defence industrial base in Pennsylvania, saying the projects would create more than 4,000 jobs and strengthen America’s military manufacturing amid growing global security challenges. Speaking at the Pennsylvania Defense and Innovation Summit hosted by Senator Dave McCormick on Wednesday (local time), Trump said the investments would support the construction of ships, submari…
Washington, July 14 (IANS) The US Department of War has announced a $25 million investment in ReElement Technologies Corp. to expand domestic refining capacity for rare earth elements and other defence-critical minerals, in a move aimed at strengthening the country’s industrial base and reducing dependence on overseas supply chains. The investment, announced on Monday by the Department’s Economic Defence Unit (EDU), in partnership with the Office of the Under Secretary of War for Acquisition and…
Washington, July 12 (IANS) The United States renewed its call for the immediate release of political prisoners in Cuba as Secretary of State Marco Rubio marked the fifth anniversary of the July 11, 2021, anti-government demonstrations, saying the Cuban people still deserve “a better future” after decades of repression and economic hardship under the Communist government.In a statement issued on the anniversary of the protests, Rubio said thousands of Cubans had taken to the streets five years ag…
Washington, July 11 (IANS) China has warned that it could take retaliatory measures after the United States launched trade investigations targeting dozens of economies, including China, over forced labour and alleged industrial overcapacity.The Chinese Embassy said Beijing was strongly dissatisfied with the US action and had lodged formal representations with Washington. It accused the US of abusing its domestic trade law and disrupting global supply chains.“We will closely monitor the progres…
Bengaluru, July 10 (IANS) The Karnataka government on Friday while countering charges by Union Minister of State, Shobha Karandlaje, has defended its decision to issue Permanent Residency Certificates (PRC) to people and stated that it has constitutional authority in this regard.It can be noted that the Congress government’s notification regarding distribution of Permanent Residency Certificate (PRC) has triggered a political controversy in Karnataka, with the BJP alleging it could be misused to…
Bengaluru, July 10 (IANS) Union Minister of State for Micro, Small and Medium Enterprises and Labour and Employment Shobha Karandlaje appealed to Union Home Minister Amit Shah on Friday seeking his immediate intervention against the Karnataka Permanent Residence (PRC), 2026, on Constitutional and national security grounds. It can be noted that Karnataka Chief Minister D.K. Shivakumar has announced the issuance of Permanent Residence Certificates (PRCs) to help eligible citizens participate in t…
Washington, July 9 (IANS) The International Monetary Fund (IMF) on Thursday reaffirmed its support for free trade and open markets despite growing tariff barriers and rising economic nationalism, saying global trade remains essential for raising living standards and reducing poverty, even as it acknowledged that the gains from globalisation have not been shared equally.Speaking at the IMF’s regular press briefing, Julie Kozack, Director of the IMF’s Communications Department, said the Fund’s lon…
New Delhi, July 1 (IANS) Pakistan’s slow growth is more than an economic challenge – it is the country’s foremost national security threat, and no amount of military strength, diplomacy, or managed stability can rescue a nation that is sliding deeper into poverty while its population keeps growing, according to an article in the Pakistani media. The security establishment’s greatest adversary is not India, Afghanistan, or terrorism, but Pakistan’s own slow economic decay. This is not about GDP; …