Chandigarh, March 28 (IANS) As global tensions escalate in Gulf countries and disruptions in key maritime routes trigger uncertainty across markets, Punjab Chief Minister Bhagwant Mann on Saturday called on the Centre to act decisively, urging Prime Minister Narendra Modi to take responsibility and leverage India’s global relationships to safeguard the country’s economic and energy security. He cautioned that while PM Modi speaks of becoming a ‘vishwa guru’, the current trajectory ri…
Latest Supply Chains News & Updates
Washington, March 25 (IANS) Top American lawmakers and experts have warned that the country’s heavy reliance on foreign critical minerals, especially those from China, poses a direct threat to national security, and called for urgent steps to build resilient domestic supply chains.At a House subcommittee hearing on Wednesday, Congressman Paul Gosar said the “very security of our nation relies heavily on a steady input” of minerals essential for defence systems, electronics and advanced techn…
Washington, March 22 (IANS) US Transportation Secretary Sean Duffy has warned that the ongoing conflict with Iran is pushing up fuel and travel costs, saying it is the rising cost burden that is now affecting American consumers even as supply chains remain stable.In an interview on ABC News’ This Week with George Stephanopoulos, Duffy said airlines are not facing supply shortages but are under pressure from higher fuel prices. “It is the cost, right?” he said.The warning comes as fuel pric…
Washington, March 19 (IANS) Federal Reserve Chair Jerome Powell said the US central bank was keeping interest rates unchanged as it monitored the fallout from higher oil prices and broader uncertainty linked to the conflict in the Middle East. Powell on Wednesday (local time) said the Federal Open Market Committee decided to keep its policy rate unchanged because the current stance remained appropriate. He said the US economy was expanding at “a solid pace”, even as inflation stayed above ta…
Washington, March 18 (IANS) The United States is repositioning the Export-Import Bank as a “frontline economic tool,” its chief told lawmakers, underscoring a sharper push to bolster American exporters and counter global competition led by China.Testifying before a House subcommittee, EXIM President and Chairman John Jovanovic said the bank is being aligned with efforts to reindustrialise the U.S., secure supply chains, and strengthen economic security.“As many of you have noted, EXIM is o…
Washington, March 14 (IANS) A US senator has introduced legislation aimed at blocking Chinese nationals and companies linked to Beijing from handling sensitive American military freight, arguing that current laws leave a major national security loophole.Senator Tom Cotton has unveiled the Trucking Security and CCP Disclosure Act, a bill that would require strict national-security screening for companies transporting Department of War cargo and prevent firms linked to China’s military or the Ch…
New Delhi, March 13 (IANS) The US and India are moving closer to signing a key agreement on critical minerals that could significantly strengthen strategic cooperation and supply chains between the two countries, US Ambassador Sergio Gor said on Friday.Speaking at the India Today Conclave 2026, Gor said the growing engagement between the two nations reflects a deeper partnership that goes beyond conventional trade ties. His remarks come just days after the two countries agreed on a framework for…
Washington, March 6 (IANS) The Pentagon told US lawmakers that modern warfare is being reshaped by cheap, mass-produced drones, warning that battlefield lessons from Ukraine and recent combat involving Iran make it imperative for the United States to rapidly build a domestic drone industry and arm troops with large numbers of unmanned systems.Testifying before the Senate Armed Services Committee, senior Pentagon officials said small drones have become a decisive weapon on modern battlefields and…
Washington, Feb 26 (IANS) US Secretary of State Marco Rubio has said the United States and China have reached a point of “strategic stability” in their relationship, even as Washington remains wary of supply chain dependence, technology access, and Beijing’s expanding nuclear stockpile.Speaking to reporters in Saint Kitts and Nevis on Wednesday (local time), Rubio said both sides recognise the risks of escalation. “I think both countries concluded that having an all-out trade — global t…
New Delhi, Feb 18 (IANS) Failure of tech companies to publicly attribute cyber attacks to China weakens deterrence, leaves the public under informed and reduces pressure on governments to tackle the threat, a new report has said.The Australian Strategic Policy Institute, in the report, criticised US cybersecurity company Palo Alto Networks Inc. for not publicly attributing the cyber campaign to China, adding that it was due to concerns about potential retaliation against the firm or its clients….