Washington, May 29 (IANS) The United States sanctioned many companies, individuals and vessels as part of a sweeping new crackdown on Iran’s oil and petrochemical trade, accusing them of helping facilitate transactions involving Iranian-origin products.The US Department of State announced sanction on several companies linked to what it called Iran’s “shadow oil economy”, saying the measures are intended to cut off revenue used by Tehran to fund destabilising activities and support its military a…
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New York/New Delhi, May 29 (IANS) After a successful Canada visit to bolster trade ties, Commerce and Industry Minister Piyush Goyal met top business and industry leaders in the US, discussing avenues for deeper collaboration to further boost the investment landscape in India.The minister met Miebach Michael, CEO of Mastercard, and discussed deepening collaboration in digital commerce, digital security, and next-generation payment solutions.”Conversations centred around India’s growing digital…
New Delhi, May 29 (IANS) Union Minister of Commerce and Industry Piyush Goyal on Friday said he engaged with over 50 global business and industry leaders at a roundtable held in New York.Taking to the microblogging platform X, he stated that the meeting was hosted by the Consulate General of India in New York in collaboration with the US-India Strategic Partnership Forum (USISPF).In a post, the minister highlighted India’s strong growth story, reform-driven business environment and expanding o…
Seoul, May 29 (IANS) Samsung Electronics said on Friday it has begun shipping samples of its latest high-bandwidth memory (HBM) chip, the 12-layer HBM4E, marking the world’s first shipment of the next-generation artificial intelligence (AI) memory product.The move comes just three months after Samsung became the first company to begin mass production and shipments of sixth-generation HBM4 chips in February, underscoring its efforts to strengthen its leadership in the rapidly growing AI memory ma…
Washington, May 29 (IANS) Indian-American teenager Shrey Parikh won the 2026 Scripps National Spelling Bee, correctly spelling 32 words in a spell-off to claim the championship and set a new competition record.The 14-year-old eighth-grader from San Bernardino, California, secured the title with the word “bromocriptine”, defined by organisers as “a polypeptide alkaloid that is a derivative of ergot and mimics the activity of dopamine”.Parikh, representing the San Bernardino County Superintendent …
Tehran, May 29 (IANS) Iran’s air defences were activated Thursday night in the southern province of Bushehr, with an “invading” US drone destroyed, Iran’s media reported.The semi-official Tasnim news agency cited a military source as saying that Iran’s air defenses intercepted an “invading” US drone near Bushehr by firing missiles.Meanwhile, the semi-official Fars news agency said Iran’s armed forces fired missiles at certain targets from the country’s southern regions, with some local sources r…
Washington, May 29 (IANS) US Treasury Secretary Scott Bessent defended the Trump administration’s record on Russia sanctions, arguing that it has imposed tougher measures on Moscow’s oil sector than any previous US government despite continuing criticism over Washington’s approach to the war in Ukraine.At a White House briefing, Bessent said the administration had taken unprecedented action against Russia’s energy industry, including sanctions targeting two of the country’s largest oil companies…
Washington, May 29 (IANS) Two US Democratic lawmakers introduced legislation to block Chinese connected vehicles from entering the United States through Canada and Mexico, warning that the vehicles pose national security risks and threaten the American auto industry.Michigan Congresswoman Haley Stevens and Senator Elissa Slotkin announced the Protecting America from Chinese Cars Act at the Mackinac Policy Conference in Michigan.The bill would prohibit connected vehicles from China and other adve…
Havana, May 29 (IANS) The United States has no grounds to launch an attack against Cuba, Cuban Deputy Foreign Minister Carlos Fernandez de Cossio said, warning such a move would cause death and destruction.”Isn’t there a lack of grounds to justify killing, maiming, and causing destruction and misery, in addition to running the certain risk of losing lives on their own side?” Fernandez de Cossio wrote on X in response to a report by US magazine Politico.The official accused the magazine of encour…
Washington, May 29 (IANS) Treasury Secretary Scott Bessent declared the United States the world’s leading artificial intelligence power, arguing that China remains significantly behind as Washington seeks to maintain its technological edge in one of the most consequential strategic competitions of the century.”The US is the AI leader in the world,” Bessent said during a White House briefing.”We’re an AI superpower. China is second, they are trailing substantially.”The remarks reflect the Trump a…