Ottawa, April 18 (IANS) Air Canada has announced it will suspend service on several routes to the United States due to soaring jet fuel costs. According to a statement from Canada’s largest carrier on Friday (local time), jet fuel prices have doubled since the start of the Iran conflict, rendering some routes and flights no longer economically feasible.The suspensions affect a mix of transborder and domestic services. Service from Montreal and Toronto to New York’s John F. Kennedy International …
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New Delhi, April 18 (IANS) US tech giant Meta (formerly Facebook) is reportedly planning to lay off at least 10 per cent of its global workforce, or nearly 8,000 workers, next month.Further layoffs are planned in the second half of the year, according to a Reuters report. However, the details of those layoffs have not been known yet. The initial round in May is likely to reduce about 10 per cent of its global workforce.According to the report, the layoff plans may depend on the developments in t…
Washington, April 18 (IANS) Finance Minister Koo Yun-cheol said the Korean won has been stabilising against the US dollar following its depreciation amid the ongoing US-Israeli war against Iran, expressing hopes that it will align with market expectations.Koo made the remarks during a meeting with Korean reporters in Washington, as the Korean currency strengthened to the 1,460 won range against the greenback after Iran’s reopening of the crucial Strait of Hormuz, amid expectations that the Unite…
Tehran, April 18 (IANS) Iran’s Parliament Speaker Mohammed Bagher Ghalibaf has warned US President Donald Trump that Tehran could shut down the Strait of Hormuz if the United States continues its naval blockade.This came shortly after the US President indicated that the restrictions would remain in “full force”.In a post on X, Ghalibaf asserted that maritime movement through the strategic waterway would be regulated strictly by Iran. “With the continuation of the blockade, the Strait of …
Washington, April 18 (IANS) President Donald Trump touted economic gains, claimed foreign policy breakthroughs and urged supporters to deliver a Republican victory in the midterm elections, striking a combative tone at a Turning Point USA event in Arizona.“Our economy is booming, incomes are rising, investment is soaring, inflation has been defeated,” Trump said. “Our workers are thriving, our border is closed, and America is respected all over the world.”He described the 2024 election a…
Stanford, April 18 (IANS) Restrictive US immigration policies under President Donald Trump are pushing talent and innovation out of America, with India emerging as a key beneficiary, Silicon Valley-based immigration expert Vivek Wadhwa said.Drawing on personal experience and research, Wadhwa told IANS the United States is losing its competitive edge as barriers to skilled migration rise. “We’re chasing the best and the brightest away… these backwards immigration policies… are doing a lot…
Tehran, April 18 (IANS) Iran will not transfer its enriched uranium to a foreign country, and sending it to the United States has never been under consideration, Iranian Foreign Ministry spokesman Esmaeil Baghaei said.Baghaei, speaking on state-run IRIB television, said that recent public statements by Foreign Minister Seyed Abbas Araghchi were made within the framework of the ceasefire between Iran and the United States announced on April 8, not as signals of a new diplomatic opening.Earlier on…
Washington, April 18 (IANS) President Donald Trump said Iran had agreed to reopen a critical global shipping route while warning that US military pressure would continue until a broader agreement is finalised.Addressing a Turning Point USA gathering in Arizona, Trump said the Strait of Hormuz was “fully open and ready for business and full passage,” signalling a potential easing of tensions in one of the world’s most sensitive energy corridors.At the same time, he made clear that US forces…
Washington, April 18 (IANS) Former US National Security Adviser Lt Gen (rtd) H. R. McMaster said the United States and its allies must move quickly to secure critical technologies and supply chains as strategic competition with China intensifies. Speaking at a panel discussion at the Thrive 2026 conference at Stanford University, McMaster said years of globalisation had left Western economies exposed by prioritising efficiency over resilience. “We became complacent,” he said, warning that su…
Washington, April 17 (IANS) The United States is seeking a “managed” and more balanced trade relationship with China, with US Trade Representative Jamieson Greer telling lawmakers that Washington aims to reduce dependence on Beijing while avoiding escalation between the two economic powers. Testifying before a congressional panel, Greer said the Trump administration’s tariff strategy has already begun reshaping trade flows, particularly with China, which remains central to US economic a…