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US HOUSE COMMITTEE FORMALLY APPROVES REPORT ACCUSING BIG TECH FIRMS BUYING SMALLER COMPANIES
Highlights
• Thanks to this approval, which came with 24-17 vote that split along party lines, this report with over 400 pages will be becoming an official committee report
• The first bill regarding this takedown has already been introduced in the month of March by ...
CONGRESSIONAL COMMITTEE VOTES TO BRING BILL RELATED TO SLAVERY REPARATION TO US HOUSE
Highlights
• This vote by a congressional committee is first-ever such on the issue of reparations for the descendants of enslaved people in the country of the United States
• While no Republicans voted in bringing this bill in front of the whole House, it was passed...
INDIA, THE MOST IMPORTANT ALLY IF U.S. PLANS TO COUNTER CHINA: REPORT
Highlights
• If the US is planning to counter China, no country is more important than India as it is abundant with highly skilled technical professionals said a think tank
• On the other hand, the think tank also cautioned that overreliance on the South-Asian nation...
US ECONOMY POISED FOR STRONG GROWTH SAYS FEDERAL RESERVE CHAIR JEROME POWELL
Highlights
• Speaking to CBS' 60 Minutes, chair Jerome Powell said that he is not expecting to raise the Fed’s benchmark interest rate, which at present is pegged at around zero
• The Fed is keenly studying the development of a digital dollar, but has not y...
APPLE INC. CRITICIZED BY U.S.SENATORS FOR NOT TESTIFYING ON ANTI-TRUST ISSUES
Highlights
• Tech giant Apple Inc is refusing to testify at an hearing on competition issues regarding the mobile app stores
• As per a statement given by senators Amy Klobuchar, a Democrat, and Mike Lee, a Republican, they had written to Tim Cook, Chief Executive of...
US SPY AGENCIES PREDICTS LEADERLESS WORLD IN COMING DECADES COURTESY AI & BITCOIN
Highlights
• As per the ‘Global Trends 2040: A More Contested World”, upcoming decades will be characterized by a mismatch between global challenges and the ability of institutions and systems to respond.”
According to the National Intelligence Council, ...
BIDEN ADMINISTRATION COMING UP WITH NEW PROPOSALS ON TAXING MULTINATIONAL COMPANIES
Highlights
• The President Joe Biden administration is coming up with new proposals on taxing multinational companies
• The newly-elected administration is looking to restrict the companies falling under an agreement that would deal with the challenge of taxing incom...
US NAVY CONDUCTS ‘FREEDOM OF NAVIGATION' OPERATION IN INDIAN WATERS WITHOUT CONSENT
Highlights
• The US Navy had conducted a freedom of navigation near Lakshadweep Islands on Wednesday that too without prior consent from New Delhi
• The operation was conducted by guided-missile destroyer USS John Paul Jones on April said a statement issued by the Co...
GUN VIOLENCE IN US IS INTERNATIONAL EMBARRASSMENT SAYS PRESIDENT BIDEN
Highlights
• This move from the US President comes at a time when the number of high-profile mass shootings are on an all-time high
• President Biden further said “Gun violence in this country is an epidemic. Let me say if again: Gun violence in this country is...
US PRESIDENT BIDEN MIGHT EXTEND PRESENCE OF US TROOPS IN AFGHANISTAN BEYOND MAY 1
Highlights
• President Biden has recently said that it is going to be difficult to meet the May 1 deadline to withdraw out US troops from Afghanistan
• Experts are also in favor of this extension as they feel withdrawal of troops will have terrible impact on the war-...
DOUBLE MUTANT STRAIN OF COVID-19 VIRUS DISCOVERED IN INDIA FOUND IN THE U.S.
Highlights
• According to the reports, a double mutant strain of the dreadful coronavirus which was first discovered in the country of India has now been detected in the United States
• Peter Chin-Hong, an infectious diseases expert at University of California San Fr...
US LABOR BOARD SAYS AMAZON ILLEGALLY FIRED TWO EMPLOYEES WHO CRITICISED ITS WORK CONDITIONS
Highlights
• The charge filed in October and seen by Reuters, Amazon had fired Emily Cunningham and Maren Costa
• The US National Labor Relations Board on Monday said that its regional director is Seattle will be issuing a complaint if the parties are not able to set...
US ARMY TO START TESTING A COVID-19 VACCINE DEVELOPED BY THEM AMONG ADULTS
Highlights
• The researchers are saying that this vaccine is likely to provide protection against different variants of the novel virus
• The Walter Reed Army Institute of Research in Silver Spring said that team will test whether the vaccine is safely able to induce...
INDIRECT TALKS TO REVIVE NUCLEAR DEAL BETWEEN US & IRAN HAVE STARTED
Highlights
• A US official on Friday had said that the US and Iran will be holding indirect talks in coming week on how to return to the 2015 nuclear deal
The United States and Iran will start indirect talks in Vienna on Tuesday in order to bring two countries back into f...
U.S. SUPREME COURT ENDS LEGAL BATTLE BETWEEN TRUMP & TWITTER
Highlights
• The court found the dispute was debatable, throwing out the decision made by a lower court which had said that the US President had violated constitutional free speech rights
• Thomas wrote “We will soon have no choice but to address how our legal ...
AMAZON ADMITS TO DRIVERS URINATING IN BOTTLES, APOLOGISES TO US REPRESENTATIVE POCAN
Highlights
• This admission from the e-commerce company came a week after US Representative Mark Pocan had criticised it’s working conditions in tweet
• Pocan had said “Paying workers $15/hr doesn’t make you a ‘progressive workplace' when ...
US & IRAN DECIDE TO HOLD INDIRECT TALKS ON NUCLEAR DEAL IN COMING WEEK
Highlights
• A U.S official said that the US and Iran will take part in indirect talks in coming week on how to return to the 2015 nuclear deal
• The European Union (EU) after chairing a video conference on Friday with Iran, Russia, China, Germany, France and the UK<...
916,000 JOBS WERE ADDED IN U.S. IN MARCH, UNEMPLOYMENT RATE PLUNGES BY 6%
Highlights
• This surge in jobs is a result of increased vaccinations and lesser curbs on businesses
• The Labor Department report said nonfarm payrolls went up by 916,000 in March and February unemployment was revised up to a 468,000 gain
• As per the...
US MANUFACTURING SECTOR WITNESES ROBUST GROWTH IN MARCH
Highlights
• The report said the Purchasing Managers' Index (PMI) went up by 3.9 percentage points to 64.7 percent
• The March PMI indicates expansion in the overall economy for the 10th month in a row after shrinking in the months or March, April and May in 2020...
PRESIDENT BIDEN’S $2 TN INFRASTRUCTURE PROPOSAL INCLUDES $50 BN FOR US CHIP INDUSTRY
Highlights
• The President of the United States, Joe Biden has proposed a plan to develop country’s infrastructure, which is worth $2 trillion
• The sum of $50 billion will go toward production incentives and research and design, which also includes the creatio...