Page 123 - United States
Raw material shortage may affect scaling up of Covishield production
Last week, Adar Poonawalla had said on a World Bank panel that a US law blocking the export of key items like bags and filters will likely cause "serious bottlenecks" in vaccine production
 "Raw material shortage may affect scaling up of Covishield production")
China will engage with all parties in Myanmar post-military coup: China FM
China said on Sunday it will not change the course of its close ties with Myanmar
 "China will engage with all parties in Myanmar post-military coup: China FM")
Biden appoints two more Indian-Americans to key administration position
US President Joe Biden has appointed two more Indian-Americans in key administrative positions, according to the latest list announced by the White House on Friday. Chiraag Bains has been appointed as Special Assistant to the President for Criminal Justice and Pronita Gupta has been named Special Assistant to the President for Labour and Workers. The announcement for appointing Bains and Gupta was part of more than 20 appointments of additional policy staff who will serve with the White House COVID Response Team, Domestic Climate Policy Office, Domestic Policy Council and National Economic Council. These qualified, impressive, and dedicated individuals reflect the diversity and strength of America and will play critical roles advancing the Biden-Harris administration's commitment to tackling the crises we face and building back our country better, the White House said. The Biden administration has so far appointed more than 55 Indian-Americans to key administrative position. Born
 "Biden appoints two more Indian-Americans to key administration position")
US, UK agree to suspend tariffs, seek to end aircraft subsidy dispute
The US administration under former president Trump had imposed tariffs on an array of EU food, wine and spirits, including on Scotch whisky, which the industry says are putting its future at risk
 "US, UK agree to suspend tariffs, seek to end aircraft subsidy dispute")
Samsung considers four sites in US for $17 billion chip plant: Report
Samsung's US customers for its contract manufacturing chip business include Tesla Inc, Qualcomm Inc and Nvidia
 "Samsung considers four sites in US for $17 billion chip plant: Report")
China proposes free travel to US based on recognition of Covid-19 vaccines
In a bid to open up foreign travel, China has proposed to the US mutual recognition of COVID vaccines and permission of free travel between the two countries to only those persons who are vaccinated.
 "China proposes free travel to US based on recognition of Covid-19 vaccines")
Fiat Chrysler Automobiles pleads guilty in US labour probe, pay $30 mn fine
U.S. District Judge Paul Borman said at a court hearing he accepted Fiat Chrysler's guilty plea and set a June 21 sentencing date
 "Fiat Chrysler Automobiles pleads guilty in US labour probe, pay $30 mn fine")
US spending on construction rises 1.7% in Jan as home building continues
Spending on US construction projects rose 1.7 per cent in January as new home building continues to lift the sector
 "US spending on construction rises 1.7% in Jan as home building continues")
Dow jumps 600 pts on vaccine cheer, stimulus optimism; cyclical stocks rise
US bond market rout eases; shares of cruise liner and hotel operators, and carriers including Carnival Corp, Hilton, Delta Air Lines Inc and American Airlines gained between 1.8% and 4.6%
 "Dow jumps 600 pts on vaccine cheer, stimulus optimism; cyclical stocks rise")
Logitech sees pandemic-driven growth continuing, hikes 2021 guidance
The firm issued a 2022 forecast, saying growth trends in remote work, video collaboration, esports and digital content creation would continue beyond the 2021 boom
 "Logitech sees pandemic-driven growth continuing, hikes 2021 guidance")
Markets on tenterhooks as inflation fears overtake recovery hopes
Trajectory would hinge on Street's perceived inflation forecasts
 "Markets on tenterhooks as inflation fears overtake recovery hopes")
US House passes $1.9 trillion pandemic bill on near party-line vote
This is a win for President Joe Biden
How idled car factories super-charged a push for US chip subsidies
By Stephen Nellis
 "How idled car factories super-charged a push for US chip subsidies")
United States implicates Saudi crown prince in Jamal Khashoggi's killing
Prince Mohammed has denied any involvement in the killing, while saying he accepts symbolic responsibility for it as the country's de facto ruler
 "United States implicates Saudi crown prince in Jamal Khashoggi's killing")
GameStop shares climb in early deals, on track for second best week
GameStop shares touched $120.60 and were on track to nearly triple this week in an equity market where falling bond prices have weakened general investor sentiment towards US stocks
 "GameStop shares climb in early deals, on track for second best week")
Biden weighs path forward for $15 minimum wage after Senate roadblock
"He's committed to getting it done," he said. "We were disappointed by the parliamentarian's ruling."
 "Biden weighs path forward for $15 minimum wage after Senate roadblock")
China's Huawei, reeling from US sanctions, plans foray into EVs: Report
Huawei was placed on a trade blacklist by the Trump administration over national security concerns
 "China's Huawei, reeling from US sanctions, plans foray into EVs: Report")
Oil drops 1% on US dollar strength, expectations for supply gains
Brent crude futures for April, which expire on Friday, fell 86 cents, or 1.3%, to $66.02 a barrel
 "Oil drops 1% on US dollar strength, expectations for supply gains")
GameStop Corp shares soar around 50% as 'meme stocks' rally again
GameStop shares hit $160 at the open before being halted after several minutes of trading and fell to around $129 before the second halt
US unemployment claims fall to 730,000 but layoffs remain high
The latest figures come as the job market has made scant progress in the past three months
 "US unemployment claims fall to 730,000 but layoffs remain high")
