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S&P Global sees US, European corporate default rates doubling in 9 months

LONDON (Reuters) - The COVID-19 shock will double company default rates across the United States and Europe over the next 9 months, ratings agency S&P Global said on Tuesday, although it noted that the record downgrade pace of recent months was now slowing.

Russia, France, US call for ceasefire in Nagorno-Karabakh region

Russian Foreign Minister Sergei Lavrov, French Foreign Minister Jean-Yves Le Drian and U.S. Secretary of State Mike Pompeo called for a ceasefire in the Nagorno-Karabakh region

NY governor vows aggressive enforcement amid weak observance of Covid norms

Heavy-handed enforcement would be carried out in New York from Monday onwards, said State Governor Andrew Cuomo on Sunday amid low observance of Covid-19 norms in the city

Covid in US: Mike Pence ordered borders closed after CDC experts refused

Mike Pence in March directed CDC to use its emergency powers to effectively seal the US borders, overruling the agency's scientists who said there was no evidence the action would slow the coronavirus

House Democrats discuss tougher antitrust law, some Republicans agree

Representative Ken Buck, a Republican, appeared swayed by calls for tougher antitrust law, including giving more funding to the Justice Department and Federal Trade Commission

US proposes $1.5 trillion stimulus, $20 billion aid extension for airlines

The Trump administration has proposed including a $20 bn extension in aid for the battered airline industry in a new stimulus proposal to House Democrats worth over $1.5 trn

Six missiles intercepted targeting Irbil Airport in northern Iraq

At least six missiles targeting Irbil international airport in northern Iraq were intercepted Wednesday evening, as tensions between Washington and Baghdad mounted over a spate of rocket attacks

California wildfire: Residents again face fire anguish as homes burn

Northern California's wine country was on fire again as strong winds fanned flames in already scorched region, destroying homes and prompting overnight evacuation orders for more than 50,000 people

Armenian Foreign Min holds phone talks with US Deputy Secretary of State

Armenian Foreign Minister held phone talks with US Deputy Secretary of State , discussing the flare-up of military hostilities in Nagorno-Karabakh

USA coronavirus update: Highest spike in cases reported since mid-August

The United States, for the first time since mid-August, reported 55,054 new COVID-19 cases across the country on Friday as per the latest updates by Johns Hopkins University, reported by CNN

US announces $150 million for H1B One Workforce training programme

The United States announced $150 million (over Rs 1,100 crore) on Thursday to invest in training for middle-to-high-skilled H-1B occupations in key sectors in the American economy

Pradhan invites US cos to engage in developing gas infrastructure in India

Union Minister of Petroleum and Natural Gas and Minister of Steel Dharmendra Pradhan on Thursday discussed 'Strategic Energy Partnership' during video conferencing with Kenneth Juster, the US Ambassador to India, and invited the US companies to engage more intensely in developing the gas infrastructure in India.Informing about the same in series of tweets, the Ministry of Petroleum and Natural Gas said that, the Minister also reviewed the strategic petroleum reserves' cooperation initiated in June this year."Minister of Petroleum & Natural Gas and Minister of Steel Dharmendra Pradhan had a discussion through VC with Kenneth Juster, the U.S. Ambassador to India on India-U.S Strategic Energy Partnership.The U.S. Ambassador to India recognized that the energy component is emerging as a key constituent of the India-US strategic partnership," tweeted the Ministry."Minister Dharmendra Pradhan invited US companies to engage more intensely in developing the gas infrastructure in the ...

Majority of Americans remain susceptible to coronavirus: CDC chief

Robert Redfield, Director of the US Centers for Disease Control and Prevention (CDC), has said that a majority of Americans remain susceptible to the novel coronavirus

Sudan Sovereign Council says talks with USA in UAE 'serious, frank'

Sudan's Sovereign Council said the talks between Sudan and the United States, hosted by the United Arab Emirates, were "serious and frank."

FB removes 150 fake accounts running from China, posting on US election

Facebook said that it has shut down over 150 fake accounts that were being run from China, including accounts posting about November's US presidential election

USA coronavirus update: California tops 15,000 deaths; infection rate falls

California's death count from the coronavirus has surpassed 15,000 even as the state sees widespread improvement in infection levels

Concept of Indo-Pacific incorporated India into larger solution: US

The concept of Indo-Pacific has incorporated India into the larger solution and the Trump administration is developing new arrangements to coordinate with like-minded partners like the Quad countries

'Resolutely opposed' to US decision of banning WeChat, TikTok: China

China's Commerce Ministry said on Saturday it was "resolutely opposed" to the U.S. decision to ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night

US sends troops, armoured vehicles to Syria to counter Russia forces

The US has deployed additional troops and armored vehicles into eastern Syria after a number of clashes with Russian forces

Expect to have enough Covid vaccines for every American by Apr 2021: Trump

US President Donald Trump on Friday (local time) said that his administration expects to have enough doses of coronavirus vaccines for every American citizen by April 2021