A federal jury in Texas said Apple Inc must pay about $308.5 million to Personalized Media Communications LLC (PMC) for infringing a patent associated with digital rights management.
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The US House of Representatives has passed two key bills that would create a pathway to citizenship for millions of undocumented immigrants, some migrant farmworkers and children whose parents immigrated legally to the country, like those under the H-1B visa programme.
Former Microsoft Ventures director and angel investor Mukund Mohan has pleaded guilty to wire fraud and money laundering regarding his scheme to obtain over $5.5 million in Paycheck Protection Program (PPP) loans and laundering the proceeds, the acting US Attorney for the Western District of Washington said in a press release issued on Monday.
The Federal Reserve on Wednesday projected a rapid jump in US economic growth and inflation this year as the Covid-19 crisis winds down, and repeated its pledge to keep its target interest rate near zero for years to come.
The switch in supplies, triggered by lower US crude demand, coincided with Saudi Arabia’s voluntary extra 1 million bpd output cut on top of an agreement by the Organization of the Petroleum Exporting Countries and its allies (Opec+) to maintain lower production.
A US judge on Friday ordered Chinese smartphone maker Xiaomi temporarily removed from a government blacklist barring American investment in the company.
A US group on Thursday opposed the move of the Biden administration to reverse some decisions of the previous Trump administration with regard to H-1B visas, in particular going back to the lottery system for allocation of this most sought after work visa for foreign technology professionals.
The Biden administration on Friday issued a formal notification to delay the implementation of the previous Trump regime’s controversial rule to raise mandatory minimum pay for foreign workers on the H-1B visa, the most sought after among Indian IT professionals.
Walmart Inc’s Flipkart is exploring going public in the US through a merger with a blank-check company as it seeks to quicken its listing process, according to people familiar with the matter.
Reliance Industries (RIL) has increased its stake in Delaware, US-incorporated technology company skyTran to 54.5% from 26.3%. It paid $26.8 million for the additional 28.2% share purchase.
The US House of Representatives Budget Committee on Monday approved legislation with $1.9 trillion in new coronavirus relief, advancing a top priority of President Joe Biden toward a full House vote on passage expected later this week.
The US Federal Aviation Administration ordered extra inspections onSunday of some Boeing 777 passenger jets, after a United Airlines flight suffered engine failure a day earlier, scattering debris across a Colorado community.
Chinese foreign minister Wang Yi called on the US on Monday to lift restrictions on trade and people-to-people contacts while ceasing what Beijing considers unwarranted interference in the areas of Taiwan, Hong Kong, Xinjiang and Tibet. Wang’s comments at a forum on US-China relations come as Beijing is pressing Biden administration to drop Trump’s confrontational … Continue reading China urges US to lift trade restrictions
Many US companies, including FedEx and General Motors, were forced to temporarily shut operations on Tuesday as a bone-chilling winter storm caused power outages and gas shortages in parts of the country.
Britain’s Cairn Energy has filed a case in a US district court to enforce a $1.2 billion arbitration award it won in a tax dispute against India, a court document showed, ratcheting up pressure on the government to pay its dues.
A US court has asked for a joint status report on the prospects of work authorisation for H4 visas, in view of the decision of the Biden administration to withdraw the move of Trump-era to rescind work authorisation to certain categories of spouses of foreign professional on H-1B visa.
The overall US trade deficit surged to a 12-year high in 2020 as the Covid-19 pandemic weighed on both exports and imports, the commerce department said.
Billionaire Mukesh Ambani’s Reliance Industries Ltd has sourced the world’s first consignment of ‘carbon-neutral oil’ from the US as it looks to become a net zero-carbon company by 2035. Reliance, which operates the world’s largest single location oil refining complex at Jamnagar in Gujarat with capacity of 68.2 million tonnes a year, got 2 million … Continue reading RIL gets world’s first ‘carbon-neutral’ oil from US
The S&P 500 fell 2.6%, its biggest single-day drop since it lost 3.5% on October 28. It had set a record high just two days earlier. The Dow and tech-heavy Nasdaq composite also fell more than 2%. The sell-off left the S&P 500 and Dow in the red for the year.
The US economy contracted at its sharpest pace since World War II in 2020 as Covid-19 ravaged services businesses like restaurants and airlines, throwing millions of Americans out of work and into poverty.
US consumer confidence rose moderately in January while lingering concerns about the Covid-19 pandemic led to a further deterioration in households’ perceptions of the labor market, raising the risk of a second straight month of job losses.
Shares in Chinese technology giant Xiaomi collapsed more than 11 per cent in Hong Kong trade on Friday after the US put it on a blacklist. The aim is to ban Americans from investing in it as the Trump administration ramps up its battle with Beijing.
The Delhi high court Wednesday sought response of Kishore Biyani-led Future Retail Ltd (FRL) on Amazon’s plea challenging the prima facie observations by a single judge that the US e-commerce giant’s attempt to control the Indian entity was violative of FEMA and FDI rules.
Boeing Co will pay more than $2.5 billion in fines and compensation after reaching a settlement with the US department of justice over two plane crashes that killed a total of 346 people and led to the grounding of its 737 MAX jetliner.
Digital services taxes (DSTs) adopted by India, Italy and Turkey discriminate against US companies, are inconsistent with the currently prevailing principles of international tax and burden or restrict US companies. These are the findings of the office of the US Trade Representative (USTR) that were recently made public, pursuant to an investigation under The Trade … Continue reading India’s equalisation levy: Will it ignite a new trade war?
The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said on Wednesday. Defense department officials, who oversee the blacklist designations, have not yet finalized plans and are also discussing adding other Chinese firms to … Continue reading US may add Alibaba, Tencent to investment ban list
China’s Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a US dollar-denominated bond this month, four people with knowledge of the matter said, amid regulatory scrutiny of co-founder Jack Ma’s empire.
China will take “necessary measures” to safeguard the interests of its companies after the New York Stock Exchange began delisting three Chinese telecom firms accused of having military ties, the country’s commerce ministry said on Saturday.