World

27

Aug

By The Press Editor

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World

‘H-1B visa system is scam’: Trump’s commerce secretary says US planning to change Green Card, H1-B visa system

The Trump administration is planning to introduce a "gold card" program, which would allow wealthy foreigners to invest USD 5 million in exchange for US residency. Washington: US Commerce Secretary Howard Lutnick has called the existing H-1B visa programme a "scam," arguing that it takes away jobs from American workers. His remarks signal the possibility of major reforms, which could have significant consequences for Indian professionals, who account for the majority of H-1B holders. The Commerce Secretary criticised the current H-1B visa system, stating that American businesses should prioritise hiring local workers over relying on foreign employees.  H-1B visa system…

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27

Aug

By The Press Editor

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World

‘Will spin your head’: Trump’s warning to India as 50% tariff deadline ends today

In a statement following a cabinet meeting in Washington, DC, US President Donald Trump said he used the tariff threats to force India and Pakistan to enter into a ceasefire. In his remarks, Trump, however, called Prime Minister Narendra Modi a 'very terrific' leader. Washington: As the 50 per cent tariff deadline on New Delhi ends on Wednesday, US President Donald Trump once again reiterated his claims that he brokered peace between India and Pakistan after tensions increased between the two nuclear-armed countries following the Pahalgam terror attack and the subsequent Operation Sindoor.     In a statement following a cabinet…

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27

Aug

By The Press Editor

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World

Indian exports worth USD 48 billion to be hit as 50 per cent US tariffs come into effect today

India-US tariffs: The addtional levies will apply to Indian goods that are “entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 am EST (9.31 am IST) on August 27, 2025. New Delhi: The additional US tariffs on Indian imports are set to come into effect from 9.31 am after Washington issued a draft notice announcing plans to implement Trump's additional 25 per cent tariffs starting August 27. The move is set to impact goods worth more than USD 48 billion in exports to the US. With this move, the total tariff on most Indian goods entering the…

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26

Aug

By The Press Editor

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World

Trump proposes renaming Pentagon to ‘Department of War’, citing need for offensive strength

The US military establishment was originally known as the Department of War from its inception in 1789 until 1947, when President Harry Truman renamed it the Department of Defence to reflect a shift in post-war strategic posture. New Delhi: US President Donald Trump has stirred fresh controversy by proposing that the Pentagon be renamed the "Department of War," arguing that the United States needs to project offensive strength, not just defence. Speaking from the Oval Office during a joint press conference with South Korean President Lee Jae-myung, Trump stated that the change reflects America's historical legacy and future strategic intent. "When…

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26

Aug

By The Press Editor

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World

Former Sri Lanka President Ranil Wickremesinghe granted bail over alleged misuse of govt funds

Ranil Wickremesinghe was arrested on the alleged charges of misuse of government funds amounting to LKR 16.6 million. Earlier on Friday, Ranil Wickremesinghe was arrested on allegations of state funds' misuse, as reported by Newswire Lanka. Colombo: In a significant development, former Sri Lankan President Ranil Wickremesinghe on Tuesday was granted bail after he was named a suspect in an ongoing investigation into the alleged misuse of public funds for a private overseas trip involving ten individuals, Daily Mirror Online reported. As per the Sri Lankan-based newspaper, Daily Mirror, Colombo Fort Magistrate Nilupuli Lankapura released him on three sureties of LKR 5 million each, with the next court…

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26

Aug

By The Press Editor

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World

‘Show respect to America and our tech companies or face consequences’: Trump’s fresh tariff rant

Posting on his Truth Social platform, Trump stated that as President of the United States, he would defend countries targeting “incredible American Tech Companies.” Washington: US President Donald Trump has warned of imposing "substantial" new tariffs to curb American chip exports to countries that levy digital services taxes or enforce related regulations targeting US tech firms. Trump has been pushing trade partners to scrap these taxes, which largely affect major technology companies such as Alphabet, Meta, and Amazon, most of which are American. Posting on his Truth Social platform, Trump declared that as President, he will defend US technology companies from discriminatory…

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26

Aug

By The Press Editor

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World

IDF mobilises 130,000 reservists for Gaza offensive; dual citizens face rising legal scrutiny

In response to the Hamas attacks on October 7, 2023, Israel extended mandatory military service to three years. This move increased the size of the IDF to 169,500 active personnel and 465,000 reservists. Jerusalem: The Israeli Defense Force (IDF) has announced that about 130,000 reservists will be involved in an upcoming military operation aimed at taking control of Gaza City, PTI reported. The first group of 40,000 to 50,000 reservists is scheduled to report for duty on September 2. According to Israeli law, all citizens and permanent residents are required to serve in the IDF for a period ranging from…

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26

Aug

By The Press Editor

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World

Donald Trump fires Federal Reserve governor Lisa Cook amid mortgage fraud allegations

US President Donald Trump fired Fed Governor Lisa Cook. Cook was accused of falsely claiming two primary residences in 2021 to get better mortgage rates. New Delhi: US President Donald Trump fired Federal Reserve Governor Lisa Cook on Monday, intensifying his efforts to exert control over the traditionally independent US central bank. The announcement was made through Trump’s Truth Social platform, where he cited allegations of mortgage fraud as the reason for her dismissal. Fraud Allegations Spark Dismissal The accusations against Cook were first raised by Bill Pulte, a Trump-appointed official who serves on the board that oversees mortgage giants Fannie…

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26

Aug

By The Press Editor

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World

US issues official notice to impose 25% additional tariffs on India from August 27

President Donald Trump, in an executive order, announced 25 per cent tariffs on India but the levies were heightened to 50 per cent, asserting that India was fuelling the Ukraine war by buying oil from Russia. New Delhi: The US Department of Homeland Security on Monday issued a notice outlining the plan to implement 50 per cent tariffs on Indian imports. President Donald Trump, in an executive order, announced 25 per cent tariffs on India but the levies were heightened to 50 per cent, asserting that India was fuelling the Ukraine war by buying oil from Russia.   This move…

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26

Aug

By The Press Editor

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World

Trump tower in North Korea? South Korean Prez Lee brings it up in banter with US Prez | Watch

This marked Lee's first visit to the United States since being elected President of South Korea in July, following the impeachment of former President Yoon Suk-yeol. Yoon had declared martial law the previous year, a controversial move that was later overturned by lawmakers. Washington: In a light hearted conversation at the Oval Office of the White House, South Korean President Lee Jae Myung asked US President Donald Trump to reunify the two Koreas by having a word with Kim Jong Un. President Lee also suggested President Trump build a Trump Tower in North Korea and play golf at that place.…

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