Search Result for : Barack Obama

The Dollar Business Bureau Jerome Powell will succeed Janet Yellen as the next chairman of the US’ Federal Reserve Bank - the most powerful central bank in the world. The selection of Powell has been confirmed by the US Senate with 84-13 vote with support from both Republicans as well as many Democrats. Powell, a 64-year-old lawyer, was nominated by President Donald Trump in November last year. He has served on the Federal Reserve’s board since 2012, and would take over when Yellen’s term expires on February 3, 2018. Yellen, the present chairman of Federal Reserve, was selected in 2014 by President Barack Obama and has been the first woman to be appointed on the position. Powell was seen as a safe choice by ...

The Dollar Business Bureau  With the first shipment of two million barrels of US crude oil, costing about $100 million, expected to reach India by the end of September and the volume of crude oil that India could buy in the future, it is very likely that the bilateral oil trade between the two countries could increase to $2 billion. With this, India will be in the league of Asian countries such as Japan, South Korea and China in purchasing American crude oil after OPEC reduced its production, leading to a price increase of the heavy-sour crude of Middle East. Tweeting about the development, the Indian Embassy in Washington said, “New breakthroughs! Oil shipments frm US to India has started,” on Wednesday, after ...

The Dollar Business Bureau  The US Administration under President Donald Trump has recognized India as a foremost foreign policy priority, said Richard Rahul Verma, the former US Ambassador to India, mentioning that the credit for robust relations between the two countries goes to former US President Barack Obama and Indian Prime Minister Narendra Modi.  “I do think India has been recognized as a major foreign policy priority (in the Trump Administration) and one that from the president on down, people are vested in, and that’s very encouraging,” Verma told PTI.  “The overall relationship trajectory between the two has been pretty good,” he said.  “As you know, in the last two to three years of the Obama administration we made a lot of progress and all ...

The Dollar Business Bureau  The United States President Donald Trump said on Wednesday that he will be announcing his decision regarding the landmark Paris Climate Accord on Thursday which is today. “I will be announcing my decision on Paris Accord, Thursday at 3:00 pm. The White House Rose Garden. MAKE AMERICA GREAT AGAIN!,” the US president said in a tweet. To withdraw from the Paris climate change accord, was one of the key electoral promises of Trump.  Though he still seems to be undecided about the total withdrawal from the Paris agreement, officials from the White House told media on Wednesday, this is a move that would risk rupturing international alliances and disappoint environmentalists as well as corporate titans. Although the officials cautioned that ...

The Dollar Business Bureau Donald Trump on Tuesday signed an executive order to reverse the climate change policy of former President Barack Obama, bringing back the question as to whether the US leadership will actively promote the campaign against global warming. Keeping his promise to support the coal sector, Trump inked the executive order at the Environmental Protection Agency (EPA). Trump said that the order will abolish federal overreach and begin a new age of job creation and production. “With today’s executive action, I am taking historic steps to lift the restrictions on American energy, to reverse government intrusion and to cancel job-killing regulations,” he said after signing the executive order. He further said that this action is the latest in a series of measures to ...

The Dollar Business Bureau The US administration under Donald Trump has asked for 60 days for responding to a case in court that challenges the previous Barack Obama Administration’s decision to allow the spouses of H1-B visa holders for working in the US. Though the decision by the Obama government was welcomed by the huge community of H-1B visa holders which mainly comprises of Indians, various groups in the country challenged the decision in the federal court. “This is ‘especially concerning’ said Attorney General Jeff Sessions then reacting to the Obama government’s move. When he was a US Senator, he called the H-4 Rule a "change (in) immigration law in a way that hurts American workers,” Immigration Voice said in a statement on Tuesday. On February 1 ...

The Dollar Business Bureau   US President Donald Trump’s views of Indo-US relationship is very positive and is keen to take the bilateral relationship forward, Foreign Secretary S Jaishankar said, after he met the senior cabinet officials of the US government.  Speaking with the Indian reporters on the margins of the India-US Strategic and Commercial Dialogue, which was started during the ex-President Barack Obama-led administration, Jaishankar said: "Optimistic" about the continuation of the upward trajectory of the bilateral relationship. Overall, (the) sense was that the Administration has a very positive view of the relationship, positive view of India. We saw a lot of goodwill and a lot of interest in taking the relationship forward.”  The two countries are currently working on the nitty-gritty ...

PTI  President Barack Obama has warned that the US will retaliate against Russia for launching cyber attacks during the presidential election after the White House accused senior-most Russian officials of direct involvement in hacking. The outgoing US president said he was waiting for a final report he has ordered into a range of Russian hacking attacks that may have swayed last month's tight election in which Republican candidate Donald Trump defeated Democrat Hillary Clinton. "I think there is no doubt that when any foreign government tries to impact the integrity of our elections. That we need to take action and we will," Obama told the National Public Radio in an interview. "At a time and a place of our own choosing. ...