Search Result for : White House

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  The US government on Wednesday welcomed the move by IT major Infosys to employ 10,000 American workers in the coming two years, by stating that it was an outcome of the Trump administration’s “pro-growth economic agenda.” On Tuesday, Infosys had announced that it will set up 4 new centres in the US and hire 10,000 Americans in the coming two years as part of the company’s efforts to lessen the impact of the curbs on H1-B visa. Out of the four, the first innovation centre for newer technologies such as machine learning and artificial intelligence (AI) will be opened in August in the Midwestern US state of Indiana, also the home of Vice-President Mike Pence. The announcement by the IT giant is termed ...

PTI US President Donald Trump is set to sign several executive orders, including one on building a border wall with Mexico, this week to crack down on immigrants - one of his central campaign promises - and could suspend immigration from some Muslim nations, media reports have said. Trump is expected to order the construction of the border wall with Mexico, the first in a series of actions to bolster national security, The New York Times reported. The border wall was a signature promise of Trump's campaign to control the illegal flow of immigrants. His actions would also include slashing the number of refugees who can resettle in the US and blocking Syrians and others from "terror prone" nations ...

The Dollar Business Bureau In a move that comes less as a surprise and more as an audacious message sent out by Trump's office on his very first day as POTUS, he signed an executive order to begin the process of revoking ObamaCare, a healthcare initiative looked upon as the legacy of ex-President Barrack Obama.  Titled 'Minimizing the economic burden of the Patient Protection and Affordable Care Act pending repeal', the order seeks to minimize the 'unwarranted economic and regulatory burdens of the act' and create a more open and free healthcare market.  ObamaCare, a federal statute enacted by Barrack Obama in 2010, was enforced to transmogrify the healthcare industry in US. The act set out to expand insurance cover, by subsidising health insurance and making acceptance of all insurance applications ...

PTI President Barack Obama's White House today made it clear that US' ties with Taiwan was not a "bargaining chip" and that America was firmly committee to the decades-old "One-China" policy, a day after president-elect Donald Trump questioned the relevance of pursuing the policy. "The United States government, under the leadership of President Obama, has been and remains firmly committed to our one-China policy. That's also the policy, by the way, that previous presidents in both parties have pursued and our country has benefited from adherence to that policy," White House Press Secretary Josh Earnest told reporters. "One reason that we have pursued that policy is because the Obama administration does not view Taiwan and our relationship with Taiwan as a ...

The Dollar Business Bureau (sourced from PTI)  US President-elect Donald Trump has met Sandeep Mathrani, a top Indian-American real estate industry veteran from Chicago amid reports of him joining the new administration. After choosing Indian born Nick Haley to represent as the US Ambassador at the UN, Sandeep could be the 2nd Indian in Trump’s administration. Mathrani, 54, the Chief Executive Officer of General Growth Properties - the second-largest mall portfolio owner in the US, met the President-elect at the Trump Towers in New York yesterday. The presidential transition team, except for announcing the scheduled meeting, did not issue a readout of the meeting Trump had with Mathrani, real estate executive from Chicago, the hometown of outgoing President Barack Obama. Local media ...

By Sreenivasa Rao Dasari It is the season of surprises. As if the surgical strike on black money in India was not enough Donald Trump to the surprise of many was today elected the 45th President of the United States. While Trump was (surprisingly) presidential in his victory speech, his win sent tremors through the financial markets across the globe. The possible impact of a Trump presidency, if he remains true to his campaign promises, could change the world of trade. India-US: Trump during his campaign had said “India will have a true friend in White House” if he is elected President. Richard Verma, US Ambassador to India in a statement after the results were announced said,"The US-India relationship is vitally important, ...

The Dollar Business Bureau  The prices of oil rebounded after two months of losing streak that sprung due to uncertainty over an OPEC deal amidst growing US crude stockpiles and the looming American election. All these kept the markets volatile. US inventories showed an increase last week and OPEC members claimed exemption from an agreement to limit supplies boosted the production figures in the month of October. According to the Hyundai Futures Corp “while the gain in stockpiles was a huge surprise in the market, prices are recovering in the oil market after a continuous decline of 8.8%  the last four sessions.” Oil volatility is near the highest level in more than a month, but investors are cautious  due to the ongoing ...