Washington

September 27, 2024 5:19 PM

Chinese nuclear-powered submarine sank this year, US official says

China's newest nuclear-powered attack submarine sank earlier this year, a senior U.S. defense official said on Thursday, a potential embarrassment for Beijing as it seeks to expand its military capabilities. China already has the largest navy in the world, with over 370 ships, and it has embarked on production of a new generation of nuclear-armed submarines. A senior U.S. defense official, speaking on condition of anonymity, said China's new first-in-class nuclear-powered attack submarine sank...

September 16, 2024 3:59 PM

India and US are destined to be strong partners, says Rajnath Singh

Lauding the progress in India-US ties, Defence Minister Rajnath Singh told the Indian diaspora that New Delhi and Washington are "destined" to be strong partners. Rajnath Singh is on an official visit to the US from August 23 to 26 at the invitation of the US Secretary of Defence Lloyd Austin. He arrived in Washington, on Thursday "India and the US are natural allies, we have old ties. Even destiny wants India-US relations to be strong," he said addressing the Indian community in Washington on ...

June 19, 2024 3:58 PM

US pushing Netherlands, Japan to restrict more chipmaking equipment to China, source says

A U.S. official was headed to Japan after meeting with the Dutch government in an effort to push allies to further crack down on China's ability to produce cutting-edge semiconductors, a person familiar with the matter told Reuters on Tuesday. Alan Estevez, the U.S. export policy chief, was again trying to build on a 2023 agreement between the three countries to keep chipmaking equipment from China that could modernize its military. The U.S. first imposed sweeping restrictions in 2022 on shipm...

September 16, 2024 6:40 PM

Nvidia overtakes Apple as No. 2 most valuable company

Nvidia's rallied to record highs on Wednesday, with the artificial intelligence chipmaker's valuation breaching the $3 trillion mark and overtaking Apple to become the world's second most valuable company. Nvidia is preparing to split its stock ten-for-one, effective on June 7, a move that could increase its appeal to individual investors. The surge in Nvidia's market value above Apple's marks a shift in Silicon Valley, which the company co-founded by Steve Jobs has dominated since it launched...

May 9, 2024 5:43 PM

Israeli forces mass on Rafah’s outskirts as US warns a major assault could halt arms

Israeli forces massed tanks and opened fire close to built-up areas of Rafah on Thursday, residents said, after U.S. President Joe Biden vowed to withhold weapons from Israel if its forces launch a major invasion of the southern Gaza city. As ceasefire talks continued in Cairo, Palestinian militant groups Hamas and Islamic Jihad said their fighters struck Israeli forces on the eastern outskirts of Rafah, firing anti-tank rockets and mortars at Israeli positions. Residents and medics in Rafah...