Trump administration seeks record $1.5tn defence budget

IANS | July 16, 2026 8:42 AM

Washington, July 16 (IANS) US President Donald Trump has said that his administration would seek a $1.5 trillion defence budget, describing it as a necessary investment to modernise the military, accelerate weapons production and strengthen America's industrial base amid growing global security challenges.

US Fed taps former RBI Governor Raghuram Rajan for key reform panel

IANS | July 16, 2026 7:56 AM

Washington, July 16 (IANS) Federal Reserve Chairman Kevin Warsh has enlisted former Reserve Bank of India Governor Raghuram Rajan to help review the US central bank's balance sheet, as part of a sweeping reform programme aimed at reshaping monetary policymaking after years of elevated inflation.

Pentagon orders hormone tests for troops to address 'Operation Syndrome'

IANS | July 16, 2026 7:53 AM

Washington, July 16 (IANS) The Pentagon has ordered mandatory testosterone deficiency screening for all active-duty and reserve service members aged 30 and above as part of a broader push by the Trump administration to improve military readiness, optimise combat performance and address what it describes as "Operator Syndrome."

Trump vows to rebuild US shipbuilding, calls it national security priority

IANS | July 16, 2026 7:37 AM

Washington, July 16 (IANS) US President Donald Trump has unveiled an ambitious plan to revive American shipbuilding, asserting that his administration would expand domestic ship production, work with foreign partners to accelerate construction and rebuild America's naval industrial base after decades of decline.

Floods in China's Guangxi leave 39 dead, nine missing

IANS | July 16, 2026 7:24 AM

Beijing, July 16 (IANS) Floods triggered by rounds of torrential rains have left 39 people dead and nine others missing in the Guangxi Zhuang Autonomous Region, the Chinese authorities said on Thursday.

AI will create jobs, says Fed chief Warsh

IANS | July 16, 2026 6:23 AM

Washington, July 16 (IANS) Federal Reserve Chairman Kevin Warsh has said that the United States is witnessing the biggest wave of business investment in a generation, driven largely by artificial intelligence (AI), and predicted that the technology would ultimately create jobs, lift productivity and strengthen the American economy despite short-term disruption.

Trump unveils $10bn US defence push, claims it will create over 4000 jobs

IANS | July 16, 2026 6:14 AM

Washington, July 16 (IANS) US President Donald Trump has announced nearly $10 billion in new investments in the country's defence industrial base in Pennsylvania, saying the projects would create more than 4,000 jobs and strengthen America's military manufacturing amid growing global security challenges.