US lawmakers back IMEC as India-Europe game changer

IANS | July 24, 2026 10:29 AM

Washington, July 24 (IANS) The proposed India-Middle East-Europe Economic Corridor (IMEC) received strong bipartisan backing during a US congressional hearing on the future of the Abraham Accords, with lawmakers and policy experts describing the project as a strategic alternative to China's Belt and Road Initiative that could slash transit times between India and Europe by more than half while reshaping regional economic cooperation.

Trump says AI firms must fund power boom

IANS | July 24, 2026 9:46 AM

Washington, July 24 (IANS) President Donald Trump said technology companies developing artificial intelligence must bear the cost of building the massive energy infrastructure needed to support the industry's rapid expansion, arguing that the policy would protect American consumers from rising electricity bills while accelerating investment in the United States.

US eyes India in shipbuilding push against China

IANS | July 24, 2026 9:35 AM

Washington, July 24 (IANS) India has emerged as a potential strategic partner in the United States' effort to counter China's dominance in global shipbuilding, with congressional witnesses identifying New Delhi alongside Japan and South Korea as part of a long-term allied strategy to diversify maritime industrial capacity away from Beijing.

Trump vows to keep US ahead of China in AI

IANS | July 24, 2026 9:15 AM

Washington, July 24 (IANS) US President Donald Trump declared that the United States was well ahead of China in the global race to dominate artificial intelligence, arguing that rapid expansion of domestic energy infrastructure was essential to maintaining that lead while ensuring American consumers do not bear the cost of powering the AI revolution.

Trump says Xi to visit White House in September

IANS | July 24, 2026 9:13 AM

Washington, July 24 (IANS) US President Donald Trump said on Thursday (local time) that Chinese President Xi Jinping is expected to visit the White House in September, signalling plans for another high-level engagement between the leaders of the world's two largest economies amid strategic competition over trade, technology and security.