New US bill aims to strengthen IMEC connectivity via Mediterranean

IANS | April 30, 2026 8:03 AM

Washington, April 30 (IANS) US Senators Cory Booker and Dave McCormick have introduced bipartisan legislation aimed at strengthening energy security, supply chains and strategic partnerships by elevating the Eastern Mediterranean’s role in the India–Middle East–Europe Economic Corridor (IMEC).

Oil shock clouds US Federal Reserve outlook, Asia at risk

IANS | April 30, 2026 7:56 AM

Washington, Aprril 30 (IANS) Surging oil prices driven by the Middle East conflict are clouding the US Federal Reserve’s economic outlook, with policymakers warning of rising inflation and uneven global impact, particularly on energy-dependent regions such as Asia.

Joint India-US venture NISAR shows Mexico City sinking at alarming pace

IANS | April 30, 2026 7:35 AM

Washington, April 30 (IANS) A joint United States–India satellite mission has captured fresh evidence of rapid land subsidence in Mexico City, with parts of the metropolitan region sinking by several centimetres per month, according to new data released by NASA and ISRO.

US Federal Reserve independence at risk, warns Powell

IANS | April 30, 2026 7:27 AM

Washington, April 30 (IANS) US Federal Reserve Chair Jerome Powell has warned that the central bank’s independence is “at risk” amid what he called unprecedented legal challenges, raising concerns about its ability to set policy free from political pressure.

US Federal Reserve holds rates as oil shock lifts inflation

IANS | April 30, 2026 6:59 AM

Washington, April 30 (IANS) The US Federal Reserve has kept interest rates unchanged as rising global energy prices linked to the Middle East conflict pushed inflation higher, while policymakers flagged growing uncertainty around the economic outlook.