US lawmakers debate new federal charter for fintech payment firms

IANS | June 25, 2026 11:03 AM

Washington, June 25 (IANS) US lawmakers examined whether Congress should create a dedicated federal payments charter for financial technology companies, with industry leaders arguing that the existing banking framework has failed to keep pace with innovation, while critics warned that easing access to the nation's payment infrastructure could undermine financial stability and consumer protections.

India poised to lead AI-led innovation with strong talent pool: Experts

IANS | June 25, 2026 10:34 AM

Dalian (China), June 25 (IANS) Artificial intelligence (AI) is emerging as a powerful force in addressing real-world challenges -- from creating cleaner and more sustainable cities to accelerating scientific discoveries -- while India's vast pool of young talent positions it to play a larger role in the global AI ecosystem, experts said on Thursday.

India, US discuss deeper cooperation in semiconductors, AI and critical minerals

IANS | June 25, 2026 9:53 AM

New Delhi, June 25 (IANS) India and the United States discussed ways to deepen bilateral technological cooperation, with a focus on semiconductor manufacturing, artificial intelligence (AI), trusted supply chains and critical minerals, during a high-level meeting in Washington, it was announced on Thursday.

Trump orders probe into fuel prices

IANS | June 25, 2026 9:33 AM

Washington, June 25 (IANS) US President Donald Trump has said his administration was investigating major oil companies over suspected price gouging, arguing that falling crude oil prices had not translated into lower prices at American petrol stations.

US lawmakers cite India's UPI model in payments reform debate

IANS | June 25, 2026 9:21 AM

Washington, June 25 (IANS) US lawmakers debating the future of the country's payment system pointed to India's Unified Payments Interface (UPI) as an example of how modern public payment infrastructure can drive private-sector innovation, as fintech firms urged Congress to overhaul regulations governing access to America's payment network.

Rutte credits Trump for $1.2 trillion defence spending surge in NATO

IANS | June 25, 2026 8:56 AM

Washington, June 25 (IANS) NATO Secretary General Mark Rutte credited President Donald Trump with driving a sharp increase in defence spending across the alliance, saying European allies and Canada were investing hundreds of billions of dollars more in security while creating thousands of jobs in the United States.