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.

Sensex, Nifty open nearly 1 pc lower as Brent crude tops $100

IANS | July 24, 2026 9:32 AM

Mumbai, July 24 (IANS) Domestic equity markets opened lower on Friday, with benchmark indices declining almost 1 per cent each amid heightened global uncertainty and a surge in crude oil prices, with Brent crude crossing the $100-per-barrel mark.

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.