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US GAO REPORT
Oil rises on concerns over escalating military tensions in the Middle EastOil prices surged Friday amid escalating Middle East tensions. Iran's release of footage showing commandos boarding a cargo ship in the Str...
F-35 program missing delivery schedule, cost escalates, but Lockheed Martin and Pratt & Whitney pocket millions in incentives: US GAO reportThe US military operates over 500 F-35 jets. A report reveals cost overruns and delivery delays. Deadlines are regularly missed. Contractor...
F-35s hobbled by parts shortages, slow repairs, audit findsThe shortages are “degrading readiness” because the fighter jets “were unable to fly about 22 percent of the time” from January through Aug...
LeEco secures $600 mn funding; appoints new APAC PresidentLeEco has been facing an impending cash crunch as a result of rapid expansion.
China to open e-commerce, other sectors to foreign investmentChina will lift restrictions to investments by foreign firms in a range of service industry sectors, including e-commerce, logistics, accou...
IOC, ONGC, OIL among 5 companies named by US for Iran tiesUS GAO had included only ONGC and OIL in its previous report last year and kept IOC out because of "insufficient information available".
China and US complete text negotiation on BITThe Chinese side is translating, evaluating and studying the EU negotiation text and is preparing for submitting such a text to the EU.
Chinese internet regulator Gao Jianyun sacked for corruptionGao Jianyun sought and accepted huge bribes among other serious disciplinary violations, the Central Commission for Discipline Inspection (...
US moves ONGC Videsh out of list of firms with ties to IranThe US ISA provides for sanctions against persons, including foreign firms, investing more than $20 million in Iran's energy sector in any ...
US could save $150m/year if citizens accept $1 coin: GAO reportThe Federal Reserve Banks hold about $1.4 billion in $1 coins -- enough to meet the country's demand for the next 40 years.
Govt spends Rs 1 cr on US lobbying in Q1-2013A number of US cos are lobbying with their own lawmakers to seek their help in pushing further their business interests in India.
Tri-Valley scam: US watchdog slams Department of Homeland SecurityA US government watchdog today slammed the Department of Homeland Security over its handling of widespread fraud in American educational in...
- Post 9/11, Pak has received USD 18 bn in US aid
Since the 9/11 attacks, Pakistan has received more than USD 18 billion in assistance from the US, about two-thirds of which is security rel...
- AIG owes $120.7 bn in public aid: GAO
US insurance giant AIG, partly nationalized a year ago to avert a collapse authorities said would destabilize the global financial system, ...
- China vows better food safety after baby milk scandal
China vowed on Sunday to improve its food safety supervision after confirming 432 babies suffered from kidney stones and at least one died ...
- Most companies in US avoid federal income taxes
Unlike the typical American citizen, most U.S. corporations and foreign companies doing business in the United States pay no federal income...
- China slow in meeting WTO commitments: US study
China has been slow in meeting commitments it made when joining the World Trade Organization (WTO) more than six years ago, according to a ...