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The Republican-led US House of Representatives Oversight Committee on Monday asked Federal Reserve Chair Jerome Powell to hand over confidential documents related to the central bank's supervision of failed Silicon Valley Bank.Committee chair James Comer, in a letter to Powell published on the panel's website, also asked for documents related to Fed Vice Chair Michael Barr's investigation into the supervisory and regulatory failures that contributed to SVB's collapse in March, which triggered weeks of turmoil in the US…

With an eye toward enhancing protection against the coronavirus, which is still evolving and circulating, federal health advisors said Thursday that the next round of COVID-19 vaccines should be updated to target the now-dominant XBB strains.The unanimous recommendation from the U.S. Food and Drug Administration’s vaccine advisory committee follows that of agency staff, who in a memo acknowledged that while older vaccine formulas can still help stave off severe disease, “protection wanes with time and is reduced against…

A pilot holds the thrust controls of a United Airlines Boeing 787 aircraft at Newark Liberty International Airport in Newark, New Jersey, March 9, 2023.Ed Jones | AFP | Getty ImagesA House panel voted Wednesday to raise the mandatory retirement age for commercial airline pilots to 67 from 65 as the industry faces a persistent shortage of aviators.Members of the House Committee on Transportation and Infrastructure voted 32-31 to include the measure in proposed legislation to reauthorize Federal Aviation Administration…

The issue of "cyber security and rising incidence of cyber/white collar crimes" was at the centre of deliberations at a meeting of a key parliamentary panel as experts from the industry were quizzed by lawmakers about various facets of unlawful activities, including fraud loan apps. Sources said the members of the Standing Committee on Finance sought the views of experts about various trends in cyber crime and what measures can be taken to mitigate the risks. The issue of fraud lending apps, which have been hitting…

The Energy Transition Advisory Committee of the Petroleum Ministry, which was appointed by the Indian government to create a roadmap for the transition to clean energy, has presented its final report. The committee, led by former petroleum secretary Tarun Kapoor, recommends a full ban on diesel-powered four-wheelers in all cities with a population of one million or more by 2027. The report also recommends that no new diesel-powered city buses be introduced to metropolitan areas and that a ban on diesel-powered…

Last Updated: May 08, 2023, 12:29 ISTJamshedpur to Introduce E-Autos to Combat Pollution (Photo: Piaggio)The JNAC aims to combat pollution by promoting green transportation alternatives that are both efficient and cost-effectiveIn a commendable initiative aimed at tackling pollution head-on, the Jamshedpur Notified Area Committee (JNAC) has announced plans to introduce electric auto-rickshaws, popularly known as e-autos, in the city. With this progressive step, JNAC hopes to significantly reduce vehicular emissions and…

A shopper carries a bag of Nike merchandise along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. Scott Olson | Getty ImagesWASHINGTON — A House committee examining the U.S. government's economic relationship with China is asking some of the world's largest clothing companies for information about the use of forced labor during production — a potential violation of U.S. trade law.Lawmakers asked retailers Temu, Shein, Nike and Adidas North America about the use of materials and labor…

Indian startups plan to oppose the draft views prepared by the Internet and Mobile Association of India (IAMAI) for submission to a committee that is examining the need for a separate law on competition in digital markets. According to these startups, the industry body is batting for Big Tech platforms, people in the know said.In a draft note circulated among its members, the IAMAI flagged several observations made in a December 2022 report of the Parliamentary Standing Committee on Finance on anticompetitive practices by…

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There can be 24 people appointed to President Biden’s Committee on the Arts and the Humanities, and just one will be Lady Gaga. The White House announced Thursday that the “Hold My Hand” and “Born This Way” hitmaker is among the two dozen artists, scholars and philanthropists who will help usher in a new chapter of federal support for arts and culture in America. Lady Gaga (real name Stefani Germanotta) will serve as a co-chair with Oscar-winning producer Bruce Cohen. According to the White House, the President’s…