How North Korean Scammers Are Stealing US Jobs and Funding Kim's Missiles
How North Korean Scammers Are Stealing US Jobs and Funding Kim's Missiles |Vantage with Palki Sharma
How North Korean Scammers Are Stealing U.S. Jobs and Funding Kim's Missiles | Vantage with Palki Sharma
Remote work has brought flexibility to millions — but it's also opened the door to an international scam of alarming scale. North Korean operatives are using stolen identities, fake companies, and U.S.-based "laptop farms" to infiltrate American tech firms. Their goal? Funnel millions of dollars back to Pyongyang to fuel the country's sanctioned weapons program.
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India Gazette
31 minutes ago
- India Gazette
US Commerce Secretary Howard Lutnick
Washington DC [US], June 3(ANI): A trade deal between India and the United States could be finalised soon, with both countries finding common ground that suits their interests, US Secretary of Commerce Howard Lutnick said, expressing 'strong optimism' about the direction of ongoing talks while speaking at the US-India Strategic Partnership Forum. Lutnick said, 'I think to be in a very, very good place, and you should expect a deal between the United States and India in the not-too-distant future because I think we found a place that really works for both countries.' When asked if he was hopeful about the outcome, Lutnick said he was 'very optimistic,' and added, 'It could be sort of the way I come across.' Lutnick also praised India for moving swiftly in trade talks, noting that both sides were working to finalise a deal far quicker than is typical, a deal that benefits both countries. 'Earlier countries get a better deal. That's the way it is. I think India is trying hard to be one of the earlier countries which I appreciate. But these kind of deals used to take two or three years and we're trying to get them done in a month, which is just not the ordinary DNA of trading relationships between countries,' he said. The Secretary's remarks come ahead of a July 9 deadline he referenced for ongoing trade discussions. Lutnick, who has decades of business experience in India, said the partnership between New Delhi and Washington has strong potential, especially given the 'rare connection' between US President Donald Trump and Indian Prime Minister Narendra Modi. However, Lutnick did not shy away from raising concerns about India's current trade practices. He criticised what he described as New Delhi's ' very protectionist' policies. 'You ask them why? The answer is, I don't know why. It just is,' he said, referring to high tariffs on American goods. 'Bring them down to a level that is reasonable and appropriate so we can be treated as partners with each other.' He also pointed to India's defence ties with Russia as a matter of concern. 'You generally buy military gear from Russia, some way that kind of get up, you know, under the skin of America,' Lutnick mentioned, while also acknowledging India's recent shift towards purchasing American defence equipment. On India's role in BRICS, Lutnick said, 'That's not really the way to make friends and influence people in America.' Lutnick highlighted India's potential as a hub in America's competition with China in artificial intelligence, promising a more open approach to tech-sharing under the Trump administration. 'We are willing to sell our best chips, but they have to be done in certain ways,' he said, adding that the US plans to support the creation of 'giant data centres' in India. He also floated a proposal for a new immigration programme called the 'Trump Gold Card,' aimed at attracting global entrepreneurs. 'A wonderful opportunity for people to be part of two economies,' Lutnick said, adding that it would offer flexibility on tax arrangements and residency status. On the trade front, Lutnick said certain industries would be relocated to India while high-end manufacturing returns to the US. 'There are enormous numbers of industries that we'd really like to go to India,' he added. Interestingly, according to the US Secretary of Commerce, he is a 'great fan of India' and 'even the people in the government know that that's true.' He added that 'one' of his 'best friends' happens to be 'Indian', and they used to have 'fun' together, going to house parties and even playing cricket. (ANI)
NDTV
44 minutes ago
- NDTV
For Volatile Trump, Trade Pacts With China, Europe Prove Elusive
US President Donald Trump is eager to land more trade deals, but talks with China and Europe continue to languish amid communications breakdowns and fresh tariff threats. So far there has been few signs of a breakthrough with either of the two biggest American trading partners. In recent days, the path forward has only grown more complicated, with Trump engaging again in trade brinkmanship and pronouncements that have fueled tensions. Friction between the US and China increased as Beijing claimed Washington had "seriously undermined" a recent tariff truce and threatened to defend its interests - hinting at possible retaliation. That came as the Trump administration accused the Chinese government of dragging its feet on lifting export controls on rare earths the US saw as a linchpin of the deal. The White House on Monday sought to push ahead with efforts to arrange a call between Trump and his counterpart Xi Jinping to ease tensions, with White House Press Secretary Karoline Leavitt saying she expected the leaders to speak this week. But representatives of the Chinese president have yet to publicly reciprocate interest. Meanwhile, the European Union issued a fresh warning of countermeasures if Trump follows through on his tariff threats. The European Commission, which handles trade matters for the bloc, slammed Trump's promised 50% levy on steel and aluminum, saying it would undermine efforts to reach a resolution on trade barriers. Retaliatory measures are ready if no deal is reached, EU officials warned. This is a modal media could not be loaded, either because the server or network failed or because the format is not supported. Trump's negotiating style is driven by his fundamental faith in tariffs as an economic tool to reshape global trade, as well as a belief that outsized threats would help deliver maximum results during the 90-pause on his April 2 higher duties to allow time for negotiations. Thus far, that approach has delivered limited results. Aside from the pause with China, the president has reached a broad framework with the UK. Deals with other major partners that the president and his advisers have promised for weeks have yet to materialize. Despite the recent tumult, Trump's team has projected optimism that his approach will work. Leavitt argued Monday that Trump's threats brought the EU to the negotiating table and that the White House remains "hopeful and optimistic" they will reach a deal. "As you know, we are in discussions with many other countries around the world as well who understand the need to cut a good deal with this president and the administration," she added. Trump's tariffs are also under legal threat after the US Court of International Trade ruled last week that the majority of the levies were issued illegally and ordered them blocked. The ruling was paused by an appeals court to give the body time to review it. If the trade court ruling is upheld, it would deal a major setback for Trump's economic agenda and his ability to wield leverage with foreign capitals. Still, US officials have pointed to some opportunities for progress. US Trade Representative Jamieson Greer is set to meet with his European counterpart this week in Paris. If a call between Trump and Xi does materialize, it would be their first known conversation since January, before Trump's inauguration. Investors are watching the turbulent negotiations warily. European stocks edged lower Monday as global trade tensions rose. On Wall Street, stocks wavered as the tariff agenda caused market angst. As firms pulled back in the face of tariffs, US factory activity contracted and a gauge of imports hit a 16-year low. The fragile détente between the US and China has been under threat in recent weeks as the US has taken a series of actions that frustrated the Chinese government. The Trump administration announced it planned to start revoking visas for Chinese students. Officials have also moved to restrict the sale of chip design software and critical US jet engine parts to China, and crack down on Huawei Technologies Co. exports. US Treasury Secretary Scott Bessent has said a call between Trump and Xi might be necessary to move forward. On Sunday, he expressed confidence that a direct conversation between Trump and Xi will help the two nations iron out some of their issues. "I think we're going to let the two principals have a conversation, and then everything will stem from that," he said on CBS News' Face the Nation. Trump's complaints about the EU are longstanding. He recently accused the bloc of slow-walking negotiations and unfairly targeting US companies with lawsuits and regulations. He threatened a higher 50% tariff on the bloc starting June 1, but delayed it until July 9 after a phone call with Commission President Ursula von der Leyen.
Deccan Herald
an hour ago
- Deccan Herald
Rupee falls 16 paise against US dollar in early trade
The rupee appreciated 16 paise to settle at 85.39 (provisional) against the US dollar on Monday, supported by a weak American currency and on expectations of a further reduction in key interest rate by the Reserve Bank.
