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Australia Market moves higher on ECB, US stimulus

Read more about Australia Market moves higher on ECB, US stimulus on Business Standard. Market commenced trading with firm footing, as economic recovery hopes were swelled by U.S. President Joe Biden signing the $1.9 trillion coronavirus relief package into law. U.S. President Joe Biden signed the $1.9 trillion coronavirus relief

Police reform bill facing hurdles to passage in U S Senate

In an update to last week’s Black Press USA op-ed on the George Floyd Justice in Police Act, the federal police reform bill was passed by the U.S. House of Representatives late Wednesday and now goes to the Senate, where it faces stiffer opposition. The bill is the most ambitious effort in decades to overhaul policing nationwide. Moderate Democrats fear it will reignite a debate they say hurt them during last fall’s elections. “No one ran on ‘defund the police,’ but all you have to do is make that a political weapon,” said Rep. Henry Cuellar, a moderate Texas Democrat who has pushed for more police funding.

US Defence Secretary to travel to India along with Japan, S Korea next week

US Defence Secretary Lloyd Austin will visit India next week along with Japan and South Korea, the Pentagon announced on Wednesday, in the first overseas trip of a senior member of the new Biden Administration. This is for the first time that India has been included in the itinerary in the first overseas trip of a US Defence Secretary. Austin will meet with his counterparts and other senior officials to discuss the importance of international defence relationships and reinforce the United States commitment to a free and open Indo-Pacific region founded on respect for international rules, laws, and norms, the Pentagon said.

US aims at helping India develop its own defense industrial base: Pentagon

The Biden administration is looking at deepening its military and technical cooperation with India by not only providing it with arms and equipment, but also helping New Delhi develop its own defense industrial base, a senior Pentagon official told lawmakers here on Wednesday. We are looking to . deepen our military-technical cooperation with India that is based on providing them arms and equipment so we can build interoperable forces and capabilities and work with India developing its own defense industrial base so that India is able to produce equipment to service their needs and to be able to work with us and others around the region, Acting Assistant Secretary of Defense for Indo-Pacific Security Affairs David Helvey told lawmakers.

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