Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
Covid-19 fears are weighing on the financial markets again today, as rising infections put governments under pressure to consider fresh, tougher restrictions to combat the pandemic.
Overnight, the number of infections worldwide has passed 38 million, with cases still rising sharply. In France, president Emmanuel Macron, is expected to make a significant announcement about additional national lockdown measures later today.
Yesterday, the Netherlands government ordered a partial lockdown after seeing cases surge, with PM Mark Rutte warning “That hurts, but it’s the only way.”
Rutte’s plan includes the closure of bars and restaurants, and limit on the size of social gatherings.
We’re also expecting Northern Ireland to announce wide-ranging
The U.S. must do its all ‘to make sure the American worker is put first,’ says Chad Wolf, acting DHS secretary.
Just four weeks before the 2020 election, the Trump administration is again moving to tighten its immigration policies.
On Tuesday, significant changes were announced to the H-1B visa program which enables highly-skilled workers from foreign nations to be employed in the United States.
The restrictionist policies have been framed as a way to protect American jobs amid the coronavirus pandemic. However, for years, tech companies have long fought against changes to the H-1B program it uses to hire skilled engineers from several countries.
“With millions of Americans looking for work, and as the economy continues its recovery,
WASHINGTON — The Trump administration announced significant changes on Tuesday to the H-1B visa program for high-skilled workers, substantially raising the wages that U.S. companies must pay foreign hires and narrowing eligibility criteria for applicants.
Top administration officials framed the changes as a way to protect American jobs during the coronavirus pandemic, even though the Trump administration first committed to overhauling the program in 2017 as part of its efforts to reduce the number of foreign citizens employed in the United States.
“With millions of Americans looking for work, and as the economy continues its recovery, immediate action is needed to guard against the risk lower-cost foreign labor can pose to the well-being of U.S. workers,” Patrick Pizzella, the deputy secretary of labor, told reporters on Tuesday.
The rules will directly affect foreign workers and employers, especially tech companies that have long supported the H-1B program and pushed hard for