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In a period of ninety days, the world and business of commerce have been shocked by its foundations. Executives from all industries are faced with uncertainties that could not have been anticipated at the start of 2020. Causing senior leaders to scrap plans, accelerate plans, or seek alternative plans to help them chart a new course in troubled waters.
This period has allowed for trends to begin to emerge. Trends that will impact decision-making and buying for at least the next five years. And, affect how businesses and people work as well as participate in commerce.
What can we expect in the future of business in a post COVID-19 world?
Working From Home Is Here To Stay
Many non-consumer facing organizations are finding that large-scale “work from home” can work. Discovering new scales of economies and little impact on productivity. In fact, organizations are finding increases in productivity. What remains
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The banking industry faces a watershed moment, with banks re-evaluating strategies and accelerating plans to digitally transform
Marqeta, the global modern card issuing platform, today released a report that examines how banks intend to change their strategies in response to the COVID-19 pandemic. According to the findings, COVID-19 has had a significant impact on almost all (96%) European banks, with over three-quarters (78%) planning to change their future banking strategy to adapt to changes in consumer behaviour, such as the accelerated adoption of digital banking services and cashless payments.
The study of 200 banking executives found that, as a result of growing demand for digital services, 80% of banks have accelerated their plans to digitally transform. Banks also predicted that digital transformation projects will need to be delivered in two-thirds (69%) of the time, with 89% saying that the COVID-19 pandemic has drastically increased the speed of change in banking
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Six major medical groups are calling on the Department of Homeland Security to exclude foreign national physicians from a proposed change in immigration policy.
The American Hospital Association, American Medical Association, Association of American Medical Colleges, National Resident Matching Program, Accreditation Council for Graduate Medical Education, and Foundation for Advancement of International Medical Education and Research on Oct. 9 sent a joint letter to Acting Secretary of Homeland Security Chad Wolf requesting that J-1 physicians—those participating in graduate medical education programs or training at schools of medicine in the U.S.—be excluded from a proposed rule that would limit how long foreign nationals can remain in the country.
Under the proposed rule, foreign nationals who are non-immigrant academic students or exchange visitors would only be allowed to stay in the U.S. for a fixed time. Currently, people who fall under those categories can remain in the country for what is known
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- For Hispanic Heritage month, Business Insider partnered with We Are All Human, a nonprofit championing diversity, equity, and inclusion, and the US Hispanic Chamber of Commerce to identify 10 Latinx business leaders driving change within their communities.
- From entrepreneurs making personal finance more accessible to Spanish speakers, to nonprofit founders helping young Latinx women achieve career success, these 10 leaders are working for change.
- Visit Business Insider’s homepage for more stories.
For Hispanic Heritage Month, Business Insider wanted to spotlight Latinx business leaders driving change not only through their work, but within their communities.
The Black Lives matter protests and the ongoing pandemic have led to louder and more effective calls for racial and ethnic equality in the US. The demand for action has spilled into the business world, where leaders across industries are starting to push for change and actionable reform.
To help us find Latinx leaders whose impact
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This article is part of The Bond Buyer’s multi-platform, four-part series on the Future of Cities, each segment focusing on a different aspect of how life in and the finances of America’s cities could be altered in the wake of the coronavirus pandemic.
We explore how cities of all sizes are being impacted by outmigration, and where the greatest long-term risks lie; the hard realities and intangibles of the so-called gathering economy – conventions, conferences, theater, sports and arts; how many businesses are at an inflection point with urban office space; and problems that lie ahead and how resilience has taken on a new meaning.
For each, we dig in on the problems and discuss potential solutions with a written story and a companion podcast. Additionally, the series features a video discussion spanning all four topics. To see all of our Future of Cities content, please click here.
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The administration of President Donald Trump on Tuesday moved to impose major new limits on use of the controversial H-1B visa, intended for jobs requiring specialized skills and widely used by Silicon Valley technology firms.
The new rules are expected to reduce the pool of skilled labor and raise costs for tech companies and other employers. Critics say that could force companies to move some operations outside the U.S.
The push to limit foreign workers comes one month before the election and as the nation still reels from the coronavirus pandemic. Employment levels are 10.7 million jobs down from February, before the virus hit and many businesses were closed.
Department of Homeland Security acting deputy secretary Ken Cuccinelli said a third of applicants would be denied under the new rules.
The changes are expected to have a significant effect on the tech industry in the Bay Area, where federal government