IMF urges governments to maintain Covid-19 support, as restrictions tighten – business live | Business

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.”

Caroline de Gruyter
(@CarolineGruyter)

Guess which country is, concerning Covid, the most problematic in Europe right now? pic.twitter.com/sbSGmSNBY8


October 13, 2020

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

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CEOs and Business Owners are Using PressRelease.com to Announce Ecommerce Integration Amid Business Restrictions

Press release content from Newswire. The AP news staff was not involved in its creation.

SARASOTA, Fla. – October 12, 2020 – ( Newswire.com )

CEOs and business owners are turning to low-cost press release distribution with PressRelease.com to announce new ecommerce initiatives to supplement revenue amid the COVID-19 pandemic. The disruption of everyday business has caused a number of organizations to incorporate ecommerce into their existing business model to help earn more business to weather the storm, and PressRelease.com is helping those organizations announce those initiatives on some of the most prominent business networks.

“Finding a way to adapt a business to incorporate ecommerce or online aspects is a challenge that many business owners will need to face if they plan to continue moving forward,” says Erik Rohrmann, COO at PressRelease.com. “It’s enough of a challenge, so when business leaders come up with a plan,

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CEOs and Business Owners are Using PressRelease.com to Announce Ecommerce Integration Amid Business Restrictions – Press Release

A number of businesses are forced to adapt to survive in a post-COVID-19 economy; many are announcing expansions into ecommerce to help supplement revenue to keep their business afloat.


SARASOTA, Fla. – October 12, 2020 – (Newswire.com)

CEOs and business owners are turning to low-cost press release distribution with PressRelease.com to announce new ecommerce initiatives to supplement revenue amid the COVID-19 pandemic. The disruption of everyday business has caused a number of organizations to incorporate ecommerce into their existing business model to help earn more business to weather the storm, and PressRelease.com is helping those organizations announce those initiatives on some of the most prominent business networks.

“Finding a way to adapt a business to incorporate ecommerce or online aspects is a challenge that many business owners will need to face if they plan to continue moving forward,” says Erik Rohrmann, COO at PressRelease.com. “It’s enough of a challenge, so

Read More

UK cities chafe at new restrictions in 3-level lockdown plan

LONDON (AP) — The British government is set to announce new restrictions Monday on business and socializing in major northern England cities with high infection rates. But pubs, restaurants and other businesses are pushing back, arguing that they are not to blame for a resurgent outbreak.



Commuters walk across London Bridge during the morning rush hour towards the offices in the financial district of the City of London in London, Monday, Oct. 12, 2020. In response to the coronavirus' resurgence, British Prime Minister Boris Johnson is expected to announce in Parliament on Monday a three-tier local lockdown system, formally known as "Local COVID Alert Levels," for England, his office said. (AP Photo/Matt Dunham)


© Provided by Associated Press
Commuters walk across London Bridge during the morning rush hour towards the offices in the financial district of the City of London in London, Monday, Oct. 12, 2020. In response to the coronavirus’ resurgence, British Prime Minister Boris Johnson is expected to announce in Parliament on Monday a three-tier local lockdown system, formally known as “Local COVID Alert Levels,” for England, his office said. (AP Photo/Matt Dunham)

Local authorities in hard-hit cities including Liverpool and Manchester are seeking financial support for businesses that are ordered to close, and details of an exit strategy from local lockdowns.

After falling in

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Liberia: Embracing Uncle Sam’s Visa Restrictions for Democracy Underminers

US SECRETARY OF STATE Michael Pompeo in a statement last week declared that there would be serious consequences for anyone engaging in election-related violence.

SAID MR. POMPEO: “We will watch closely the actions of individuals who interfere in the democratic process and will not hesitate to consider consequences – including visa restrictions – for those responsible for election-related violence. As long-time partners to the nations of Africa, we care about the region’s democratic trajectory and are committed to working constructively with international and regional partners.”

THE US SECRETARY OF STATE also noted that the right to peaceful assembly and freedom of expression and association are at the heart of a functioning democracy. “Adherence to these democratic norms and to the rule of law allows all citizens to engage in political dialogue and support their choice of candidates, parties, and platforms.”

THE TIMING of Secretary of State Pompeo’s statement is key.

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Trump administration tightens H-1B visa restrictions for foreign workers

The Trump administration changed its rules for highly skilled foreign workers who want to live and work in the United States as part of the so-called H-1B visa program, the Departments of Labor and Homeland Security announced Tuesday. 



Glenn Grothman, Sean Duffy, Donald Trump posing for the camera: President Donald Trump signs an executive order to try to bring jobs back to American workers and revamp the H-1B visa guest worker program during a visit to the headquarters of tool manufacturer Snap-On on April 18, 2017 in Kenosha, Wisconsin.


© Scott Olson, Getty Images
President Donald Trump signs an executive order to try to bring jobs back to American workers and revamp the H-1B visa guest worker program during a visit to the headquarters of tool manufacturer Snap-On on April 18, 2017 in Kenosha, Wisconsin.

The changes, which the Trump administration has characterized as part of its goal to protect American workers, mean employers will need to commit to higher salaries for those they want to hire and visa applicants will have to have a “specialty occupation” that more narrowly fits their formal qualifications. Visa lengths could also shorten.

“We have entered an era in which economic security is an

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The Trump administration has made further restrictions to its H-1B visa programme that it says will ensure American employees are not ‘replaced’ by overseas workers



Jim Inhofe, Donald Trump are posing for a picture: President Donald Trump (R) speaks on immigration issues while meeting with members of the U.S. Congress in the Cabinet Room of the White House June 20, 2018 in Washington, DC. Also pictured is Sen. James Inhofe Win McNamee/Getty Images


© Win McNamee/Getty Images
President Donald Trump (R) speaks on immigration issues while meeting with members of the U.S. Congress in the Cabinet Room of the White House June 20, 2018 in Washington, DC. Also pictured is Sen. James Inhofe Win McNamee/Getty Images

  • The Trump administration claimed US employees were being “replaced” by overseas workers, as it unveiled tougher H-1B visa restrictions
  • American firms will have to pay higher salaries for workers enrolled in the H-1B programme. The new rules also narrow the list of qualifications that make you eligible for the visa.
  • US firms will have to offer jobs to US citizens before hiring foreign workers, the Department of Homeland Security said.
  • Visit Business Insider’s homepage for more stories.

The US government has announced new restrictions on H-1B visas that it claims will stop the “replacement” of US employees by skilled overseas workers.

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Under a new Department

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Trump further targets tech-friendly work visa programs in latest immigration restrictions

The Trump administration on Tuesday outlined new rules tightening restrictions placed on guest worker visa programs, including the H-1B program favored by tech industry firms.



a man wearing a suit and tie


© Photo by Win McNamee/Getty Images


The rules tighten eligibility around foreign workers, so employers must meet more stringent criteria around the jobs they’re hiring for and how much they’re paying. That may make it harder for companies to receive H-1B visas as part of the annual lottery that awards 60,000 slots to foreign workers, not including renewals. The new rules follow a June order from President Donald Trump suspending a range of guest worker visa programs through the end of the year, with the White House citing domestic job losses during the COVID-19 pandemic as the motivator.

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The tech and IT industries that rely on foreign talent now face more hiring restrictions

The Trump administration says the goal is to ensure companies

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Trump administration announces new restrictions on employment-based visa program

The Trump administration is tightening up an employment-based visa program that allows highly skilled foreign workers to come to the United States, arguing the changes are necessary following shocks to the labor market caused by the coronavirus pandemic.



a sign in front of a building: A flag flies outside the U.S. Department building in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020.


© Erin Scott/Bloomberg/Getty Images
A flag flies outside the U.S. Department building in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020.

The Department of Labor and Department of Homeland Security announced Tuesday that they will release regulations targeting H-1B visas intended for highly skilled workers — an employment-based visa used in part by large tech companies to bring in workers. It’s the second time this year that such visas have taken a hit. Over the summer, President Donald Trump signed a proclamation placing limits on H-1B visas, among others, through the end of the year.

The latest actions by the administration are part of a concerted effort to roll back the

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