With the US Presidential elections less than a month away, the Trump administration has further tightened H-1B rules that would make it tougher for Indian techies to get jobs in American companies. The new rules change the definitions of specialty occupation, limit the validity of an H-1B visa to one year for a worker placed at a third-party worksite, and tightens enforcement and investigations.

Though these measures will have no major impact on Indian IT services companies, which have changed their business models to hire locally, American tech companies may be forced to reduce hiring from foreign countries, including India and China, by about 30 per cent.

The new rule will narrow the definition of “specialty occupation” as the US Congress is of the view that companies were gaming the system. H-1B visas are used by US companies to bring highly skilled workers from India as they find it difficult

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The unprecedented outage that scrapped trading on the Tokyo Stock Exchange for the entire day on Thursday (Oct 1) is the last thing local authorities need at a time when Japan is seeking to reinvent the capital as a global financial hub.

As China clamps down further on Hong Kong, some in Japan have seen the opportunity to realize a long-held vision of making the Japanese capital more attractive to international financial firms and lure highly paid professionals.

 

Yet Tokyo’s image as an international hub has suffered major setbacks after it came under global criticism over the treatment of former Nissan CEO Carlos Ghosn while under arrest as well as its ban on almost all foreigners entering the country, including those with valid work visas, during the height of the coronavirus pandemic. Thursday’s exchange outage isn’t winning points among foreign executives.

It won’t help at all in their global financial

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As we are nearing Boeing’s (NYSE:BA) Q3 result earnings call in October, we are also expecting Boeing to announce or outline consolidation plans for the Boeing 787. The announcement seems to be a formality as Boeing faces lower costs in North Charleston for the Dreamliner production, and demand for wide body aircraft has dwindled, and the company has been looking for ways to make its business less prone to work disruptions from the strong unions in the Seattle area.

In this analysis, we will look at why this is a major blow to the Everett assembly site.

Boeing moves Boeing 787 production Everett Washington to North Charleston South Carolina

Source: Australian Aviation

Note from Author: As we were preparing this report for subscribers, The Wall Street Journal reported that Boeing will set plans this week to consolidate production in South Carolina.

Wide body in Washington state to tumble

Moving the Boeing 787 from Washington would be a blow for the Everett facility.

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  • A federal judge on Sunday ruled in favor of TikTok, blocking the Trump administration’s temporary download ban set to take place tonight at 11:59 p.m.
  • TikTok has been a target of the Trump administration since July, and last month, the president signed a pair of executive orders against the app and its Chinese owner, ByteDance, leading to the download ban.
  • The president said last week that a deal between ByteDance and US-based Oracle and Walmart had his “blessing,” but the deal has been muddled due to conflicting statements from the involved companies.
  • Visit Business Insider’s homepage for more stories.

A federal judge on Sunday ruled against the Trump administration in granting TikTok an injunction against a temporary download ban that was set to take place tonight at 11:59 p.m. 

The specifics of the order remained sealed by the judge and will be reviewed on Monday to determine if they will

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Update, Sept. 21, 2020: On Monday a Delaware court granted Tiffany & Co.’s motion to fast-track their lawsuit against LVMH. The court set a trial date of January 5, 2021.

“We appreciate the Court’s ruling today to expedite the process,” Tiffany chairman Roger Farah said in a statement. “Despite LVMH’s ongoing efforts to avoid paying the agreed-upon price for Tiffany, a trial on January 5, 2021 will hopefully lead to a ruling prior to the expiration of U.S. antitrust clearance on February 3, 2021 and enable us to protect our company and our shareholders.” LVMH, meanwhile, said in a statement that it “takes note of the decision by the Delaware Court of Chancery, which stated that the trial should begin in January 2021

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The Nuggets didn’t need a quiet bus ride back to their hotel or even a good night’s sleep to know the implications of Monday night’s loss to the Clippers.

The Nuggets should’ve won Game 3, and they knew it almost immediately.

“We missed a huge opportunity tonight,” said Jamal Murray, who kicked himself over his 12 missed shots, including seven in the second half. “I think that’s why it’s worse because it was nothing they did. They didn’t do anything to take us out of our game. We just missed shots, turned the ball over, couple defensive lapses and that was the game. We were up the whole game, had them on their heels. Like I said, it was self-inflicted. Those are the tough ones to go back to the hotel with.”

The Nuggets were up 97-90 with 8:29 left in the fourth quarter. From there, Denver’s offense froze like

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One of the UK’s biggest employers is planning to close nearly 100 offices permanently in a crushing blow to the Prime Minister’s campaign to get Britain back to work.

The Mail on Sunday can reveal that Capita – the giant Government contractor that collects the BBC licence fee, runs the London congestion charge and provides other key public services – is preparing to shutter more than a third of its 250 offices across Britain.

The huge raft of closures will make Capita the first major British firm to pull out of city and town centres as an increasing number of companies look at a permanent shift to flexible working arrangements after staff worked successfully from home during lockdown.

Under its plans, many of Capita’s 45,000 UK staff will continue to work from home – as most have done since March – and will only attend a smaller number of regional

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The athletes weren’t the only ones affected when Washington State University’s fall football season was canceled by the coronavirus pandemic. Merchants in tiny Pullman, Washington, who depend on big football crowds say they are losing a major chunk of their annual income.

Pullman, the most remote outpost in the Pac-12, has only 34,000 residents. Many businesses in town depend on visitors attracted by football games, graduation and other special events.

The pandemic has led to the cancellation of many of those events, including seven home football games that annually provide a lifeline to hotels, restaurants and other retailers.

Of Pullman’s 34,000 residents, about 20,000 are Washington State students and many of the rest are faculty and staff. Without the college, Pullman would be another small farm town amid the rolling hills of the fertile wheat country known as the Palouse.

“We expect to be down 50 to 60% in annual

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The cancellation of the fall season promises to wallop businesses that count on those fall weekends for survival, and the economic impact is likely to measure in the tens of millions in many of the towns across the sprawling conference.

“We’re like a lot of businesses: We rely on the back-to-school and football season to really be our big moneymaking months,” said Michael Weber, vice president of Weber’s Boutique Hotel in Ann Arbor, Mich.

For decades now, the downtown hotel has been packed on fall weekends. Fans from all over pour into town to fill the country’s largest stadium and also fill one of the area’s most storied hotels. For many, the pregame brunch and postgame dinners at Weber’s are staples.

This week’s news that the Big Ten would not be playing football this fall wasn’t just a gut punch; it struck businesses and industries that already had been walloped

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