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Trump senate trade

Biden admin ‘undecided’ on ending Trump-era H-1B visa ban

The Biden administration has indicated that it is still undecided on ending the Trump-era ban on issuing new H-1B visas, with the Homeland Security Secretary Alejandro Mayorkas asserting that the US government's top priority is the acute needs of individuals fleeing persecution. Illustration: Uttam Ghosh/ Rediff.com The H-1B visa, the most sought after among Indian IT professionals, is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. In January, then-President Donald Trump had extended the ban on issuing new H-1B visas till March 31, arguing that the country is having a very high unemployment rate and the US cannot afford to have more foreign workers. "His successor President Joe Biden has revoked dozens of the executive orders of Trump ... » Learn More about Biden admin ‘undecided’ on ending Trump-era H-1B visa ban

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Exports dip marginally in Feb; trade deficit widens

After recording positive growth for two months in a row, India's exports dipped marginally by 0.25 per cent to $27.67 billion in February and trade deficit widened to $12.88 billion, according to preliminary data released by the government on Tuesday. Imports grew 6.98 per cent to $40.55 billion during the month, the data showed. The trade deficit stood at $10.16 billion in February 2020. Exports during April-February 2020-21 were $255.92 billion, compared with $291.87 billion during the same period of last year, exhibiting a negative growth of 12.32 per cent. Imports during April-February this fiscal also dipped 23 per cent to $340.88 billion. In February, oil imports declined 16.63 per cent to $$8.99 billion. It was down by 40.18 per cent to $72.08 billion during 11 months period of the current fiscal. Major commodities of export that have recorded positive growth during February include oil meals, iron ore, rice, meat, dairy and poultry products, carpet, ... » Learn More about Exports dip marginally in Feb; trade deficit widens

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Hainan to launch global search for executives

Hainan Free Trade Port will recruit top experts from around the world to promote construction in the island province, officials announced at a news conference held in Haikou, Hainan, on Monday. The first round of recruitment involves three positions, including chiefs or legal representatives of the tourism promotion bureau of Sanya city, the development bureau of the bonded port area in the Yangpu Economic Development Zone and a logistics company under the State-owned China Hainan Rubber Industry Group. Zhang Yingduan, deputy head of the organization department of the Hainan Provincial Party Committee, said both domestic and overseas candidates can apply for the positions. Hainan is in urgent need of international experts with global vision and advanced management experience, Zhang said, adding that global talent recruitment will drive the Hainan Free Trade Port project forward. Last year, China released a master plan for the port, aiming to build the whole of Hainan Island — ... » Learn More about Hainan to launch global search for executives

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Mobile sector senses big growth opportunities in China

Sun Juanjuan, a white-collar worker in Shanghai, had been using an iPhone X for more than three years before buying an iPhone 12 immediately after Apple Inc unveiled its first smartphones with 5G connectivity in October. "I have been waiting for Apple's 5G smartphone for a long time. When the iPhone 12 was unveiled, I decided to buy one immediately. I love the green color so much," Sun said. Consumers like Sun are pushing sales of Apple to new highs in China. The United States tech giant raked in its highest ever revenue in China in the fourth quarter, driven by the popularity of its iPhone 12 series. Apple said its China revenue came in at $21.31 billion in the three months ended Dec 26, up 57 percent from a year earlier. Apple CEO Tim Cook attributed the strong performance to "more than an iPhone story", adding that its other products also contributed a lot, but he also highlighted that the iPhone 12 was crucial in fueling phone upgrades. "China had a record number of ... » Learn More about Mobile sector senses big growth opportunities in China

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Taarak Mehta Ka Ooltah Chashmah: Will Sunderlal save Jethaalal’s sinking boat?

Mumbai : The upcoming episode of Taarak Mehta Ka Ooltah Chashmah will see Sunderlal , who usually is a pain in the neck for his brother-in-law, has turned out to become Jethaalal ’s trump card. As viewers are aware, with each passing day Jethaalal’s troubles seem to be compounding. At present, he is faced with the biggest challenge of his life. A situation that will not only mean Jethaalal having to sell his Gada Electronics but also he may be forced to leave Gokuldhaam Society permanently to relocate back to his village in Kutch. His father Champakklal offers to save the Gada Electronics by selling their ancestral land back home. However, an eerie incidence involving Jethaalal's grandfather making an appearance and disclosing to him a secret about the land, makes him change his mind about selling it. Untitled Carousel Taarak Mehta Ka Ooltah Chashmah actress Sunayana Fozdar: Don't want to mimic anyone; will add my own flavour to Anjali Mehta Sunayana ... » Learn More about Taarak Mehta Ka Ooltah Chashmah: Will Sunderlal save Jethaalal’s sinking boat?

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Self-driving startup Aeva hires Waymo, Apple veteran to oversee supply chain

By Stephen Nellis Self-driving sensor startup Aeva Inc, founded by two Apple Inc alumni, has hired another former Apple executive to oversee manufacturing and supply chain operations ahead of an expected deal to become a public company later this month. Aeva, founded by former Apple engineers Soroush Salehian and Mina Rezk, makes a lidar sensor that helps cars gain a three-dimensional view of the road and detect how quickly distant objects are moving. The company said Tuesday it hired Tim Willis as vice president of global supply chain, manufacturing and strategy. Willis most recently oversaw manufacturing and supply chain operations at Waymo , Alphabet Inc's autonomous driving unit. Willis also worked at Apple and Motorola after a starting his career at Ford Motor Co. Willis said part of his job will be to develop supplier relationships well before Aeva launches production, drawing on his experience at Apple securing factory equipment. Aeva has deals to develop ... » Learn More about Self-driving startup Aeva hires Waymo, Apple veteran to oversee supply chain

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Chinese, U.S. local legislators vow to enhance cooperation

Video Player Close BEIJING, March 2 (Xinhua) -- Chinese and U.S. local legislators vowed closer exchanges and cooperation at the Virtual Conference of the 5th China-U.S. Subnational Legislatures Cooperation Forum on Tuesday. It was co-hosted by the Chinese People's Association for Friendship with Foreign Countries (CPAFFC) and the State Legislative Leaders Foundation (SLLF) of the United States. The forum was the first institutional activity of exchanges and cooperation between China and the United States to have resumed after the new U.S. administration took office. Addressing this forum, Lin Songtian, president of the CPAFFC, said the people and local governments of the two countries expressed mutual support in the face of COVID-19. They overcame the difficulties together, and the trade cooperation between the two countries grew despite the challenges. He said that the most confusion regarding China-U.S. relations resides in "understanding problems," and the fundamental ... » Learn More about Chinese, U.S. local legislators vow to enhance cooperation

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Chip shortages are here to stay, for some

NEW YORK: Some companies will need to get used to the global chip drought. Pandemic-led demand swings and trade wars have left factories short of microprocessors. The semiconductor industry's coming splurge on new capacity will benefit smartphone manufacturers and data centers more than automakers. Shortfalls are widespread. The $340 billion Nvidia hasn't been able to meet demand for graphics chips it designs for about half a year. Sony warned there may be shortages of games consoles this Christmas. Carmakers are facing a particularly severe squeeze because they canceled orders during the pandemic. General Motors says the chip shortage may slash its earnings by up to $2 billion this year, while Ford Motor estimates a hit to its bottom line worth as much as $2.5 billion. Chip shortages usually spawn subsequent gluts as manufacturers rush to meet demand, and investment is underway. Taiwan Semiconductor Manufacturing, the biggest chip contract manufacturer, plans to increase ... » Learn More about Chip shortages are here to stay, for some

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“Patriots governing Hong Kong” principle conducive to Hong Kong’s prosperity, stability: business sector

Video Player Close HONG KONG, March 2 (Xinhua) -- Hong Kong's business sector has said the principle of "patriots governing Hong Kong" is conducive to Hong Kong's long-term prosperity and stability, as well as people's well-being, and called for prompt efforts to improve electoral systems to guarantee the implementation of the principle. Only after the principle is upheld, can "one country, two systems" be comprehensively and accurately implemented and will anti-China disruptors be prevented from damaging Hong Kong's governance and stability in the long run, the Chinese General Chamber of Commerce said in a statement. The Real Estate Developers Association of Hong Kong said the "patriots governing Hong Kong" principle will help the society gather consensus, enable the Hong Kong Special Administrative Region (HKSAR) government to improve the economy and people's livelihood, and give full play to Hong Kong's advantages in finance and trade. "No country in the world is ... » Learn More about “Patriots governing Hong Kong” principle conducive to Hong Kong’s prosperity, stability: business sector

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