Due to the coronavirus pandemic, more people are working remotely than ever before. However, working remotely while living through various stages of stay-at-home orders has caused many to reconsider their living arrangements, sometimes leading to an exit from big-city living to a new location in search of more space, better weather or greater access to nature.… Read More
SYDNEY (Reuters) – An Australian politician at the centre of a corruption probe told an inquiry on Wednesday that he had received envelopes full of thousands of dollars in cash at his parliament office as part of a scheme for Chinese nationals to fraudulently acquire visas.
Daryl Maguire, who quit the New South Wales (NSW) state parliament in 2018, agreed with the NSW Independent Commission Against Corruption that the scheme, where Chinese nationals paid large sums for a business in NSW to pretend they were employed there, was a scam.
Maguire and his business associate, Maggie Wang, received up to A$20,000 ($14,000) for each business they recruited to the scheme. He agreed it was a breach of public trust.
Wang had told the inquiry on Tuesday that she had shared profits from the scheme with Maguire, and also admitted lying to investigators.
Maguire accepted another allegation heard by the inquiry
Prepared by Tara, senior analyst at BAD BEAT Investing
We did some big buying in Visa (NYSE:V) in March and April, and we went so far as to tell our members that this was an absolute gift under $150. When shares hit $200, we recommended pocketing some trading gains. Make no mistake, shares are attractive if they fall back under $200. We think there is more room to run here, but let the market hit the stock. Right now it has been biding time. Make no mistake, the stalling of the global economy due to COVID-19 shutdowns have caused obvious volume declines for Visa and related companies. It is simply a fact. We will closely be watching Q4 numbers when they are reported in a few weeks. The most recent earnings show us some key metrics were mixed, but these are the metrics you should be watching when Q4 is
Wipro CFO says impact of new H-1B visa rules to be less on company as its localisation in the US is 71.9%
As business momentum accelerates in Q2, Bengaluru-based IT major Wipro is looking at better growth prospects in the coming quarters.
The company projected a revenue guidance and expects a 1.5-3.5 percent quarter-on-quarter growth for Q3FY21 at $2.02-2.06 billion , reflective of its confidence in coming quarters.
The company also has a robust hiring strategy in place, for both laterals and freshers, to keep up with the growing demand across geographies and newer technologies such as cloud, where the demand is.
For the quarter ending September 2020, revenue grew 3.7 percent quarter-on-quarter to $1.99 billion.
Two new H-1B visa rules were announced, and one of them, H-1B wage hike, is already in effect. Could you tell us how much of an impact it would have for
International healthcare workers should have their visas automatically renewed for free to ensure they can help tackle the UK’s second wave of coronavirus, the British Medical Association (BMA) has said.
Between the end of March and October 1, health and care staff with expiring visas had them automatically renewed for 12 months free-of-charge, allowing them to stay and work in the country.
Now, the BMA, the Royal College of Nursing (RCN) and Unison have written to Home Secretary Priti Patel asking for the system to be extended “as a matter of urgency”.
The joint letter said: “It is clear we are now entering a second wave of the Covid-19 pandemic.
“With daily cases reaching record highs we need to do as much as possible to retain the skills and experience of our talented overseas colleagues as we have an incredibly tough few months
With the new H-1B visa requirements linking a degree in a specific field and job description, I doubt whether Sundar Pichai head of Alphabet/Google, whose degrees are in metallurgical engineering and materials science, would have gotten an H-1B to work in the information-technology sector (“U.S. Imposes New Curbs on H-1B Visas,” U.S. News, Oct. 7).
If you are going to hire someone on a H-1B visa, it makes sense to recruit the best possible and most-skilled person who brings in knowledge and skills in multiple disciplines. The concept that an applicant must have a degree in a specific field in which she or he is looking for work is outdated. The new changes don’t account for the highly interdisciplinary and convergent nature of the complex, real problems
Visa (NYSE:V) stock has quickly remade the ground it lost due to the novel-coronavirus pandemic. Shares of the multinational financial-services firm are now up almost 9% in 2020, despite the shares falling to as low as $133.93 per share in March. Bulls who bought Visa stock at that point are now laughing their way to the bank.
Considering the stock is still trading at a discount to its 52-week high of $217.35, many are wondering if the shares can climb further.
Visa Is Still Facing Adversity
Covid-19 is still very much a reality. This crisis is not expected to end until early next year. And Visa’s transaction volumes will probably not recover to pre-pandemic levels for awhile.
So the fact that the shares are now trading north
In yet another policy stance change on H-1B visa within six months, the US administration on October 6 said it was announcing an “interim final rule” which will “strengthen” the non-immigrant work visa programme. The new rules will be effective 60 days from their publication in the Federal Register, which is the official journal of the US government, much like the Gazette of India.
What is an interim final rule?
Executive policies announced by agencies such as the Department of Homeland Security (DHS) or the US Citizenship and Immigration Services (USCIS) require them to consult stakeholders and give them a notice period of 60 days and seek comments before any sweeping changes are brought in. This method allows agencies such as DHS to act with urgency and within a specified time after a new rule or law is made.
In the latest announcement on
The Zacks Analyst Blog Highlights: Visa, Walmart, Abbott Laboratories, UnitedHealth Group and Oracle
For Immediate Release
Chicago, IL – October 13, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Visa Inc. (V), Walmart Inc. WMT, Abbott Laboratories ABT, UnitedHealth Group Incorporated UNH and Oracle Corporation ORCL.
Here are highlights from Monday’s Analyst Blog:
Top Research Reports for Visa, Walmart and Abbott
The Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Visa, Walmart and Abbott Laboratories. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Visa shares have modestly outperformed the Zacks Financial Transaction Services industry in the year-to-date
The number of applications for the UK’s Tech Nation visa rose to its highest level on record last month as the thriving sector shrugged off the impact of coronavirus.
Applications for the visa, which grants employees and founders in the tech sector the right to work in the UK for up to five years, hit a record-breaking 122 in September.
Read more: UK biotech secures record £1bn investment in third quarter
Across the third quarter numbers were up 42 per cent on the previous three months and eight per cent compared to the same period last year.
“The data flies in the face of claims that remote working and Covid-19 will deter people coming to the UK to work,” said Stephen Kelly, chair of Tech Nation.
“Quite the contrary. In an environment where talented entrepreneurs are facing potential obstacles in moving to the US, the UK is a natural home.”