The United States on Thursday extended its ban on issuing new green cards and work visas to large groups of applicants to March 31, due to the coronavirus pandemic which has led to continued weakness in the US labour market.
According to a report from Bloomberg, the US President, Donald Trump, signed a proclamation that extends the immigration restrictions that took effect in April 2020 and subsequently renewed in the month of June 2020.
What the United States President is saying
Donald Trump said,
- “The effects of COVID-19 on the United States labour market and on the health of American communities is a matter of ongoing national concern, and the considerations present in the previous proclamations have not been eliminated.’’
What this means
This extension is consistent with Trump’s hard-line stance on immigration and passes on the decision over when and whether to lift bans to the President-elect, Joe Biden, who takes over office on January 20. The restrictions include a freeze on new H-1B and H-4 visas used by technology workers.
The extension to the month of March means the restrictions or ban, will be in place when President-elect Joe Biden takes office on January 20, 2021.
Technology companies and the US Chamber of Commerce, the country’s biggest business lobbying organization, have been very critical of the bans, pointing out that it is damaging to the nation’s economy. The chamber and other trade groups have sued to block the restrictions.
The US unemployment rate in November was 6.7%, down from 14.7% in April at the peak of lockdown and shutdown of businesses due to the coronavirus pandemic, but more than double the 3.5% rate in February. The jobless rate for December is expected to be released on January 8.
What you should know
- In April 2020, President Donald Trump imposed a ban on green cards issued abroad that largely targets family members of people already in the United States. After a surprisingly chilly reception from immigration hawks, the administration went much further in June by adding H-1B visas, which are widely used by American and Indian technology company workers and their families; H-2B visas for non-agricultural seasonal workers; J-1 visas for cultural exchanges; and L-1 visas for managers and other key employees of multinational corporations.
- Trump, while announcing the ban, said the measures would protect American jobs in a pandemic-wracked economy, while business groups said they would hamper a recovery.
Chad’s President Deby dies of injuries suffered on the frontlines, as son takes over
The President had visited the frontlines to share his election victory with the soldiers before the unfortunate incident.
President Idriss Deby of Chad has died of injuries suffered on the frontlines when some terrorists attacked the army. The President had visited the frontlines to share his election victory with the soldiers before the unfortunate incident.
The departure of the newly re-elected President was disclosed by the AFP News Agency on Tuesday through its Twitter handle.
It tweeted, “#UPDATE Chad’s newly re-elected President Idriss Deby Itno, in power for three decades, died Tuesday of injuries while fighting rebels in the north of the Sahel country, the army says.”
Meanwhile, a four-star general who is a son of Chad’s slain president Idriss Deby Itno will replace him at the head of a military council, the army announced Tuesday.
“A military council has been set up headed by his son, General Mahamat Idriss Deby Itno,” the army’s spokesman, General Azem Bermandoa Agouna, said on state radio, shortly after the announcement that the newly re-elected president had died of wounds while fighting rebels in the north of Chad.
Elon Musk loses an estimated $6bn after a Tesla car accident killed two people
Elon Musk’s net worth dipped by $6 billion following a tragic Tesla car accident that killed two people.
The second richest man in the world, Elon Musk, witnessed his wealth shed an estimated $6bn after a Tesla car was involved in an accident that led to the death of two people.
Tesla stocks dropped by 3.8% after the news of the crash went mainstream. The resultant effect on Elon Musk’s wealth was a $5.71bn loss in a single day.
Two men lost their lives on Saturday night in Houston when their 2019 Tesla model car slammed into a tree. Police authorities on sight claimed the car might have been on autopilot due to the sitting position of the corpses.
They also struggled to put out the fire from the Tesla car and even called Tesla for help. The death of the two men has sparked a heated argument between Tesla and its critics. Autopilot or not?
Although police officers’ assertion that the car may have been on autopilot remains unconfirmed, it has raised serious uncertainty about the safety of Tesla’s autopilot feature and Tesla’s critics are not backing down on this.
Elon Musk reacts
Elon Musk has reacted to the news, insisting that the autopilot feature in the crashed vehicle was not enabled. According to him, the Wall Street Journal’s coverage of the accident was not professional.
What you should know
Elon Musk is now worth $183bn following the recent drop. He closed the gap on Amazon’s Jeff Bezos to $4bn early last week. The gap has widened to $14bn today.
Nairametrics | Company Earnings
Access our Live Feed portal for the latest company earnings as they drop.
- VFD Group set to raise additional capital of N9.01 billion through rights issue and private placement.
- GT Bank records a 9% dip in profit to N45.55 billion in Q1 2021.
- Secure Electronic Technology Plc records a 121% surge in Profit after tax in Q1 2021.
- Lafarge Africa Plc notifies stakeholders of 62nd Annual General Meeting.
- GlaxoSmithKline (GSK) announces Annual General Meeting.