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How change in H-1B selection system has been a boon to employees already in the US
US businesses are witnessing significantly higher H-1B visa selection rates, with some reporting over 50% success. This surge follows the Department of Homeland Security's shift from a random lottery to a wage-weighted system, prioritizing higher salary offers. The new rule, effective February 27, 2026, aims to reshape the selection process for skilled foreign workers.
Salaries paid on time as UAE job market remains stable: Ministry
The UAE’s labour market remains “stable”, with business operations continuing uninterrupted despite ongoing regional tensions, the Ministry of Human Resources and Emiratisation (MoHRE) said on Thursday.In a statement, the ministry said data from the Wage Protection System (WPS) shows private sector companies continue to pay salaries on time. MoHRE noted that the WPS, which covers around 99 per cent of private sector workers, has not recorded any “notable change” in compliance rates, even amid th...
Major UK retailer closes all 137 stores after plunging into administration
Major UK retailer closes all 137 stores after plunging into administrationThe Original Factory Shop had 137 stores and employed 1,180 people when it collapsed into administrationCommentsNewsChristopher Mallett10:08, 16 Apr 2026Updated 10:13, 16 Apr 2026View ImageMajor high street brand The Original Factory Shop has closed all its stores(Image: Mike Kemp/In Pictures via Getty Images)A popular discount retailer has vanished from the UK high street following the closure of all its shops and head of...
Noida workers protest: UP govt hikes minimum wages, but can exporters afford it?
Garment exporters in Uttar Pradesh face a dilemma as a recent wage hike for workers clashes with rising input costs and squeezed margins. Ongoing labor unrest in Noida factories is causing concern among global buyers, who are seeking clarity on potential shipment delays and may shift orders to competing nations.
Energy Storage Boom Propels Former Huawei Executive Into Billionaire Ranks
The Middle East conflict, coupled with rising electricity usage due to AI, is boosting demand for energy storage products such as those from China’s Sigenergy Technology. The investor optimism has made founder Xu Yingtong a billionaire with a net worth of $2 billion.
UAE launches Dh100 million fund to boost non-profit sector
The UAE announced the launch of a Dh100 million Non-Profit Organisations Empowerment Fund on Thursday, aimed at transforming community initiatives into measurable, long-term impact.Addressing a press conference, Shamma bint Sohail Al Mazrui, Minister of Community Empowerment, highlighted a shift towards sustainable social development.Vice President and Prime Minister of the UAE, Sheikh Mohammed bin Rashid Al Maktoum, had first announced the fund in October last year while unveiling a ‘Volunteeri...
Ask Gulf News: Can employers reduce salaries and change roles during restructuring in the UAE?
Question: I run a company with several employees. I would like to know whether an employer can downgrade an employee’s position with a salary reduction due to restructuring. Also, what does a standard final settlement include?Answer:An employer may downgrade an employee’s position and reduce their salary only if the employee agrees to the change in writing. Without written consent, such changes are not permissible. Any amendments to the employment contract must be signed by the employee.Article...
Europe’s chemical industry is in free fall — America's could be next
Europe’s chemical industry is quietly unraveling, and Americans should be paying very close attention. What is happening across the Atlantic is not simply a story of industrial decline. It is a warning sign for the United States about what happens when overregulation collides with global competition, especially from China. If Washington does not act, the same pressures now hollowing out Europe’s chemical base could undermine America’s position as a global chemical producer over the next decade....
Bank will not rush into moving rates despite ‘big energy shock’, says Bailey
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Bye-bye, US? Why China’s trade with Africa benefits from Trump’s policy volatility
Africa was China’s fastest growing export market in the first quarter of 2026, up 32.1 per cent year on year to US$60.66 billion, according to customs data, reflecting a continuing shift away from American trade. The growth outpaced other regions of the world, driven by high-value shipments such as machinery and vehicles as well as hi-tech equipment, including solar and battery technology. It continued a trend of Chinese manufacturers turning to the continent to offload excess capacity,...
Trump admin set to launch tariff refund portal. Here's what to know.
MoneyWatch Trump administration set to launch tariff refund portal. Here's what to know. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo April 1...
Drugmakers raised prices on hundreds of drugs despite Trump deals, Senate Democrats report finds
EXCLUSIVEHealth newsHealth newsDrugmakers raised prices on hundreds of drugs despite Trump deals, Senate Democrats report findsThe findings raise questions about whether the administration’s “most favored nation” deals are having a meaningful impact on patients.Listen to this article with a free account00:0000:00President Donald Trump announces the launch of TrumpRx at the White House in February.Nathan Howard / Getty ImagesShareAdd NBC News to GoogleApril 16, 2026, 5:00 AM EDTBy Berkeley Lovela...
EasyJet warns profits will suffer as Iran war hits bookings and fuel prices
Budget airline says passengers are leaving it later to book flights owing to economic uncertaintyBusiness live – latest updatesThe budget airline easyJet has warned the impact of the Iran war on bookings and oil prices will hit its profits, having driven up fuel costs by £25m in the last month alone.It said it expected to report an increased pre-tax loss of £540-£560m for the six months to March, up from £394m in the first half of 2024-25. The carrier typically makes its money in the second half...
Income below exemption limit? These 3 transactions make ITR filing compulsory
Income below exemption limit These transactions make ITR filing compulsory
A1M traffic live: Motorway closed for miles after horror crash as police at scene
NewsUK NewsAccidentsLIVEUpdated 7 mins agoA1M traffic live: Motorway closed for miles after horror crash as police at sceneEmergency services are at the scene of a "serious collision" on the A1M in west Yorkshire which has closed the motorway in both directions between J39 (Barnsdale Bar) and J41A serious accident is causing traffic chaos on the A1MCommentsNewsTim Hanlon News ReporterUpdated 10:01, 16 Apr 2026An HGV has hit a pedestrian in a horror collision on a major UK motorway with...
Equinor Trading Profits to Beat Forecast as War Spurs Volatility
Equinor ASA said first-quarter earnings from its marketing, midstream and processing business will exceed its guidance of about $400 million, with the Middle East conflict driving “significant volatility.”
महिला भागीदारी की चर्चा के बीच Maruti का बड़ा ऐलान, कार फैक्ट्री में भी बढ़ा 'वुमन पावर'
Maruti
TCS गुड न्यूज: अब नहीं जाएगी किसी की नौकरी! कंपनी ने किया छंटनी खत्म करने का एलान, सैलरी में भी होगा बंपर इजाफा
TCS
EasyJet shares drop 9% as it suffers £25m higher fuel bill from Middle East war
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Bullish narrative around India’s economy at odds with struggling rupee
At first glance, the rupee is staging a recovery. India’s battered currency has gained around 1.5 per cent since March 27, making it the best-performing currency in Asia, according to Bloomberg data. However, the recent bounce belies vulnerabilities in India’s economy that have been exacerbated by the energy shock emanating from the war in Iran. India is one of the most exposed among Asia’s leading economies, importing 90 per cent of its oil and more than half its liquefied petroleum gas....