Donald Trump to temporarily suspend immigration to US : Bulletin: Business Today
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Donald Trump to temporarily suspend immigration to US

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April 21, 2020

Coronavirus lockdown 2.0: IT companies to continue work from home for next few weeks

IT companies - like Infosys, Tech Mahindra and others - are expected to let employees continue work from home (WFH) for the next few weeks as many states have decided to impose full lockdown till May 3 without any relaxations. Uttar Pradesh, Delhi and Karnataka have already said that companies will have to keep premises closed during the lockdown. In fact, the Telangana government has extended the lockdown in the state till May 7.

China fumes over India's FDI move to block takeover of companies; calls it WTO violation

The Chinese Embassy in India has criticised India's decision to restrict foreign direct investments from its neighbouring countries by making government approval mandatory. In a statement issued in Delhi on April 20, Ji Rong, spokesperson of the Chinese embassy in India said that the additional barriers set by India for investors from specific countries violate the WTO's principle of non-discrimination, and go against the general trend of liberalisation and facilitation of trade and investment.

Read: Share Market LIVE: Sensex falls 800 points, Nifty at 9,010; Infosys down 4% post Q4 earnings

Coronavirus impact: Donald Trump to temporarily suspend immigration to US

U.S. President Donald Trump said on Monday he will be signing an executive order to temporarily suspend immigration into the United States. "In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our GREAT American Citizens, I will be signing an Executive Order to temporarily suspend immigration into the United States", Trump said in a tweet late on Monday.

Infosys fails to meet FY20 targets, suspends FY21 guidance citing uncertainty

Bengaluru based IT giant Infosys on Monday reported a sequential decline of 1.4% in its fourth quarter revenues, which stood at $3,197 million. The company finished the year ending March 31, 2020, with revenue of $12,780 million which translates a growth of 8.3% on a reported currency term and 9.8% in constant currency. The company in the previous quarter had revised its revenue guidance to 10%-10.5% for FY20.  

WHO warns lifting of coronavirus lockdowns must be gradual

The World Health Organization warned on Tuesday that any lifting of lockdowns to contain the spread of the novel coronavirus must be gradual, and if restrictions were to be relaxed too soon, there would be a resurgence of infections.Lockdown measures have proved effective, and people must be ready for a new way of living to allow society to function while the coronavirus is being kept in check, said Takeshi Kasai, WHO Regional Director for the Western Pacific.

Also Read: US oil prices reach below $0 a barrel; here's what it means

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