Stocks rise, gold hits record as rate cuts and shutdown loom

The call to attract and retain talented workers left behind by the Trump administration`s changes to H-1B visa is one that Canadian Prime Minister Mark Carney appears to be paying attention to.

US and global companies rushed to issue emergency guidance this weekend after President Donald Trump signed a proclamation imposing a $100,000 fee on applicants for the H-1B skilled worker visa, a move that left businesses and foreign employees scrambling for clarity.

Bangladesh`s garment exporters are stumbling over an invisible barrier in India that threatens to undercut a rare opportunity in the global trade arena.

China has more domestic brands making more cars than the world’s biggest car market can absorb because the industry is striving to hit production targets influenced by government policy, instead of consumer demand, a Reuters examination has found. That makes turning a profit nearly impossible for almost all automakers here, industry executives say. Chinese electric vehicles start at less than $10,000; in the U.S., automakers offer just a few under $35,000.

India has denounced the tariff hike as “unfair” and “unjustified”. But the shock is already rippling through textile units across the country. The sector contributes about 2.3 percent to India’s gross domestic product (GDP), 13 percent to industrial production, and 12 percent to total exports. It is also the second-largest employer after agriculture, providing direct work to more than 45 million people, many of them women and members of the rural workforce.