China hits out at US after report of new visa restrictions

BEIJING (AP) — China on Thursday accused critics in the U.S. government of “an escalation of political suppression” against Beijing following a report of new visa restrictions on members of China’s ruling Communist Party and their immediate family members.

Foreign ministry spokesperson Hua Chunying said China would “make representations” to the U.S. following the report Thursday in the New York Times that such people would be limited to one-month, single-entry visas.

Hua called Washington’s approach “totally inconsistent with the U.S.’s own interests,” and said it would damage America’s global image.

“I think it is obvious to all that this is an escalation of political suppression by some extreme anti-China forces in the U.S. out of strong ideological prejudice and deep-rooted Cold War mentality against China,” Hua said at a daily briefing.

The Times report could not immediately be confirmed, but follows earlier hints that Washington was planning such a move,

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UK finally extends visa for NHS doctor who was critically ill with Covid

a man standing in front of a mountain: Dr Basem Enany, a consultant cardiologist, was placed on a ventilator after developing Guillain-Barré syndrome, a rare complication of Covid-19.

© Photograph: GoFundMe/PA
Dr Basem Enany, a consultant cardiologist, was placed on a ventilator after developing Guillain-Barré syndrome, a rare complication of Covid-19.

An Egyptian NHS doctor who feared he might be removed from the UK because he was too sick to work after becoming critically ill from Covid-19 complications is celebrating after his visa was finally extended by the Home Office.

Dr Basem Enany, a locum consultant cardiologist at York teaching hospital, had treated many coronavirus patients. He was placed on a ventilator after developing Guillain-Barré syndrome, a rare complication of Covid-19 and other viruses, which left him partially paralysed. Enany believes that there is only one other recorded Covid-related case like his in the UK.

The stress of being critically ill was compounded by fears that the Home Office would not renew his work visa because of his illness, leaving the family at risk of removal, or of

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Do Visa and Mastercard Need a Coronavirus Vaccine to Win in 2021?

Visa (NYSE:V) and Mastercard (NYSE:MA) have held up better than most other financial sector stocks in 2020, and this certainly makes sense as the companies make money from consumer spending, regardless of whether sales come in-store or through e-commerce. In fact, the trend toward e-commerce during the pandemic has been somewhat of a tailwind, as online sales are all cashless. 

But what about in the post-pandemic world? In this Nov. 25 Fool Live video clip, contributors Matt Frankel, CFP, and Brian Feroldi take a look at whether Visa and Mastercard are so-called “reopening” stocks, or if they don’t need a vaccine to thrive.

Matthew Frankel: Looking at a couple of questions, Laura’s comment says, “What about MasterCard, Visa, etc?” That’s a very good question because, well Brian has given me a big thumps up right now, they’re excellent companies. I wouldn’t necessarily we call them reopening stocks because they

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China Blasts Trump’s ‘Political Repression’ Over U.S. Visa Restrictions

Beijing hit out at new “anti-China” Trump administration measures on Thursday, describing the State Department’s new visa restrictions targeting over 90 million Chinese Communist Party members as “political repression.”

a tall building: File photo: A Chinese flag flies outside the now shuttered Chinese consulate in Houston, Texas.

© Mark Felix/AFP via Getty Images
File photo: A Chinese flag flies outside the now shuttered Chinese consulate in Houston, Texas.

The new regulations—effective immediately starting Wednesday—limit the length of U.S. visitor visas granted to registered Communist Party members and their immediate families to a single entry lasting just 30 days, according to the New York Times.

Denial of the usual 10-year, multiple-entry visitor visas could affect some 270 million Chinese citizens with ties to their country’s ruling party, including those less politically inclined who join in order to further business interests in the mainland.

Biden’s Promises On First Day In Office: What You Need To Know



At a regular press briefing Thursday, Chinese foreign

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U.S. Tightens Visa Rules for Chinese Communist Party Members

The Trump administration on Wednesday issued new rules to curtail travel to the United States by members of the Chinese Communist Party and their immediate families, a move certain to further exacerbate tensions between the two countries.

The new policy, which took immediate effect, limits the maximum validity of travel visas for party members and their families to one month and a single entry, according to two people familiar with the matter. A State Department spokesman said in an emailed statement it was reducing the validity of visas for party members from 10 years to one month.

Previously, party members, like other Chinese citizens, could obtain visitor visas for the United States of up to 10 years in duration. The new measures do not affect party members’ eligibility for other kinds of visas, such as immigration, one of the people added.

In principle, the policy change could affect the travel

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Visa Partners With Ethereum Digital-Dollar Startup That Raised $271 Million

Credit card giant Visa today announced it is connecting its global payments network of 60 million merchants to the U.S. Dollar Coin (USDC) developed by Circle Internet Financial on the ethereum blockchain. The digital currency is now valued at $2.9 billion.

While Visa itself won’t custody the digital currency, effective immediately, the partnership will see Circle working with Visa to help select Visa credit card issuers start integrating the USDC software into their platforms and send and receive USDC payments. Circle itself is also going through the same Fast Track program. In turn, businesses will eventually be able to send international USDC payments to any business supported by

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Opinion | Visa Is Doing What Big American Companies Do to ‘Protect This Business’

Visa dominates the lucrative business of processing debit card transactions. Merchants must choose between paying the financial services company’s fees or foregoing sales to the millions of Americans who carry cards emblazoned with Visa’s logo.

A San Francisco technology start-up named Plaid threatened that dominance. The company planned to debut a rival service next year that would charge half as much as Visa.

So Visa did what big American companies have learned to do: It agreed to buy the smaller company, pledging a king’s ransom to eliminate the threat of competition.

Last month, the Justice Department sued to block the deal as a violation of antitrust law. The intervention is necessary to protect the interests of merchants and consumers, and the health of the broader economy. The federal government has been far too permissive in allowing large companies to swallow potential rivals, particularly in the rapidly evolving technology sector.


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US court scraps Trump’s tough H-1B visa rules

Lubna Kably & Shilpa Phadnis | TNN

Mumbai/Bengaluru: A US district court has set aside the two recently introduced rules that stifled hiring of H-1B workers, by significantly hiking wages and restricting eligibility norms. The ruling is important from the point of view of Indians already in the US, whose H-1B applications would come up for renewal and also those aspiring to take up employment in the US.

These rules were promulgated on a fast-track basis and introduced as interim final rules in early October, without the normal procedure of inviting public comments and vetting the same — a process that can take several months.

Judge Jeffrey S White of the US district court (Northern District of California), in his order dated December 1, held that the Trump administration had failed to show there was good cause to dispense with the rational and thoughtful discourse that is provided by the

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Federal judge halts Trump’s H-1B visa rules



Tasos Katopodis/Getty Images

A federal judge on Tuesday struck down two Trump administration rules issued in October meant to restrict H-1B visas for highly skilled foreign workers. In a 23-page order, US District Judge Jeffrey White said the administration failed to show “good cause” for issuing the rules on an emergency basis, bypassing a customary comment period.

The technology industry relies heavily on H-1B visas. About three-quarters of 85,000 allotted H-1B visas each year go to people who work in tech. 

The Trump administration had argued that the rules, which fall under the Departments of Labor and Homeland Security, needed to be issued quickly because of unemployment spurred by the coronavirus pandemic. The Labor Department rule, which went into effect in October, raised the minimum salaries employers

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Visa Backs First Credit Card to Offer Bitcoin Rewards

It’s about to get a lot easier to earn bitcoin thanks to a first-of-its-kind credit card: the Bitcoin Rewards Credit Card. While there are debit cards by Coinbase and Fold that offer bitcoin rewards, this is the first credit card that rewards you with the cryptocurrency, instead of points or miles.

Visa and cryptocurrency financial tech company BlockFi have partnered to release the Bitcoin Rewards Credit Card to U.S. residents in all states except for New York (due to regulatory restrictions) in spring 2021. The card will be issued by Evolve Bank & Trust, and Deserve will be a technology and program management partner for the card.

Cardholders will earn 1.5% cash back on all purchases that will automatically be converted to bitcoin and placed into a BlockFi account every month. Since bitcoin earned from card transactions is deposited into a BlockFi account, it’s regarded as standard crypto funding, and

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