Trump Extends Immigration Restriction | MLB Proceeds 2020 Season | Amazon's 2 billion Pledge to Clean Energy

Trump Extends Immigration Restriction | MLB Proceeds 2020 Season | Amazon’s 2 billion Pledge to Clean Energy

Tuesday, June 23, 2020 | 11:45 AM

US

 1. Trump Administration issued an executive order suspending foreign workers from obtaining employment-based visas in the U.S. amid the pandemic to secure jobs for domestic workers (WSJ)

~ The order is set to take effect on June 24 and lasts through the rest of the year. Many tech firms and other businesses condemn this move as many areas in science and technology was built by acquiring the world’s best talent.

~ The new restrictions won’t apply to current visa-holders and make exemptions to workers in the health-care and food supply chain. 

2. Seattle will move to dismantle the “CHOP” zone after shootings over the weekend leaving one killed and two others seriously injured (Fox)

WORLD

1. Saudi Arabia will drastically limit the number of hajj pilgrims from entering the kingdom in order to prevent the spread of coronavirus. Only Saudis and foreign nationals already in the kingdom are allowed to take part (NYT)

~ Every year Saudi Arabia is the destination of millions of Muslims from around the world for their once-in-a-lifetime hajj pilgrimage to its holy cities of Mecca and Medina.

2. U.S. designated four additional Chinese media organizations as “state propaganda outlets” and foreign missions which means they will be treated as diplomatic offices under new restrictions (SCMP)

~ The four outlets are China Central Television; China News Service; People’s Daily, the Chinese Communist Party’s (CCP) official mouthpiece; and Global Times, a tabloid published by People’s Daily

BUSINESS

Wirecard, the German payments company revealed a $2 billion missing from its balance sheet. The company’s former CEO Markus Braun was arrested late Monday on suspicion of presenting false information (Forbes)

Major League Baseball plans to implement up to 60-games season after owners unanimously voted to proceed with the 2020 season under the terms of their agreement with the MLB Players Association from March (CNN)

TECH

Amazon is launching an initial 2 billion venture capital fund focused on the technology investment in renewable energy. This new fund is part of Amazon’s Climate Pledge to reach net-zero carbon by 2040, a decade ahead of the goal set by the Paris Agreement (WSJ)

Apple is switching Mac computers to its own ARM-based processors rather than Intel’s starting this year. This move minimizes the company’s dependence on outside suppliers. ARM-based processors also significantly reduce power consumption. The same chip can also be found in iPhone and iPad (Wired)

~ the announcement was made on Monday during Apple’s annual WWDC where Apple also announced the new iOS 14, iPadOS, macOS, and WatchOS.

“We remain steadfast in our focus on meeting The Climate Pledge—our commitment to reach net zero carbon by 2040, a decade ahead of the Paris Agreement.”
Amazon


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