US H-1B debate intensifies as Krishnamoorthi pushes expansion plan
The debate over the H-1B visa programme in the United States has sharpened significantly, exposing a deep political divide over the future of skilled immigration. The issue has grown increasingly contentious in recent months, with former president Donald Trump and several Republican leaders intensifying allegations of fraud and misuse within the system. Their claims have focused heavily on Indian applicants, with some prominent voices asserting that a vast majority of submissions from India a
US H-1B debate intensifies as Krishnamoorthi pushes expansion plan
The debate over the H-1B visa programme in the United States has sharpened significantly, exposing a deep political divide over the future of skilled immigration. The issue has grown increasingly contentious in recent months, with former president Donald Trump and several Republican leaders intensifying allegations of fraud and misuse within the system. Their claims have focused heavily on Indian applicants, with some prominent voices asserting that a vast majority of submissions from India a
Maruti Suzuki achieves highest-ever monthly sales on export and UV surge
Maruti Suzuki India Limited recorded its highest-ever monthly sales performance in November 2025, supported by robust domestic demand and the strongest export tally in the company’s history. The automaker reported total sales of 2,29,021 units for the month, reflecting continued momentum in both passenger vehicles and utility models as the broader auto sector experiences sustained growth. In the domestic market, Maruti Suzuki delivered 1,74,593 units, a sharp rise from 1,44,238 un
Maruti Suzuki achieves highest-ever monthly sales on export and UV surge
Maruti Suzuki India Limited recorded its highest-ever monthly sales performance in November 2025, supported by robust domestic demand and the strongest export tally in the company’s history. The automaker reported total sales of 2,29,021 units for the month, reflecting continued momentum in both passenger vehicles and utility models as the broader auto sector experiences sustained growth. In the domestic market, Maruti Suzuki delivered 1,74,593 units, a sharp rise from 1,44,238 un
Anthony Albanese marries partner Jodie Haydon in private ceremony at the Lodge
Australian Prime Minister Anthony Albanese married his partner, Jodie Haydon, in an intimate ceremony held on Saturday at the Lodge, marking the first time a sitting Australian leader has wed while in office. The event, set against the backdrop of Canberra’s official residence, brought together close family members and a select group of friends following the final parliamentary sitting day for 2025. The couple’s decision to keep the wedding private underscored their desire for a personal
Anthony Albanese marries partner Jodie Haydon in private ceremony at the Lodge
Australian Prime Minister Anthony Albanese married his partner, Jodie Haydon, in an intimate ceremony held on Saturday at the Lodge, marking the first time a sitting Australian leader has wed while in office. The event, set against the backdrop of Canberra’s official residence, brought together close family members and a select group of friends following the final parliamentary sitting day for 2025. The couple’s decision to keep the wedding private underscored their desire for a personal
Airbus software glitch grounds A320 jets worldwide, disrupting peak travel
Thousands of passengers across multiple continents faced significant travel disruptions after Airbus ordered an immediate software update for approximately 6,000 A320-series aircraft. The unexpected directive, one of the largest issued in the manufacturer’s history, resulted in widespread grounding of narrow-body jets during a peak travel period and triggered delays and cancellations across Asia, Europe, the United States, and Australia. Airlines were instructed to complete the corrective a
Airbus software glitch grounds A320 jets worldwide, disrupting peak travel
Thousands of passengers across multiple continents faced significant travel disruptions after Airbus ordered an immediate software update for approximately 6,000 A320-series aircraft. The unexpected directive, one of the largest issued in the manufacturer’s history, resulted in widespread grounding of narrow-body jets during a peak travel period and triggered delays and cancellations across Asia, Europe, the United States, and Australia. Airlines were instructed to complete the corrective a
Apple set to overtake Samsung in 2025 smartphone shipments after 14 years
Apple is on track to ship more smartphones than Samsung in 2025, marking the first time in fourteen years that the U.S. technology company is expected to lead the global smartphone rankings. The projection comes from Counterpoint Research, which reported that Apple could finalize the year with roughly 243 million iPhone shipments, surpassing Samsung’s estimated 235 million units. This shift is significant in a highly competitive smartphone market where leadership has historically alternated
Apple set to overtake Samsung in 2025 smartphone shipments after 14 years
Apple is on track to ship more smartphones than Samsung in 2025, marking the first time in fourteen years that the U.S. technology company is expected to lead the global smartphone rankings. The projection comes from Counterpoint Research, which reported that Apple could finalize the year with roughly 243 million iPhone shipments, surpassing Samsung’s estimated 235 million units. This shift is significant in a highly competitive smartphone market where leadership has historically alternated
Campbell’s fires executive after recording reveals racist remarks and product insults
Campbell’s said Wednesday that it has dismissed a senior executive following the emergence of a recording in which the employee was heard making racist remarks and criticizing the company’s food products. The decision came days after a lawsuit filed in Michigan accused the executive, identified as Martin Bally, of using offensive language and admitting to workplace drug use during a conversation with a former colleague. The lawsuit was filed last week by Robert Garza, a former e
Campbell’s fires executive after recording reveals racist remarks and product insults
Campbell’s said Wednesday that it has dismissed a senior executive following the emergence of a recording in which the employee was heard making racist remarks and criticizing the company’s food products. The decision came days after a lawsuit filed in Michigan accused the executive, identified as Martin Bally, of using offensive language and admitting to workplace drug use during a conversation with a former colleague. The lawsuit was filed last week by Robert Garza, a former e
Cabinet Clears Rs 7,280 Crore Rare Earth Magnet Scheme To Cut China Dependence
India has taken a major step toward reducing its dependence on imported critical technologies by approving a new national programme for manufacturing sintered rare earth permanent magnets. These magnets are essential components used in electric vehicle motors, renewable energy systems, advanced electronics and defence platforms. The Union Cabinet cleared a financial package of Rs 7,280 crore to establish a fully integrated domestic supply chain capable of producing 6,000 metric tonnes per yea
Cabinet Clears Rs 7,280 Crore Rare Earth Magnet Scheme To Cut China Dependence
India has taken a major step toward reducing its dependence on imported critical technologies by approving a new national programme for manufacturing sintered rare earth permanent magnets. These magnets are essential components used in electric vehicle motors, renewable energy systems, advanced electronics and defence platforms. The Union Cabinet cleared a financial package of Rs 7,280 crore to establish a fully integrated domestic supply chain capable of producing 6,000 metric tonnes per yea
New report shows Silicon Valley real estate facing sharp dip in construction
Silicon Valley’s commercial real estate sector is experiencing a period of striking contrasts, according to the latest quarterly analysis from Joint Venture Silicon Valley. The region continues to see both strong demand for leased space and a notable slowdown in new development, creating a complex environment for investors, developers, and employers. Between January and September 2025, developers added approximately 5.6 million square feet of new office and industrial space across
New report shows Silicon Valley real estate facing sharp dip in construction
Silicon Valley’s commercial real estate sector is experiencing a period of striking contrasts, according to the latest quarterly analysis from Joint Venture Silicon Valley. The region continues to see both strong demand for leased space and a notable slowdown in new development, creating a complex environment for investors, developers, and employers. Between January and September 2025, developers added approximately 5.6 million square feet of new office and industrial space across
Elon Musk predicts a future where jobs become voluntary amid rising automation
Elon Musk has suggested that traditional employment may become largely optional within the next decade or two, predicting a dramatic shift in how societies function as artificial intelligence and robotics expand across industries. Speaking at an investment forum in Washington, DC, he said the future of work could resemble a hobby rather than an economic necessity, comparing it to the decision to grow vegetables for personal satisfaction even when they can be purchased easily at a store. Musk
Elon Musk predicts a future where jobs become voluntary amid rising automation
Elon Musk has suggested that traditional employment may become largely optional within the next decade or two, predicting a dramatic shift in how societies function as artificial intelligence and robotics expand across industries. Speaking at an investment forum in Washington, DC, he said the future of work could resemble a hobby rather than an economic necessity, comparing it to the decision to grow vegetables for personal satisfaction even when they can be purchased easily at a store. Musk
Fernando Bale, Australia’s legendary greyhound sprinter, dies leaving historic legacy
Australian greyhound racing is paying tribute to one of its most remarkable athletes following confirmation that champion sprinter Fernando Bale has died. His passing brings an emotional close to a career and legacy that redefined standards within the sport. Known for his extraordinary acceleration, consistency, and competitive dominance, he remains widely regarded as one of the most influential greyhounds ever to race in Australia. Fernando Bale was whelped on 12 March 2013, bred f
Fernando Bale, Australia’s legendary greyhound sprinter, dies leaving historic legacy
Australian greyhound racing is paying tribute to one of its most remarkable athletes following confirmation that champion sprinter Fernando Bale has died. His passing brings an emotional close to a career and legacy that redefined standards within the sport. Known for his extraordinary acceleration, consistency, and competitive dominance, he remains widely regarded as one of the most influential greyhounds ever to race in Australia. Fernando Bale was whelped on 12 March 2013, bred f
Indian Seafood Booms As China Bans Japanese Imports Amid Rising Asia Trade Tensions
India’s seafood industry is witnessing a sharp rise in demand from China after Beijing imposed a complete ban on Japanese seafood imports. The move comes amid escalating geopolitical tensions between China and Japan, triggered by remarks linking the Taiwan conflict to Japan’s national security. As China halted all Japanese seafood imports, Indian seafood exporters experienced a significant surge in interest, marking a major shift in Asian trade patterns. Indian seafood stocks re
Indian Seafood Booms As China Bans Japanese Imports Amid Rising Asia Trade Tensions
India’s seafood industry is witnessing a sharp rise in demand from China after Beijing imposed a complete ban on Japanese seafood imports. The move comes amid escalating geopolitical tensions between China and Japan, triggered by remarks linking the Taiwan conflict to Japan’s national security. As China halted all Japanese seafood imports, Indian seafood exporters experienced a significant surge in interest, marking a major shift in Asian trade patterns. Indian seafood stocks re
Sundar Pichai warns AI boom carries risks as global excitement surges
Google chief executive Sundar Pichai has urged caution as global enthusiasm for artificial intelligence continues to fuel record valuations and intense competition across the technology sector. In an interview, Pichai described the present moment as remarkable for innovation, yet marked by clear signs that investor expectations may be stretching beyond what the industry can sustain. His comments arrive at a time when comparisons to previous periods of market exuberance, particularly the late
Sundar Pichai warns AI boom carries risks as global excitement surges
Google chief executive Sundar Pichai has urged caution as global enthusiasm for artificial intelligence continues to fuel record valuations and intense competition across the technology sector. In an interview, Pichai described the present moment as remarkable for innovation, yet marked by clear signs that investor expectations may be stretching beyond what the industry can sustain. His comments arrive at a time when comparisons to previous periods of market exuberance, particularly the late
Emirates places $38B order for 65 Boeing 777-9 jets at Dubai Airshow
Emirates has placed an order for 65 additional Boeing 777-9 aircraft valued at $38 billion, marking one of the largest commercial agreements announced during the opening day of the Dubai Airshow 2025. The deal increases the airline’s total Boeing orderbook to 315 wide-body aircraft, strengthening its position as the manufacturer’s largest customer for long-range passenger jets. Emirates described the decision as a major commitment to United States aerospace production, saying that future manufacturing work tied to the order will support hundreds of thousands of high-value jobs over the lifespan of the program. The new agreement also expands the airline’s partnership with GE Aerospace, which supplies the GE9X engines that power the Boeing 777-9. With this order, Emirates now has commitments for 540 GE9X engines in addition to its existing fleet powered by GE90 and GP7200 engines. According to GE Aerospace, the continued growth of this partnership demonstrates the airline’s confidence in the long-term reliability and efficiency of the company’s engine portfolio. GE executives stated they are prepared to support Emirates with maintenance and performance solutions as deliveries are completed. Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates Airline and Group, said the new jet order reflects a long-standing strategic relationship with Boeing and GE. He added that the agreement reinforces the airline’s plan to modernize its fleet as passenger demand continues to rise across international markets. Emirates has relied heavily on the Boeing 777 platform for long-haul operations and views the next-generation 777-9 as a key component of its future capacity. However, the announcement comes as Boeing continues to face production and certification delays for the 777X program. The aircraft was originally scheduled to enter service several years earlier, but revised delivery targets now extend into 2027. These setbacks have forced Emirates to invest billions of dollars retrofitting existing aircraft to sustain operations until the new deliveries begin. The carrier has publicly expressed frustration with the delays, urging Boeing to accelerate progress and meet contractual commitments. Industry analysts note that the agreement may add renewed pressure on Boeing’s leadership, including chief executive Kelly Ortberg, who has been tasked with restoring production stability. The company remains under heightened scrutiny as it works through supply chain constraints and regulatory requirements that have affected multiple aircraft programs. For Emirates, the latest order underscores confidence in the long-term viability of the 777-9 but also highlights the operational challenges posed by delays. Despite those uncertainties, the deal reinforces the airline’s view that large, efficient twin-engine jets remain essential for global carriers operating high-density long-haul routes. As international travel continues to recover, Emirates expects the new aircraft to support expanded schedules and improved fuel performance across its network. The company plans to integrate the incoming jets alongside ongoing cabin upgrades and service expansions intended to maintain its competitive position in the long-haul market. The agreement represents one of the most significant commercial announcements of the year for the aviation industry and signals the continued demand for next-generation wide-body aircraft, even as manufacturers face production constraints. Emirates says it will continue working closely with Boeing and GE to ensure that the aircraft and engine programs remain on track as delivery timelines develop over the next several years.
Emirates places $38B order for 65 Boeing 777-9 jets at Dubai Airshow
Emirates has placed an order for 65 additional Boeing 777-9 aircraft valued at $38 billion, marking one of the largest commercial agreements announced during the opening day of the Dubai Airshow 2025. The deal increases the airline’s total Boeing orderbook to 315 wide-body aircraft, strengthening its position as the manufacturer’s largest customer for long-range passenger jets. Emirates described the decision as a major commitment to United States aerospace production, saying that future manufacturing work tied to the order will support hundreds of thousands of high-value jobs over the lifespan of the program. The new agreement also expands the airline’s partnership with GE Aerospace, which supplies the GE9X engines that power the Boeing 777-9. With this order, Emirates now has commitments for 540 GE9X engines in addition to its existing fleet powered by GE90 and GP7200 engines. According to GE Aerospace, the continued growth of this partnership demonstrates the airline’s confidence in the long-term reliability and efficiency of the company’s engine portfolio. GE executives stated they are prepared to support Emirates with maintenance and performance solutions as deliveries are completed. Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates Airline and Group, said the new jet order reflects a long-standing strategic relationship with Boeing and GE. He added that the agreement reinforces the airline’s plan to modernize its fleet as passenger demand continues to rise across international markets. Emirates has relied heavily on the Boeing 777 platform for long-haul operations and views the next-generation 777-9 as a key component of its future capacity. However, the announcement comes as Boeing continues to face production and certification delays for the 777X program. The aircraft was originally scheduled to enter service several years earlier, but revised delivery targets now extend into 2027. These setbacks have forced Emirates to invest billions of dollars retrofitting existing aircraft to sustain operations until the new deliveries begin. The carrier has publicly expressed frustration with the delays, urging Boeing to accelerate progress and meet contractual commitments. Industry analysts note that the agreement may add renewed pressure on Boeing’s leadership, including chief executive Kelly Ortberg, who has been tasked with restoring production stability. The company remains under heightened scrutiny as it works through supply chain constraints and regulatory requirements that have affected multiple aircraft programs. For Emirates, the latest order underscores confidence in the long-term viability of the 777-9 but also highlights the operational challenges posed by delays. Despite those uncertainties, the deal reinforces the airline’s view that large, efficient twin-engine jets remain essential for global carriers operating high-density long-haul routes. As international travel continues to recover, Emirates expects the new aircraft to support expanded schedules and improved fuel performance across its network. The company plans to integrate the incoming jets alongside ongoing cabin upgrades and service expansions intended to maintain its competitive position in the long-haul market. The agreement represents one of the most significant commercial announcements of the year for the aviation industry and signals the continued demand for next-generation wide-body aircraft, even as manufacturers face production constraints. Emirates says it will continue working closely with Boeing and GE to ensure that the aircraft and engine programs remain on track as delivery timelines develop over the next several years.
Buffett finally buys into Google parent Alphabet with multibillion-dollar stake
Warren Buffett has long admitted that one of his biggest investing oversights was failing to buy shares of Google in its early years. Two decades later, that regret has turned into action. Berkshire Hathaway has disclosed a new position in Alphabet Inc valued at approximately 4.3 billion US dollars, marking one of the most notable shifts in the firm’s long-standing investment philosophy. The announcement immediately boosted market sentiment around Alphabet, with shares rising after the fili
Buffett finally buys into Google parent Alphabet with multibillion-dollar stake
Warren Buffett has long admitted that one of his biggest investing oversights was failing to buy shares of Google in its early years. Two decades later, that regret has turned into action. Berkshire Hathaway has disclosed a new position in Alphabet Inc valued at approximately 4.3 billion US dollars, marking one of the most notable shifts in the firm’s long-standing investment philosophy. The announcement immediately boosted market sentiment around Alphabet, with shares rising after the fili
Argentina industrial blast triggers massive fire near Buenos Aires
A powerful explosion struck an industrial zone on the outskirts of Buenos Aires on Friday, sending shockwaves across the city of Ezeiza and triggering a sprawling fire that authorities struggled to contain for hours. Local officials reported that at least 22 people were injured as thick smoke and flames consumed multiple factories in the area, raising concerns about long-term environmental and operational impact on surrounding communities. The incident prompted a major emergency response, wit
Argentina industrial blast triggers massive fire near Buenos Aires
A powerful explosion struck an industrial zone on the outskirts of Buenos Aires on Friday, sending shockwaves across the city of Ezeiza and triggering a sprawling fire that authorities struggled to contain for hours. Local officials reported that at least 22 people were injured as thick smoke and flames consumed multiple factories in the area, raising concerns about long-term environmental and operational impact on surrounding communities. The incident prompted a major emergency response, wit
Trump moves to ease grocery costs with food tariff exemptions
US President Donald Trump has issued an executive order removing import tariffs on a broad selection of food products in an effort to curb rising grocery costs and ease pressure on consumers. The decision marks one of the most significant adjustments to his trade policy since tariffs were introduced as a central feature of his economic agenda. The order comes at a moment when Americans have voiced growing frustration over inflation, particularly food prices, following last we
Trump moves to ease grocery costs with food tariff exemptions
US President Donald Trump has issued an executive order removing import tariffs on a broad selection of food products in an effort to curb rising grocery costs and ease pressure on consumers. The decision marks one of the most significant adjustments to his trade policy since tariffs were introduced as a central feature of his economic agenda. The order comes at a moment when Americans have voiced growing frustration over inflation, particularly food prices, following last we
Modi’s Bihar victory boosts prospects for India–US trade deal on farm concessions
Prime Minister Narendra Modi’s party is positioned to advance crucial trade negotiations with the United States after securing a decisive electoral victory in Bihar, a development that analysts say could provide New Delhi with the political space needed to offer farm-related concessions long sought by Washington. The National Democratic Alliance, led by the Bharatiya Janata Party, appeared headed for an overwhelming win as early trends from the Election Commission showed the coalition leadi
Modi’s Bihar victory boosts prospects for India–US trade deal on farm concessions
Prime Minister Narendra Modi’s party is positioned to advance crucial trade negotiations with the United States after securing a decisive electoral victory in Bihar, a development that analysts say could provide New Delhi with the political space needed to offer farm-related concessions long sought by Washington. The National Democratic Alliance, led by the Bharatiya Janata Party, appeared headed for an overwhelming win as early trends from the Election Commission showed the coalition leadi
Musk disputes claims of new xAI fundraising as AI startup valuations surge globally
Elon Musk pushed back Wednesday against reports that his artificial intelligence company xAI had raised $15 billion in new capital, calling the claim false shortly after sources familiar with the matter indicated the funding round had closed. The initial reports suggested that investors had added $5 billion to an earlier $10 billion round disclosed in September, which placed the company’s valuation at roughly $200 billion. According to individuals close to the fundraising efforts, much of t
Musk disputes claims of new xAI fundraising as AI startup valuations surge globally
Elon Musk pushed back Wednesday against reports that his artificial intelligence company xAI had raised $15 billion in new capital, calling the claim false shortly after sources familiar with the matter indicated the funding round had closed. The initial reports suggested that investors had added $5 billion to an earlier $10 billion round disclosed in September, which placed the company’s valuation at roughly $200 billion. According to individuals close to the fundraising efforts, much of t
Chick-fil-A tests new chicken and waffles sandwich in two U.S. cities
Chick-fil-A is preparing to introduce a new twist to its breakfast and lunch lineup, and only two cities in the United States will have early access. Beginning December 1, select restaurants in San Antonio, Texas, and Baltimore, Maryland, will serve as test markets for the company’s new chicken and waffles sandwich, a menu item that blends sweet and savory flavors and is expected to draw strong interest from customers familiar with the chain’s ongoing menu experiments. The limited-time t
Chick-fil-A tests new chicken and waffles sandwich in two U.S. cities
Chick-fil-A is preparing to introduce a new twist to its breakfast and lunch lineup, and only two cities in the United States will have early access. Beginning December 1, select restaurants in San Antonio, Texas, and Baltimore, Maryland, will serve as test markets for the company’s new chicken and waffles sandwich, a menu item that blends sweet and savory flavors and is expected to draw strong interest from customers familiar with the chain’s ongoing menu experiments. The limited-time t
Trump’s H-1B overhaul aims to boost US skills through temporary foreign expertise
Treasury Secretary Scott Bessent has outlined the administration’s new approach to the H-1B visa programme, describing it as a targeted effort to bring in temporary foreign specialists who will train American workers rather than replace them. His remarks came during a televised interview in which he emphasised that the policy is intended to support the rebuilding of domestic manufacturing, shipbuilding capability, and semiconductor production after years of industrial decline. Bessent said the redesigned system is centred on the idea of “knowledge transfer,” where overseas experts are invited to the United States for a limited period to help restore technical capacity in critical sectors. According to him, the administration views this model as essential to equipping American workers with advanced skills that have diminished as supply chains and production moved abroad. He explained that the visa structure is meant to ensure that expertise flows into the country long enough for domestic workers to learn the required competencies before the foreign specialists return home. Addressing recurring concerns that increased reliance on foreign talent could displace American employees, Bessent maintained that the policy does not threaten domestic job opportunities. Instead, he argued that the United States currently lacks specialized talent in areas that have not been active on American soil for many years. He noted that industries such as shipbuilding and semiconductor fabrication require highly technical knowledge, which is more readily available in countries that have continued to develop those sectors. In his view, bringing in experts to train Americans is necessary for rebuilding industrial strength, not a means of outsourcing jobs. The comments followed President Donald Trump’s recent statements explaining that the country needs temporary foreign experts to accelerate the transfer of technical skills. The president said the United States does not currently have enough workers with the precision training required for advanced manufacturing, adding that it would be unrealistic to expect individuals without experience to instantly take on tasks such as missile production or microchip engineering. Both Trump and Bessent described the policy as a practical step toward reducing long-term dependence on imports by cultivating a stronger domestic workforce. Bessent also discussed broader elements of the administration’s economic agenda, including ongoing talks about a potential USD 2,000 tariff rebate for families earning less than USD 100,000 annually. He said the proposal is part of an effort to ensure that households directly benefit from trade policies designed to strengthen national competitiveness. The rebate, he added, is one component of the administration’s push to align the interests of Wall Street and Main Street, a vision he referred to as “Parallel Prosperity.” Looking ahead, the Treasury secretary predicted that 2026 could become a milestone year for the United States economy if the administration’s policy framework succeeds in restoring industrial capacity and stabilizing financial markets. He emphasized the importance of maintaining a deep and liquid Treasury market, suggesting that economic growth will depend on strong foundations that support both investment and employment. Throughout the interview, Bessent portrayed the H-1B reform as a crucial part of that broader plan, arguing that rebuilding the nation’s industrial base requires a temporary infusion of global expertise to ensure Americans can take full ownership of high-skilled jobs in the future.
Trump’s H-1B overhaul aims to boost US skills through temporary foreign expertise
Treasury Secretary Scott Bessent has outlined the administration’s new approach to the H-1B visa programme, describing it as a targeted effort to bring in temporary foreign specialists who will train American workers rather than replace them. His remarks came during a televised interview in which he emphasised that the policy is intended to support the rebuilding of domestic manufacturing, shipbuilding capability, and semiconductor production after years of industrial decline. Bessent said the redesigned system is centred on the idea of “knowledge transfer,” where overseas experts are invited to the United States for a limited period to help restore technical capacity in critical sectors. According to him, the administration views this model as essential to equipping American workers with advanced skills that have diminished as supply chains and production moved abroad. He explained that the visa structure is meant to ensure that expertise flows into the country long enough for domestic workers to learn the required competencies before the foreign specialists return home. Addressing recurring concerns that increased reliance on foreign talent could displace American employees, Bessent maintained that the policy does not threaten domestic job opportunities. Instead, he argued that the United States currently lacks specialized talent in areas that have not been active on American soil for many years. He noted that industries such as shipbuilding and semiconductor fabrication require highly technical knowledge, which is more readily available in countries that have continued to develop those sectors. In his view, bringing in experts to train Americans is necessary for rebuilding industrial strength, not a means of outsourcing jobs. The comments followed President Donald Trump’s recent statements explaining that the country needs temporary foreign experts to accelerate the transfer of technical skills. The president said the United States does not currently have enough workers with the precision training required for advanced manufacturing, adding that it would be unrealistic to expect individuals without experience to instantly take on tasks such as missile production or microchip engineering. Both Trump and Bessent described the policy as a practical step toward reducing long-term dependence on imports by cultivating a stronger domestic workforce. Bessent also discussed broader elements of the administration’s economic agenda, including ongoing talks about a potential USD 2,000 tariff rebate for families earning less than USD 100,000 annually. He said the proposal is part of an effort to ensure that households directly benefit from trade policies designed to strengthen national competitiveness. The rebate, he added, is one component of the administration’s push to align the interests of Wall Street and Main Street, a vision he referred to as “Parallel Prosperity.” Looking ahead, the Treasury secretary predicted that 2026 could become a milestone year for the United States economy if the administration’s policy framework succeeds in restoring industrial capacity and stabilizing financial markets. He emphasized the importance of maintaining a deep and liquid Treasury market, suggesting that economic growth will depend on strong foundations that support both investment and employment. Throughout the interview, Bessent portrayed the H-1B reform as a crucial part of that broader plan, arguing that rebuilding the nation’s industrial base requires a temporary infusion of global expertise to ensure Americans can take full ownership of high-skilled jobs in the future.









