Donald Trump’s administration has been sued by dozens of institutions, reports Gizmodo. The administration has now backed off its plan to deny entry to international students. The plan would also require those currently here to leave the country. That is if institutions switch to online-only instruction during the coronavirus pandemic. Immigration and Customs Enforcement officially reversed the July 6 policy.
The novel coronavirus COVID-19 pandemic has forced many universities to shift to online-only courses. CNN reports the Department of Immigration and Customs Enforcement has responded swiftly. ICE announced Monday that international students will have to leave the country or risk deportation if their universities only deliver education online. Thousands of foreign students come to the US to attend universities and training programs, as well as non-academic or vocational studies.
From the gap between India's active and discharged cases increasing to almost 10 lakh, to another member of Narendra Modi's cabinet testing positive for infection - here are the top news updates on the Covid-19 pandemic. Shripad Yesso Naik is the fifth Union minister to test positive. Home minister Amit Shah was the first member of the Union cabinet to be infected. Naik who is the Minister of State (Independent Charge) of Ministry of Ayurved, Yoga, Naturopathy, Unani, Siddha & Homoeopathy (AYUSH), and Minister of State in the Ministry of Defence, is in home isolation. In Maharashtra, over 11,300 police personnel have so far been infected. While the death toll among Maharashtra cops has crossed 120, over 9,100 have recovered, and there are 2,000-plus active cases. In West Bengal, the state government withdrew the order regarding complete lockdown on August 28. However, lockdown orders remain in operation for August 20, 21, 27 and 31. India's total case tally has crossed 23.29 lakh, while the death toll has crossed 46,000. Over 16.39 lakh patients have been discharged so far. In international news, the discovery of a new case after 102 days in New Zealand has led the Prime Minister, Jacinda Ardern, to say that postponement of the upcoming general elections is a possibility. Meanwhile, the Russian government said that the first batch of its Covid vaccine is likely to be released within two weeks. Russia has become the first country to declare a vaccine ready for use. Watch the full video for more updates regarding the spread of the Sars-CoV-2 coronavirus.
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Hyderabad police personnel reported back to duty after recovering from coronavirus. At least 216 police personnel have come back on duty. They have received guard of honor. Police Commissioner Anjani Kumar also came to encourage the officials.
U.S. Representative Ilhan Omar held off a well-funded challenger Tuesday and won the Democratic primary in her congressional district, putting her on track for re-election in November along with other members of the "Squad" of four liberal freshmen. Gloria Tso reports.
IBM is building a cloud for Financial Services. BNP Paribas will come on board as the anchor client for the services. IBM is in discussions with Japan's Mitsubishi UFJ Financial Group (MUFG) to explore how it can adopt the IBM Cloud for Financial Services. Business Insider report that this marks a milestone in the modernization of the global financial industry. IBM Cloud for Financial Services is the world's first product of its kind.
Brooks Brothers announced that Authentic Brands Group and SPARC Group LLC were the winning bidders for the suiting company. Business Insider reports that Brooks Brothers filed for Chapter 11 bankruptcy last month. ABG and SPARC increased its initial offer of $305 million to $325 million. They agreed to keep at least 125 retail locations operating. The group have previously worked together to purchase distressed retailers like Aeropostale and Juicy Couture.
On Wednesday, Tesla stock rallied as much as 7% in early trading. According to Business Insider the boost comes after the company revealed a five-for-one stock split scheduled for August 28. Every Tesla shareholder will receive four additional shares that, when added to their existing share, will equal the stock's pre-split value. The split itself won't change Tesla's market cap. However, it may pull in smaller investors who couldn't previously afford shares.
Italy's richest family is the Ferraro family. They founded confectionery giant Ferrero Group. The company is run by Giovanni Ferrero. Under his guidance the value of assets acquired through his CTH holding company increase by 40% last year. Business Insider reports this was partly due to CTH's $300 million purchase of Danish cookie business Kelsen Group last year.
Business Insider reports that Facebook's ad revenue will continue to increase this year. The growth will come despite the growing number of brands pulling ad campaigns amid the coronavirus pandemic. Net US digital ad revenues at Facebook will increase by 4.9% this year to $31.43 billion. Brands pulled ad spend from Facebook for the month of July in support of the NAACP campaign #StopHateForProfit. The campaign only asks brands to pause Facebook ad spending.