H-1B Visa News LIVE: Britain’s Investment Minister Jason Stockwood stated that the UK must attract international talent to aid the Labour government’s growth plans, particularly after the US increased visa fees for foreign workers.

“We’ve got to make sure, particularly in things like the tech community where global talent is an absolute priority, that we continue to make the UK attractive,” news agency Bloomberg quoted Stockwood.

H-1B Visa News LIVE: US President Donald Trump’s decision to increase fees for H-1B visas will only slightly affect the profit margins of Indian IT companies, by about 0.20 per cent, PTI reported, citing Crisil Intelligence.

“The US decision to impose a USD 100,000 fee on new H-1B visas for foreign workers will snip just 10-20 basis points from the operating margins of Indian information technology (IT) services companies next fiscal,” Crisil said.

H-1B Visa News LIVE: India was the biggest recipient of H-1B visas last year, representing 71% of approved beneficiaries, while China was a distant second at 11.7%, according to government data.

H-1B Visa News LIVE: It only pertains to individuals entering the US. The order states that it will prioritise high-skilled employees.

H-1B Visa News LIVE: US lawmakers have asked major companies like Apple, Amazon, and JPMorgan to explain why they are hiring thousands of foreign workers on H-1B visas even as they cut back on other jobs, the Wall Street Journal reported on Wednesday.

H-1B Visa News LIVE: As per the H-1B visa scheme, 65,000 visas are allocated each year to employers hiring temporary foreign workers in specialised fields, with an extra 20,000 visas set aside for workers with advanced qualifications.