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Trump administration to force foreigners in the US to apply for a green card abroad

WASHINGTON (AP) — Foreigners in the U.S. who want a green card will need to leave and apply in their home country, the Trump administration announced Friday, in a surprise change to a longstanding policy that sowed confusion and concern among aid groups, immigration lawyers and immigrants. For over half a century, foreign nationals with legal status have been able to apply for and complete the entire process for permanent residence in the United States — including individuals married to U.S. citizens, holders of work and student visas, and refugees and political asylum seekers, among others. The announcement from U.S.

India’s job engine strains as Iran war hits remittances and trade

KANPUR, India May 22 (Reuters) – The war in the Middle East is squeezing two pillars of Indian employment, forcing Gulf-based workers home and crushing demand for the country’s manufactured exports, from leather goods to glassware. For decades, work in the Middle East and global demand for labour-intensive manufacturing in sectors such as footwear and garments gave a ​generation of Indians stable, and in some cases lucrative, incomes. Now, the foreign conflict has dealt a double blow to the economy, with returning migrant workers stuck in India and unable to find similar ‌pay in their home towns, heightening the risk

India central bank not in favour of rate hikes to defend rupee, prioritises inflation, sources say

A man speaks on his phone as he walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India, February 7, 2025. (Photo: Reuters)

Mumbai, May 22 (Reuters) – India’s central bank does not see interest rate hikes as the best way to ​defend the embattled rupee, three sources said, a position at odds with markets, reinforcing that inflation – not the currency – will ‌guide policy on borrowing costs. The Reserve Bank of India has other levers it has yet to deploy, according to the sources familiar with the RBI’s thinking, which Reuters reported earlier included options such as dollar deposit schemes for non-resident Indians and tax tweaks for debt investors. All options remain on the table and are under consideration in coordination

Gold slips on stronger dollar, Fed rate-hike bets

New Delhi, May 22 (Reuters) – Gold edged lower on Friday, pressured by a stronger ‌U.S. dollar and as elevated oil prices have raised expectations for interest rate hikes by the U.S. Federal Reserve. Spot gold was down 0.3% at $4,527.60 per ounce, as of 0411 GMT. The ​metal has shed about 0.2% so far in the week. U.S. gold futures ​for June delivery lost 0.3% to $4,529.10. The dollar held near a six-week ⁠high, making greenback-priced bullion more expensive for holders of other currencies. “What’s been driving (gold) ​lower has been the stronger dollar, which in turn is being

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