People march at the 'rally for the right to learn' in New York City on April 17. Getty Images via AFP
People march at the 'rally for the right to learn' in New York City on April 17. Getty Images via AFP
People march at the 'rally for the right to learn' in New York City on April 17. Getty Images via AFP
People march at the 'rally for the right to learn' in New York City on April 17. Getty Images via AFP

Trump administration to restore foreign students' legal status


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President Donald Trump's administration said on Friday that it is restoring the visa registrations of potentially thousands of foreign students in the US whose legal status had recently been abruptly terminated.

The decision was announced during a court hearing before a federal judge in Boston, Massachusetts, who was hearing a challenge by one of many international students suing over the administration's actions. Those students' status had been revoked as a result of their records being terminated from a database of the roughly 1.1 million foreign student visa holders, putting them at risk of deportation.

Many students said their institutions had blocked their ability to continue taking classes or conducting research, sometimes weeks before graduation. Since Mr Trump took office in late January, records for more than 4,700 students have been removed from the US Immigration and Customs Enforcement-maintained database known as Student and Exchange Visitor Information Systems (Sevis), according to the American Immigration Lawyers Association.

The database monitors compliance with visa terms and records foreign students' addresses, progress towards graduation and other information. To remain in the database, student visa holders have to obey conditions like limits on employment and avoiding illegal activity.

Universities have reported some students being forced to leave immediately after discovering their visas had been cancelled in the Sevis, or via unexpected text or email. The federal government told congressional committees earlier this month that it had terminated more than 4,700 immigration status records for foreign students, according to Nafsa, the association of international educators. But erasing those records is different to revoking visas.

The terminations of student records sparked more than 100 lawsuits, with judges in more than 50 of the cases across at least 23 states ordering the Trump administration to temporarily undo the actions. The Trump administration's visa revocations took particular aim at those who have previous charges or who participated in political activism, such as on-campus pro-Palestine protests.

In late March, the US State Department said it had revoked at least 300 visas, many to foreign students, as it cracks down on people who participated in protests against the war in Gaza. It is unclear how this new decision will affect students who are currently in ICE custody.

Russia's Muslim Heartlands

Dominic Rubin, Oxford

How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

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Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

UAE currency: the story behind the money in your pockets
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