Global Glance: Trump order would target high-skill workers; 5 things to know about Tax Day

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Here are today’s top business headlines from across the nation and world:

Trump order would target high skilled worker program

WASHINGTON (AP) — President Donald Trump is planning to sign an executive order that seeks to make changes to a visa program that brings in high-skilled workers. Trump is heading Tuesday to Kenosha, Wisconsin, where he plans to sign an order dubbed “Buy American, Hire American,” said administration officials who spoke on the condition of anonymity despite the president’s frequent criticism of the use of anonymous sources. The officials said the order, which Trump will sign at the headquarters of tool manufacturer Snap-on Inc., would direct the departments of Homeland Security, Justice, Labor and State to propose new rules to prevent immigration fraud and abuse. Those departments would also be asked to offer changes so that H-1B visas are awarded to the “most-skilled or highest-paid applicants.” Read more

5 things to know about Tax Day: Refunds are up, audits down

WASHINGTON (AP) — Tuesday is Tax Day, that dreaded day when millions of procrastinators rush to fulfill their civic duty by filing state and federal tax returns. But for most, it’s not that bad. Sure, the forms are complicated and yes, there is math. But tax season also generates about $300 billion in refunds, a significant boost to the U.S. economy. Read more

China’s economy gains steam; 1Q growth fastest since 2015

HONG KONG (AP) — China’s economic recovery is gaining traction, with growth rising to its fastest pace in over a year in January-March. The 6.9 percent annual pace of expansion for the world’s second-largest economy, reported Monday, surpassed economists’ forecasts and was an improvement from a 6.8 percent pace of growth in the last quarter of 2016. Growth last was that strong in July-September of 2015. Read more

US housing starts fell in March; still stronger than in 2016

WASHINGTON (AP) — U.S. builders broke ground on fewer homes in March, but the pace of construction so far this year remains stronger than in 2016. Housing starts fell 6.8 percent last month to a seasonally adjusted annual rate of 1.22 million, the Commerce Department said Tuesday. The setback came after strong gains in a warmer-than-usual February. Groundbreakings on new homes are still 8.1 percent higher through the first three months of this year compared with 2016. Read more

Influence game: Telecom lobbying muscle kills privacy rules

NEW YORK (AP) — The telecom industry’s lobbying muscle pushed a consumer privacy measure to a swift death in Congress. Republicans struck down Obama-era rules that would have imposed tight restrictions on what broadband companies such as Verizon, AT&T and Comcast could do with their customers’ personal data. Digital-rights and consumer-advocacy groups such as the Electronic Frontier Foundation supported keeping the rules. But they were outmatched by telecom trade groups and lobbyists. Read more

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