- Saudi Arabia’s Public Investment Fund sports arm, SURJ, has invested $40 million in the T100 Triathlon Tour organizers, aiming to expand the series globally.
- The funding round, backed by Moritz, will help boost the presence and growth of the triathlon series.
US halts green card access for major IT firms amid H-1B abuse claims
The US Department of Labor has suspended major tech companies, including Microsoft, Infosys, and Cognizant, from the green card program due to allegations of H-1B visa abuse. This decision impacts several prominent IT firms such as TCS, Wipro, and Capgemini, potentially affecting their ability to recruit foreign talent. The move underscores increasing scrutiny on visa practices within the tech industry.