Latest news with #emigration
South China Morning Post
2 days ago
- Business
- South China Morning Post
Why are fewer wealthy Chinese likely to emigrate this year?
The number of wealthy mainland Chinese choosing to emigrate is projected to drop to a 10-year low this year thanks to the country's improved business environment and its growing appeal to tech entrepreneurs, according to a report by a London-based advisory firm. Henley & Partners' annual wealth migration report also said that Hong Kong is starting to see steady inflows of millionaire migrants from the rest of Asia, with an anticipated net inflow of 800 this year, including many executives from fast-growing hi-tech companies in neighbouring Shenzhen. A record 142,000 high-net-worth individuals – people with more than US$1 million in investible wealth – are expected to relocate internationally this year, according to the report, which was released on Tuesday. It said the net outflow of mainland Chinese millionaires would drop to 7,800 – down from 15,200 last year and 13,800 in 2023 – ending the country's decade-long run as the world's leading source of wantaway wealthy. The United Kingdom is set to have the largest net outflow of any country, losing 16,500 millionaires this year, the report said. Other European countries such as France, Spain and Germany are likely to be other major sources of outflow, it added. The rise of Chinese tech hubs such as Shenzhen and Hangzhou, alongside rapid growth in the private banking, healthcare and entertainment industries, is giving mainland millionaires new reasons to stay, Henley & Partners said. An emigration consultant and a wealthy Chinese mother said another major reason for the expected reduction in the outflow of mainland millionaires – likely to be the lowest since the Covid-19 pandemic according to the Henley & Partners report – was the growing uncertainty facing Chinese students studying abroad.
Yahoo
3 days ago
- Entertainment
- Yahoo
Shaunagh Connaire, Former Communications Director for George and Amal Clooney's Justice Foundation, Sets Directorial Debut ‘Brown Bread' (EXCLUSIVE)
Shaunagh Connaire, the two-time Emmy-nominated Irish journalist who has produced documentaries for the likes of the BBC and PBS Frontline and also served as communication director for George and Amal Clooney's Foundation for Justice, has made her directorial debut. 'Brown Bread,' which is set to have its world premiere at the upcoming Galway Film Fleadh, is a short film that marks Connaire's first foray into narrative drama, turning her storytelling lens toward emigration and family tension in modern Ireland. More from Variety CNN's Live 'Good Night, and Good Luck' Telecast Spurs Special Coverage CNN to Exclusively Air George Clooney's Record-Breaking Broadway Hit 'Good Night, and Good Luck' Live for Free Joe Biden Didn't Recognize Old Friend George Clooney at 2024 Fundraiser: Report The film — described by Connaire as a 'modern twist on the Irish emigration story' — is led by Emmy-winning actress Fionnula Flanagan ('Lost,' 'The Hunger Games: The Ballad of Songbirds & Snakes'), Katie McGrath ('Merlin,' 'Supergirl') and Dermot Crowley ('Luther: The Fallen Sun,' 'The Death of Stalin'). Inspired by Connaire's own experience of being unable to return to Ireland from the U.S. for her godmother's funeral, 'Brown Bead' follows Áine (McGrath), a woman whose return to Ireland from New York to attend her godmother's memorial mass stirs up old tensions, grief, and unspoken affection in her rural family home. Flanagan stars as Betty, a proud but emotionally restrained mother struggling with her daughter's return, while Crowley plays Áine's father Seamus. 'I was very lucky to have spent the last three years working with George and Amal Clooney as Director of Communications at their foundation. I think being in their presence and learning a little bit about the world of Hollywood, gave me the confidence to enter this world,' said Connaire. 'Brown Bread was my first time stepping onto a drama set. For the past decade I've documented the opioid epidemic in the US, the Ebola outbreak in West Africa and the migrant crisis in the Middle East — environments where the stakes were very real. This film was a different kind of intensity, but just as meaningful in its own way.' Producer Julie Ryan ('The Young Offenders') of MK1 Studios came aboard the film after reading the script. 'Shaunagh and I have known each other since college, so this felt like a natural fit. I was immediately struck by the script. It was sharp, funny, and full of emotional truth. She's a hugely talented writer and director with a strong sense of tone and storytelling,' said Ryan. 'With the market shifting, short film is a valuable space to develop voice and vision. It gives new filmmakers the freedom to take creative risks and tell distinctive stories on their own terms.' 'Brown Bread' was filmed in Connaire's hometown of Longford, with support from Creative Ireland's Longford branch and local community. The film was written and directed by Connaire, produced by Ryan for MK1 Studios, with Sam and Amelia Dennigan and Anne Heraty as associate producers. Best of Variety New Movies Out Now in Theaters: What to See This Week 'Harry Potter' TV Show Cast Guide: Who's Who in Hogwarts? 25 Hollywood Legends Who Deserve an Honorary Oscar
South China Morning Post
7 days ago
- General
- South China Morning Post
Old, alone and barely getting by: the plight of Hong Kong's most underprivileged seniors
Auntie Ha left her village in mainland China and moved to Hong Kong to join her son and his family. But not long after, they emigrated and left her alone in the city. To support herself, she got a job as a cleaner and she rents a subdivided flat in Sham Shui Po, Hong Kong's poorest neighbourhood. Although in her 70s, Auntie Ha is unable to retire, because Hong Kong's basic old age allowance and social assistance are not enough for her to live on. Her story is one example of the lack of support and services for elderly people in the city, who live alone and must continue to work just to get by. Advertisement
LBCI
7 days ago
- Business
- LBCI
No jobs, no future: Lebanon's youth work multiple jobs—or leave
Report by Mirna Daou, English adaptation by Karine Keuchkerian Young people in Lebanon are struggling to find work, with many left with no choice but to emigrate or remain unemployed. Official figures indicate that the unemployment rate in Lebanon exceeded 35% in 2023 and 2024, with youth unemployment—among those aged 15 to 24—comprising a significant portion of that figure. But why is age 15 included in unemployment statistics? According to the International Labour Organization, anyone between the ages of 15 and 24 who is neither in school, working, nor receiving vocational training is considered unemployed—and therefore counted in the unemployment rate. An increase in this category often signals deeper social and economic crises, such as a weak labor market, a failing education system, or broader social instability. UNICEF reports that one-third of Lebanese youth have dropped out of university, and 31% of those who left school are neither working nor training. Among those who do find work, 40% are forced to hold two or three jobs just to make ends meet, according to the UNDP. For many, emigration has become the only option. According to Information International, approximately 640,000 Lebanese emigrated between 2016 and 2024—70% of whom were university graduates. These are the skilled professionals Lebanon invested in—those meant to build the country's future. So far, there are no signs of improvement from authorities, especially as the government continues to delay the reforms required by the International Monetary Fund (IMF). These reforms are considered essential for attracting investment, creating jobs, and providing young people with a reason to stay.
Arab News
20-06-2025
- Business
- Arab News
Italy grapples with mass exodus and foreign influx amid economic fears
ROME: The number of Italians leaving their country and foreigners moving in has soared to the highest in a decade, official data showed on Friday, fueling national concerns about brain drain, economic decline, and immigration. Italy has a right-wing government elected in 2022 on a mandate to curb migrant arrivals, but also has a shrinking population and growing labor shortages, highlighting the need to attract foreign workers. Meanwhile, the country's stagnant economy and low wages — salaries are below 1990 levels in inflation-adjusted terms — have been blamed for pushing many Italians to seek better fortunes abroad. Ukrainians made up the biggest national group among those who arrived in 2023-2024, followed by Albanians, Bangladeshis, Moroccans, Romanians, Egyptians, Pakistanis, Argentines, and Tunisians. Last year, 382,071 foreigners moved to Italy, up from 378,372 in 2023 and the highest since 2014, the statistics agency Istat said. In the same period, 155,732 Italians emigrated, up from 114,057 in 2023 and also the highest since 2014. The immigration figure beat the previous high for the last decade of 301,000 in 2017, and was well above that period's low of 191,766 from 2020 — the height of the COVID pandemic. The figure of almost 270,000 nationals emigrating in the two-year period from 2023 to 2024 was up around 40 percent compared to the previous two years. The two-year immigration figure for that period, around 760,000, was up 31 percent from 2021-2022. The figures are derived from town registry offices, so are unlikely to reflect undocumented migration. Ukrainians made up the biggest national group among those who arrived in 2023-2024, Istat said, followed by Albanians, Bangladeshis, Moroccans, Romanians, Egyptians, Pakistanis, Argentines, and Tunisians. As for the high number of emigrants, 'it is more than plausible' that a significant number were 'former immigrants' who moved abroad after acquiring Italian citizenship, Istat said. The agency also said Italy's poorer south was continuing to depopulate, noting that almost 1 percent of residents in Calabria, the region with the lowest per capita income, moved to central or northern areas during 2023-2024.
