Latest news with #globaltalent
South China Morning Post
23-05-2025
- Business
- South China Morning Post
Can Hong Kong's Cathay compete against rivals dishing out hefty bonuses?
Hong Kong flag carrier Cathay Pacific Airways may find itself in a weaker position in the race for global talent, an analyst has said, after two of the airline's major rivals dished out heftier bonuses for at least two straight years. Singapore Airlines (SIA) offered employees a profit-sharing bonus equivalent to 7.45 months' pay after reporting a record net profit of S$2.78 billion (US$2.15 billion) for 2024-25, surpassing analysts' expectations. The amount is slightly lower than the 7.94 months' bonus it dished out last year, despite a 3.9 per cent increase in SIA's net profit. Dubai-based airline Emirates' employees are also in line for a windfall after its group announced last week a record-breaking pre-tax profit of US$6.2 billion for the 2024-25 financial year, with staff set to receive a 22-week bonus payout. Emirates, the most profitable airline in the world over the reporting period, has committed big bonuses to its ever-growing workforce for three years running. It awarded a 20-week bonus to employees in 2024 and a 24-week one in 2023. By comparison, Cathay Group's net profit rose 1 per cent year on year to HK$9.9 billion (US$1.28 billion) in 2024, up from HK$9.78 billion in 2023, which was the first time it recorded a profit in four years. The company had accumulated a string of large deficits totalling HK$34 billion over three years when the Covid-19 pandemic crippled the travel industry.
Globe and Mail
22-05-2025
- Business
- Globe and Mail
China's Fujian Province Launches Global Innovation and Entrepreneurship Competition to Attract Overseas Talent for New Development Opportunities
Xiamen, China--(Newsfile Corp. - May 22, 2025) - Fujian Province, China, officially launched the 2025 Global Innovation and Entrepreneurship Competition on May 10, organized by the Fujian Global Innovation and Entrepreneurship Competition Organizing Committee. The high-level initiative aims to attract cutting-edge innovation and entrepreneurial projects from around the world. By offering a favorable policy environment, an expansive development platform, and comprehensive support services, the competition seeks to empower global talent to launch ventures in Fujian and accelerate the deep integration of scientific, technological, and industrial innovation. China's Fujian Province Launches Global Innovation and Entrepreneurship Competition to Attract Overseas Talent for New Development Opportunities To view an enhanced version of this graphic, please visit: This year's competition centers on three key sectors: the digital economy, biotechnology, and advanced manufacturing. It is designed to attract professionals with international vision and strong academic or professional backgrounds, particularly those who have earned a master's degree or higher abroad or who have more than two years of innovation and entrepreneurial experience overseas. Projects submitted must demonstrate technological advancement, independent intellectual property rights, and strong commercialization prospects. In general, applicants must be under 55 years of age. The registration period runs from May 10 to July 10, with online applications accepted through the official competition website: Preliminary written reviews will be conducted online in July, and the final roadshow and defense will be held in Xiamen, Fujian Province, in early September, in conjunction with the China International Fair for Investment and Trade (CIFIT). Therefore, in addition to participating in the competition, candidates will also have the opportunity to engage in industrial site visits and investment matchmaking sessions. The competition offers a total prize pool of nearly RMB 3 million. First prize winners will receive RMB 150,000, second prize winners RMB 100,000, third prize winners RMB 50,000, and merit award recipients RMB 20,000. In addition to financial incentives, the organizing committee will provide tailored policy support for award-winning talents. Qualified recipients of the first, second, and third prizes may be directly recognized as provincial high-level talents through a fast-track process and may receive up to RMB 1 million in settlement subsidies and be eligible for inclusion in the Fujian "Hundred Talents Plan" for entrepreneurship, with support of up to RMB 2 million. Moreover, cities across Fujian Province will offer landing and implementation support for top-ranking projects. Beyond prize awards and policy support, the organizing committee is committed to ensuring that talent projects are successfully implemented in Fujian. To this end, it will collaborate with leading institutions and enterprises to provide full-spectrum assistance for project financing, implementation, and commercialization. Fujian has long been recognized as a key region for overseas Chinese and a pioneer in China's reform and opening-up. Xiamen, in particular, is celebrated as one of "China's Top 10 Cities for Returnee Entrepreneurs" and one of the "Most Attractive Chinese Cities in the Eyes of Foreign Talent." With strong infrastructure and robust support systems, Xiamen and Fujian are well-positioned to provide comprehensive services and assistance to returning professionals. The organizing committee warmly welcomes overseas Chinese students, scholars, and technology entrepreneurs to apply and take part in this competition, and to seize the opportunity to contribute to — and benefit from — China's next stage of high-quality development.
Yahoo
22-05-2025
- Business
- Yahoo
China's Fujian Province Launches Global Innovation and Entrepreneurship Competition to Attract Overseas Talent for New Development Opportunities
Xiamen, China--(Newsfile Corp. - May 22, 2025) - Fujian Province, China, officially launched the 2025 Global Innovation and Entrepreneurship Competition on May 10, organized by the Fujian Global Innovation and Entrepreneurship Competition Organizing Committee. The high-level initiative aims to attract cutting-edge innovation and entrepreneurial projects from around the world. By offering a favorable policy environment, an expansive development platform, and comprehensive support services, the competition seeks to empower global talent to launch ventures in Fujian and accelerate the deep integration of scientific, technological, and industrial innovation. China's Fujian Province Launches Global Innovation and Entrepreneurship Competition to Attract Overseas Talent for New Development Opportunities To view an enhanced version of this graphic, please visit: This year's competition centers on three key sectors: the digital economy, biotechnology, and advanced manufacturing. It is designed to attract professionals with international vision and strong academic or professional backgrounds, particularly those who have earned a master's degree or higher abroad or who have more than two years of innovation and entrepreneurial experience overseas. Projects submitted must demonstrate technological advancement, independent intellectual property rights, and strong commercialization prospects. In general, applicants must be under 55 years of age. The registration period runs from May 10 to July 10, with online applications accepted through the official competition website: Preliminary written reviews will be conducted online in July, and the final roadshow and defense will be held in Xiamen, Fujian Province, in early September, in conjunction with the China International Fair for Investment and Trade (CIFIT). Therefore, in addition to participating in the competition, candidates will also have the opportunity to engage in industrial site visits and investment matchmaking sessions. The competition offers a total prize pool of nearly RMB 3 million. First prize winners will receive RMB 150,000, second prize winners RMB 100,000, third prize winners RMB 50,000, and merit award recipients RMB 20,000. In addition to financial incentives, the organizing committee will provide tailored policy support for award-winning talents. Qualified recipients of the first, second, and third prizes may be directly recognized as provincial high-level talents through a fast-track process and may receive up to RMB 1 million in settlement subsidies and be eligible for inclusion in the Fujian "Hundred Talents Plan" for entrepreneurship, with support of up to RMB 2 million. Moreover, cities across Fujian Province will offer landing and implementation support for top-ranking projects. Beyond prize awards and policy support, the organizing committee is committed to ensuring that talent projects are successfully implemented in Fujian. To this end, it will collaborate with leading institutions and enterprises to provide full-spectrum assistance for project financing, implementation, and commercialization. Fujian has long been recognized as a key region for overseas Chinese and a pioneer in China's reform and opening-up. Xiamen, in particular, is celebrated as one of "China's Top 10 Cities for Returnee Entrepreneurs" and one of the "Most Attractive Chinese Cities in the Eyes of Foreign Talent." With strong infrastructure and robust support systems, Xiamen and Fujian are well-positioned to provide comprehensive services and assistance to returning organizing committee warmly welcomes overseas Chinese students, scholars, and technology entrepreneurs to apply and take part in this competition, and to seize the opportunity to contribute to — and benefit from — China's next stage of high-quality development. Sponsor: Fujian Global Innovation and Entrepreneurship Competition Organizing CommitteeContact: Xiao FanEmail: fujiantalent@ To view the source version of this press release, please visit
The Guardian
13-05-2025
- Politics
- The Guardian
Ireland hopes to entice academics as US becomes ‘a cold place for free thinkers'
Ireland is to launch a scheme to poach academics and university lecturers from overseas on the basis that the Trump administration has made the US 'a cold place for free thinkers and talented researchers'. The higher education minister, James Lawless, will on Tuesday seek cabinet approval for a 'global talent initiative' to entice top international academics, including those seeking to leave the US or deterred from working there. The plan envisages deploying roving academic talent scouts who will offer potential recruits attractive packages, with the Irish government contributing up to half of the salaries offered by Ireland's third-level institutions. The talent hunt will reportedly prioritise experts in renewable energy, food security, digital technology, artificial intelligence, semiconductors and healthcare. Lawless told an Irish universities association seminar on Monday: 'Today, as US research freedoms come under threat, Ireland has a unique opportunity to emulate their post-war success by offering a stable, open, EU-aligned environment where world-class researchers can thrive, contribute and shape the future of science. Ireland will be a welcoming host for the best and brightest fleeing the US university system.' Perceptions of the US as a haven for research had changed in recent months, the minister said. 'It has become a cold place for free thinkers and talented researchers. We all know how that will grind advanced research to a halt. And that is nothing in the face of the human suffering of targeted student arrests and deportations'. Reports of library culls 'bring to mind book burnings of old', he said. As a precedent Lawless cited Ireland's success in enticing Erwin Schrödinger to Dublin on the eve of the second world war. The Austrian physicist helped to set up the Dublin Institute of Advanced Studies (DIAS). The Irish scheme follows efforts by Belgium's Vrije Universiteit Brussel, France's Pasteur Institute and other European institutions to recruit US researchers by offering themselves as a haven for those keen to escape a White House crackdown on research and academia. In March the Netherlands said it planned to launch a fund to attract researchers. The Trump administration has frozen billions in federal funds for research under in the name of efficiency and punishing alleged anti-semitism and other transgressions in academia. It has been called an 'RMS Titanic moment' for American higher education. The migration of talent might initially benefit only individual, high-profile researchers but there would be an economic effect, Cas Mudde, the Stanley Wade Shelton UGAF professor of international affairs at the University of Georgia, recently wrote in the Guardian. 'That might force even the Trump administration to change course.'
Irish Times
13-05-2025
- Business
- Irish Times
Ireland seeks to poach US academics with new funding plan and talent scouts
The State will co-fund salaries for top academics as part of a scheme to poach overseas talent for Ireland's universities , under plans going to the Cabinet on Tuesday. The effort is expected to target, among others, disillusioned academics in the United States who have lost financial backing due to interventions by the Trump administration. Minister for Higher and Further Education James Lawless will brief Ministers on his plan for a global talent initiative, which will see a team of talent 'attaches' deployed around the globe to court high-calibre researchers, as well as a team in Ireland. Under the plan, being developed with Research Ireland, salaries for those who take up posts will be funded by universities and directly by the exchequer, which is a departure from the norm, Government sources said, where higher education institutes usually have autonomous funding powers for recruitment. READ MORE This will be done on a temporary basis, although it is yet to be decided how long the funding will be offered for. The US will be targeted, along with other countries, with researchers sought who are working in areas such as renewable energy, food security, digital technologies, artificial intelligence , semiconductors, medtech and healthcare. It is expected that research funding will be paired with start-up supports as part of the effort, for circumstances such as spin-out companies associated with third-level institutions. Researchers will have to work in higher-level settings in order to be eligible. At an event on Monday hosted by the Irish Universities Association , Mr Lawless said there had already been inquiries about options to work in Ireland. While the US became a global leader in research after the second World War, 'the last few months has undoubtedly changed how people view the US when it comes to research', said Mr Lawless at the event attended by all seven presidents of Irish universities. 'It has become a cold place for free thinkers and talented researchers. Faculties are having pledged funding revoked, institutes are facing shutdown,' he added. Meanwhile, Minister for Health Jennifer Carroll MacNeill will update the Cabinet on Sláintecare reforms, including new figures showing reductions in daily trolley counts – down 11 per cent in 2024 compared with 2023. She will also give an update on surgical hub construction. Ms MacNeill will tell Ministers that performance in emergency care improved over the May bank-holiday weekend when compared with Easter and St Brigid's Day, outlining that there were 21 per cent fewer patients on trolleys compared with the same periods in 2024.
