German labour minister aims to recruit skilled workers from India

Germany plans to recruit skilled workers from India on a large scale in an attempt to close its skills gap, Labour Minister Hubertus Heil said on the…

Full Article

Germany plans to recruit skilled workers from India on a large scale in an attempt to close its skills gap, Labour Minister Hubertus Heil said on the sidelines of a cricket match with Indians in Berlin on Monday. Indians’ path to Germany is to be eased with more than 30 measures to reduce bureaucratic obstacles to issuing Indians with visas. Heil’s strategy outlines how skills bottlenecks are holding back growth and progress in Germany. The effects of an ageing society will be exacerbated without immigration, it says. “In India, the situation is the opposite,” it says. “There, highly educated age groups from high-birth years are facing a labour market with only limited capacity to absorb them.” Heil said: “In India, a million people are added to the labour market every month.” The Indian government was promoting migration, he said. “For that reason, Germany sees a particularly important partner in India with respect to skills immigration,” Heil said. Heil said the German Foreign Office would digitize the issuing of visas – for India by the end of the year and for other countries subsequently in order to prevent delays. The German language will also be promoted to a greater extent. And Indians already in Germany are to be integrated better, for example with assistance in finding work. Heil said that the government would present its skills strategy during German-Indian government consultations in India next week. “We will also do this for the Indian public,” he said. The number of weekly unemployment benefits filed last week ticked lower from the previous week in a sign that layoffs remain limited despite a cooling labor market. Heat-resistant and easy to wipe clean, the silicone guards keep spills and splatters from getting into tight crevices. U.S. venture capital giant General Catalyst has announced a fresh $8 billion in funds as it looks to ramp up its investments in multi-sector early-stage startups globally, with a specific focus on the U.S., Europe, and India. The capital constitutes around $4.5 billion for its “core VC funds” which spans seed and growth equity funding, while $1.5 billion is earmarked for its so-called “creation strategy” which is focused on helping repeat or “proven” founders build new companies. An additional $2 billion is for “separately managed accounts” — which are typically special investment vehicles created for a single institutional investor. Intel just won an epic battle with the European Union over a €1.06 billion ($1.1 billion) fine levied way back in 2009. Nvidia is embarking on a series of partnerships with Indian firms to deploy its AI chips and technology, deepening its push into a key growth market. The U.S. chip designer’s CEO, Jensen Huang, said the company has partnered with Reliance, India’s most valuable company, to build infrastructure for AI applications in India. Infrastructure providers Tata Communications and Yotta Data Services also plan to buy and use tens of thousands of Nvidia H100 chips by the end of the year. Shop the sale on both the 42mm and 46mm models. Thursday Night Football continues tonight with the Vikings vs. Rams. Here’s how to watch all the action on the field. If you’re on the hunt for today’s best money market rates, we’ve narrowed down some of the top offers. Learn more about money market account rates today and how to open an account. Lithuania’s Vinted has secured a new valuation of €5 billion (around $5.4 billion at current exchange rates), after the second-hand fashion marketplace closed a secondary share sale worth €340 million ($367 million). The transaction was led by private equity giant TPG, with other new participants including Baillie Gifford, FJ Labs, Hedosophia, Invus Opportunities, Manhattan Venture Partners, and Moore Strategic Ventures. It’s unclear how much Vinted’s existing investors cashed out, but the company says that all its existing institutional investors — which include Accel, EQT, Insight Partners, and Lightspeed Venture Partners — have retained at least some stake. The battle between Salesforce and Microsoft over AI-powered autonomous agents has been especially pronounced, in part because the companies have clashed publicly but also because of the trove of enterprise data both have access to. Trading desks at major banks are expecting a flurry of activity when the chaotic 2024 election comes to a close, and that could cement what is already a banner year for Wall Street. On the very first episode of The Big Number, Tom Haberstroh digs into the numbers with Dan Devine to find out if centers shooting 3s in the preseason will translate into the regular season and beyond. Vice President Kamala Harris held a town hall on CNN Wednesday in the key battleground state of Pennsylvania, where she went after former President Donald Trump and laid out her vision for how she would govern if elected. It’s Thursday and ‘Fantasy Film Room’ is back with Nate Tice and Matt Harmon. The two look into the three biggest fantasy storylines of the week as the Kansas City Chiefs trade for WR DeAndre Hopkins. Harmon and Tice look at how Hopkins will fit in Kansas City and the fantasy ripple effect for the entire offense. The two also look at the WR situations for Tampa Bay, San Francisco and Seattle after all three teams sustained injuries to star pass catchers. Kawhi Leonard will remain in street clothes for the foreseeable future. Trump has repeatedly accused Harris of lying about working at McDonald’s in an attempt to come off as someone with working-class roots. Barcelona beat Bayern Munich 4-1 on Wednesday in the Champions League — after five consecutive losses to the German giants by an aggregate score of 19-2. The schools last played each other twice in the same season in 1945. EV maker Rivian’s factory in Normal, Illinois, appears to have many safety violations. Some workers have reportedly been seriously injured. From durable bags and a cozy 2-in-1 blanket to a clever phone mount, professional globe-trotters recommend these must-haves.

Read more at the source