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Germany passes law to allow immigrants seek job for at least a year

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Germany amends its immigration laws to allow job seekers with vocational qualification or university degree to look for a job for at least a year

Germany amends its immigration laws to allow job seekers with vocational qualification or university degree to look for a job for at least a year

The German parliament on Friday, June 23, passed legislation to open up new opportunities for job seekers from countries outside the EU and for many refugees who are already in the country.

DW reported that the new immigration law reform is designed to encourage more people from outside the European Union to come to Germany for work.

Interior Minister Nancy Faeser of the center-left Social Democrats (SPD) noted that the new law would secure prosperity in Germany and would only work if the bureaucratic hurdles were dismantled during its implementation.

She said;

“This draft law secures prosperity in Germany. It’s unacceptable that you have to fill in 17 different applications to bring a new care worker into the country.”

Some of Germany’s opposition party welcomed some of the government’s ideas, though they criticized plans to lower the qualification hurdles for foreign workers.

While some opposition parties claimed that plans to lower the level of German language skills necessary would only encourage low-skilled workers, others argued that it would turn Germany into a “junk country”.

A major new innovation under the law is a new “opportunity card” and its associated points system, which allows foreigners who don’t yet have a job lined up to come to Germany for a year to find employment. A prerequisite for receiving a card will be a vocational qualification or university degree.

The cards will be awarded to those who fulfill a certain number of conditions, for which they will be awarded points: These could be German and/or English language skills, existing ties to Germany, and the potential of accompanying life partners or spouses on the German labor market.

The opportunity card will also permit casual work for up to 20 hours a week while looking for a qualified job, as well as probationary employment.

A similar change holds for those on tourist visa. They will not be required to first leave the country before returning in an employment context.

In the future, skilled immigrants will no longer have to have their degrees recognized in Germany if they can show they have at least two years of professional experience and a degree that is state-recognized in their country of origin. Someone who already has a job offer can already come to Germany and start working while their degree is still being recognized.

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Putin Registers As Candidate For Russia’s Next Presidential Election

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Russia on Monday officially recognised Vladimir Putin as a candidate for the presidential elections in March, a vote that he is all but certain to win.

The 71-year-old has led Russia since the turn of the century, winning four presidential ballots and briefly serving as prime minister in a system where opposition has become virtually non-existent.

The Central Election Commission said it had registered Putin, who nominated himself, as well as right-wing firebrand and Putin-loyalist Leonid Slutsky as candidates for the vote.

The election will be held over a three-day period from March 15 to 17, a move that Kremlin critics have argued makes guaranteeing transparency more difficult.

Following a controversial constitutional reform in 2020, Putin could stay in power until at least 2036.

Rights groups say that previous elections have been marred by irregularities and that independent observers are likely to be barred from monitoring the vote.

While Putin is not expected to face any real competition, liberal challenger Boris Nadezhdin has passed the threshold of signatures to be registered as a candidate.

However, it is still unclear if he will be allowed to run, and the Kremlin has said it does not consider him to be a serious rival.

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Hong Kong court grants Chinese real estate giant reorganisation postponement

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Hong Kong’s Supreme Court has once again granted the highly indebted Chinese real estate giant Evergrande a postponement for its reorganisation plan.

Judge Linda Chan surprisingly postponed the decision until Jan. 29, the South China Morning Post reported on Monday.

The property developer, which has liabilities estimated at more than 300 billion dollars, is threatened with liquidation.

However, creditors from abroad had taken the company to court because of its missing several payments.

Chan had already said at the previous hearing that this would be the last postponement and that she would very likely agree to liquidation if China Evergrande did not find a plan for restructuring with its creditors.

According to reports, however, the lawyers of the Hong Kong-listed group had now held out the prospect of being able to reach an agreement with the lenders in the coming weeks.

In the case of liquidation, an insolvency administrator would monetise the company and pay out the creditors.

Meanwhile, some experts were of the opinion that liquidation would return less money to creditors than a reorganisation, China Evergrande argued the same in court, according to reports.

The group had been trying to submit a restructuring plan since 2022, without success. Its founder and once China’s richest man, Hui Ka Yan, is being investigated by the Chinese authorities.

Like many other property groups, the company had been in a serious crisis for some time because it is earning significantly less on the slumping property market.

The company is finding it more difficult to obtain state support and is no longer able to service its loans.

“The Evergrande case also shows that the era of large private property developers in China is coming to an end,’’ says Max Zenglein from the Merics China Institute in Berlin.

If Chan decides to wind up China Evergrande, this could also have an impact on other companies.

“One challenge for the government will be to prevent domino effects in the economy caused by major bankruptcies,’’ says Zenglein.

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