Tag #Offshoring

hu.euronews.com
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EU Proposes Regulation Allowing Transfer of Rejected Asylum Seekers to Third Countries

The European Commission proposed a new regulation allowing EU member states to transfer rejected asylum seekers to third countries, potentially establishing extraterritorial processing centers in exchange for financial incentives, raising human rights concerns.

Progress

52% Bias Score

Peace, Justice, and Strong Institutions
dailymail.co.uk
🌐 75% Global Worthiness
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Dr. Martens Cuts 70 UK Jobs, Moves Operations to India

Dr. Martens, a British bootmaker, is cutting 70 UK jobs and relocating operations to India to establish a global technology center, impacting its UK and US workforce after recent executive hires received over £3 million in compensation.

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44% Bias Score

Decent Work and Economic Growth
sueddeutsche.de
🌐 75% Global Worthiness
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East German Textile Industry Faces Crisis Amidst Automotive Slowdown

The East German textile industry, employing 14,500, suffered a 10% revenue drop in 2022, with six insolvencies, due to high energy costs, bureaucracy, and declining automotive demand; Otex in Flöha, however, thrives with 24/7 production.

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36% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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EU Court Reviews Italy's Albanian Migrant Camps, Sparking Debate on Offshoring Asylum

The European Court of Justice is reviewing Italy's use of Albanian migrant camps, prompting debate within the EU about offshoring asylum processing; while some countries explore similar models, others like Germany raise concerns about finding reliable partners and the overall efficacy.

Progress

52% Bias Score

Peace, Justice, and Strong Institutions
dailymail.co.uk
🌐 75% Global Worthiness
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Prudential Considers £8 Billion Indian Asset Spin-off

Prudential is considering an £8 billion spin-off of its 49% stake in ICICI Prudential Asset Management, a joint venture in India, potentially listing on the Mumbai stock exchange; this follows a trend of UK firms choosing overseas listings, dealing a blow to the City of London.

Progress

56% Bias Score

Decent Work and Economic Growth