New Expat Hot Spots to Boost Career Growth
If you’re an expat or would-be-expat, then you should be eying Russia, Singapore and the Gulf States, which top the list of countries for expats whose goal is to accumulate wealth.
HSBC Offshore’s Expat Explorer survey reveals that Asia and the Middle East have come strong despite the global financial recession. So, it’s no wonder that these regions are new expats hot spots. This is in comparison to most countries throughout Europe, where even expats have keenly felt the recession in their own homes. This is especially true in countries like Spain, where citizens are still trying to overcome hardships and where the highest ratings of expats are found who think negatively of the local economy.
“Foreigners living in Russia, Saudi Arabia, Bahrain, the United Arab Emirates and Singapore have the greatest overall wealth, defined as earning higher salaries, having more disposable income and owning more luxury items. The low end of the totem pole is dominated by the UK and Europe, reflecting the stark difference in recovery between developed and developing economies.”
Read More From The Financial Times
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More British Retirees Opt for Overseas Retirement
There’s an exodus of British retirees in the past years. Last year alone, 150 thousand British citizens left the country to live abroad. NatWest Bank survey shows that most British retirees are planning overseas retirement. Many choose to work in their new environment before settling down there, while others take the chance to move after a lifetime of work in their home country. Regardless of the choices, more Britons then ever are deciding to spend their golden years with the suns and sand of more balmy countries.
According to NatWest survey, “Seven out of ten Britons who have retired abroad are happy with their new country and likely to stay there.
The poll also found that nine out of ten of expat retirees live among the natives of their adopted country rather than among fellow Britons in communities of exiles. Seven out of ten Britons that have emigrated say they are unlikely to be coming back.”
Read More From Daily Mail
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British Expats Abroad have Better Quality Of Life
Recent survey confirmed that a higher percentage of British expats are doing well and are satisfied on their life outside UK. ”The fact that fewer expats say they will return to the UK in the future, compared to three years ago, proves that the pace of life, work-life balance and earning potential abroad means life as an expat is sunnier in more ways than one - and that they are weathering the financial storm.”
Read more from telegraph.co.uk
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KSA bags the top spot for expat jobs in GCC
The Kingdom Of Saudi Arabia lands on the top spot as the most sought after destination for job seeking expats in the Gulf Cooperation Council (GCC). “The number of expats employed in the kingdom rose by 2.4 percent in the fourth quarter of 2009, the online recruitment firm said in a statement on Monday. Qatar and Oman also saw increases over the same period.”
Read more from arabianbusiness.com
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In-Flight Food Make Over
In-flight food has never been popular to air travelers especially if you are seated in the economy section. However, updates on the in-flight menu and food ordering process might change passengers’ notion of the bland and cheap-tasting in-flight food. “Air Canada has introduced healthy food options, like vegetarian sandwiches and yogurt parfaits, and Alaska Airlines has a new healthy snack pack. American Airlines is working with Boston Market. JetBlue is about to start selling food on select long-haul flights. Some carriers are expected to offer combination meals and other promotions similar to those available at fast-food restaurants.”
Read more from The New York Times
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Understanding “Big Australia”
The recent report on Australia’s population growth had sparked debates and speculations on how the country can manage the projection of having 36 million people by 2050. “Australia’s current growth rate actually reflects a type of “hyper growth” caused by the confluence of unique circumstances which will ease in the future. These include a high birthrate, Australia’s push into the international education services market, and the fact that this nation is (rightly) perceived as a safe harbour amid the global financial crisis.”
Read more from The Australian
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Baby Boomers’ New Haven
A recent survey shows that many US “young” retirees flock to the sunny shores of coastal Mexico; and it is now where most call it their new home. “A newly released study on U.S. retirement trends in Mexico’s coastal communities takes an updated snapshot of Rosarito Beach, Rocky Point, Puerto Vallarta, Cancun and other areas where many Americans go to retire. The study’s authors say their survey marks an important first step in meeting the needs of a group that is likely to grow in size as U.S. baby boomers reach retirement age.”
Read more from SignOn San Diego
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“Gooday” For Expat Kids In Australia
Relocating your family to Australia could be an advantage, specially for your children, as the Land Down Under gets the “up” on a survey, and was voted the world’s best country to bring up children by expatriates parents working in Australia.
“Australia had the largest proportion of expat parents who reported an improvement in the quality of family life compared with their original homes, while almost half (45 percent) said moving to the UK could have a negative effect.”
Read more from BusinessDay 
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Meet The New Expat English Teacher
Expat English teachers in Japan may have some competition. The Nippon Institute of Technology has developed a robot aimed at helping children learn English. “The shrinking ranks of expat English teachers in Japan face yet another employment challenge in the future in the form of the e-NUVO robot. Developed by the Nippon Institute of Technology, Harada Vehicle Design, ZMP and ZNUG Design, the robot was designed to teach children.”
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New Years Resolutions
You may be surprised to know if you are an Expat who cannot keep your New Years Resolution, you are not alone. Recently a university survey found that less than a quarter percent of those surveyed keep their resolutions. “A recent university study found that less than a quarter of the people surveyed had managed to stick to their new year’s resolutions. What caused them to fail? Following the advice of self-help gurus, according to Prof. Richard Wiseman of the University of Hertfordshire in England. Wiseman and his team asked 700 people about their strategies for achieving their new year’s goals. Their goals were typical: losing weight, quitting smoking and other self-improvement tasks.”
Read more from CBC News
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Global Survey: Expat Spouse Employment
The Permits foundation has released a recent study which found that expat spouses have a strong desire to work while overseas. Furthermore, it was found that the ability for an expat spouse to get a work permit is a major factor when employees are looking to move overseas. “The survey also provides insight into partner aspirations and the positive effects of having a job. Almost 90% of partners in the survey were employed before expatriation. This figure fell to 35% during the posting. Three quarters of those who were not working want to work. This is particularly so among the younger age groups, men, graduates and unmarried partners. Most partners who work said that this had a positive impact on adjustment to the host location and willingness to complete the assignment.”
Read more from Permit Foundation
Expats Return to India
Indian expats who are returning to India from overseas are finding the transition more challenge than expected. Recently there have been programs developed to help recruit Indians back to India, including a call from the current PM to welcome all Indians who want to return. “Prime Minister Manmohan Singh personally extended an invitation “to all Indian Americans and nonresident Indians who wish to return home.” But, like Ayyadurai, many Indians who spent most of their lives in North America and Europe are finding you can’t go home again. … For many returnees the cultural ties and chance to do good which drew them back are overshadowed by workplace cultures that feel unexpectedly foreign, and can be incredibly frustrating. Sometimes returnees discover that they share more in their attitudes and perspectives with other Americans or with the British than with other Indians. Some stay just a few months, some return to the West after a few years.”
Read more from Times of India
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