Latest news with #techsector
Yahoo
3 days ago
- Business
- Yahoo
I'm a skilled immigrant who's paid my £37K in taxes. Labour's new visa plans could send me packing
Tariq*, a 35-year-old software engineer from southern Asia, has invested £22,000 of his money on visas and NHS charges so he could build a life in London. He arrived in 2020 as a masters' degree student, attracted by the UK's post-Brexit message to the world that it needs skilled migrants and welcome talent. 'I believed that promise,' he says. After completing his postgraduate degree, in 2022 Tariq found a job as a senior software engineer in the world-leading tech sector that prime minister Keir Starmer is pegging plans for economic growth upon. He moved on to a five-year skilled work visa - a route to obtaining indefinite leave to remain - and his wife and young daughter joined him. Now, the family's future is in disarray - and he's not alone. Tariq fears he could be forced to leave the country by the government's sudden overhaul in immigration policy, which has left those already here on skilled work visas fearing they will have to wait a full decade to secure the right to remain permanently. The working visa gives employees just 60 days to find a new job if they are made redundant - an impossible demand for young families. 'My nine-year-old daughter, who started school here and came at the age of four, speaks only English and has no cultural or linguistic connection to our home country. If we are forced to leave because of a change that did not exist when we applied, the trauma for her and for children like her would be unimaginable,' he says. 'My family and I have invested our savings, trust, and lives into building a future here. I came in good faith, under clearly written government rules that stated we would be eligible to apply for ILR after five continuous years. We feel stranded, in limbo. What many people don't realise is that we can't rewind our lives, we can't go back in time and undo the decisions we made when we first entered the system.' Also feeling trapped is tech product manager Giang*, a high-skilled and highly-paid employee who is almost at the end of his five-year wait to obtain residency after moving from a previous tech position in Singapore. He has paid more than £37,000 in income tax in the last year alone, and together with his wife has invested more than £30,000 in the UK stock market. 'We bought an apartment just recently, we are expecting a baby and we are preparing to launch our own business in the UK,' he says. The family is 'living in limbo' waiting to discover their fate since the immigration white paper dropped. 'I want to make plans for my family but there is no information for me,' Giang says. 'I've paid a lot of tax and really feel unwelcome and feel prevented from integrating into the community because if I lose my job I have to pack up and leave the country within 60 days.' If he had known that extending the qualification period was a possibility, Giang says he would have opted to pursue his career in the US or another European country. He is now considering moving his family back to his home nation. 'I'd take a 20-30% pay cut, but my net income and purchasing power would be much better. I want to stay in the UK for the job market and tech industry opportunities. It's a big sunk cost for us, but it would be a bigger risk continuing to invest for five more years knowing I might lose the job,' he says. 'If they can move the goalposts now, I'm really concerned that in the next couple of years they could move again so that settlement is always a dangling carrot for us and we never get it.' Both men agreed to speak to Yahoo if we protected their identity, due to fears that their jobs or families could be at risk if they were seen to be speaking out. Yahoo has seen documents that verify their identities and UK tax commitments. Experts warn that the new immigration policy is destroying the global reputation of the UK's tech sector as a place where high-skilled talent is welcomed and can thrive - putting plans for rapid economic growth at risk. There are 54,000 skilled migrants working in UK tech, and the number is rising each year. When the white paper on immigration was first published in May, including plans to move to a 10-year settlement period for new arrivals, the industry's leaders warned it could cause problems. Antony Walker, deputy CEO of TechUK, said: 'As the demand for skilled workers in fields such as AI, cybersecurity, and quantum continues to grow, it is crucial that the UK grants and maintains immigration pathways that enable tech companies to access the talent they need. A well-designed and fairly priced visa system is essential to maintaining the UK's global competitiveness.' Dr Robyn Klingler-Vidra, reader in political economy and entrepreneurship at King's College London and an expert in start-ups, told Yahoo that UK tech was already suffering under existing 'innovator' visa rules, which grant migrant entrepreneurs just three years to establish a business - too short, according to experts. Now the industry is in danger of losing its highly skilled workforce too. 'The overall sentiment or narrative that's been projected outside of the UK is one of, do I want to go to the UK in the first place? It's logically inconsistent to say we want the UK to be a world leader in these areas but then when people with families, with lives, try to bring their skillset to the UK, they're then met with a reality that doesn't fulfil that ambition," she says. Sir Cary Cooper, professor of organisational psychology at Manchester Business School, says talented migrants should not worry; the UK will create exceptions to the rules to protect their investment in British industry. But that alone will not change a dangerous perception of Britain that is now being spread outside the UK. 'It's not about rationality, it's about emotion. The vast majority have nothing to worry about even if they lose a job, but that's not the reality experienced by these people who are emotionally worried that, if they lose their job, their visa will expire. The government should be thinking about this and they should be aware that it's a problem,' Professor Cooper says. 'I'm more worried about what message the UK is sending out, about what people who are currently in the UK in the high-tech industries are saying to people back in the countries they came from.' Tanmay Datta, a 30-year-old software engineer originally from India who now works in British fintech, says he is now dealing with stress and anxiety as a result of the uncertainty. He was due to achieve residency in 2026, and is paying around £35,000 a year in income tax - higher than the salary thresholds for some migrant visas to the UK. His partner, who his visa states as his dependent in the UK, is also a higher-rate taxpayer. 'We have had to put all our major life plans on hold. We feel unable to make significant decisions, such as starting a family or moving house,' he says. In the last week, the government has confirmed that some workers will be able to qualify for settlement earlier than 10 years, but has not clarified how its proposed 'earned status' will operate. There is currently no fixed timescale for implementation of the proposals set out in the immigration white paper.
Yahoo
6 days ago
- Business
- Yahoo
High Growth Tech in Asia Featuring Newborn Town and Two More Stocks
In recent weeks, global markets have experienced heightened volatility, with small-cap indexes like the S&P MidCap 400 and Russell 2000 facing declines amid geopolitical tensions and fluctuating economic indicators. As investors navigate these uncertain times, identifying high-growth opportunities in Asia's tech sector becomes crucial, where companies that demonstrate resilience and innovation can stand out despite broader market challenges. Name Revenue Growth Earnings Growth Growth Rating Suzhou TFC Optical Communication 29.78% 30.32% ★★★★★★ Shengyi Electronics 22.99% 35.16% ★★★★★★ Fositek 26.71% 33.90% ★★★★★★ Shanghai Huace Navigation Technology 24.44% 23.48% ★★★★★★ Range Intelligent Computing Technology Group 27.31% 28.63% ★★★★★★ eWeLLLtd 24.95% 24.40% ★★★★★★ PharmaResearch 24.40% 25.85% ★★★★★★ Nanya New Material TechnologyLtd 22.72% 63.29% ★★★★★★ Global Security Experts 20.56% 28.04% ★★★★★★ JNTC 54.24% 87.93% ★★★★★★ Click here to see the full list of 489 stocks from our Asian High Growth Tech and AI Stocks screener. Let's dive into some prime choices out of from the screener. Simply Wall St Growth Rating: ★★★★★☆ Overview: Newborn Town Inc. is an investment holding company that operates in the global social networking sector with a market capitalization of HK$14.49 billion. Operations: The company primarily generates revenue from its Social Networking Business, which accounts for CN¥4.63 billion, significantly overshadowing its Innovative Business segment at CN¥459.64 million. Newborn Town's recent strategic expansion with its new global headquarters in Hong Kong underscores its commitment to leveraging the region's robust business ecosystem and talent pool. This move coincides with a remarkable quarterly revenue forecast, projecting an increase of up to 48.1% year-on-year, signaling strong market demand for their offerings. Despite a dip in profit margins from 15.5% to 9.4%, the firm is poised for significant earnings growth, estimated at 30.3% annually over the next three years, outpacing both local and industry averages. This growth trajectory is supported by substantial R&D investments aimed at driving innovation and maintaining competitive advantage in the rapidly evolving tech landscape. Get an in-depth perspective on Newborn Town's performance by reading our health report here. Review our historical performance report to gain insights into Newborn Town's's past performance. Simply Wall St Growth Rating: ★★★★★★ Overview: RemeGen Co., Ltd. is a biopharmaceutical company focused on the discovery, development, and commercialization of biologics for treating autoimmune, oncology, and ophthalmic diseases in Mainland China and the United States with a market cap of HK$35.93 billion. Operations: RemeGen Co., Ltd. generates revenue primarily through its biopharmaceutical research, service, production, and sales activities, amounting to CN¥1.91 billion. The company operates in the biopharmaceutical sector with a focus on addressing unmet medical needs in autoimmune, oncology, and ophthalmic diseases across Mainland China and the United States. RemeGen's strategic advancements in oncology and autoimmune treatments underscore its potential within Asia's biotech landscape. The company recently showcased promising Phase 2 results for disitamab vedotin in gastric cancer treatment at the ASCO Annual Meeting, highlighting significant efficacy improvements over standard therapies. This innovation follows their successful HKD 806.36 million equity offering, bolstering financial flexibility for further R&D. Moreover, the NMPA's approval of Telitacicept marks a breakthrough in treating myasthenia gravis, positioning RemeGen at the forefront of addressing complex medical needs with novel biologics. These developments reflect a robust pipeline capable of driving sustained revenue growth and expanding market presence. Delve into the full analysis health report here for a deeper understanding of RemeGen. Gain insights into RemeGen's past trends and performance with our Past report. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Elite Material Co., Ltd. specializes in manufacturing and selling copper clad laminates, electronic-industrial specialty chemicals, raw materials, and electronic components across Taiwan, China, and international markets with a market cap of NT$298.23 billion. Operations: With a focus on copper clad laminates and specialty chemicals, Elite Material Co., Ltd. generates revenue primarily from foreign markets, contributing NT$69.60 billion, while domestic operations add NT$16.17 billion. Elite Material's recent performance underscores its robust position in the high-growth tech sector in Asia, with a notable 58.4% surge in earnings over the past year, outpacing the electronic industry's growth of 14.2%. This surge is supported by aggressive expansion strategies, such as the TWD 3.31 billion construction of their Tayuan factory aimed at boosting production capabilities. The company also demonstrated significant financial growth with first-quarter sales soaring to TWD 21.68 billion from TWD 12.90 billion year-over-year, complemented by a net income increase to TWD 3.47 billion from TWD 1.98 billion, reflecting a strategic focus on scaling operations and optimizing product offerings to meet escalating market demand. Unlock comprehensive insights into our analysis of Elite Material stock in this health report. Explore historical data to track Elite Material's performance over time in our Past section. Get an in-depth perspective on all 489 Asian High Growth Tech and AI Stocks by using our screener here. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:9911 SEHK:9995 and TWSE:2383. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Bloomberg
30-05-2025
- Business
- Bloomberg
US Plans Wider China Tech Sanctions With Subsidiary Crackdown
The Trump administration plans to broaden restrictions on China's tech sector with new regulations to capture subsidiaries of companies under US curbs. Officials are drafting a rule that would impose US government licensing requirements on transactions with companies that are majority-owned by already-sanctioned firms, according to people familiar with the matter.
Forbes
21-05-2025
- Business
- Forbes
How To Build Belonging And Safety With Remote Teams
Bringing people who work disparately together for a multi-day gathering to ideate, produce, and/or celebrate can accelerate productivity, increase engagement, and strengthen organizational commitment. Many U.S. companies continue with hybrid work models, which, while not impacting productivity, present challenges to connection and cohesion. The solution? Productive team offsites. Some companies, notably giants such as Amazon and J.P. Morgan, are now insisting on a full-time return to the office model. However, such firms are in the minority, and this approach is generally unpopular with many whose jobs theoretically allow the flexibility of some remote working, such as in the tech sector. According to a new McKinsey study, hybrid work models seem to be the new normal, and this brings up unique complications. Specifically, challenges related to innovation and psychological safety. It's intuitive why innovation takes a hit remotely; ideation is not always synchronous, it misses that 'live action' component, people are easily distracted, and the hard-to-describe energy or 'vibe' that makes teams come together just isn't there. Psychological safety is a component of workplace belonging. When leaders can't look us in the eye to tell us that they care, when we can't see and feel the office environment we're a part of, and when we can't observe nonverbal cues in meetings, it's hard to feel safe. In fact, it's isolating. Before we discuss what might help solve for workplace belonging in a remote-first world, let's first define what it's not. Workplace belonging isn't, despite what trite HR programs may say, tolerating underperformance in the name of insincere hyper-inclusivity. In my book, I introduce the four horsemen of the workplace apocalypse, which are the lead-up to a toxic culture: A culture of belonging refers to an organizational environment where employees feel deeply connected to their company or team. In such a culture, employees can show up authentically, are recognized for their contributions, and clearly see how they fit into the larger picture. 'Establishing a psychologically safe environment guarantees that all team members can freely express themselves without worrying about criticism or negative consequences,' I write in my book, The Quest: The Definitive Guide to Finding Belonging. 'It fosters trust, encourages mutual respect, and promotes vulnerability.' Now that we've established that productivity may not suffer when we work remotely, but innovation, safety, and belonging do, let's discuss the solution. Enter offsites and retreats. Offsites are strategic meetings that take place out of the office. Their primary purpose stems from business objectives like board meetings, annual planning, or quarterly reviews. Retreats, on the other hand, may be connected to these but are centered around team-building to promote cohesion, which is correlated with higher performance. Regardless of the vessel, bringing people who work disparately together for a multi-day gathering to ideate, produce, and/or celebrate can accelerate productivity, increase engagement, and strengthen organizational commitment. This is a big reason why I founded my new company: to bring retreat venues to life so that small teams can do big things. Intimate corporate gatherings are the ideal tool for remote team leaders to leverage when they're trying to create innovation, promote safety, and foster belonging.
Fast Company
21-05-2025
- Business
- Fast Company
Boom-bust-what's next: Preparing for supply chain instability by learning from our past
The tech sector often produces rapid innovation and growth in waves. A few years ago, the COVID-19 pandemic brought unprecedented unpredictability, leading to an initial stall, followed by a massive boom in the SaaS and IT industries driven by the need for remote work solutions, cloud services, and digital collaboration tools. Foundational technologies like enterprise IT networking also saw increased investment as companies rushed to purchase hardware and software to accelerate their digital transformation efforts and support secure, hybrid work. Like other variables during the pandemic, the 'boom' period was short-lived. Instead of sustained growth across the tech market, and the IT networking space in particular, a staggering demand overestimation by more than $120 billion caused a frenetic 'bust' that threatened to paralyze the industry. Supply chain volatility plays a significant role in these boom/bust cycles. Lockdowns and delays during the COVID pandemic dragged raw material supplies down substantially, creating initial pent-up demand and backorders. Tariffs also impact this cycle, with extreme price pressure for raw materials imported from foreign countries causing turbulence, especially in the enterprise hardware technology market. With the 25th anniversary of the dot-com peak and a challenging tariff environment along with a new IT industry buying cycle due to extreme demand for AI infrastructure and compute power, what lessons from the past can inform better supply chain management decisions? THE IMPACT OF TARIFFS ON THE TECH INDUSTRY AND THE SUPPLY CHAIN The potential impact of U.S. tariffs continues to loom large over the tech industry—especially following implementation on April 2nd, and the reciprocal behavior from other countries. Tariffs on imported goods from countries such as China, including the components needed to create fully formed tech and IT hardware, are likely to slow growth and create pricing pressure across the supply chain. For example, enterprise network switches have 300 different components sourced from different countries around the world. Any disruption in the supply chain due to tariffs could make these components costlier to use and import, stunting AI's promise and technological advancements needed to make IT management easier, more efficient, and more effective. Fortunately, the last supply crunch taught valuable lessons about the importance of real-time planning, optimization, transparency, and a pragmatic approach to managing a dynamic supply chain. During the COVID-19 pandemic, the initial rush to adopt new technologies was driven by necessity, but it also led to hasty decisions and overinvestment in some areas. As technology buyers anticipate the potential impact of tariffs, it's essential to take a holistic approach to understanding your supply chain, assessing where pricing pressures will likely be the strongest, adjusting as needed, and replacing suppliers and operations with countries that have a more tariff-friendly environment. ACTIONABLE ADVICE FOR MANAGING SUPPLY CHAIN DURING MARKET CHAOS Taking a measured approach to managing the global supply chain before making significant investments is critical. Be prudent with this process and carefully evaluate the long-term value and sustainability of new technologies and new supply partners, and weigh the impacts of tariffs before making any major decisions. Leveraging technology can help, for example, overhaul legacy and manual supply chain management processes, and implementing automation tools, such as inventory management systems and cloud-based platforms, can support real-time planning, re-routing, and execution across various functions. Throughout this process, technology vendors should prioritize transparency and communication with partners and customers. Being open and honest about supply chain drag and upstream pricing pressure can ease concerns and empower customers to make more prudent decisions when planning for future technology purchases and deployments, particularly for extensive AI networking, infrastructure, and data center expenditures. Additionally, establishing a dedicated team of supply chain and IT experts to drive continuous improvement and innovation in supply chain management is imperative, especially in the emerging environment. ARE WE MORE PREPARED THIS TIME AROUND? In what should come as no surprise, most companies are exploring AI to drive operational efficiencies and employee productivity, though a recent survey found 32% of CIOs and senior IT leaders had not yet seen significant ROI from AI investments nor efficiency improvements post-implementation. As AI matures, it will be used to create better user experiences, necessitating infrastructure upgrades and supply chain improvements to accommodate current applications. Significant investments have also gone into building new infrastructure for AI, leading to the rise of the 'AI factory,' or new data centers purpose-built for AI applications and power consumption. New AI-native infrastructures are seen as future-proof investments, as opposed to retrofitted ones that may not scale into the future. Legacy network systems and conventional supply chain cycles will not be able to support AI unless they evolve from single-purpose to multi-purpose systems, are capable of accelerated computing,and have full software-defined workloads. Companies are already investing in accelerated computing as the foundation of new infrastructure, paving the way for new revenue streams. The question remains: Are we better prepared this time around to help customers navigate the complexities of innovative technology and the potential impact of tariffs? The answers lie in our ability to help end customers understand how to effectively plan to ensure their technology investments deliver real, tangible ROI while also avoiding rushed decisions related to the latest newsworthy developments in AI. By focusing on practical applications of AI, adopting integrated platforms, and leveraging the expertise of Managed Service Providers (MSPs), organizations can navigate the challenges of the future and emerge stronger than ever. The technology boom-bust cycle during the COVID-19 pandemic, and the previous cycle of U.S. tariffs from the first Trump administration, have taught us valuable lessons about the importance of transparency, prudence, and a pragmatic approach to new technologies. As we enter the age of AI in networking, these lessons will be essential in helping us avoid another boom-bust supply and demand cycle and achieve sustainable, long-term growth.
