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Geopolitics

Germany Set To Welcome British Exodus After Brexit

London not calling
London not calling
Nina Trentmann

LONDON — Britain's departure from the European Union would have immediate far-reaching consequences for the British job market as hundreds of thousands of British and European Union citizens want to leave the UK to work on the continent instead, according to a recent survey by the StepStone global private markets specialist found.

Some 600,000 British-based professionals plan to leave the UK, the study said, as the country becomes a less enticing work destination, the value of the pound falls, and the economy risks weakening amid coming restriction on the free movement of labor.

In the face of such staggering numbers, Germany stands to profit as the country needs qualified workers and is an attractive destination for such mobile professionals.

Depending on Britain's negotiations over the next two years, more than 2.1 million Europeans living in Britain will leave the country. Newly installed Prime Minister Theresa May has said that until the 1.5 million British citizens living in the EU were explicitly allowed to continue living there, the resident status of European citizens in Britain could not be guaranteed.

If Britain were to lose its access to the single European market, employees would leave the country because large companies with strong ties to Europe such as Vodafone, Easy Jet and banking institutions would be forced to move their operations on the continent.

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FOCUS: Russia-Ukraine War

With His Trip To Moscow, Xi Has Sent A Clear Message To The World

China has adopted a stance of pro-Putin neutrality since the start of Russia's invasion. But this is not an alliance of equals. China has the upper-hand and sees the opportunity to present itself as an alternative world leader.

Photo of ​Russia's President Vladimir Putin and China's President Xi Jinping in Moscow during the Chinese leader's state visit to Russia.

Russia's President Vladimir Putin and China's President Xi Jinping in Moscow during the Chinese leader's state visit to Russia.

Pierre Haski

-Analysis-

PARIS — While Russia is mired in Ukraine, and Vladimir Putin has become the target of an international arrest warrant, China appeared as a lifeline.

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Xi Jinping’s presence in Moscow from Monday to Wednesday was a bit like the "quiet force" visiting a friend in trouble. They offer him "face," as the Chinese expression for showing respect goes, referring to him as "dear friend"...

But reality sets in very quickly: between the couple, Beijing has the upper hand — and Moscow has no choice.

Since the invasion of Ukraine, China has observed what one diplomat astutely calls a "pro-Putin neutrality", a subtle balance that suits Beijing more than Moscow. Putin could have hoped for more active support, especially in the delivery of arms, technological products, or ways to circumvent Western sanctions. But China is helping Russia sparingly, while making sure to not incur sanctions in turn.

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