🤖 Gen AI Boosted Corporate Finance Revenues. India Topped Germany’s International Enrolments. Australia Needs More Healthcare Workers.
Chart of the Day #498 Looks at International Students in Germany, Medical Staff in Australia, and Gen AI’s Impact on Business.
Zdravo 🍷
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First Nissan skills academy students begin apprenticeships at Sunderland plant. Ohio awards $10.2M for new defense, aerospace, tech R&D statewide. New Zealand welcomes 1800 new graduate nurses. Nasscom Foundation, IBM To Train 87,000 Youth In AI, Cybersecurity And Digital Skills.
Today's Topics
🧑‍🎓Student Flows. India emerged as the leading source of international students
⚕️ Health Skills. Australian public hospitals face nursing shortage
🤖 Artificial Intelligence. Corporate finance revenues boosted by gen AI
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🧑‍🎓 India Emerged as the Leading Source of International Students
India topped international university enrolments in Germany with nearly 50K students in 2023/24, as Indian students shift from the UK to European destinations. Benefits include tuition-free public universities, 20-40% lower living costs than in the US and UK, two-year post-study work permits, and 200+ English-taught programs. High-level partnerships include GIANT (German Indian Academic Network for Tomorrow), launched in October 2024 is a bilateral program funding mobility, research, and joint teaching. The India-Germany Mobility Partnership helps streamline visas for students. Germany's structured education, strong engineering focus, and clear pathways to permanent residency make it a strategic alternative for Indian students.
⚕️ Australian Public Hospitals Face Nursing Shortage
Nearly 190K full-time nurses staffed Australian public hospitals in 2023/24, yet the healthcare system faced severe constraints in workforce due, driven by aging population, burnout, and post-COVID attrition. Government initiatives for replenishment include Primary Care Nursing Scholarship Program offering 500 annual scholarships for nurse practitioner/midwife training, financial incentives of up to $70K for rural Queensland positions and $20K for NSW relocation, and Victoria's scholarships. The National Nursing Workforce Strategy emphasizes international recruitment, scope-of-practice reforms, and rural placement programs to replenish shortages.
🤖 Corporate Finance Revenues Boosted by Gen AI
30% more companies saw revenue gains in strategy and corporate finance by using gen AI in the second half of 2024, with firms repurposing jobs through automated risk assessment, portfolio optimisation, and AI-powered financial reporting. Finance professionals spend 20-30% less time performing traditional finance tasks, redirecting capacity toward strategic business partnering. AI-powered trading apps like Public, Composer, and Tickeron are creating new competition by letting retail investors build custom indexes and automated strategies. Gamification has made financial markets more accessible, challenging traditional institutional players and pushing companies to diversify their offerings.
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