Expat Money News
Latest 10 news items tagged Money
8 Sep at 9 AM 2015
An Austrian expat has been found dead on the Thai resort island of Phuket, with early reports stating that he had been suffering from drinking and gambling problems.
Walter Edhofer, 53, lwas discovered by neighbours in Kathu early on Monday morning, confirmed Thai police. He had left a voice message on hos phone explaining that he had not saved enough money
to extend his visa in the country. His son, Chris, translated the message, telling police that his father had amassed debts and was unemployed.
Edhofer, who previously worked in...
7 Aug at 12 PM 2015
Expats from Indian and Pakistan make up 37 per cent of the total population in the emirates of Dubai, Ajman and Sharjah, according to the latest statistics from market intelligence company Euromonitor International.
With the combined populations of the three emirates, Indians make up 25 per cent, Pakistanis 12 per cent, Emiratis nine per cent, Bangladeshis seven per cent and Filipinos five per cent.
Euromonitor International research manager Nikola Kosutic noted that the high number of expats from India and Pakistan could be...
6 Aug at 12 PM 2015
A British expat living in Spain has seen his reputation left in ruins after comments that were later proven to be false were not removed from the notorious website Ripoff Report.
Property expert David Rowe had no idea that the US website even existed until 2012, when an anonymous poster accused him of fraud, theft, sex with prostitutes and drug use. After trying to take legal action, however, he soon learnt that it would be expensive and very difficult to remove the post from the site.
Rowe, originally from Bristol, had to pay 1,820...
24 Jul at 12 PM 2015
A French oil expert and a former Japanese model have become embroiled in a legal spat after meeting on a millionaires’ dating website.
Charles Miriel, 67, and Nan Itakura, 44, met on millionairematch.com and met in person for the first time in the Spanish town of Sotogrande in March. Things were all rosy at the beginning and Itakura and her 11-year-old son moved into the Frenchman’s home in the Andalusian resort town shortly after.
However, just three months later the relationship has turned so sour that both have filed police...
23 Jul at 6 PM 2015
Expat in a number of countries face the prospect of their Barclays Bank accounts being closed down unless they have a balance of at least £100,000.
The bank announced that it would close down accounts that were not worth £100,000 within a couple of months, meaning many Brits living abroad will need to deposit huge sums of money
should they wish to keep their business links with the lender.
Barclays has already sent letters out to expats in Cyprus acknowledging that they know they may be disappointed by the ruling, and stating that...
22 Jul at 6 PM 2015
Increased budget cuts designed to further reduce the government budget deficit mean many foreign nurses in the UK may be sent home.
To separate long-term residents and short-term workers, UK laws state that expat workers are permitted to stay and work in the country for six years. However, by the time the six-year mark comes round, they must be able to show they are on a yearly salary of at least £35,000. If not, working visas can be taken away from them and they then have to return to their homeland.
In recent times the UK has...
11 Jul at 10 AM 2015
A Saudi Arabian court has jailed a woman has ordered her to pay back the SR300,000 ($US80,000) she took from a Yemeni expat after saying that she would obtain Saudi nationality for him.
The victim’s lawyer, Khalid Al-Yafie, said that the Saudi woman had ruined his client’s reputation in a separate incident which involved her posting a video on social media in which a group of divorcees claimed he was an exploiter.
Al-Yafie explained that his client had dropped the charges against the divorces who appeared in the video because he...
7 Jun at 2 PM 2015
A British expat who has been banned by her town hall from feeding stray cats is fighting back in a bid to overturn the ruling.
Kelly Dooley, 44, was told by Benalmadena Town Hall that she was no longer allowed to lay food out for the cats that roam around Paloma Park.
However, Dooley, originally from London, is not happy with the ruling and has already gathered 2,000 signatories on her petition to reverse the decision.
Dooley said that she couldn’t believe they would make such an unjust call, pointing out that she had worked so...
20 May at 9 AM 2015
A global survey has revealed that expats in Africa earns more money
than their counterparts elsewhere, bringing in an average of £160,000 per year.
However, the downside to the high salaries received on the world’s poorest continent is that expats there are working longer hours than anywhere else, with four out of 10 nations on the longest working hours list being in Africa.
Africa’s most populous country, Nigeria, is home to the most high-earning expats, largely due to the fact that it is the continent’s biggest oil producer...
6 May at 2 PM 2015
Most Finnish expats in neighbouring Estonia are enjoying life and would recommend theuir fellow countrymen to make the move, according to a recent online survey.
Of the respondents, 59 per cent admitted that they would “definitely recommend” living in Estonia, while 37 per cent said they would consider it. Only two per cent said they wouldn’t recommend making the move.
Around 300 Finns living in Estonia were surveyed out of a total of roughly 6,300 that have made the move, equating to approximately five per cent of the Finnish...