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Good morning from The Financial Times.
Today is Monday, September 22nd, and this is your FT News Briefing.
Visas for skilled foreign workers in the U.S. are getting a lot more expensive,
and Europe looks to protect its digital sovereignty from U.S. big tech.
Plus, a Chinese retail giant is struggling with its European expansion plans.
JD is really desperate for growth outside of China.
For a company of this size, it's absolutely imperative that it needs to go global.
I'm Victoria Craig and here's the news you need to start your day.
$14 billion.
That's how much U.S. companies could rack up in new fees next year
if they want to hire as many skilled foreign workers as they did in 2024.
It comes after President Donald Trump on Friday signed a proclamation introducing a $100,000 application fee for new H-1B visas.