Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Austria hails 'brain gain' in luring 25 academics away from US after cuts
    Headlines

    Austria hails 'brain gain' in luring 25 academics away from US after cuts

    Austria hails 'brain gain' in luring 25 academics away from US after cuts

    Published by Global Banking and Finance Review

    Posted on September 25, 2025

    Featured image for article about Headlines

    VIENNA (Reuters) -Austria has lured what it calls 25 "top researchers" away from U.S. institutions including Harvard, the Massachusetts Institute of Technology and Princeton with grants set up in response to the Trump administration's funding cuts targeting universities.

    Recipients of the grants of 500,000 euros ($587,000) each over two years range from post-doctoral researchers to professors and work in fields such as physics, chemistry and life sciences, the Austrian Academy of Sciences said in a statement on Thursday.

    "Thank Trump for this brain gain," the academy's president Heinz Fassmann said.

    "We have succeeded in bringing these outstanding individuals from the United States to Austria. They bring with them new ideas, new perspectives and international networks. That is a big win for Austrian science," he added, without naming them.

    U.S. President Donald Trump has cracked down on universities over a range of issues like pro-Palestinian protests against U.S. ally Israel's assault on Gaza, transgender policies, climate initiatives and diversity, equity and inclusion programs.

    The White House has said even with the cuts, the U.S. would still account for the most global research funding

    Austria is among the countries that have responded by seeking to lure away academics currently working at universities in the United States. In March, 13 European countries including France, Germany and Spain, urged the EU Commission to move fast to attract academic talent.

    While Austria is better known for the intellectuals it produced in the 19th and early 20th centuries, such as psychoanalyst Sigmund Freud or quantum physicist Erwin Schroedinger, it currently has four universities in the global Shanghai ranking's top 300.

    Recipients of the grants will start work this year at Austrian universities or research institutions.

    "At a time when political interference and authoritarian tendencies are encroaching on research and teaching, we are taking a strong stand against them," Austria's minister for science and research, Eva-Maria Holzleitner of the Social Democrats, said.

    ($1 = 0.8519 euros)

    (Reporting by Francois Murphy; editing by Alexandra Hudson)

    Related Posts
    Bosnian police detain two officials over deadly retirement home fire
    Bosnian police detain two officials over deadly retirement home fire
    Explainer-Bondi Beach suspects travelled to Philippine region known for Islamist militancy
    Explainer-Bondi Beach suspects travelled to Philippine region known for Islamist militancy
    Family of Bondi hero in Syria says his home country is proud of him
    Family of Bondi hero in Syria says his home country is proud of him
    UK police charge two men with belonging to Hezbollah, attending terrorism training
    UK police charge two men with belonging to Hezbollah, attending terrorism training
    Exclusive-Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say
    Exclusive-Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say
    UK police arrest teenage boy for murder after 9-year old girl dies
    UK police arrest teenage boy for murder after 9-year old girl dies
    Russia is main treat to peace in Euro-Atlantic area, eight northern and eastern European countries say
    Russia is main treat to peace in Euro-Atlantic area, eight northern and eastern European countries say
    UK to review foreign interference in politics after ex-Reform member's Russia bribery case
    UK to review foreign interference in politics after ex-Reform member's Russia bribery case
    Russia calls German broadcaster Deutsche Welle an 'undesirable organisation'
    Russia calls German broadcaster Deutsche Welle an 'undesirable organisation'
    Italy plans 2.4 billion euros investment in frigates, document shows
    Italy plans 2.4 billion euros investment in frigates, document shows
    Swedish greenhouse gas emissions on rise again after government relaxes fuels policy, data shows
    Swedish greenhouse gas emissions on rise again after government relaxes fuels policy, data shows
    Eurovision host says it will not drown out any boos during Israel's performance
    Eurovision host says it will not drown out any boos during Israel's performance

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostFrench model and singer Carla Bruni stands by her man after Sarkozy jail sentence
    Next Headlines PostPalestinian leader pledges to work with Trump, others on UN-backed Gaza plan

    More from Headlines

    Explore more articles in the Headlines category

    Liverpool parade attacker jailed for more than 21 years for ploughing car into fans

    Liverpool parade attacker jailed for more than 21 years for ploughing car into fans

    From pulpit to turntables: Portugal's 'DJ Priest' brings his message to Latin America

    From pulpit to turntables: Portugal's 'DJ Priest' brings his message to Latin America

    Leonardo denies liability for helicopter crash that killed Leicester City owner

    Leonardo denies liability for helicopter crash that killed Leicester City owner

    Explainer-French lawmakers race to agree 2026 budget before year-end

    Explainer-French lawmakers race to agree 2026 budget before year-end

    UK PM Starmer's office: Trump legal action is a matter for the BBC

    UK PM Starmer's office: Trump legal action is a matter for the BBC

    Soccer-French court orders PSG to pay Mbappe 60 million euros

    Soccer-French court orders PSG to pay Mbappe 60 million euros

    German investor morale rises more than expected in December, ZEW finds

    German investor morale rises more than expected in December, ZEW finds

    Exclusive-Shell seeks buyers for stake in Germany's Schwedt refinery, sources say

    Exclusive-Shell seeks buyers for stake in Germany's Schwedt refinery, sources say

    EU Parliament approves deal to weaken corporate sustainability laws

    EU Parliament approves deal to weaken corporate sustainability laws

    EU tries to salvage Mercosur trade pact as parliament toughens farm protections

    EU tries to salvage Mercosur trade pact as parliament toughens farm protections

    Italy's ruling parties urge caution on using frozen Russian assets

    Italy's ruling parties urge caution on using frozen Russian assets

    Britain may change BBC funding to allow adverts or subscriptions

    Britain may change BBC funding to allow adverts or subscriptions

    View All Headlines Posts