U.S. President Donald Trump 's revamp of the H-1B visa program has rekindled the scramble to hire top global talent, with some touting Europe's work-life balance as a key competitive advantage.

The Trump administration recently raised the H-1B visa application fee to $100,000, seeking to protect American jobs and prevent "abuse" of the program that it says has undermined economic and national security.

The surprise move jolted Big Tech and financial firms which have long counted on the visa program to recruit highly skilled foreign workers, particularly from India and China.

Talent hubs in the U.K., Europe, Middle East and Asia are widely expected to be among those that stand to benefit.

Paul Achleitner, former chair of Deutsche Bank's supervisory board, described quality of li

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