George Soros is investing $500 million to help refugees

George Soros in 82 Seconds George Soros latest advance move? Refugees. The Hungarian-American billionaire said Tuesday he will advance $500 actor into companies and startups founded by migrants and refugees, as able-bodied as businesses and initiatives that abode the needs of refugees and their host communities. Soros, who in 1947 fled Hungary for England, said he will assignment with all-embracing organizations that advice refugees to actuate how to advance the money, but he hinted that tech is one acceptable benefactor. We will seek investments in a array of sectors, amid them arising agenda technology, which seems abnormally able as a way to accommodate solutions to the accurate problems that confused bodies generally face, Soros said in a statement. Being able to acquaint is acute for refugees. Last week, a abstraction by the U.N. Aerial Commissioner for Refugees and Accenture begin that adaptable phones and Internet admission are now as analytical to refugees assurance and aegis as food, apartment and water. Technology can advice bodies get admission to government, legal, banking and bloom services, Soros said. Technology is acute for refugees. Related: How this Vietnamese refugee became Uber s CTO The investments will be endemic by Soros nonprofit organizations. These investments are advised to be acknowledged … but our primary focus is to actualize articles and casework that absolutely account migrants and host communities, he said. In an assessment commodity in the Wall Street Journal, Soros wrote that his capital affair is to advice migrants and refugees accession in Europe, but that he will be attractive for acceptable advance account to account migrants everywhere. More than 65 actor bodies common accept been affected to abscond their homes, according to the Office of the United Nations Aerial Commissioner for Refugees. Amid them are about 21.3 actor refugees, over bisected of whom are beneath the age of 18. A almanac 1.3 actor migrants activated for cover in Europe in 2015, about bifold the antecedent high. The cardinal of bodies beat to Europe has sparked conflicts amid alone European countries, who accept so far bootless to accede on a solution. (London) First appear September 20, 2016: 9:38 AM ET

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