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☆ Can Germany’s sputtering economy be revived in 2024?
▼ + stars: | 2024-02-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +11 min

Europe’s biggest economy shrank last year for the first time since the onset of the Covid-19 pandemic. And the outlook isn’t much brighter: the International Monetary Fund predicts that Germany will be the slowest-growing major economy in 2024, eking out an increase of just 0.5%. “Germany needs a fundamental economic transformation,” Marcel Fratzcher, president of the German Institute for Economic Research in Berlin, told CNN. Carsten Koall/Getty ImagesHomegrown troublesAlongside an external environment that has become more hostile to Germany’s outward-facing economy, the country’s internal political climate has worsened. Businesses such as these, which can find new markets and applications for their know-how, may hold the key to reviving Germany’s moribund economy.

Persons: What’s, ” Marcel Fratzcher, ”, Carsten Brzeski, Jens Schlueter, Constanze Stelzenmuller, Christian Lindner, Olaf Scholz, Robert Habeck, Carsten Koall, Michael Probst, Karl Haeusgen, ” Sebastian Shukla, Chris Stern Organizations: London CNN — Trains, Lufthansa, International Monetary Fund, European Union, European Commission, German Institute for Economic Research, CNN, ING, Brookings Institution, Volkswagen, Biden, Free Democratic Party, Social Democratic Party and, Green Party, Deutsche, LinkedIn, Investors, SAP, chipmaker Infineon, Intel, MAN Energy Solutions, Germany’s Machinery, Equipment Manufacturers Association Locations: Europe’s, Germany, Ukraine, Berlin, Europe, China, Zwickau, United States, Russia, “, Japan, masse, Frankfurt, ”, Hamburg, Jungheinrich, Augsburg, Munich, Esbjerg, Denmark

☆ German structural reforms 'are a must,' IMF chief insists
▼ + stars: | 2023-10-05 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), speaks to the media following talks at the Chancellery on November 29, 2022 in Berlin, Germany. "If you look at the policy decisions Germany is taking, they are around stimulating structural change. And of course, like any other country, structural reforms are a must in this more uncertain world with low gross growth prospects," Georgieva said Wednesday. The auto industry should be a particular focus for reform in Germany if the country wants to increase productivity, according to Georgieva. "For Germany, this is very visible in the need to restructure the automobile sector for this economy of tomorrow," she said.

Persons: Kristalina Georgieva, Carsten Koall, CNBC's Joumanna, Georgieva, Hans, Werner Sinn, Joachim Nagel Organizations: International Monetary Fund, Getty, Ifo Institute, CNBC Locations: Berlin, Germany, Europe, Italy, Ukraine

☆ DoorDash, Instacart, and GrubHub drivers say they're being booted from their delivery jobs without notice — and the services won't tell them why
▼ + stars: | 2023-09-26 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +13 min

Unexplained deactivations are commonplace for some gig workers, according to accounts from drivers. The agent on the other end approved it, he told Insider, and assured him that it wouldn't negatively affect him. Sudden, unexplained deactivations have become commonplace for workers on gig delivery apps, according to accounts from these workers. Grubhub and DoorDash told Insider that employees determined the deactivations of drivers. Do you work for Instacart, DoorDash, Uber Eats, or another delivery service and have a story idea to share?

Persons: —, Uber, would've, they'd, Steve, Jason Picon, Jason, Grubhub, Michael Loccisano, Instacart, Rikki Nudelman, I've, DoorDash, Nudelman, we're, New York City, Sergio Avedian, Guy, Avedian, Carsten Koall, Uber hadn't Organizations: Service, Grubhub, Santa Barbara, DoorDash, New York Daily News, Tribune, Getty, Walmart Locations: Oregon, Virginia, Texas, California, Central California, Los Angeles, Santa, New York, New York City Ribeiro, New, Seattle, deactivations, Berlin

☆ Tipping 'nudges' are now popping up on DoorDash. If you don't leave a gratuity, you'll hear about it.
▼ + stars: | 2023-08-13 | by ( Nancy Luna | Alex Bitter | ) www.businessinsider.com time to read: +5 min

Some delivery workers have tried to increase their gratuity by asking DoorDash customers for higher tips mid-delivery. As a result, the average food delivery tip has increased by 20% from 2020 to 2022, Uber Eats told Insider. With tips and base pay, DoorDash said on average, Dashers make $25 per hour on active deliveries. Many gig delivery workers make below minimum wage and say their earnings have fallen since the height of the pandemicA 2020 study found many gig delivery workers are struggling to make minimum wage. The survey of gig workers from the Economic Policy Institute found that about 14% of gig workers made less than the federal minimum wage, and 29% earned less than their state's minimum wage.

Persons: DoorDash, Austin Haugen, Shroff, Heather Taylor, Dashers, DoorDash's, Instacart, Uber, Carsten Koall, Sergio Avedian, Guy Organizations: Service, Starbucks, Consumers, Base, Economic Policy Institute Locations: Wall, Silicon, Corpus Christi , Texas, Los Angeles

☆ 'Cannabis in Germany will be a success story': Europe's biggest economy moves closer to weed legalization
▼ + stars: | 2023-03-22 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +9 min

The sale of medical cannabis has been allowed in German pharmacies since 2016 — but several barriers to entry remain, including cost. "Patients, who cannot afford medical cannabis, may self-medicate with adult-use cannabis without medical advice. "An overall de-stigmatization of cannabis as a substance will also lead to a de-stigmatized medical cannabis market," Gallois added. The government is currently undertaking a review of its medical cannabis guidelines, including how it is prescribed and reimbursed under the country's statutory health insurance program. A 'domino effect'The plans come as cannabis legalization has fallen under renewed debate over recent years.

Insider obtained recordings of the Google all-hands meeting, along with screenshots of employee comments, questions, and other reactions. Why weren't Google managers warned? During Monday's townhall meeting, employees asked why so many managers were left in the dark about the job cuts. Read more about Google's responses here: Google employees pressed leadership about why managers weren't informed before announcing layoffs of 12,000 workersWas a big activist hedge fund involved? Do you work at another Big Tech company?

☆ Uber salaries revealed: See how much engineers, analysts and hundreds of other employees at the ride sharing company make
▼ + stars: | 2022-10-18 | by ( Diamond Naga Siu | Tom Dotan | ) www.businessinsider.com time to read: +6 min

We analyzed hundreds of H-1B visa applications to get a sense of how much Uber pays employees. The ride-sharing company offered two distinguished engineers nearly $350,000 each as a base salary. As a recession looms, Uber has dramatically slowed down on hiring — even freezing hiring altogether in many departments. But salaries are also a big part of how the company pays its employees. The highest-paid people in the data are two distinguished engineers in California who were each offered $345,000, while the lowest-paid person in the data is a data analyst in Illinois who was offered $56,700.

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