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☆ Austria’s far-right is the frontrunner for Sunday’s elections. How did it get here?
▼ + stars: | 2024-09-28 | by ( Sophie Tanno | ) edition.cnn.com time to read: +10 min

The FPÖ is known as the grandfather of European far-right parties and pedals an anti-migrant, anti-Islam, Eurosceptic and anti-vaxx agenda. It has held power at a federal level three times, in coalition with other groupings, making it one of just a few far-right parties in Europe to have done so. AFP/Getty ImagesIts political stance changed again when Jörg Haider – the son of former Nazi party members – became leader of the party in 1986. FPÖ leader Herbert Kickl speaks to supporters ahead of European parliamentary elections on June 7. According to Reinhard, the FPÖ is more likely to form a government if it comes second than if it comes first.

Persons: –, ” Benjamin Biard, FPÖ, ” Biard, “, ”, Biard, Heinz, Christian Strache, Jörg Haider –, Haider, ’, Herbert Kickl, Taylor, “ remigration, Christian Bruna, Viktor Orban –, Vladimir Putin’s, Kickl, ” Heinisch Reinhardt, Reinhardt, Karl Nehammer, Thomas Kronsteiner, Reinhard, ” Reinhard Organizations: CNN, Party, Italian Lega, Dutch Party for Freedom, “, Getty, Nazi, Austrian People’s Party, EU, Hungary’s Fidesz, Greens, University of Salzburg, Social Democrats Locations: Austria, Europe, Brussels, Flemish, Italian, Germany, Nazi, Austrian, Salzburg, AFP, Ukraine, Vienna, Lower Austria, Russia, loggerheads, ÖVP

☆ Venture capital ecosystem looks 'very bright' right now, KFW Capital says
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVenture capital ecosystem looks 'very bright' right now, KFW Capital saysJorg Goschin, co-CEO and senior managing director at KFW Capital, speaks to CNBC about the venture capital industry and the potential for innovative technology companies in Germany.

Persons: KFW Capital, Jorg Goschin Organizations: Email Venture, KFW, CNBC Locations: Germany

☆ German coalition government will continue to 'muddle through,' Jörg Asmussen says
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGerman coalition government will continue to 'muddle through,' Jörg Asmussen saysJörg Asmussen, former ECB board member and former German deputy finance minister, discusses the outcome of the EU election in Germany.

Persons: Asmussen, Jörg Asmussen Organizations: ECB Locations: Germany

☆ Europe's climate ambitions thrown into doubt as Green vote collapses
▼ + stars: | 2024-06-10 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

That's significantly lower than the 71 seats the Greens/EFA secured when the green faction enjoyed its strongest ever showing five years ago. Nationalist and far-right parties — traditionally skeptical of climate issues — have also been vocal critics of green policies. Bas Eickhout Lead candidate for the Green PartyBas Eickhout, lead candidate for the Green Party, said that support for the far-right parties across the bloc could jeopardize Europe's progress on climate action. Green Deal 'cannot go back'Ahead of the vote, researchers warned that the outcome of the European elections was likely to put significant pressure on the European Green Deal, the region's showcase carbon neutrality program. Which means [the] Green Deal cannot go back, but we are prepared to give it this additional twist, which is a Green Deal, but taking care of the transitions," Marques told CNBC's Silvia Amaro.

Persons: Emmanuel Macron, —, we're, Eickhout, CNBC's Silvia Amaro, Ricarda Lang, Grünen, Terry Reintke, Omid, Reintke, Pedro Marques, Marques, Jorg Asmussen, Asmussen, CNBC's Annette Weisbach, John Macdougall Organizations: Afp, Getty, European Free Alliance, Greens, EFA, Democracy, European Union, European Conservatives, Social Democrats, Free Democrats, French, Union, Nationalist, Bas Eickhout, Green Party, Green, Green Deal, Socialist, Democrats Group, German Insurance Association Locations: The Hague, Germany, Austria, France, Bas, China, United States, Europe, European, Berlin's Columbiahalle, Denmark, Netherlands, Sweden, Finland, Croatia, Latvia, Slovenia, Lithuania, EU, den Linden, Berlin

☆ Opinion: We Germans are making Trump ‘thunderstorm’ plans
▼ + stars: | 2024-05-21 | by ( Opinion Anna Sauerbrey | ) edition.cnn.com time to read: +12 min

That’s scary.” If Trump is elected, Jörg is convinced, he would withdraw American troops from Europe and stop aid to Ukraine. Jim Bourg/AFP/Getty ImagesSix months ahead of the vote, this soccer field conversation reflects the German view of the US elections quite well. Kirill Kudryavtsev/AFP/Getty ImagesIt’s an optimistic view, based on the assumption that Trump will act rationally, as a deal-maker, if elected. What if Trump tries to take America out of NATO or creates a “dormant NATO,” a NATO existent only in name? Another Trump presidency would not only put Germany’s security at risk, but also manifest this view of the US for another four years.

Persons: Thomas Ernst Editor’s, Anna Sauerbrey, Read, ’, ”, Jörg, Miguel, Donald Trump, “, “ Trump, Trump, “ I’m, Piero, Joe Biden, Jim Bourg, Europe’s, Russia “, Olaf Scholz, Michael Kappeler, ” Scholz, mums, Annalena Baerbock, Greg Abbott, Biden, Kirill Kudryavtsev, George H, Bush’s, Barack Obama, Obama, Heinz M, Schahina Gambir, Gambir, Roe, Wade, Bob Parent Organizations: Zeit, Berlin CNN —, Köpenicker FC, CNN, Biden, Trump, Getty, NATO, Republican, European Union, European Central Bank, EU, ”, Dallas Mavericks, Mavericks, LA Clippers, NBA, Green, Bundestag Locations: Berlin, America, Taiwan, Europe, Ukraine, Italy, AFP, Gaza, Germany, Russia, United States, Trump, Texas, China, Poland, France, Frankfurt, Kabul, New York City, New York

☆ Porsche’s iconic 911 is going hybrid
▼ + stars: | 2024-05-13 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

A hybrid Porsche 911, with its gas engine assisted by at least one battery-powered electric motor, will officially be revealed in an online event on May 28. Porsche itself already sells plug-in hybrid models like the Cayenne e-Hybrid SUV and Panamera e-Hybrid four-door car but a hybrid 911 is another matter. This new hybrid model will be the closest Porsche can get to an electric 911 without raising those sorts of philosophical questions. But we do know the hybrid 911 is clearly faster than the current purely gas-powered 911. The faster time indicates the hybrid 911 has greater power due to the addition of electric assistance.

Persons: CNN —, ” Jörg Bergmeister, didn’t, Ferdinand Porsche Sr, Ferdinand “ Ferry, Ferry’s, Ferdinand “ Butzi Organizations: CNN, CNN — Porsche, Porsche, Volkswagen Locations: Cayenne

☆ Teen hands himself into police after attack on German politician
▼ + stars: | 2024-05-05 | by ( Stephanie Halasz | ) edition.cnn.com time to read: +2 min

CNN —A 17-year-old boy handed himself in to police after admitting that he attacked a German politician on Friday. The SPD Saxony branch blamed the far-right party Alternative for Germany (AfD) for the violence. “Yesterday our top candidate for the European elections Matthias Ecke was attacked while he was installing posters and seriously injured. The seeds sown by the AfD and other right-wing extremists are sprouting,” SPD Saxony said on X Saturday. We must stand together against them.”“I wish Matthias Ecke a speedy recovery,” Scholz said.

Persons: Matthias Ecke, –, Greens Party –, Jörg, Urban, ” Olaf Scholz, ”, ” Scholz, Ecke Organizations: CNN, Friday, Police, Social Democratic Party of Germany, Saxony Police, SPD, Greens Party, CNN’s, ntv Locations: German, Saxony, Dresden, Germany, Eastern States, “

☆ I tutored the children of Russia's elite amid the backdrop of war. One teenager said he had his own massage therapist.
▼ + stars: | 2024-03-16 | by ( Cameron Manley | ) www.businessinsider.com time to read: +9 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The agency counted some of Russia's elite among its clientele — so I was quickly thrust into a world of private jets, guarded estates, and personal chauffeurs. I worked in Moscow until Russia's full-scale invasion of Ukraine in February 2022, when I was relocated to Monaco. I have a massage every day, I have my own massage therapist," he told us. AdvertisementBut the children often brought the topic up themselves, their comments ringing with the ideology they had likely absorbed at home.

Persons: —, Cameron Manley, Barts, Vladimir Putin, Ivan, Alexei, Elena, It's, Philippe Jacquemart, Jorg Greuel, Putin, Sasha Mordovets, getty, wryly, Elizaveta Organizations: Service, Business, Monaco penthouses, Monaco, Mandoga, Getty, Mercedes, Benz, United Arab, Russia's, Sirius Locations: Moscow, Ukraine, Monaco, St, Caribbean, Rublevka, Saint, Nice, France, Russia, United Arab Emirates, Dubai, Russian, Sochi, Kyiv

☆ How climate change got sucked into the culture wars
▼ + stars: | 2023-11-23 | by ( Laura Paddison | Ella Nilsen | ) edition.cnn.com time to read: +11 min

For an example of how climate change is increasingly becoming a flashpoint in the culture wars, Germany is a good place to start. Meanwhile, Spain’s far-right Vox party vowed to defend the country against “the new climate religion.”But to understand why climate change and the culture wars have become so enmeshed globally, experts say the United States probably holds the key. It’s effective, it does scare people.”The origins of the climate culture war in the US lie in the early 1990s, when a new push for global climate action collided with big geopolitical change, McCright said. Lightning rod for right wing mediaConservative media has played an outsized role in fueling culture war narratives, according to experts. Fox has “been laying the groundwork necessary for positioning climate policies as a culture war issue for a long time,” she said.

Persons: —, stoked, ”, Miranda Schreurs, Anger, Green, Kristin Brinker, Jörg, Stephan Lewandowsky, Rishi Sunak, “, ” Sunak, Vox, Ron DeSantis, ” DeSantis, Aaron McCright, McCright, ” McCright, ’, Brandon Bell, Lewandowsky, “ you’d, ” Alec Tyson, Alexandria Ocasio, Cortez, Sen, Ed Markey, Allison Fisher, Fisher, Fox, didn’t, Ed Matthew, Matthew said, Jennie King, ” King, Germany —, Matthew of E3G, ” Schreurs, “ it’s Organizations: CNN, Green Party, Technical University of Munich, University of Bristol, British, Justice, Florida Gov, Republican, Michigan State University, Oil, Republicans, Pew Research, Pew, Conservative, Massachusetts, Green, Deal, Fox, Media, Institute for Strategic Locations: Germany, Charlottenburg, Berlin, Europe, United States, West Texas, Florida, American, Kyoto, Soviet Union, Federal, Midland , Texas, Alexandria, Cortez of New York

☆ Rachel Zegler’s dress nods to this famous ‘Hunger Games’ moment
▼ + stars: | 2023-11-06 | by ( Manav Tanneeru | Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —“West Side Story” breakout Rachel Zegler is set to join the blockbuster “Hunger Games” franchise with the release of prequel “The Ballad of Songbirds and Snakes” on November 17. Fans have compared Zegler's dress with another key "Hunger Games" moment. Jorg Carstensen/dpa/APFans were quick to compare Zegler’s look with another famous “Hunger Games” frock. Jennifer Lawrence as Katniss Everdeen in "The Hunger Games: Catching Fire" (2013). From left: Tom Blyth, Rachel Zegler, Hunter Schafer and Josh Andres Rivera attend the premiere of "The Hunger Games: The Ballad of Songbirds & Snakes" in Berlin.

Persons: CNN —, Rachel Zegler, Zegler, Lucy Gray Baird, Katniss, Alexander McQueen, Jorg Carstensen, Suzanne Collins ’, Jennifer Lawrence, Katniss Everdeen, Sarah Slutsky, Tom Blyth, Hunter Schafer, Josh Andres Rivera, Gerald Matzka, Zegler’s, Schafer Organizations: CNN, AP, Lionsgate, Capitol Locations: Berlin

☆ Saudi Arabia and the UAE are battling to become the Middle East's economic superpower
▼ + stars: | 2023-09-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +11 min

Saudi Arabia's crown prince is shaking up his economy in a move escalating its UAE rivalry. In March, Saudi Arabia unveiled Riyadh Air , a new airline serving as an alternative to the UAE's Emirates and Etihad Airways. If you want to do business with Saudi Arabia or Saudi state-owned entities, you've got to base your regional HQ in Saudi Arabia." "Saudi Arabia sees the separation project in Yemen as a way to let the Houthis control the north and therefore have a more-threatening border at the south of Saudi Arabia." Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERSHow far the rivalry between the two nations goes largely depends on Saudi Arabia's actions.

Persons: Saudi Arabia's, Mohammed bin Salman, Sheikh Mohamed bin Zayed Al Nahyan, MBZ, Obama, You've, Kristian Ulrichsen, Rice, Sheikh Mohamed, Prince Mohammed, Sheikh Mohamed —, —, Leon Neal, Shaybah, Ulrichsen, Sheikh Zayed, Sultan Al Nahyan, Abu, Prince Mohammed bin Salman, Neom, Abishur Prakash, Jorg Greuel, Abdullah Alaoudh, Prakash, you've, Saudi Crown Prince Mohammed, Ludovic Marin, Mohammed's, Jamal Khashoggi, Biden, Baker Institute's Ulrichsen, Alaoudh, wouldn't Organizations: United Arab Emirates, UAE, Service, Baker Institute, Saudi, UAE —, Qatar, Dubai, United, Freedom Initiative, UAE's Emirates, Etihad Airways, Saudi Public Investment Fund, Newcastle United FC, English Premier League, Manchester City, Saudi Crown, Getty, Ritz Carlton, Saudi Royal Court, REUTERS, Saudi Aramco, United Nations Locations: Saudi, Wall, Silicon, Saudi Arabia, East, Washington, London, UAE, Persian, Al Ain, British, Qatar, Abu Dhabi, United Arab, Riyadh, Manchester City . Saudi Arabia, New Delhi, Istanbul, Yemen, Iran, Saudi Arabia's, Bandar, Ukraine

CNN —As Germany’s far-right Alternative for Germany (AfD) grows ever popular, the country’s once dominant Christian Democratic Union (CDU) party finds itself at a crossroads. The center-right CDU was in power for much of Germany’s post-war era and oversaw the reunification of East and West Germany. Max Schwarz/ReutersBerlin’s CDU mayor, Kai Wegner, took to X to write: “What cooperation is there to be had? Populist parties as ‘lightning rods’The CDU’s Michael Kretschmer, state premier of Saxony, believes a shift in policy is the best approach for democratic parties to stop the rise of the far-right. Opinion polls in his state, one of the five that make up Germany’s former east, put the AfD in the lead; Saxony has long been a stronghold for the far-right party.

Persons: Angela Merkel, Friedrich Merz, shockwaves, Merz, Merz backpedaled, ”, Robert Sesselmann, Max Schwarz, Kai Wegner, Jörg, “, ” “, Kühne, ” Tino Chrupalla, John MacDougall, Merkel, it’s, sadi, Michael Kretschmer, Kretschmer Organizations: CNN, Christian Democratic Union, CDU, East, Social, Green Party and Free Democrats, ZDF, Reuters Berlin’s CDU, INSA, New, SPD, Greens, ARD, Bundestag, Getty, Federal Criminal Police, UN, UNHCR, “, Citizens Locations: Germany, West Germany, Sonneberg, Thuringia, Germany’s, Saxony, Leipzig, West, East Germany, East Germans, West Germans, Saxony Anhalt, Ukraine, Poland, Syria

☆ Watches of Switzerland shares plunge by a quarter after Rolex buys retailer Bucherer
▼ + stars: | 2023-08-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

A tray of Rolex watches are seen on a dealer's stand at the London Watch Show on March 19, 2022 in London, England. The Watches of Switzerland Group lost a quarter of its value on Friday morning, heading for the stock's worst day ever, after luxury watchmaker Rolex announced a deal to buy watch retailer Bucherer. Rolex said the acquisition for an undisclosed sum followed the decision of Bucherer owner Jorg Bucherer — the 86-year-old grandson of founder Carl Bucherer — to sell the business in the absence of any direct descendants to take the reins. In a subsequent statement on Friday, Watches of Switzerland attempted to soothe apparent market concerns that Bucherer, the world's largest luxury watch retailer, will seize more market share through its tie-up with the iconic brand. Watches of Switzerland insisted the acquisition was solely about succession planning for Bucherer and that Rolex — which is breaking with its modus operandi of acting solely as a manufacturer — is not making a "strategic move" into the retail market.

Persons: Jorg Bucherer —, Carl Bucherer — Organizations: London, Switzerland Group, Rolex Locations: London, England, Geneva, Switzerland

☆ Germany risks falling back into recession as car industry sputters
▼ + stars: | 2023-08-07 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London CNN —Industrial production in Europe’s biggest economy fell 1.5% in June compared with May, driven by a 3.5% drop in Germany’s vast automotive sector. The decline in German industrial output, much steeper than forecast by economists, raises the risk that the manufacturing heavyweight will contract again later this year, potentially falling back into recession. The construction sector, where output shrank by 2.8%, also had a negative impact on overall industrial production, the country’s statistics office said Monday. “German industry remains in rough waters,” Salomon Fiedler, economist at Berenberg, said in a note Monday, noting last year’s energy price shock and weakness in US and Chinese demand, among other factors. Berenberg expects Germany to fall back into “a mild recession” in the second half of this year, Fiedler added.

Persons: “, ” Franziska Palmas, Jörg Krämer, Hildegard Müller, ” Salomon Fiedler, Fiedler, — Mark Thompson, Anna Cooban Organizations: London CNN —, Capital Economics, Auto, German Automotive Industry Association, Volkswagen Locations: Germany, Europe, China, Russia, Ukraine, “

Fox Corp. , Disney , Warner Bros. Media executives' messaging to advertisers could center around value this year, particularly as companies continue to offer more content on their streaming services. Cost cuttingWhile media executives will try to convince advertisers to maximize their spending, they'll be pushing that narrative while making fewer shows. The logo of the streaming service Paramount+ on a logo wall at the Paramount+ launch event. Jörg Carstensen | Picture Alliance | Getty ImagesParamount, in particular, has seen a big reliance on franchises, especially for its Paramount+ streaming service.

"Since Xi Jinping took power in 2012, China has expanded the legal landscape for exit bans and increasingly used them, sometimes outside legal justification," the Safeguard Defenders report reads. Attention on the exit bans comes as China-U.S. tensions have risen over trade and security disputes. The Reuters analysis of records on exit bans, from China's Supreme Court database, shows an eight-fold increase in cases mentioning bans between 2016 and 2022. Most of the cases in the database referring to exit bans are civil, not criminal. Some activists say the wider use of exit bans reflects tighter security measures under President Xi.

☆ China protests 'vile' Taiwan visit by German minister
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +3 min

China views democratically governed Taiwan as its own territory and has ramped up military, political and economic pressure to assert those claims. The politically sensitive visit is taking place as Berlin is reviewing its previously close ties with China. In January, a visit to Taiwan by a delegation of high-ranking lawmakers from the liberal Free Democrats (FDP), the smallest party in Chancellor Olaf Scholz's three-way coalition, also led to protests from Beijing. "It is a great pleasure and honour for me to be the first minister heading a specialist government department to visit Taiwan in 26 years," she added. Given the sensitivity of the trip, Stark-Watzinger is not scheduled to meet Taiwan President Tsai Ing-wen.

☆ Mercedes-Benz begins building battery recycling factory in southern Germany
▼ + stars: | 2023-03-03 | by ( Industry Insight | Reuters Professional | Green Is The New Black As Fashion Sector Fast-Forwards On Sustainability Trend | ) www.reuters.com time to read: +1 min

Companies Mercedes Benz Group AG FollowFRANKFURT, March 3 (Reuters) - Mercedes-Benz (MBGn.DE) laid the foundation stone for a sustainable battery recycling factory in Kuppenheim, southern Germany on Friday. The pilot plant will have an annual capacity of 2500 tonnes and will contribute to the production of more than 50,000 battery modules for new electric Mercedes-Benz vehicles. Subject to talks with the public sector, the pilot factory will be completed a few months later. The Kuppenheim plant already runs a CO2-neutral operation with solar and green electricity. "We are sending an important signal of innovative strength in Baden-Württemberg and Germany for sustainable electromobility," said Jörg Burzer, management board member of Mercedes-Benz in production and supply chain management.

☆ Documentary 'On the Adamant' wins Berlin Film Festival's top award
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +1 min

[1/2] Nicolas Philibert poses for a photo with the Golden Bear for Best Film for "On the Adamant" at the 73rd Berlinale International Film Festival in Berlin, Germany, February 25, 2023. Jorg Carstensen/Pool via REUTERSBERLIN, Feb 25 (Reuters) - "On the Adamant," a documentary about a floating daycare centre in Paris for adults with mental disorders, won the Berlin Film Festival's Golden Bear award on Saturday. Accepting the Berlinale's top prize, director Nicolas Philibert said he was deeply touched by the jury's decision to award it to a documentary rather than a work of fiction. "That documentary can be considered cinema in its own right touches me deeply," he said. The festival's Silver Bear for best leading actor went to Sofia Otero, who plays an 8-year-old transgender child in "20,000 Species of Bees."

☆ Companies are eager to tackle issues like the climate crisis and sustainability but don't know how to start, execs say
▼ + stars: | 2023-01-27 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

Executives at the World Economic Forum told Insider issues like sustainability are a priority. But many companies are still looking for a place to start tackling problems like the climate crisis. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. The climate crisis, sustainability, and the energy transition were front of mind for many in Davos. Several of those who spoke with Insider highlighted the need for much-greater collaboration among companies — and a willingness to experiment.

☆ We spoke with more than 50 CEOs, billionaires, execs, and government officials in Davos. Here are our 4 biggest takeaways.
▼ + stars: | 2023-01-25 | by ( Matt Turner | Cadie Thompson | ) www.businessinsider.com time to read: +10 min

Insider's Matt Turner and Cadie Thompson share their biggest takeaways from the World Economic Forum. More than 1,500 business leaders descended on Davos in the Swiss Alps last week for the World Economic Forum's annual meeting. The week of Davos, Alphabet published an explainer on its approach to AI signed by execs including CEO Sundar Pichai. "With every technology, there is good and then there's bad," Rima Qureshi, Verizon's chief strategy officer, told Insider. Several of those who spoke with Insider highlighted the need for much-greater collaboration among companies — and a willingness to experiment.

☆ Huge trade partner and ‘systemic rival.’ Europe has a China problem
▼ + stars: | 2022-11-30 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

The Covid-19 pandemic, Russia’s invasion of Ukraine, and tit-for-tat sanctions between China and EU lawmakers have strained relations since. The total value of the goods trade between China and Europe hit €696 billion ($732 billion) last year, up by nearly a quarter from 2019. China was the third largest destination for EU goods exports, accounting for 10% of the total, according to Eurostat data. Even so, the United States may exert more pressure on Europe to pull away from China, Borges de Castro noted. EU investment into China has also become more concentrated.

☆ German home prices to fall 3.5% next year as buyers feel the pinch
▼ + stars: | 2022-11-21 | by ( Jonathan Cable | ) www.reuters.com time to read: +2 min

LONDON, Nov 21 (Reuters) - German house prices will fall 3.5% next year as the cost of living crisis and rising borrowing costs hits consumers, but the chances of an outright crash are low, according to a Reuters poll of property market experts. Average house prices in Germany will fall 3.5% in 2023 the Nov. 8-18 poll of 12 market watchers predicted, a sharp turnaround from the 0.5% increase predicted in an August poll. In 2024 they will fall 0.5% but then rise 1.0% in 2025. Still, the median response when asked how much prices would fall from peak to trough was 10.0%, with the steepest drop given as 17.5%. (For other stories from the Reuters quarterly housing market polls:)Reporting by Jonathan Cable; Polling by Sujith Pai and Aditi Verma; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ Sequoia-backed grocery startup Getir is close to buying its troubled rival Gorillas in a heavily discounted deal said to be worth less than $1 billion
▼ + stars: | 2022-11-11 | by ( Callum Burroughs | Shona Ghosh | ) www.businessinsider.com time to read: +4 min

Grocery-delivery startup Gorillas is set to be acquired by its major rival Getir, sources say. Gorillas' valuation is expected to collapse from $3 billion to less than $1 billion, with layoffs anticipated. Beleaguered grocery delivery startup Gorillas is set to be acquired by Turkish rival Getir in a cash-and-equity deal that is expected to close in the coming weeks and at a substantially lower valuation, Insider understands. Gorillas' investors and shareholders will be paid out in cash while others will be offered preferred stock in Getir, the people said. Most of Gorillas' senior management is expected to stay on with with Getir shares as part of their package.

☆ I'm an executive headhunter. Here are the 2 key elements I look for on your social-media profiles — and the things to avoid at all costs.
▼ + stars: | 2022-09-09 | by ( Jörg Kasten | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com time to read: +4 min

For Insider, he explains the ways to attract headhunters' attention on LinkedIn and other sites. More and more managers and executives have also started to discover the advantages of a strong social-media profile. What headhunters look for on social mediaTwo key things headhunters want to see are empathy and the ability to inspire people through actions and behavior. Used the right amount, endorsing other LinkedIn users' skill can underscore credibility in key areas of expertise. It's crucial that managers consider their audience and the potential effects of their online presence when posting anything.

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