ProSieben Supervisory Board Said to Oppose General Atlantic Deal
A majority of supervisory board members at the German broadcaster are concerned that the transaction would be too expensive, the people said, asking not to be identified because the information is private.
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Business Insider
2 hours ago
- Business Insider
Here are hottest jobs in tech, and the roles you should avoid
Tech job postings have plunged 35% since early 2020, with some roles seeing radically lower demand. The decline began post-pandemic and continued after ChatGPT's release in late 2022. AI and machine learning roles are in demand, while junior positions require more experience. Tech hiring has fallen dramatically in recent years, and certain jobs are no longer in demand, while other specific roles have surged. New tech hiring data from Indeed shows overall postings have plunged 35% from early 2020. Roughly half this decline happened during the post-pandemic sell-off, when tech companies realized they'd overhired. The other half happened after ChatGPT came out in late 2022. "While there isn't a smoking gun linking AI to the plunge, automation trends could be a reason the weakness persists," said Brendon Bernard, a senior economist at Indeed. "We're also seeing potential AI effects show up in the types of tech jobs still in demand, and rising experience requirements among the opportunities that remain." Demand for AI and machine learning roles is up, while listings for junior tech positions have dropped significantly. More job postings now require 5+ years of experience. Here's what hot, and what's not, in tech jobs over the past five years or so: I often think that the most boring technology ends up being the most profitable. So it may not be surprising to see an SAP job at the top of the table on the right here. No disrespect to SAP. Shares of the German enterprise software giant have more than tripled since late 2022.
CNBC
12 hours ago
- CNBC
European stocks set to extend gains as world awaits Trump-Putin meeting
After three consecutive days of gains, the pan-European Stoxx 50 looks set to rise again today, with futures tied to the index last seen trading 0.6% higher. Those tied to the German DAX, France's CAC 40 and London's FTSE 100 are also all up by around 0.6%. Market participants will be watching news out of the highly anticipated meeting between U.S. President Donald Trump and his Russian counterpart Vladimir Putin, with hopes building that a resolution on the war in Ukraine can be reached. — Chloe Taylor A woman stands inside a store of Danish international jewellery company Pandora in Copenhagen, Denmark. Ida Marie Odgaard | Afp | Getty Images Danish jewelry brand Pandora on Friday posted a slightly weaker-than-expected rise in second-quarter sales and maintained its full-year outlook despite flagging continued weakness in China. Revenues rose 8% on an organic basis to 7.08 billion Danish kroner ($1.10 billion) in the three-month period, just shy of the 7.12 billion Danish kroner forecast by LSEG analysts. China recorded the largest decline in organic sales, down 15%, while the U.S. accelerated 12%. Pandora said performance in China "continues to be challenged" and announced an anticipated doubling of store closures in the country to 100 this year. The company nevertheless reiterated its full-year forecast for organic sales growth of 7% to 8% and an operating profit margin of at least 24%, including the impact of U.S. tariffs. — Karen Gilchrist
CNBC
14 hours ago
- CNBC
Germany's Merz strikes sharp tone with Europe as he cozies up to Trump
German Chancellor Friedrich Merz is looking to redefine Germany's voice in Europe and build a relationship with U.S. President Donald Trump — who many of Merz's European colleagues do not see eye to eye with. The historically EU-friendly Merz, a former member of the European Parliament, now has a long list of complaints about the bloc. This has included objections to an increase in the EU's new long-term budget that was proposed last month, as well as calling the bloc out for sluggishness and complex bureaucracy. Germany was also among the louder critics of the EU-U.S. trade agreement. Merz's sharp tone is noticeable — especially in comparison to his predecessor Olaf Scholz, who generally struck a more mellow approach. But it does not necessarily mean that the German Chancellor's overall position on Europe has changed, Jörn Fleck, senior director at the Europe Center at the Atlantic Council, told CNBC. "Merz's political vita is a pro-European one, and that hasn't changed. But Merz's pro-EU politics have always been informed by and in creative tension with his traditional conservative values — a fiscal, small government, big on security conservatism," he said. The chancellor's jabs towards the EU reflect this political tension, as well as the domestic political issues Merz is battling with, Fleck said. The German leader's grievances, particularly with EU red tape, often echoes domestic voter sentiment. It's Merz' way of being sensitive to industry leaders who are advocating for less Brussels-bureaucracy, according to Sudha David-Wilp, vice president of external relations and senior fellow at The German Marshall Fund of the United States. In July, Merz told reporters during a press conference that the EU had become "too regulation-intensive" and at times "too slow to react," according to a CNBC translation. His tone will also be informed by his electorate which is "not fundamentally critical of Europe but is nevertheless conservative," said Henning Vöpel, CEO of the Centres for European Policy Network. A new German style? Merz is likely also trying to establish a "new" German tone and tweak the country's position within the EU, experts told CNBC. "After the last German government, which often abstained on important European policy issues - often referred to as the 'German vote' - he wants to claim a new leadership role for Germany and therefore take a more brisk and critical stance," Vöpel said. The Atlantic Council's Fleck shared a similar view, saying Merz is under pressure to stand his ground in instances where EU issues like fiscal plans could impact German domestic politics or become a risk to his agenda at home. "Beyond that, Merz promised a new clarity when it comes to communicating Germany's positions in Europe," he added. "For most, that clarity will be a welcome change of tone." However, while Berlin is now coming to Brussels with a new communication style, Germany's view on the bloc has not fundamentally changed according to Fleck. "His statements, the makeup of his new team, and the reportedly close dialogue with Commission President Ursula von der Leyen hardly suggest a major shift," he said. German-U.S. relationship building The sharper tone may also be serving a transatlantic purpose, according to Vöpel. "By adopting a critical tone towards the EU, Merz can appease Trump, who sees the EU as an attack on the USA," he said. Merz and Trump appear to be building a solid relationship, setting the German Chancellor apart from many of his counterparts in the EU which have not yet been able to do so. June's Merz-Trump meeting in the Oval Office was broadly seen as a quiet win for the German leader, and more recently he was one of the key instigators of U.S.-European talks ahead of Trump's meeting with Russian President Vladimir Putin. The German Marshall Fund's David-Wilp explained that "Merz is under no illusion that Germany and Europe need the United States, because a smooth working relationship with the White House is important for the continent's stability and prosperity." Instead of looking nostalgically to the past, his priority is to continue open communication and keep the transatlantic relationship constructive, she said. Importantly, Merz also does not appear to see any conflicts or trade-offs in his pro-EU and pro-Atlanticist positions, Fleck added. "Merz seems to have found the right balance in standing his ground on priority issues and leveraging European coordination while not getting drawn into unnecessary rhetorical skirmishes with the US president," he said.
