Spotify to announce layoffs as soon as this week: Bloomberg
Swedish audio streaming giant reportedly planning job cuts after recent layoffs at Apple, Google, Microsoft and Amazon.
Category Archives: Economy
Google vows to cooperate with India watchdog after Android ruling
India's top court has upheld an antitrust order forcing the tech giant to change how it markets its Android platform.
Japan’s prices rise at fastest pace since 1981
Consumer prices in the world’s third-biggest economy rose by 4 percent in December.
Is globalisation dead? At Davos, that’s the big question
Leaders at the World Economic Forum are making the case for globalisation amid fears it is in decline.
‘Not an espionage case’: Chinese-born US academic avoids prison
Judge says case against former University of Kansas professor Feng 'Franklin' Tao had nothing to do with espionage.
North Korea pledges to revitalise economy after COVID ‘victory’
The secretive state claims 'remarkable successes' after upheaval caused by the COVID-19 pandemic.
Pacific Islands fear brain drain from Australia job scheme
While work schemes offer Pacific Islanders economic opportunities, critics say they exacerbate labour shortages at home.
Indonesian nickel smelter resumes productions after deadly riot
Police say operations at the facility in Central Sulawesi have resumed following clashes that left two workers dead.
Two workers killed after clashes at Indonesian nickel smelter
Police say an Indonesian and Chinese worker died following a labour protest at a smelter on Sulawesi island.
China’s imports, exports plunge in warning sign for economy
Exports shrink 9.9 percent year-on-year in December, while imports decline 8.7 percent.
US states Wisconsin, North Carolina unveil TikTok bans
Moves come after US President Joe Biden signed law banning federal employees from using the app on government devices.
ExxonMobil predicted climate change while downplaying risk: Study
Texas, US-based company’s own scientists accurately predicted global warming as far back as the 1970s, study says.
IMF chief sees 2023 global growth forecast holding steady
IMF Managing Director Kristalina Georgieva says 2023 to be another "tough year" for the global economy.
Australia’s battered tourism puts hope in China’s reopening
Tourism-reliant businesses are hopeful the return of Chinese visitors will revive the sector from the pandemic slump.
China may ease ‘three red lines’ property rules: Bloomberg
Strict lending rules were introduced in 2020 to tackle property developers' unbridled borrowing.
Samsung says it expects lowest quarterly profit in 8 years
South Korean tech giant blames weak demand for memory chips for sharp decline in profits.
Sick of the grind, China’s well-off seek slower pace in Thailand
Chinese social media is abuzz with the benefits of moving to the Southeast Asian country after years of COVID curbs.
US waged war on China’s chips; S Korea, Taiwan felt the fallout
Washington's bid for self-sufficiency in semiconductors is complicating relations with its tech-savvy partners in Asia.
Ex-GE worker jailed for plotting to steal trade secrets for China
New York man had been convicted of conspiracy to commit economic espionage following a four-week trial in March.
Bahamas regulator rejects FTX’s claims about seized assets’ value
Securities Commission of the Bahamas says debtors of the bankrupt cryptocurrency exchange had 'incomplete information.'