The country’s program to slash interest rates sent prices to a 24-year high last year The UN expects inflation in Türkiye to fall to an average of 42.4% by the end of the year, much higher than the country’s own official projections, The World Economic Situation and Prospects report, published on Wednesday, says.

Swedish audio streaming company Spotify has announced plans for a round of layoffs that is expected to impact around 6% of its global workforce of some 10,000 employees. The company has thus become the latest in a slew of tech firms announcing job cuts aimed at cutting costs.

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