Spotify joins layoff trend in tech

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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EU wants to keep Russia-Ukraine gas transit – Bloomberg

European Union officials are trying to negotiate the continued use of Ukraine’s natural gas transit infrastructure after its contract with Russia’s Gazprom expires at the end of the year, Bloomberg reported on Monday.

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Australia’s unemployment rate hits two-year high – data

Australia’s unemployment rate has risen to its highest level since early 2022, hitting 4.1% in January, the Australian Bureau of Statistics (ABS) reported on Thursday. The figure is slightly above the consensus expectation of 4%, an uptick from December’s reported 3.9%. The economy added 11,100 full-time jobs and shed 10,600 part-time jobs last month, according…

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