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Spotify Said to Slow Down Hiring by 25 Percent as Global Economy Continues to Be Uncertain

Spotify Said to Slow Down Hiring by 25 Percent as Global Economy Continues to Be Uncertain

Spotify Technology SA Chief Executive Officer Daniel Ek informed the staff via email on Wednesday that the audio streaming company would reduce its hiring by 25 percent, according to a source familiar with the contents of the email. Ek said Spotify would continue hiring, though it would slow the pace “and be a bit more …

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Federal Reserve s Biggest Rate Hike Since 1994 Flags Slowing Economy

Federal Reserve s Biggest Rate Hike Since 1994 Flags Slowing Economy

The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing economy and rising unemployment in the months to come. The rate hike was the biggest announced by the U.S. central bank since 1994, and was delivered after recent …

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Pak Minister Asks Citizens To Drink Less Tea As Economy Faces Loan Burden: Report – World news

Pak Minister Asks Citizens To Drink Less Tea As Economy Faces Loan Burden: Report – World news

<!– –> “I appeal to the nation to cut down the consumption of tea by 1-2 cups,” the Pak minister said Cash-strapped Pakistan has urged its countrymen to cut down the consumption of tea to help reduce the import bill eating into the country’s fast depleting foreign exchange reserves. The appeal from Federal Minister for …

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Quebec tech companies warn new language law could hurt recruitment, damage economy – World news

Quebec tech companies warn new language law could hurt recruitment, damage economy – World news

The leaders of dozens of Quebec-based technology companies are warning Premier François Legault that the province’s new language law, known as Bill 96, will make it hard to recruit talent and threatens to do “enormous damage to the province’s economy.” Bill 96 was adopted last month and aims to strengthen Quebec’s language laws, with new and expanded rules for …

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Ease Of Living Will Unlock Indian Economy s Potential

Ease Of Living Will Unlock Indian Economy s Potential

Excerpts of a conversation with Arjun Yadav of BW Businessworld: The Economic Survey this year highlighted that we need to spend about $1.4 trillion on infrastructure by FY25 to achieve the $5-trillion target. Heading one of India’s premier infrastructure agencies, how do you see the prospects of the thrust on infrastructure to create jobs and …

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PM Gati Shakti To Help India Achieve 5 Trn Economy MoS Parkash

PM Gati Shakti To Help India Achieve 5 Trn Economy MoS Parkash

An infrastructure master plan will make a difference through an integrated approach by breaking the entrenched silos over six years, which has received a Rs 20,000 crore allocation in this year’s budget, MoS said Prime Minister Gati Shakti National Master Plan will help achieve India’s aim of a USD 5 trillion economy, said Som Parkash, …

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Govt Initiatives Since 2014 Helped Economy And People Afloat FM

Govt Initiatives Since 2014 Helped Economy And People Afloat FM

India’s fundamentals are once again sound because of the many steps like reducing the corporate tax, ensuring that the economy is greatly digitised and bringing in the GST and IBC taken by the government since 2014, said Union Minister Nirmala Sitharaman on Wednesday.  At Iconic Day celebrations of the Department of Economic Affairs with Securities …

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Fed GDP tracker shows the economy could be on the brink of a recession – World news

Fed GDP tracker shows the economy could be on the brink of a recession – World news

Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Monetary Policy and the State of the Economy, in Rayburn Building on Wednesday, March 2, 2022. Tom Williams | CQ-roll Call, Inc. | Getty Images A widely followed Federal Reserve gauge is indicating that the U.S. economy could be headed for …

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Musk feels ‘super bad’ about economy, needs to cut 10% of Tesla jobs – World news

Musk feels ‘super bad’ about economy, needs to cut 10% of Tesla jobs – World news

Breadcrumb Trail Links World Money News Author of the article: Publishing date: Jun 03, 2022  •  37 minutes ago  •  4 minute read  •  Join the conversation Elon Musk, founder of SpaceX, speaks during the Satellite 2020 at the Washington Convention Center in Washington, D.C., March 9, 2020. Photo by BRENDAN SMIALOWSKI / Files /AFP via …

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Elon Musk cuts one in ten jobs at Tesla after ‘super bad feeling’ about the economy – World news

Elon Musk cuts one in ten jobs at Tesla after ‘super bad feeling’ about the economy – World news

Elon Musk has ordered Tesla to cut 10pc of jobs worldwide after saying he has a “super bad feeling about the economy”. The electric car-maker’s chief executive also ordered an immediate hiring freeze in an email to staff sent on Thursday, which was seen by Reuters. Around 100,000 staff are employed by Tesla around the …

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