Spotify To Lay Off 17% Of Its Workforce
Spotify will lay off about 17% of its total workforce across the company, according to an internal email sent on Monday. The layoffs follow an earlier round of layoffs in…
Russia Set To Become Top LNG Producer In World
According to a new analysis released by Russian energy giant Gazprom, Russia is poised to become the third-largest producer of liquified natural gas (LNG) in the world. The biggest energy…
Spain Importing Record Quantities Of Russian LNG
On Friday, Spanish outlet El Mundo reported that Spain increased the amount of Russian natural gas it purchased in 2023, as the imports appear poised to hit a historic high…
Ronaldo Sued Over Binance NFT Endorsement
World famous soccer star Chritiano Ronaldo has found himself the subject of a class-action lawsuit in the US which is laying claim to damages in excess of $1 billion, as…
AstraZenica Links Up With Absci To Use AI To Find Cancer-Targeting Antibody
On Sunday, the Financial Times reported that AstraZenica, the Anglo-Swedish drugmaker, has linked up with US artificial intelligence (AI) biologics firm Absci, in a deal worth $247 million, which will…
Walmart To Scale Back Ad Spends On Social Media Platform X
On Friday, retail giant Walmart announced that it would be scaling back its advertising on X, the company formerly known as Twitter, noting in its statement, “we’ve found some other platforms…
Evergrande Restructuring Depends On Monday Court Hearing
This Monday a Hong Kong Court will convene proceedings to examine the plans for restructuring the troubled Chinese property developer Evergrande to deal with the real estate giant’s $300 billion…
World Bank To Shift More Lending To Climate
On Friday, World Bank President Ajay Banga said the Bank intends to increase the amount it will lend to climate-related projects, from its current target of 35% of its annual…
Yandex Expands Delivery Robots Operations
Russian Technology giant Yandex has announced it will be doubling its fleet of delivery robots in 2024 to 260 units, and it will begin renting their services to other firms.…
Brazil To Join OPEC+
Brazil is preparing for its entrance into the OPEC+ group of oil-producing countries in January of 2024, according to Energy Minister Alexandre Silveira, who spoke on Thursday. OPEC+, led by…
