Spotify becomes latest tech giant to cut jobs, with 6% of workforce to be shed
The music streaming service follows Amazon, Microsoft and Google in announcing job cuts as the pandemic tech boom subsides
Business
Cryptocurrency’s faithful showing little anxiety after 2022 battering
A year’s worth of fiascos has done little to diminish the enthusiasm of true believers.
This Week: Tesla earns, GDP snapshot, consumer spending
Tesla reports its fourth-quarter results Wednesday.
Activist investor Elliott takes stake in Slack owner Salesforce
US investment group typically buys stakes in underperforming firms and seeks changes to way they are runThe US activist investor firm Elliott Investment Management has taken a multibillion-dollar stake in Salesforce, the business software company that …
UK offers £600m to support steel industry’s green transition
Jeremy Hunt expected to confirm help for British Steel and Tata to employ lower-emissions technologyThe companies running Britain’s four remaining steel blast furnaces have been offered £600m in government support to invest in lower-emissions technolog…
Liz Weston: How to create your retirement glide path
You may be familiar with the term “glide path” as it relates to investing.
EU plans more Iran sanctions; won’t list Revolutionary Guard
The European Union is set to impose sanctions on several more Iranian officials suspected of playing a role in the crackdown on protesters.
Twitter to launch ad-free subscription tier, Elon Musk says
Tesla boss hopes for rise in revenue after advertising downturn in wake of takeoverTwitter is planning an advertising-free version of its subscription product, as the company attempts to raise revenue and increase demand for its premium offering.Elon M…
Senior UK Conservatives under fire over tax, finances
U.K. Prime Minister Rishi Sunak has called an investigation into allegations the chairman of the governing Conservative Party settled a multimillion-dollar unpaid tax bill while he was in charge of the country’s Treasury.
Fuller’s pub chain issues profit warning, blaming rail strikes
Sales for Christmas and new year period are up on last year but down on pre-Covid tradingThe pub group Fuller, Smith & Turner has issued a profit warning, blaming months of train strikes for a £4m slump in sales including a plunge in festive season…