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Author's articles
Spotify to cut some 600 staff as tech woes spread
Swedish music streaming giant Spotify said Monday it was cutting six percent of its roughly 10,000 employees in the latest cost-cutting announcement among technology companies. On Friday, Alphabet announced it would cut 12,000 positions, just a day after Microsoft announced a cut of 10,000.
French government refuses to back down on pension reform
France's government on Monday moved forward with a fiercely contested pensions reform plan that would raise the retirement age to 64, saying balancing the system's books must be top priority. Dussopt said the government would accept amendments that "improve the text without giving up on getting back to balancing the books by 2030, nor the fundamentals of the reform".
Chinese gamers bid sad farewell to 'World of Warcraft'
Chinese players of roleplaying epic "World of Warcraft" bade a sad farewell to the land of Azeroth on Monday, with the game set to go offline after a dispute between US developer Blizzard and local partner NetEase.
German antitrust watchdog opens probe into PayPal
Germany's antitrust watchdog said Monday it had launched an investigation into PayPal to examine whether the US online payment giant was using its dominance to restrict competition. New legislation in 2021 gave Germany's antitrust watchdog sweeping powers to take action against tech companies suspected of abusing their dominant market positions.
Macau ponders future even as tourists and gamblers return
Macau's streets were packed in the run-up to the Lunar New Year after pandemic controls were abruptly lifted but it is far from business as usual as the Chinese casino hub wrestles with questions about its future.
Asian markets mixed in holiday-hit trade
Asian markets were mixed in holiday-thinned trade Monday, while the dollar dropped as investors lowered their expectations for US interest rate hikes. Lower expectations for US interest rates weighed on the dollar against its major peers, while oil prices were also down after last week hitting its highest level since November.
Iran's Raisi pledges to tackle inflation
Iranian President Ebrahim Raisi on Sunday set the tackling of galloping inflation and currency devaluation as priorities for the 2023-2024 budget presented to parliament. "Transparency, improving people's livelihoods... controlling inflation and costs and supporting the stock market" are the budget priorities for the year starting on March 21, Raisi said.
Sudan's prized gum trees ward off drought but workers wither
A vast belt of trees vital for global production of fizzy drinks helps Sudanese farmers adapt to climate change, but in the harsh drylands many are reluctant to take up the trade. To harvest the amber-coloured resin, farmers must suffer the same climatic extremes as their trees.
Luxury sector impatient for return of Chinese tourists
The European luxury sector is welcoming the end of pandemic lockdowns in China, as the return of big-spending Chinese tourists could sustain further growth. That growth was supported by the wave of post-lockdown US tourists visiting Europe armed with a strong dollar, as well as Korean and Southeast Asian tourists.
AFP
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