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Saudi Arabia says 'absolutely not' to oil phaseout at COP28
Saudi Arabia says 'absolutely not' to oil phaseout at COP28
by  AFP

Saudi Arabia's energy minister has slammed the door shut on agreeing to phase out fossil fuels at the UN's COP28 climate talks, setting the stage for difficult negotiations in Dubai. But Energy Minister Prince Abdulaziz bin Salman, a half-brother of de facto ruler Crown Prince Mohammed bin Salman, told Bloomberg that Saudi Arabia, the world's biggest oil exporter, would not agree.

Spotify cuts around 1,500 jobs as growth slows
Spotify cuts around 1,500 jobs as growth slows
by  AFP

Music streaming giant Spotify said Monday it would reduce its number of employees by around 17 percent in a bid to cut costs amid "dramatically" slower economic growth. Ek said the company now finds itself in a very different environment, noting that "economic growth has slowed dramatically and capital has become more expensive."

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