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Spotify swings to profit as user numbers grow
Spotify swings to profit as user numbers grow
by  AFP

Music streaming giant Spotify on Tuesday said it registered 26 percent growth in active users for the third quarter as it reported a rare quarterly profit. The 26 percent growth in monthly active users compared to the third quarter a year earlier saw the total reach 574 million.

Eurozone business activity going from 'bad to worse'
Eurozone business activity going from 'bad to worse'
by  AFP

Eurozone business activity slumped at a faster pace in October, resulting in job losses, a closely watched Purchasing Managers' Index (PMI) survey put out by S&P Global showed Tuesday. "Companies cut employment as a result, representing the first drop in headcounts since the lockdowns of early 2021," S&P Global said in a statement giving the PMI survey result.

Mideast crisis and weak growth weigh on Asian markets
Mideast crisis and weak growth weigh on Asian markets
by  AFP

Asian markets recovered ground on Tuesday with traders weighed down by unpredictability over the ongoing crisis in the Middle East and key earnings and economic data releases expected later in the week. "The rise of the 10-year US bond yield and worries that the Middle East situation may deteriorate continued to weigh on the Tokyo market," Nomura Securities said.

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