Business and Economy

Business and Economy Latest News

Spotify sued over alleged unpaid royalties
Spotify sued over alleged unpaid royalties
by  AFP

Music streaming giant Spotify has been sued in a US federal court for allegedly underpaying songwriters, composers and publishers by tens of millions of dollars. "If unchecked, the impact on Songwriters and Music Publishers of Spotify's unlawful underreporting could run into the hundreds of millions of dollars."

Higher US food prices lead to a shift in shopping habits
Higher US food prices lead to a shift in shopping habits
by  AFP

"I don't really shop for groceries as often as I used to," said Jasmine Reed, 32, outside a store in northern Virginia, as she explained the impact of higher food prices on her shopping habits. Outside a grocery store in Falls Church, Virginia, on Friday, shoppers told AFP they had noticed an increase in the cost of everyday items in recent years -- causing some to change their buying habits.

Military spending pushes Russian economic growth up
Military spending pushes Russian economic growth up
by  AFP

Russia's economy grew 5.4 percent in the first quarter of 2024, official statistics published Friday showed, as President Vladimir Putin denied military spending on his Ukraine offensive was reaching unsustainable levels. On a state visit to China, Putin denied that Russia's vast military spending -- which he said had passed eight percent of GDP -- had hit unsustainable levels.

Energy

Money

Industry

Technology

Economy