Ek Economy

Britain's beleaguered Prime Minister Liz Truss vowed Wednesday not to cut public spending, once again defending last month's uncosted tax-slashing mini-budget that has sparked weeks of UK market turmoil.

Spotify Chief Executive Officer Daniel Ek has reportedly informed the staff via email that the company will reduce its hiring 25 percent. This is in line with the uncertainty in the global economy, which was talked about during an investor conference earlier this month.

Britain's beleaguered Prime Minister Liz Truss vowed Wednesday not to cut public spending, once again defending last month's uncosted tax-slashing mini-budget that has sparked weeks of UK market turmoil.

Spotify Chief Executive Officer Daniel Ek has reportedly informed the staff via email that the company will reduce its hiring 25 percent. This is in line with the uncertainty in the global economy, which was talked about during an investor conference earlier this month.