2023 Layoffs: Spotify Slashes 6% Of Jobs In Latest Tech Onslaught

Private Credit Firesale Begins: World's Largest Asset Manager Gates Investors In $26 Billion Fund Three weeks ago, when the largest US Private Credit-focused asset manager Blue Owl, was faced with a flood of redemptions due to its outsized exposure to software loans (which are very rapidly being repriced to zero thanks to the disruption from AI), the firm opted against reinstating quarterly redemptions on a retail fund and decided to return investor capital through assets sales instead (effectively also freezing the money in it and gating investors ) announcing a massive...

Fico Threatens To Cut Ukraine's Emergency Power As Russian Oil Transit Fight Escalates Slovakia's populist Prime Minister and pro-Trump ally Robert Fico has drawn an unexpectedly hard line in his country's ongoing energy showdown with Ukraine: restore Russian oil flows, or else a key emergency electricity lifeline for Ukraine gets pulled. In a weekend post on X, Fico warned that unless Ukraine resumes pumping Russian crude to Slovakia by Monday, Bratislava will cut off its emergency power exports. This is an immense threat given current frigid subzero temperatures in war-ravaged Ukraine. "If...

Some 850 people, including 107 children, have been killed and another 2,100 have been wounded as the Israeli invasion of Lebanon continues to escalate with no end in site, and Foreign Minister Gideon Sa’ar has publicly disavowed the idea of peace talks with the Lebanese government. Sa’ar insisted that the Lebanese government needs to immediate […]