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Recession Signal As Consumers Struggle To Pay Bills
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China To Accelerate The Construction Of Coal-Fired Power Plants
China expects to add 70 gigawatts (GW) of coal-fired power generation this year, up from 40 GW of capacity from coal installed in 2022, a report from the power sector’s group, China Electricity Council, showed.
The coal additions, however, will not be the biggest capacity increases in China in 2023, per the report quoted by Bloomberg.
Jan 23, 2023 / Brian Bushard
2023 Layoffs: Spotify Slashes 6% Of Jobs In Latest Tech Onslaught
Music streaming giant Spotify will lay off about 6% of its workforce, Daniel Ek, the billionaire CEO of the Stockholm-based company announced Monday, becoming the latest company to dramatically reduce headcount as fears of a looming recession continue into the new year.
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