Businesses today exist in a world of constant change; each day brings forth new challenges and opportunities to sharpen one’s knowledge about the industry. To navigate this ever-shifting terrain, staying informed about the latest business news is critical. In this article, we will be discussing the three must-read business news stories of the day that will keep you informed and inspired.
1. Microsoft, Google, and Other Tech Giants Criticize Apple’s App Store Policies
Apple has been under fire from tech giants such as Microsoft, Google, and Facebook regarding its App Store policies. These policies are restrictive, leading to developers and app owners paying exorbitant commissions on their earnings. Apple takes a 30% cut on all transactions made within an App Store app. The debate recently came into the limelight during the ongoing legal battle between Epic Games and Apple, where Epic Games is suing Apple over its App Store policies and monolithic commission structure. This legislation sees some more pushback, with Microsoft, Google, and others siding with Epic.
2. Small Businesses are Thriving in the Post-Pandemic Economy
COVID-19 has impacted businesses worldwide, yet new data has shown small businesses and entrepreneurs have survived the pandemic and are even thriving in some instances. The pandemic forced everyone to reassess their spending habits, driving consumer attention towards local and small businesses. The pandemic alone has reportedly pushed roughly 70,000 US businesses to move online to keep up with the shift towards digital channels, and experts say it is a trend that is not going away anytime soon.
3. Europe’s Biggest Low-Cost Airlines are Expected to Launch Billion-Dollar IPOs
European budget airlines Ryanair and Wizz Air are gearing up to launch initial public offerings (IPOs). Ryanair, based in Dublin, announced plans to sell up to $1.8 billion worth of shares in late May. Meanwhile, Hungary-based Wizz Air recently launched a €500m ($590m) bond to support its big fleet expansion plans. Both airlines aim to expand their fleets and destinations, taking advantage of the predicted boom in demand for air travel post-pandemic.
In conclusion, staying up-to-date with the latest business news is key to being an informed entrepreneur. Today’s three must-read news stories have shown that there are opportunities to be found in the midst of trying times, with small businesses and entrepreneurs thriving despite the pandemic and technology giants calling for a review of commission structures in app stores. Additionally, we see budget airlines such as Ryanair and Wizz Air investing in fleet expansion plans and IPOs, signalling their confidence in a prosperous future amidst the pandemic.
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