The business world is a constantly evolving space, with new developments emerging throughout the week. To stay ahead, it’s important to stay informed and up-to-date with the latest news and trends. Here are the top 10 business news stories of the week:
1. Apple unveils new products
Apple is always the talk of the tech world, and this week was no different. The company announced new products, including the iPad Air and Apple Watch Series 6. Apple also revealed its new Fitness+ subscription service, which provides users with guided workouts.
2. TikTok seeks a US buyer
The popular video-sharing app, TikTok, has been under fire from the US government due to concerns over security and data privacy. President Trump has given the app until September 20th to find a US buyer or face a ban in the country.
3. Amazon plans to hire 100,000 employees
With the rise in online shopping due to the pandemic, Amazon is planning to hire 100,000 employees across the US and Canada. The positions will range from warehouse workers to tech jobs.
4. Microsoft acquires ZeniMax Media
Microsoft has acquired ZeniMax Media, the parent company of popular video game studios such as Bethesda and id Software. This move is seen as a major step for Microsoft’s gaming division and the future of Xbox.
5. United Airlines to layoff nearly 17,000 employees
The pandemic has greatly affected the airline industry, and United Airlines is no exception. The company is set to lay off nearly 17,000 employees, with most of the cuts coming from frontline workers such as pilots and flight attendants.
6. Coca-Cola to discontinue 200 drink brands
In an effort to streamline its operations and focus on its most popular products, Coca-Cola has announced plans to discontinue 200 of its drink brands. This includes regional brands and those that haven’t performed well in recent years.
7. Tesla’s Battery Day event disappoints investors
Tesla’s highly-anticipated Battery Day event left some investors disappointed, as the company didn’t announce any significant breakthroughs in battery technology. However, CEO Elon Musk did share plans for the company’s future, including a more affordable electric car.
8. PayPal enters the cryptocurrency space
PayPal announced this week that it will allow users to buy, hold, and sell cryptocurrencies such as Bitcoin and Ethereum on its platform. This move is seen as a major step for mainstream adoption of cryptocurrencies.
9. McDonald’s introduces plant-based meat in Canada
Following the trend of plant-based alternatives, McDonald’s is now offering a Beyond Meat burger in its Canadian locations. This move is part of a larger effort by the company to reduce its carbon footprint and offer more sustainable options.
10. Google faces antitrust lawsuit
The Department of Justice has filed an antitrust lawsuit against Google, accusing the company of using its dominance in the search market to stifle competition and harm consumers. This could lead to major changes in the tech industry and how companies operate online.
In conclusion, staying informed about the latest news and trends in the business world is essential for success. These top 10 stories of the week showcase the diversity and constant evolution of the business landscape. From new product launches to major legal battles, there’s always something happening in this dynamic space.
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