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What is your business about?

What is your business about?

  • Netflix scraps cheapest ad-free plan to boost ad-tier. The streaming giant www.businesspost.us/ is getting rid of its cheapest, $9.99 per month plan in the US, Canada, UK, Ireland, Netherlands, Australia, New Zealand, and Mexico. The move is designed to boost Netflix’s ad-supported tier, which is expected to launch later this year.
  • Call of Duty maker deal gets boost as deadline looms. A US watchdog has lost its latest bid to temporarily stop Microsoft’s $69 billion acquisition of Activision Blizzard. The Federal Trade Commission had argued that the deal would give Microsoft too much power in the video game industry. However, a federal judge has ruled that the FTC has not presented enough evidence to support its case.
  • Carbon-free flights promised ‘within two years’. A company called ZeroAvia is testing an aircraft engine that emits no CO2. The engine is powered by hydrogen fuel cells, and ZeroAvia says it will be commercially available in 2025.
  • Pakistan’s Indus Motor Company starts exports to Toyota Egypt. The company, which is a joint venture between Toyota and the Government of Pakistan, has begun exporting its vehicles to Egypt. This is the first time that Indus Motor Company has exported its vehicles to a country in Africa.
  • IMF Board scheduled to consider $3bn SBA today. The International Monetary Fund’s (IMF) Board is scheduled to consider a $3 billion loan to Pakistan today. The loan is part of a broader $6 billion bailout package that the IMF has agreed to give Pakistan.

These are just a few of the top business news headlines for today. For more news, please visit your favorite business news website or app.