Business news
Tidal Launches Free Tier, Steps Into User-Centric Payments
Tidal is launching a free tier in the U.S. and is introducing a user-centric payment model for its premium subscription offerings, the company announced Wednesday (Nov. 16). The moves mark the first major shifts under its new parent company Square, which acquired Tidal earlier this year for $302 million. The streaming service now has three tiers for listeners to choose from: Tidal Free, which gives U.S.-based listeners free access to Tidal’s 80 million song catalog; Tidal HiFi, which offers high-fidelity audio and offline listening with a new feature called My Activity that will provide daily listening insights for listeners for $9.99 a month; and Tidal HiFi Plus, a $19.99 a month subscription that includes immersive sound options like Dolby Atmos Music and Sony 360 Audio and Master Qualit...
European Union backs Ngozi Okonjo-Iweala for WTO role
The European Union has endorsed former Nigerian finance minister Ngozi Okonjo-Iweala as the next director-general of the World Trade Organisation, Bloomberg reported. The business news outlet cited anonymous officials familiar with the matter that all the 27 EU member countries agreed on Monday in Brussels to support Mrs. Okonjo-Iweala. Bloomberg also reported that the United States has decided to back Yoo Myung-hee, South Korea’s trade minister, for the role. The position has been fiercely contested amongst candidates of different countries since Roberto Azevedo resigned in August. Last month, Okonjo-Iweala and Myung-hee were selected as the last two candidates in the contest. The EU’s endorsement is seen as a significant boost for Okonjo-Iweala’s candidacy, with the final winner expected...
