Tag: India

BusinessSoftware

Apple’s 30% App Store Fee in India Faces Antitrust Challenge from Match Group

Tinder owner Match Group has told Indian antitrust authorities that Apple’s 30% App Store commission threatens to constrain its revenue and expansion in the country’s booming dating app market. The submission comes amid a prolonged legal battle over Apple’s alleged anti-competitive practices in India.

Apple’s App Store Fees Under Scrutiny in India

Match Group, the parent company of popular dating app Tinder, has reportedly warned that Apple’s commission fees of up to 30% could significantly hamper its growth prospects in India’s rapidly expanding dating market. According to documents reviewed by Reuters, the company submitted these concerns to India’s Competition Commission (CCI) as part of an ongoing antitrust investigation.

by Natalie Brooks
EconomyPolicy

UK Government Attributes Economic Strain to Brexit Terms in Global Forums

The UK government has reportedly shifted its public stance on Brexit’s economic consequences, with ministers now openly discussing trade-related productivity downgrades. This change comes as the Chancellor prepares for November’s budget amid calls for fiscal adjustments.

Government’s New Stance on Brexit Economic Impact

The UK Chancellor has reportedly attributed long-term economic damage to the current Brexit deal in high-level international discussions, according to sources familiar with the matter. This represents a notable departure from the previous reluctance to emphasize Brexit’s economic downsides, with ministers becoming increasingly vocal about these concerns since last month’s conference.

by Natalie Brooks