The Tech Brew: Recent Episodes
SaaS Industry
Tune in to the top Tech and SaaS news in a flash. Get the most important stories you need to know from The Tech Brew. Whether it’s the latest on the economy, news from the SaaS landscape, or funding alerts, stay in the know during your weekday commute.
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🇪🇺Senate Overwhelmingly Votes to Add Sweden and Finland to NATO
🇺🇦Ukraine Braces for Attack as Russian Troops Mass in South
🇺🇸Walmart Will Cut 200 Corporate Jobs
🇳🇱Amsterdam-based CarbonCancel has shut shop.
🧑💻Accenture acquires Amsterdam-based Sentia’s business in three countries
🛒Facebook is shutting down its live shopping feature on October 1
🎮PLAYSTUDIOS launches blockchain gaming division and $10M web3-focused fund
We'll be back with some more news to share with you at lightning speed⚡.
Here's a quick sneak-peek🧐:
🇪🇺Senate Overwhelmingly Votes to Add Sweden and Finland to NATO
🇺🇦Ukraine Braces for Attack as Russian Troops Mass in South
🇺🇸Walmart Will Cut 200 Corporate Jobs
🇳🇱Amsterdam-based CarbonCancel has shut shop.
🧑💻Accenture acquires Amsterdam-based Sentia’s business in three countries
🛒Facebook is shutting down its live shopping feature on October 1
🎮PLAYSTUDIOS launches blockchain gaming division and $10M web3-focused fund
We'll be back with some more news to share with you at lightning speed⚡.
Here's a quick sneak-peek🧐:
🇹🇼Pelosi Meets With Taiwan’s President
📈Robinhood lays off 23% of its staff, blaming the crypto meltdown and inflation.
💸Uber posts record revenue but lose nearly $2 billion on investments.
🇨🇳China slaps trade bans on Taiwan over Pelosi's visit
💰Y Combinator narrows the current cohort size by 40%, citing the downturn and funding environment
👩🏻💼Sheryl Sandberg is out at Meta, and Zuckerberg’s not looking for a new COO
🧑💻Tech company layoffs in Europe continue
🇮🇳Omnivore sells Eruvaka Naturals to Nutreco, delivering the largest exit in Indian agritech
We'll be back with some more news to share with you at lightning speed⚡.
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🇺🇸U.S. Warns China Not to Turn Pelosi’s Expected Trip to Taiwan Into a ‘Crisis’
🍎Pixar Animation Studios’s Ousted Founder Returns With Apple and ‘Luck’
🇸🇬Zoom still hiring in Singapore as growth continues post-pandemic
🇨🇳The recently passed Chips and Science Act is designed to weaken China's chipmaking capabilities
📈Chinese leaders say 5.5% GDP growth goal is guidance, not a hard target
🧑💻US watchdog in bid to stop tech monopolies of the future
🇮🇳Indian IT companies sharpen focus on green goals as ESG holds key to winning deals
We'll be back with some more news to share with you at lightning speed⚡.
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🌎As Latin America Shifts Left, Leaders Face a Short Honeymoon
🇺🇦As Ukraine Orders Civilians to Evacuate the East, Residents Face a Grim Choice
🇬🇧British PM candidate Sunak vows 20% income tax cut in 7 years
💰Low-code software development platform Genesis Global bags €19.5M
🇨🇳China Has Leapfrogged the U.S. in Key Technologies.
📺Instagram rolls back some product changes after user backlash.
We'll be back with some more news to share with you at lightning speed⚡.
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🇺🇸U.S. Economy Shows Another Decline, Fanning Recession Fears
🧑💻Big Tech Is Proving Resilient as the Economy Cools
📈Apple Continues to Grow, but Profits Drop as Costs Rise
💰Metaverse startup Condense raises $4.5m seed to bring sports and music live streaming into the gaming world
🥷Airline Booking Services scams intensify
📺YouTube’s new tool lets creators turn their videos into Shorts
🚶Career Karma conducts layoffs as tech jobs face a massive stress test
We'll be back with some more news to share with you at lightning speed⚡.
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🇨🇳The US Senate Passed $280 Billion Industrial Policy Bill to Counter China
🇺🇸The US Federal Reserve Makes Another Supersized Rate Increase to Tame Inflation
🧑💻F.T.C. Sues to Block Meta’s Virtual Reality Deal as It Confronts Big Tech
💸Meta reports the first revenue decline and a 36 percent profit drop.
💰iGaming token, Crypto SNACK, secures €49.2M
🇩🇪Germany pledges to unlock a €30bn financial boost for its startups
🇮🇳T-Hub Partners with Swiss Re GBS India to boost innovation in the Insurtech Sector
We'll be back with some more news to share with you at lightning speed⚡.
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🇺🇸U.S. Officials Grow More Concerned About Potential Action by China on Taiwan
⛽Russia Cuts Gas Flow to Europe, Intensifying Fears It Is Weaponizing Fuel
📈Fed Prepares Another Rate Increase
💰China’s JAKA Robotics fueled by Saudi Arabia’s Prosperity7 Ventures in the global push
💸Crypto valuations may sink until September as VCs play a waiting game
🇬🇧Publicly backed UK Innovation and Science Seed Fund (UKI2S)
We'll be back with some more news to share with you at lightning speed⚡.
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🇺🇦Ukraine launches a counter offensive in the south
👩⚖️Supreme Court Refuses for Now to Restore Biden Plan on Immigration Enforcement
🇨🇳China Fines DiDi $1.2 Billion as Tech Sector Pressures Persist.
🚨A Recession Alarm Is Ringing on Wall Street
🤖The robotics scene continues to be bullish, but layoffs are looming
🦄Unicorn French business bank Qonto announced its plans to buy out its German competitor Penta
💰Stockholm-based carbon accounting platform Normative.io bags €31M
We'll be back with some more news to share with you at lightning speed⚡.
It's #TechBrew ☕ time with Abraham at 🌟SaaS Industry🌟 - Get your quickest news📰 updates around tech and everything worth knowing!💡
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🇺🇦Russia Signals That It May Want a Bigger Chunk of Ukraine
🌡️Nearly a third of the U.S. faces excessive heat, with misery spreading to the coasts.
🇸🇦Twitter Worker Accused of Spying for Saudi Arabia Heads to Trial
💰Tesla Profit Falls in Second Quarter as Supply Chain Problems Hurt
🇳🇱Dutch startups and scaleups raised €1.27B in Q2 2022.
🚗Volkswagen AG’s CARIAD and STMicroelectronics to co-develop chip for software-defined vehicle
We'll be back with some more news to share with you at lightning speed⚡.
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🇪🇺Europe’s Heat Wave Shatters British Records and Drives Wildfires.
🇺🇦Intelligence Agencies Say Russia Election Threat Persists Amid the Ukraine War
💰Elon Musk and Twitter will go to trial over their $44 billion deal in October
🇨🇳China’s $1B fine on DiDi could end the mobility giant’s troubled year
🇷🇺Russia hits Google with $374m fine for allowing ‘prohibited’ Ukraine news
🇸🇬The metaverse seems to be gaining populatiry as Singapore might end up building a virtual dispute resolution platform on it.
We'll be back with some more news to share with you at lightning speed⚡.
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🇬🇧Extreme Heat Puts Life on Hold in Britain.
🇺🇸Covid Rises Across U.S.
💲The Dollar Is becoming Robust, Pushing Down the World currencies
💰Checkout.com's $40 billion valuation stack up since Klarna’s tumble
🇮🇳Indian Rupee falls past 80 against the dollar to hit a record low
🧑🏻💻Stagwell buys Apollo Program to boost first-party data
We'll be back with some more news to share with you at lightning speed⚡.
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🏦Global Central Banks Ramp Up Inflation Fight
🇬🇧Prime Minister Race in Britain Remains Unsettled in Wake of Johnson’s Downfall.
🇺🇸As Biden Reaches Out to Mideast Dictators, while His Eyes Are on China and Russia
📺Netflix, Still Reeling, Bets Big on ‘The Gray Man’
💰Carta, a San Francisco-based fintech startup, announced that it has acquired London-based VAUBAN.
🇮🇳In India airtel deploys India’s first private 5G network.
⚖️Finally, Elon Musk responds at Twitter’s Lawsuit Over the $44 Billion Deal.
We'll be back with some more news to share with you at lightning speed⚡.
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🇺🇲Democrats Face Deepening Peril as Republicans Seize on Inflation Fears
🇨🇳China’s Economic Growth Slows Sharply as Covid Policy Takes a Toll
🇺🇦Strikes on Civilians Deep in Ukraine Show Russia’s Lethal Reach
💸Stripe, the payments start-up, lowers its internal valuation by 28 percent.
⚖️Amazon Moves to End a Long-Running Antitrust Case in Europe
💰SYSTEMIQ Ltd. secures $70 million to fund early-stage climate tech founders
👥Facebook Testing Ways to Allow Users to Create 5 Profiles Tied to Single Account
We'll be back with some more news to share with you at lightning speed⚡.
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🇺🇲U.S. Accuses Russia of Hundreds of Thousands of Deportations
🇮🇱On Mideast trip, US President biden Reassures Israelis on Iran Nuclear Talks
💲Euro Falls to Equal the U.S. Dollar for the First Time in 20 Years
👩🏻💻Expert warns of the rising threat of cyber attacks on physical infrastructure
🚗Tesla loses top AI executive who led Autopilot vision team
📺Kids and teens now spend more time watching TikTok than YouTube, new data shows
🚐Arrival to slash costs, cut up to 30% of workforce to meet on EV van production target
We'll be back with some more news to share with you at lightning speed⚡.
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🇱🇰Sri Lanka’s President Rajapaksa Flees to the Maldives.
🇺🇦Ukraine’s Demands for More Weapons Clash With U.S. Concerns.
🇺🇲As BA.5 spreads, the White House warns that Covid is not over.
💰Twitter Sues Elon Musk After He Tries Backing Out of $44 Billion Deal.
🔋Advanced E.V. Batteries Move From Labs to Mass Production.
💸Fintech deals have officially retreated to pre-2021 levels.
👩🏻💻Cognizant buys out Linium a Cognizant Company, and Servian to mark 11 acquisitions in 12 months.
We'll be back with some more news to share with you at lightning speed⚡.
It's #TechBrew ☕ time with Ben at 🌟SaaS Industry🌟 - Get your quickest news📰 updates around tech and everything worth knowing! 💡
Here's a quick sneak-peek:
🎌The ruling coalition of Japan increased its majority in the upper house after the assassination of Shinzo Abe.
🇱🇰Protesters in Sri-Lanka to hold the presidential palace until the President, Gotabaya Rajapaksa, actually resigns.
🇺🇸Uber actively courted politicians to rework laws as it was expanding globally, according to documents leaked to the The Guardian. Emmanual Macron, was also involved.
⚖️Twitter has retained a prominent law firm as it prepares to fight Elon Musk over his decision to abandon a $44bn takeover of the social media company.
💰Tiger Global Management, plans to decelerate the pace of its investments in startups for two quarters.
We'll be back with some more news to share with you at lightning speed⚡.
🎌Shinzo Abe, Ex-Japanese Leader, Collapses And Confirmed Dead After Gunshot Is Heard.
🇬🇧Boris Johnson Quits Amid Latest Scandal, a Messy End to a Messy Tenure.
🇺🇦Russia Strikes in Donetsk.
🙍🏻Twitter laid off 30% of its talent acquisition team today.
🇨🇳China has lamented India's probes after the recent vivo raid.
👩🏻💻The United Kingdom inks data sharing agreement with South Korea.
🏪Microsoft is set to introduce some new changes to its Store policies.
We'll be back with some more news to share with you at lightning speed⚡.
US Fed Moves Toward Another Big Rate Increase as Inflation Lingers, officials are likely to stay on an aggressive path even as signs of economic cooling emerge.
Global oil prices dip below $100. The global benchmark for oil dropped below $100 a barrel on Wednesday for the first time since late April as fears of a looming recession spread among traders.
China Offers Women Perks for Having Babies. Beijing is giving incentives to stem a demographic crisis, but its control over childbirth and its suppression of women’s rights are making it difficult for some aspiring parents to start a family. Single moms don't qualify .
Start-Up Funding Falls the Most It Has Since 2019. The figures released by PitchBook, which tracks young companies, reveals that for the first time in three years, start-up funding is dropping. Investments in U.S. tech start-ups plunged 23 percent over the last three months, to $62.3 billion. This is the steepest fall since 2019.
Amazon agrees to take stake in Just Eat Takeaway’s Grubhub. The Amsterdam-based online food delivery marketplace, announced that it has entered into a commercial agreement with Amazon in the United States. Amazon has agreed to take a 2 per cent stake in the Grubhub’s shares, which is struggling in the US.
UK Prime Minister Boris Johnson’s premiership is on the brink as he is set to face questions from senior lawmakers on 6th July, after a slew of ministers quit the parliament questioning his ability to govern.
After weeks of intense shelling resulting in the Luhansk province being firmly in Russia’s grasp, they are now setting their sights on the next target.
As Covid-19 cases rise, Singapore Ministry of Health curbs hospital and residential care home visits for a month, in an effort to protect healthcare workers and the vulnerable, starting Thursday, July 7th.
Twitter sues the Indian government in an effort to push back against PM Modi seeking more control over online content on the social media platform.
Some big news from the Tech industry is that Meta, although having decided not to move forward with its crypto payments wallet, Novi, will not completely get rid of it but plans to repurpose it.
Meanwhile, Google is doing a little postponing of its own — with KakaoTalk updates on its Play Store, possibly because the messaging app has refused to remove its own payment links, much to Google’s dismay.
Singapore and the United States on Monday (June 27) launched a program that will help women in the tech industries to build international contacts and expand their business overseas through networking, mentoring sessions and workshops.
Massachusetts–based American Robotics announced its plans to acquire Airobotics as both companies play similar roles within the broader industrial drone space.
South Korean AI chip developer Rebellions has raised a $22.8 million (30 billion KRW) extension to its Series A financing from a strategic investor KT, one of the largest telecom companies in South Korea.
Gunshots rained down from a rooftop onto a Fourth of July parade in Highland Park, killing six and injuring dozens. Celebrations were called off across the region amid fears of more violence. A Man is in Custody After a Hunt for Gunman
In Russia, Arrests Are Spreading Quickly and Widely as Russians deemed insufficiently patriotic are being snatched up by security forces as the Kremlin tightens the noose. The message sent by these high-profile detentions: Nearly anyone is now punishable in Putin’s
Russia.
The US government has greenlit new vaccines to defend against the latest Omicron variants. But the shots won’t arrive until the fall, and cases are rising now. The question is will They Be Too Late?
After the latest monthly consumer data, some analysts expect a second straight quarter of decline in the U.S. gross domestic product. Analysts looked at it as a Sign of Economic Fragility.
Singapore-based MarketWolf has plans to introduce stock trading to first-time investors in more markets. The platform announced that it has raised $10 million in Series A funding led by Singaporean venture capital firm Jungle Ventures and Mumbai-based Dream Capital.
In India, Venture capital funding into startups dipped 37% in the second quarter of this year to $6.9 billion. Data sourced from research firm Venture Intelligence showed, that In the first quarter, overall investments into startups were $11 billion.
Intel has unveiled its new 12th-generation family of processors at the Intel Core Experience Event. According to the company, the new processors will ‘redefine multi-core architecture for the PCs with an all-new performance hybrid architecture’.
Indian IT giant TCS records best-ever Q3 in 9 years despite the pandemic. Tata Consultancy Services (TCS) reported 4.1% sequential growth in constant currency in the third quarter. This is its best performance in nine years in a seasonally weak quarter, as
demand from clients remained strong during the pandemic.
Three people were killed, and three others were critically hurt after a shooting at a Copenhagen mall. Those who died include a man in his 40s and two young people. While police said its too early to suggest a motive for the shooting at Denmark's largest shopping
center, A suspect is in custody.
In News from Ukraine, As City Falls, Ukraine’s Last Hope in Luhansk Falls With It Lysychansk managed to hold out for a week after its twin city, Sievierodonetsk was captured. But on Sunday, a pro-Russian flag flew there, as well.
Argentina’s Economy Minister Abruptly Quits, Exposing Rifts in Government Martin Guzmán had negotiated a deal to restructure $44 billion of the country’s debt. His departure threatens to destabilize an already shaken economy.
Tesla Sales Slow as the Pandemic Hobbles Production The decline in deliveries by the electric carmaker in the second quarter was the first drop since the beginning of 2020. The main culprit was factory shutdowns in China.
Mark Zuckerberg Prepares Meta Employees for a Tougher 2022 In an internal meeting this week, Mr. Zuckerberg said the tech giant was facing one of the “worst downturns we’ve seen in recent history.”
TikTok tells Republican senators how it plans to keep American data away from China. TikTok gave U.S. lawmakers more details in a letter on Thursday about how it plans to keep data about its American users separate from ByteDance, its Chinese parent company, aiming to combat concerns that the video app poses a national security risk.
Cohesity unveils new SaaS data isolation and recovery solution. Data management firm Cohesity has introduced FortKnox, a software as a service (SaaS) data isolation and recovery solution, adding to the company’s Data Management as a Service portfolio of offerings that run on Amazon Web Services (AWS).
Reports say that virtual real estate prices skyrocket as metaverse grows in popularity. According to a recent report by Chain analysis, prices of blockchain-based virtual real estate (VRE) have grown by 879 percent between September 2019 and March 2022. The study
noted that the spike could be attributed to the rising anticipation for the metaverse’s current and future utility.
Google will start erasing location data for abortion clinic visits. As concerns mount over the endless well of data that tech companies built an entire industry around, Google is taking at least one step to mitigate some potential harm related to location
tracking.
Despite the crypto ban, China’s tech talent rides the global web3 wave From offering crypto derivative products to making NFT games, Chinese web3 entrepreneurs’ footprint is far-reaching worldwide.
Ukraine drives Russian forces from Snake Island. In a setback for Moscow, Russian troops have withdrawn from the Black Sea island after repeated assaults, a move that possibly undermines their control over vital shipping lanes for grain.
On Friday In Hong Kong. Chinese president said that “Political power must be in the hands of patriots,”, as he installed John Lee, a former security official who led the crackdown on protests, as the city’s next leader.
America gets its first Black woman in the Supreme Court as Ketanji Brown Jackson is appointed as Supreme Court Justice. Her accession means that four women will simultaneously serve in the top court for the first time in its history.
Moving to Technology, Instagram is experimenting with converting video posts on its platform into Reels. “This is part of our efforts to simplify and improve the video experience on Instagram,” a company spokesperson said. The impact it will have on current Instagram
videos is unclear at the moment.
China’s tech giants promise speculation-free NFTs. The future of non-fungible tokens is getting more clarity in China as the country’s tech giants come together to formulate standards for the nascent industry, according to a TechCrunch report.
Cloud-based contact center market to grow by $27 billion. A Technavio report estimates the market to grow at a CAGR of 19.97% from 2021 to 2026. The rising adoption of cloud-based contact centers coupled with the increasing popularity of social, mobile, analytics, and cloud technologies will propel the growth, the report said.
In the United States Banning Abortion has become a growing Rift Over Enforcement
Liberal district attorneys are reluctant to bring criminal charges against abortion providers
As the West Confronts Russia and China, a More Muscular NATO Emerges.
It is a fundamental shift for the military alliance born in the Cold War and scrambling to respond to a newly reshaped world.
Amazon Restricts L.G.B.T.Q. Products in the United Arab Emirates including flags and books, where homosexuality is criminalized. The Emirati government gave Amazon until Friday to comply under the threat of penalties.
Y Combinator has announced Launch YC, a platform where people can sort accelerator startups by industry, batch, and launch date to discover new products. The famed accelerator, which has seeded the likes of Instacart, Coinbase, OpenSea, and Dropbox, invites users to vote for newly launched startups.
GetVantage offers revenue-based financing to India’s founders As Some SMEs don’t want to get equity funding, but also want to stay away from high-interest bank loans. The startup announced that it has raised $36 million led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund, along with returning investors Chiratae Ventures and Dream Incubator Japan.
In Block chain related News; Cryptocurrencies that were the talk of the season, till about last year, have seen a sudden fall on every matrix for the exchanges and trading volumes, value, and profitability,As a crypto winter sets in following a big drop in prices in the last few months.
In Finance news, the Indian Rupee is likely to depreciate on strong dollar elevated crude prices US$ INR is expected to trade in the range of 79.00 to 79.30.