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Spherics, a UK-based carbon accounting platform for SMEs to understand and reduce their environmental impact, has been acquired by accounting giant Sage. Terms of the deal were not disclosed but it’s understood Spherics had raised £1.25m in equity financing from angel investors and £300,000 in grants. Spherics was a smaller startup playing in a similar […]

Carbon accounting platform acquired by Sage as ClimateTech heats up by Mike Butcher originally published on TechCrunch

Uber is scaling back its operations in Pakistan, the latest in a series of efforts from the ride-hailing firm as it looks to improve its financial performance. The company says its marquee app is ceasing operations in five of the six cities where Uber had launched and expanded to over the years. The eponymous service […]

Uber scales back in Pakistan by Manish Singh originally published on TechCrunch

Apple and Google said Wednesday they will roll out software updates to enable 5G support on their respective handsets in India, the world’s second-largest wireless market, just days after local bureaucrats began pushing the phonemakers to expedite their efforts. Reliance Jio and Airtel, India’s two largest carriers, have started to offer 5G services in select […]

Apple and Google to soon release 5G support software updates in India by Ivan Mehta originally published on TechCrunch

Noom, a health coaching platform valued at $3.7 billion last year, is laying off a portion of staff for the second time in a matter of months, TechCrunch has learned from sources. Noom has laid off 10% of its staff, or around 500 people, which is a reduction that mostly impacts its coaching team. It’s […]

Noom lays off more employees amid CFO departure by Natasha Mascarenhas originally published on TechCrunch

The stock prices of Uber, Lyft and DoorDash slid on Tuesday after the Department of Labor announced proposed changes to how workers should be classified. The prospective guidance is intended to “combat employee misclassification,” the federal agency said in a statement. Soon after, Uber’s share price dropped by more than 10% to $24.61, while Lyft’s […]

Federal gig worker proposal tanks Uber, Lyft and DoorDash stocks by Harri Weber originally published on TechCrunch

Apple’s 30% tech tax on developers has not just antagonized consumer tech giants like Epic Games and Spotify but is also turning web3 startups against it. Major NFT marketplaces OpenSea and Magic Eden noticeably only let users browse listings on their iPhone apps without enabling trading to avoid the steep fees. But doing so bars […]

This startup is building a web3-friendly app store for developers by Rita Liao originally published on TechCrunch

While it is possible to build a neobank that isn’t bone-grafted to the venture capital markets, it can be a very long road to get to that point.

The profit divide running through the neobanking sector by Alex Wilhelm originally published on TechCrunch