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Head of Russian Space Program Mysteriously Axed

Futurism

Russia's space chief Yuri Borisov has been replaced by former Roscosmos staffer and former deputy minister of transport Dmitry Bakanov, Ars Technica reports. The news comes less than three years after Dmitry Rogozin, Russia's former highly abrasive and unpredictable space head, was replaced by Borisov.

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Zambian card issuing startup Union54 raises $12M led by Tiger Global

TechCrunch

Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. The most popular card schemes globally are Union Pay, Visa, and Mastercard. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API.

Issue 137
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Apple and Google must allow developers to use other payment systems, new Korean law declares

The Verge

The law is an amendment to South Korea’s Telecommunications Business Act , and it could have a large impact on how Google’s Play Store and Apple’s App Store do business globally. Some in the US government have even proposed legislation similar to what was passed by South Korea. Neither company is happy about it.

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Daily Crunch: Citing ‘global market uncertainties,’ Sea flatlines Shopee India

TechCrunch

While the announcement follows India’s decision to ban Sea’s popular title “Free Fire” in the country last month, TechCrunch reports that the company is insisting the reason is “global market uncertainties.” The Shopee site was not even a year old. The company could face more fines if regulators don’t agree.

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Daily Crunch: Corporate management startup Ramp doubles its valuation to $8.1B with new financing

TechCrunch

Tech talent flees Russia : As the Russian invasion of Ukraine grinds along, technology companies of all sizes are trying to figure out how to handle their business operations and staff. Zomato wants to pull off 10-minute deliveries : The race to get consumers goods and food more quickly is a global competition. The TechCrunch Top 3.

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China restricts exports of high-performance drones in blow to DJI

TechNode

It comes after Beijing faces accusations from the US that China may supply Russia with military technology for its conflict against Ukraine, Reuters has reported. Context: DJI, with the lions share of the global consumer drone market at over 70%, suspended sales and after-sales services in Russia and Ukraine in April 2022.

China 52
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Daily Crunch: Peloton CEO to shareholders: ‘Turnarounds are hard work’

TechCrunch

Globally, sluggish wage growth and rising inflation have encouraged shoppers to defer payments on everything from groceries to durable goods. and some of its allies have decided to formally blame Russia for the Viasat cyberattack that took place in February. Venture backers are pouring cash into the blockchain to help it play catchup.

Work 90