The Philippines races to defend its share of the ~$300B global business process outsourcing market, battling deteriorating talent, rising competition, and AI (Bloomberg)

Bloomberg:
The Philippines races to defend its share of the ~$300B global business process outsourcing market, battling deteriorating talent, rising competition, and AI  —  - Only one out of 10 outsourcing job applicants gets hired  — Growth in jobs added during pandemic fell below global trend

TikTok unveils Gimme the Mic, a music competition hosted on livestreams where the US winner receives 50K Diamonds, the USD conversion rate for which is unclear (Mia Sato/The Verge)

Mia Sato / The Verge:
TikTok unveils Gimme the Mic, a music competition hosted on livestreams where the US winner receives 50K Diamonds, the USD conversion rate for which is unclear  —  TikTok will host a music contest similar to popular talent shows like The Voice, the company announced today.

Toshiba announces a $14B tender offer to take the company private at $32/share led by Japan Industrial Partners, a buyout fund of Japanese banks and companies (Yuri Kageyama/Associated Press)

Yuri Kageyama / Associated Press:
Toshiba announces a $14B tender offer to take the company private at $32/share led by Japan Industrial Partners, a buyout fund of Japanese banks and companies  —  Toshiba announced a 2 trillion yen ($14 billion) tender offer on Monday in a move that would take it private …

Global ransomware attacks at an all-time high, India amongst the top ten most-hit countries

The US has seen a substantial increase in ransomware attacks, accounting for over 43% of reported incidents globally between June 2022 and June 2023, according to MalwareBytes. France, Germany and the UK also saw an increase, although not to the same extent. Hospitals, schools and government agencies have been targeted. Healthcare and educational institutions in the US were hit hardest. Meanwhile, India was one of the top ten countries to be targeted. The rise of the CL0P group, which exploits zero-day vulnerabilities, is a concerning development in cyber attacks and could lead to a shift towards vulnerability-focused attacks. https://ift.tt/gHflDkj

Germany's "Silicon Saxony", set to become the home of TSMC's European fab, may be undermined by a lack of local workers and rising anti-immigrant sentiment (Guy Chazan/Financial Times)

Guy Chazan / Financial Times:
Germany's “Silicon Saxony”, set to become the home of TSMC's European fab, may be undermined by a lack of local workers and rising anti-immigrant sentiment  —  Industry concerned rise of anti-immigration movements in state of Saxony will hinder efforts to attract foreign talent

After social media upended the fashion and beauty magazine industries, some women turn to Facebook Groups and Substack to find curated recommendations (Sapna Maheshwari/New York Times)

Sapna Maheshwari / New York Times:
After social media upended the fashion and beauty magazine industries, some women turn to Facebook Groups and Substack to find curated recommendations  —  People still want to know what to wear and what is actually worth buying — and they want to trust the person telling them.