We've kept you updated on the happenings\u00a0in the Indian startup ecosystem. With the week coming to a close, it\u2019s time to catch up on the important happenings in the tech and startup ecosystem around the world.\r\n\r\nTo start with, some good news \u2014 in a major boost to the global startup ecosystem, the UK Home Office has\u00a0announced new \u201cstartup visas" for entrepreneurs looking to enter the country.\r\n\r\nReplacing the existing guidelines of the Tier 1 (Graduate Entrepreneur) visa, which allows Indian and other non-EU graduates from UK universities with a \u201cgenuine and credible business idea\u201d to live and work in the country, the new startup visa will welcome not just graduate entrepreneurs but also other talented business founders.\r\n\r\nFor the startup visa, the applicant only needs to be endorsed by a university or an approved business sponsor.\r\n\r\nIn another boost to the startup ecosystem, South Korean multinational conglomerate Samsung is\u00a0launching its Samsung NEXT Q Fund,\u00a0targeted at seed and Series A deals for startups that are \u201csolving AI problems, as well as those using AI to solve computer science problems.\u201d\r\n\r\nThe fund invests via Samsung\u2019s $150 Mn US Next Fund, which was announced last year and is focused on early-stage companies in emerging tech verticals.\r\n\r\nMeanwhile,\u00a0American multinational computer software company Adobe\u00a0is enroute to becoming a decacorn. The expectation comes after the company announced its Q2 FY18 results, posting $2.2 Bn in revenue for the quarter, up by 24% Y-o-Y. \u00a0With this, the company has achieved an $8.8 Bn run rate, well within the reach of $10 Bn, which will make it a decacorn.\r\n\r\nIn Inc42\u2019s weekly rundown of international stories to educate and entertain you and keep you informed about the startup landscape across the globe, we bring you the important developments from the week gone by.\r\nEx-Uber CEO Travis Kalanick Invests In OpenDoor, SoftBank Also In Talks\r\nWith a heavy investment-based business model, house flipping startup OpenDoor has reportedly closed a $325 Mn funding round with investors such as Andreessen Horowitz and\u00a010100 Fund, the new investing vehicle of ex-Uber CEO Travis Kalanick. With this funding, OpenDoor plans to expand to 50 cities.\r\n\r\nAt the same time, OpenDoor is in discussions with SoftBank\u2019s Vision Fund for additional money that could arrive in the next few months. It is being suggested that SoftBank has been negotiating with the startup to try and find deal terms that appeal to it.\r\n\r\nJust a quick reminder: SoftBank recently invested in Uber.\r\nFacebook: Policy & Comms Head Steps Down, Crackdown On Ads By Ecommerce Scammers\r\nIn a major jolt for the social media giant, Facebook\u2019s policy and communications head, Elliot Schrage, is stepping down. Schrage, who has been with Facebook for 10 years, will stay on to help hire his replacement before transitioning to the role of an adviser to Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg.\r\n\r\nScharge has been criticised for the company\u2019s response to the Facebook and Cambridge Analytica privacy scandal.\r\n\r\nFacebook is also\u00a0getting strict with shopping sites and others that bait customers and deliver lower quality products than they advertised on the social network.\r\n\r\nFurther, from July 2, Facebook has mandated all advertisers to declare whether the contact information uploaded for ad targeting was collected with proper user consent by them, one of their partners, or both. Facebook users will be able to see this information if they opt to block future ads from that business.\r\nMicrosoft Explores Cashier-less Store Technology\r\nReady to take on ecommerce giant Amazon, Microsoft is developing a system to track what people place in their shopping carts and go cashier-less.\r\n\r\nAt present, Amazon Go stores utilise a complex network of sensors on shelves, cameras, and AI to track what people pick up and place in their shopping bag.\r\n\r\nTo this purpose, Microsoft has an internal team of 10 to 15 people, including a computer vision specialist hired from Amazon Go, working on retail store technologies within its Business AI group. It has also tested things like attaching cameras to shopping carts and enabling users to pay with smartphones in various ways.\r\n\r\nMicrosoft is also focusing on making payment technology affordable for retailers, who tend to have small margins to work with.\r\nMicrosoft To Boost Gaming With Acquisitions\r\nDuring an Xbox E3 press conference, Microsoft announced a series of studio acquisitions meant to bolster original gaming content from the company.\r\n\r\nNewly acquired Ninja Theory, Playground Games, Undead Labs, and Compulsion Games will add to Microsoft\u2019s considerable heft in first-party game development.\r\nAfter Ola, China\u2019s Didi Chuxing Enters Uber\u2019s Stronghold \u2014 Australia\r\nEven as Uber continues to fend off Indian rival Ola on its strong turf, Australia, there is a new entrant ready\u00a0in the cab aggregator space in Australia.\r\n\r\nChinese ride-hailing company Didi Chuxing will continue its international expansion in Melbourne from June 25 following a month-long trial period in Geelong. The operations will be run by a Didi subsidiary in Australia and the company plans to offer \u201ca series of welcome packages to both drivers and riders.\u201d\r\nTesla Lays Off 9% Workforce As Part Of Reorganisation\r\nAs part of a reorganisation, Elon Musk\u2019s Tesla has reportedly started laying off salaried employees. However, the company is not letting go\u00a0of any production associates as it is trying to ramp up its Model 3 production.\r\n\r\nElon Musk wrote an email to employees stating: \u201cWe made these decisions by evaluating the criticality of each position, whether certain jobs could be done more efficiently and productively, and by assessing the specific skills and abilities of each individual in the company. As you know, we are also continuing to flatten our management structure to help us communicate better, eliminate bureaucracy and move faster.\u201d\r\nUber\u2019s Chief Brand Officer Is Leaving\r\nBozoma Saint John, who joined Uber as its chief brand officer at a time when the cab aggregator was rocked by scandals, is leaving the company for entertainment company Endeavor. At Endeavor, Saint John will serve as the chief marketing officer.\r\nYahoo Fined $334K For 2014 Data Breach\r\nUK\u2019s data watchdog has just issued a $334K penalty on Yahoo for violations of the Data Protection Act 1998. Reportedly, the Information Commissioner\u2019s Office (ICO) carried out an investigation into over 515K affected UK accounts which the London-based Yahoo UK Services Ltd was responsible for as a data controller.\r\nElon Musk Plans Underground Ride From Chicago Airport To Downtown\r\nChicago has signed a deal with Elon Musk to go ahead with the plan of building a high-speed rail between O\u2019Hare and downtown Chicago.\r\n\r\nMusk has proposed a 16-passenger autonomous vehicle that can carry passengers at speeds up to 100 MPH through tunnels between the airport and downtown. Even though the final route of the new transit system is still being finalised, Musk estimates that these vehicles could transport passengers downtown in only 12 minutes, less than half of 30-40 minutes taxi ride, for just $20-$25.\r\nAmazon's Power Game: Seattle Govt Rolls Back Head Tax\r\nIn a major turnaround, the Seattle government rolled back the one-month-old "Head Tax\u201d, which mandated for-profit companies in the state that gross more than $20 Mn annually to pay $275 per employee. Seattle was expected to collect about $50 Mn, which would have addressed the homelessness situation in the state.\r\n\r\nSome on the city council have called \u201cbackroom betrayal\u201d a result of \u201cbullying" by Amazon, which has been continuously charging against the tax. I even suggested it might exit the state because of the tax. Amazon has 45K employees in the state.\r\nGoogle Shopping Gets New Features\r\nAs the\u00a0ecommerce industry grows by leaps and bounds, Google has introduced new features for Google Shopping, aimed at physical and local merchants to contribute to 90% of the sales.\r\n\r\nIt released 'See What\u2019s In Store', which will let physical stores provide a list of their inventory for free both in their Knowledge Panels as well as on Google Maps.\r\n\r\nOther features include a new competitive pricing feature, which will enable merchants to check prices of similar items sold by other retailers and boost advertising bids if they know they have a better deal at their own store.\r\n\r\nWatch this space for more news and happenings from around the tech and startup world!