Asian stocks were in the red on Tuesday as surging COVID-19 cases in China hit the confidence of investors who are already worried about the Ukraine war and the first U.S. interest rate rise in three years that could come this week. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.97%, led by pronounced […]
Russia
Deutsche Bank, which faced stinging criticism from some investors and politicians for its ongoing ties to Russia, said on Friday in a surprise move that it would wind down its business in the country. Deutsche joins the ranks of Goldman Sachs and JPMorgan Chase, which were the first major U.S. banks to exit after Moscow’s […]
The Indian parity markets are witnessing one of the biggest crashes in history as Russia launched an assault on Ukraine. As such, Indian markets, on Thursday, were wiping out $177 billions of investors’ money as Sensex plunged nearly 5 percent. Indian IT companies do not have significant operations in Ukraine; they have large centers in […]
Video-focused short video platform, TikTok, announced on Monday its latest alteration to its video length, with an update increasing the video length upload from three minutes to ten minutes, as it the platform enters a media battle with Russian state media in EU. The ByteDance owned company told Gizmodo in a statement that this alteration will deliver […]
Exxon Mobil likely will face new pressure to severe ties with Russia’s largest oil producer, said analysts, after rival BP agreed to unload a Rosneft stake. Russia’s attack on Ukraine has unleashed broad economic and political rebukes and corporate withdrawals by banks, technology and other firms unprecedented in their extent. BP on Sunday said it […]
Keeping up with the fast events regarding the Russian assault on Ukraine, new developments emerged related to cyber warfare currently taking place. Ukraine is recruiting a volunteer IT army composed of white hat hackers to launch attacks on a list of Russian entities. The list comprises 31 targets, including Russian critical infrastructure, government agencies, banks, […]
Continuing with the consequences of the Russian assault on Ukraine, the mobile industry and technology event Mobile World Congress (MWC) is back in Barcelona on February 28. However, there will be no Russian Pavilion at MWC 2022, and Russian tech firms will be excluded. The world’s most meaningful connectivity event anticipates over 1,800 exhibitors and […]
Alphabet Inc’s Google barred on Saturday Russia’s state-owned media outlet RT and other channels from receiving money for ads on their websites, apps and YouTube videos, similar to a move by Facebook after the invasion of Ukraine. Citing “extraordinary circumstances,” Google’s YouTube unit said it was “pausing a number of channels’ ability to monetize on […]
The sweeping restrictions imposed on Russia to block its access to global exports of goods from chips to computers and electronics are likely to accelerate China’s own push for self-reliance in the semiconductor industry, analysts said. Following Russia’s invasion of Ukraine on Thursday, Washington – as part of a package of measures – announced export […]
The fallout to the global aviation industry from Russia’s invasion of Ukraine is spreading beyond the airspace closings over the conflict zone as airlines, lessors and manufacturers face up to growing risks of doing business with Russia. Alaska’s Anchorage Airport, a popular refueling hub for long-haul flights when Western airlines were unable to access Russian […]