A court in Russia has fined Alphabet Inc.’s Google $137,763 (11 million roubles) for failing to delete “fake” news produced by Ukrainian far-right groups on YouTube. Previously, Russia had warned the US company that it would punish it for “spreading… Read More ›
Strategy
Russia test launches new ICBM
In a statement the Pentagon said, Moscow had notified Washington of a test launch of its Sarmat intercontinental ballistic missile, saying, this was a routine test and not a threat to the United States. Russia has notified that it had… Read More ›
William Ackman’s Pershing Square Capital Management books $400M losses on Netflix
Billionaire activist investor William Ackman has liquidated a $1.1 billion bet on Netflix, and booked a loss of more than $400 million. The development comes at a time when the video streaming company reported a loss of subscribers for the… Read More ›
Musk’s Boring Company valued at $675 in Series C funding
In a statement The Boring Company said, it has raised $675 million in a Series C funding round, which valued the company at $5.675 billion. Elon Musk’s tunnelling company said, it will use the proceeds to ramp up hiring across… Read More ›
Russia probing cyber security vulnerabilities in critical infrastructure: CISA
Western governments have warned of potential cyber security threats by Russia against critical Western infrastructure as a response to sanctions imposed by them for its invasion of Ukraine. Cybersecurity agencies of the Britain, the United States, Australia, Canada and New… Read More ›
Boris Johnson to offer FTA, export opportunities during Indian visit
During his two visit to India, British Prime Minister Boris Johnson is set to offer New Delhi help to cut its reliance on Russian oil and defence equipment in a visit that will test his diplomatic skills and provide some… Read More ›
G7 finance ministers pledge 24 billion for 2022 and beyond to Ukraine
Finance ministers from the Group of 7 wealthy countries said, together they have pledged additional support to Ukraine in excess of $24 billion for 2022 and beyond; they also said, they were prepared to do more as and when required…. Read More ›
In March, ‘Panicked’ Russians Withdrew $9.8 Billion In Foreign Currency From Banks
Due to the severe financial western sanctions on Russia over its invasion of Ukraine, Russian families withdrew $9.8 billion in foreign currency from their accounts in March, while banks slashed new corporate lending by approximately one-third, according to the coutnry’s central bank. “The… Read More ›
Crypto Sector Is Being Held Back By Bitcoin’s ‘Tribalism,’ Says Ripple’s CEO
According to the CEO of blockchain firm Ripple, “tribalism” around bitcoin and other cryptocurrencies is dragging back the entire $2 trillion sector. “Polarization isn’t healthy in my judgement,” Ripple CEO Brad Garlinghouse said in a CNBC-hosted fireside chat at Paris… Read More ›
IMF Says Asian Growth Prospects Clouded By China’s Spiking Covid Cases, And Ukraine War
The International Monetary Fund said on Wednesday that rising Covid cases in China and the turmoil in Ukraine represent obstacles for Asia’s growth. “Asia is clearly facing headwinds, both from the war in Ukraine but also from the lingering effects of… Read More ›