Yearly Archives: 2021

Yahoo pulls out of China, citing ‘challenging’ environment | Business

By ZEN SOO Associated Press HONG KONG (AP) — Yahoo Inc. said Tuesday it has pulled out of China, citing an “increasingly challenging business and legal environment.” Chinese authorities maintain a firm grip on internet censorship in the country and require companies operating in China to censor content and keywords deemed politically sensitive or inappropriate. “In recognition of the increasingly challenging business and legal environment in China,… Source link

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‘We do need to back away from the coast,’ climate scientist warns

Sea levels will continue to rise over the next century as a result of climate change, and this could drastically alter the lives of the 127 million people in the U.S. who live in coastal areas. “We do need to back away from the coast,” Christian Braneon, a climate scientist at NASA’s Goddard Institute for Space Studies, said at Yahoo Finance’s All Markets Summit (video above). “And I think what we need to do is actually proactively set up areas with affordable housing before the real… Source link

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Yahoo pulls its services out of China

A Yahoo! logo is shown on a screen. (Photo by Ethan Miller/Getty Images) HONG KONG (AP) — Yahoo Inc. on Tuesday said it has pulled its services from China, citing an “increasingly challenging business and legal environment.” The company said in a statement that its services were no longer accessible from mainland China as of Nov. 1. “In recognition of the increasingly challenging business and legal environment in China,… Source link

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Stocks hover near breakeven as market awaits Fed; Tesla drops

Stocks hovered near the unchanged market on Tuesday after a record-setting session, with investors keeping their powder dry ahead of a closely-watched policy decision by the Federal Reserve. On Tuesday, blue chip shares rose modestly, but tech stocks dipped, weighed by a drop in Tesla (TSLA) after CEO Elon Musk downplayed the expected impact of a deal with car rental giant Hertz.  Each of the S&P 500, Dow and Nasdaq rallied to fresh highs on Monday as more corporate earnings results exceeded… Source link

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Yahoo leaves China for good, cites “challenging” environment

By Josh Horwitz, Brenda Goh SHANGHAI (Reuters) – Yahoo said it had stopped allowing its services to be accessible from mainland China “in recognition of the increasingly challenging business and legal environment”, the second Western tech brand to quit the country in recent weeks. FILE PHOTO: A Yahoo logo is pictured in front of a building in Rolle, Switzerland December 12, 2012. REUTERS/Denis Balibouse The company stopped providing content for users in mainland China as of Nov. 1,… Source link

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Russia Tech Giant Yandex Uses AI to Reward Safe Drivers With Insurance Discounts

Russian tech giant Yandex plans to reward responsible drivers on its car-sharing platform with cheaper insurance this year, it told Reuters, using machine learning in a pilot program similar to one already adopted by Tesla. Newly listed Renaissance Insurance has verified Yandex’s algorithms and the two companies will team up to offer car insurance discounts of up to 35% to the safest drivers using the Yandex.Drive app. Yandex did not disclose the terms of the deal, and Renaissance… Source link

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