The WNBA levied a $500,000 fine against the New York Liberty for their repeated use of charter flights over the back end of the season, an issue that has been at its boiling point for the past few years. It’s a league-record number that was reduced from $1 million and included the removal of Liberty executive Oliver Weisberg from the league’s executive committee, according to a Sports Illustrated report. The use of charter flights is a competitive advantage since not all franchise owners are… Source link

The Nasdaq and New York Stock Exchange have halted trading in US-listed Russian stocks, following the invasion of Ukraine and the West leveling harsh sanctions against Russia. Among them were a number of tech companies, including search engine and cloud company Yandex, as well as telco Mobile TeleSystems (MTS), and e-commerce platform Ozon Holdings. Russia has also ordered its own stock market to remain closed as its economy and currency plunged in value. … Source link

Sonos has long accused other tech giants of stealing its patents and technology, but in 2020, it actually sued Google for patent infringement. Sonos said that it had disclosed details about how its technology worked during negotiations to integrate Google’s voice assistant and that Google had copied the tech and then released cheaper products it subsidized with revenue from search advertising. Sonos recently won that lawsuit at the US International Trade Commission, which ruled that… Source link

Facebook parent Meta (FB) is taking on Russian propaganda by removing groups and users that share it on the company’s social networks. But that doesn’t mean Meta will ever be completely rid of it. “One of the fundamental truths of security is that the bad guys keep trying, and we know they’ll keep trying,” Nathaniel Gleicher, head of security policy at Meta, told Yahoo Finance on Monday. “The goal is to make them less and less effective.” On Monday, Meta announced that it knocked… Source link

Russian search engine Yandex is taking a beating from western companies as the country’s president, Vladimir Putin, continues to use its military in an attempt to overthrow the Ukrainian government.  The New York Stock Exchange halted trading of Yandex stock Monday on the Nasdaq, but not before shares fell 21% to $14.90 … Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, March 1, 2022 US may have the biggest piece on the geopolitical chess board There are multiple takeaways from a particularly intense week that saw Russia’s incursion into Ukraine prompt Western economies — in a rare and historic show of force and unity — put the financial squeeze on Moscow. But one in particular stands out. The… Source link

(Bloomberg) — Chinese power plants and steelmakers are looking for alternatives to Russian coal after some domestic banks suggested they avoid purchases due to the mounting sanctions being imposed on Moscow. Most Read from Bloomberg Some state-own firms were sent private client notes by the lenders advising them to halt buying Russian coal as tightening global restrictions could cause “unexpected damage” to China’s importers, according to people with knowledge of the matter who asked… Source link

FILE PHOTO: Facebook, Google and Twitter logos are seen in this combination photo from Reuters files. REUTERS/ Register now for FREE unlimited access to Reuters.com Register March 1 (Reuters) – Alphabet Inc’s (GOOGL.O) Google and Facebook owner Meta Platforms Inc (FB.O) are among internet companies facing possible punitive measures in Russia after failing to open local offices and take other measures required by a communications law. Russian legislation signed by President Vladimir Putin has… Source link

NIO delivered 6,131 vehicles in February 2022, increasing by 9.9% year-over-year NIO delivered 15,783 vehicles in 2022 in total, increasing by 23.3% year-over-year Cumulative deliveries of the ES8, ES6 and EC6 as of February 28, 2022 reached 182,853 SHANGHAI, China, March 01, 2022 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a leading company in the premium smart electric vehicle market, today announced its February 2022 delivery results. NIO delivered… Source link

Speaking out against Vladimir Putin as a Russian is a dangerous proposition. Thousands of protestors of the unprovoked Russian invasion of Ukraine have been detained across the country, some of them dragged to vans by police in riot gear. Long before the war, dozens of journalists were brutally beaten or killed across the course of years. So when Russian tennis player Anastasia Pavlyuchenkova spoke out against the “political motives” of the invasion on Monday, she did so with considerably more… Source link