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The Russian market is off limits until at least 2023 due to the country’s invasion of Ukraine, says emerging markets investing legend Mark Mobius. “It will be impossible for a long time,” the founding partner of Mobius Capital Partners said on Yahoo Finance Live. Mobius earned his stripes building out the emerging markets investing team at giant money manager Franklin Templeton. Added Mobius, “I don’t see anybody who wants to be investing in Russian equities or debt for another year. I would… Source link

Hewlett Packard Enterprise CEO Antonio Neri wasted no time severing his business from Russia in light of the country’s invasion of Ukraine. The computing giant halted shipments to Russia 72 hours ago, Neri said on Yahoo Finance Live. “Obviously it is incredibly concerning this humanitarian situation and this what I call completely unacceptable set of events. We have to really think through this and put the humanity at the core and the business second,” Neri explained. To be sure, Neri — fresh… Source link

Google has announced that the page experience update for desktop is now done rolling out. This update started to roll out on February 22nd and now, 9-days later, it is now fully rolled out. Announcement. Here is Google’s announcement about the roll out of this update: The page experience rollout is now complete for desktop. — Google Search Central (@googlesearchc) March 3, 2022 Page experience update for desktop. This update will include all the current… Source link

The Biden administration’s sanction strategy hinges on levying severe sanctions on pretty much every facet of the Russian economy except energy. But that plan is getting more and more pushback in Washington, even from some members of Biden’s own party. Russia is the world’s second-largest producer of natural gas and third-largest producer of crude oil, And while the energy market has begun to impose a sort of ‘de facto ban,’ the sanctions were designed to try to minimize the impact on… Source link

(Bloomberg) — A Russian telecommunications company has paid a coupon due Thursday on dollar bonds, in a relief to investors who fretted over whether Russian companies will continue servicing their foreign-currency bonds. Most Read from Bloomberg Search engine Yandex NV, the group’s entity based in The Netherlands, transferred $4.7 million to holders of its $1.25 billion bond due 2025, according to two bondholders who spoke on condition of anonymity. It’s the first foreign-currency coupon… Source link

Sanctions on Russia will likely have a significant impact on the global economy, a recent ING (ING) report found. “By now, we all know that Europe gets nearly 40% of its natural gas and 25% of its oil from Russia (this differs across countries), and is likely to be walloped with spikes in heating and gas bills, which are already soaring,” ING Global Head of Macro Carsten Brzeski wrote in a report released earlier this week. “Given that Ukraine and Russia have also been labelled as the global… Source link

A notorious Android banking trojan designed to steal user data, like passwords and text messages, has been discovered in Google Play and downloaded thousands of times. The TeaBot banking trojan, also known as Anatsa and Toddler, was first observed in May 2021 targeting European banks by stealing two-factor authentication codes sent by text message. A new report from Cleafy, an online fraud management and prevention solution, now says the malware has evolved to… Source link

Ford (F) sees electric vehicles representing half of global production volume by 2030. The auto giant is redefining its operation in order to outperform legacy automakers and EV competitors. CFO John Lawler said the untwining of its electric vehicle business (Ford Model e) and internal combustion engine business (Ford Blue) will provide focus and clarity as the Michigan-based automotive manufacturer further develops the Ford+ strategy. “It’s really about accelerating and being a first mover… Source link

Coffee consumption at home — which boomed during COVID-19 lockdowns — is here to stay despite momentum to return to the office, according to one top consumer brand. J.M. Smucker (SJM) CEO Mark Smucker told Yahoo Finance that “at-home consumption will stay elevated” with 70% of coffee drinking now happening at home, compared to 2/3 prior to the pandemic. With a hybrid model in mind, Smucker believes people will continue “working from home” and “potentially for a long time,” he added. In the… Source link

Google CEO Sundar Pichai (AP Photo/Jeff Chiu) ASSOCIATED PRESS How can you say we are sort of out of the pandemic without saying we’re out of the pandemic? During the Super Bowl, celebrities were out in force, flaunting that they weren’t wearing masks. Similarly, President Joe Biden’s State of the Union address showed that no one was wearing a facial covering. Another major sign is that Google is telling its San Francisco Bay Area workers to return to the… Source link