Is Russia’s Largest Tech Company Too Big to Fail?

Arkady Yurievich Volozh seemed to be in good spirits. It was February 11, his birthday, and the 58-year-old billionaire CEO and cofounder of Yandex, the Russian tech behemoth, was in the sort of open, engaging mood that could be called privetliviy, after the casual Russian word privet for hello. He was speaking from his car in Tel Aviv, bragging about his father—an oil geologist in his eighties who had “discovered” oil in Israel, Volozh said—as we chatted about my upcoming trip to… Source link

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Privacy advocates raise concern over Google’s access to Messages and Phone metadata

In recent years, tech giants and other companies have come under scrutiny on how they collect and use user data. Google itself has focused on making privacy improvements to its products and services in response. However, it looks like its efforts did not go far enough. A new research paper reveals that Google’s Messages and Dialer/Phone apps have been collecting and sending scrambled user data to its servers, potentially violating the European Union’s GDPR. Douglas Leith, a computer… Source link

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For stocks, ‘good news’ is a relative term: Morning Brief

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 22, 2022 Today’s newsletter is by Emily McCormick, a reporter for Yahoo Finance. Follow her on Twitter When it comes to sparking a move higher in stocks, news doesn’t necessarily have to go from bad to good, or from good to great. “Very bad” to “slightly less bad” can be enough. And that reasoning offers one explanation for… Source link

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Is Yandex, Russia’s Largest Tech Company, Too Big to Fail?

Is Yandex, Russia’s Largest Tech Company, Too Big to Fail?

Editors’ Note: Arkady Volozh resigned as Yandex’s CEO on June 3, 2022, after the European Union sanctioned him.  Arkady Yurievich Volozh seemed to be in good spirits. It was February 11, his birthday, and the 58-year-old billionaire CEO and cofounder of Yandex, the Russian tech behemoth, was in the sort of open, engaging mood that could be called privetliviy, after the casual Russian word privet for hello. He was speaking from his car in Tel Aviv, bragging about his father—an oil geologist… Source link

Read More »

Is Yandex, Russia’s Largest Tech Company, Too Big to Fail?

Is Yandex, Russia’s Largest Tech Company, Too Big to Fail?

Editors’ Note: Arkady Volozh resigned as Yandex’s CEO on June 3, 2022, after the European Union sanctioned him.  Arkady Yurievich Volozh seemed to be in good spirits. It was February 11, his birthday, and the 58-year-old billionaire CEO and cofounder of Yandex, the Russian tech behemoth, was in the sort of open, engaging mood that could be called privetliviy, after the casual Russian word privet for hello. He was speaking from his car in Tel Aviv, bragging about his father—an oil geologist… Source link

Read More »

Remember when bitcoin was ‘anonymous’?

By Lisa Pauline Mattackal and Bansari Mayur Kamdar (Reuters) – Bitcoin just isn’t anonymous enough for a growing cohort of crypto users who are seeking greater seclusion. A volatile class of crypto known as privacy coins, created with the primary aim of masking the identity of users and details of transactions, has quietly been gaining ground this month as maturing bitcoin inches towards mainstream finance. Monero and Zcash, among the most popular, have respectively gained 7.6% and 46% since… Source link

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Bonds Extend Drop After Fed Sparks One of Worst Days in Decade

(Bloomberg) — The U.S. bond market reeled further on Tuesday, extending Monday’s declines after Federal Reserve Chair Jerome Powell’s aggressive rate hike comments drove yields on short-dated Treasuries to one of their biggest daily jumps of the past decade. Most Read from Bloomberg The central bank chief’s hawkish tone led traders to rapidly ratchet up estimates for how aggressively the Fed will tighten monetary policy this year as rising commodity prices threaten to add fuel to the… Source link

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Alibaba Hikes Buybacks to $25 Billion as Crackdown Signals Ease

(Bloomberg) — Alibaba Group Holding Ltd. ramped up its share buyback program to $25 billion, expanding that arsenal for a second time in less than a year to stanch a $470 billion loss of value during Beijing’s internet crackdown. Most Read from Bloomberg The board of China’s e-commerce leader has approved the program, which will run for two years through to March 2024, the company said in a statement. It also appointed a new independent director in Shan Weijian, chairman of alternative… Source link

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No. 5 Notre Dame advances to Sweet 16 by 44-pt margin

No. 5 seed Notre Dame left nothing in doubt advancing to the Sweet 16 on Monday night. The Fighting Irish knocked out No. 4 Oklahoma, 108-64, at the Sooners’ Lloyd Noble Center in the Bridgeport region of the NCAA women’s basketball tournament. The 44-point winning margin is the largest by a team seeded equal to or lower than its opponent, per ESPN Stats and Information. They are the first women’s or men’s team to defeat a better-seeded team by at least 40 points, according to Stats… Source link

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Apple’s US App Store Offers Russia’s Yandex in 45 Separate Apps

Apple has been cutting ties with Russia over its invasion of Ukraine. The iPhone app store still hosts dozens of apps from Yandex, the country’s biggest internet firm. A senior Yandex executive was recently sanctioned by the EU over his close ties to Vladimir Putin. Apple has stopped selling iPhones in Russia and limited the use of its … Source link

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