Tag Archives: Asia

Regulators fear Russia could access Yandex taxi data from Europe, Central Asia

Regulators fear Russia could access Yandex taxi data from Europe, Central Asia

News that the Russian security service could potentially gain access to data collected by the Yandex taxi service has raised alarms among users and regulators in Europe and Central Asia. Often referred to as “Russia’s Google,” Yandex runs the biggest search engine in the country and also provides an Uber-like ride-hailing and food-delivery service under the name Yango, or YandexGo, in more than 20 countries. These include Israel, Norway, Finland, Belarus, Kazakhstan, Georgia, and… Source link

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Crisis Level Risks Loom in Asia as Major Currencies Crack

Crisis Level Risks Loom in Asia as Major Currencies Crack

(Bloomberg) — Asian markets risk a reprise of crisis-level stress as two of the region’s most important currencies crumble under the onslaught of relentless dollar strength. Most Read from Bloomberg The yuan and yen are both tumbling due to the growing disparity between an uber-hawkish Federal Reserve and dovish policy makers in China and Japan. While other Asian nations are digging deep into foreign-exchange reserves to mitigate the dollar’s damage, the yuan and yen’s slump is making… Source link

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Google’s Asia Head on Singapore Growth, Regional Challenges: Q&A | Data Center Knowledge

Google’s Asia Head on Singapore Growth, Regional Challenges: Q&A | Data Center Knowledge

(Bloomberg) — Alphabet Inc.’s Google completed its third data center in Singapore, bringing its investment in such facilities in the city-state to $850 million as it vies with tech giants from Amazon.com Inc. to Meta Platforms Inc. for bigger clout in Asia. Since opening its first Singapore office in 2007 with 24 people, Google has grown its local staff to 3,000 and built infrastructure including subsea cables connecting the finance hub to the… Source link

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Yahoo Finance All Markets Summit Extra Asia LIVE studies the paradigm shift brought by cryptocurrencies, decentralized finance and the great virtual migration

Yahoo Finance All Markets Summit Extra Asia LIVE studies the paradigm shift brought by cryptocurrencies, decentralized finance and the great virtual migration

Pioneers, creators, and industry forerunners unveil Five trends to Watch amidst the Paradigm Shift towards a Virtual Economy HONG KONG, Aug. 10, 2022 /PRNewswire/ — The Yahoo Finance All Markets Summit Extra Asia returns to Hong Kong! Since its event last year, the global economy has been on a rollercoaster ride as new technologies have shifted the way we interact, transact, and live in both real and virtual worlds. Keynote speaker_John Tsang, former Financial Secretary of Hong Kong SAR and… Source link

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Why Google For Startups’ APAC Head Sees Huge Growth Potential For AI Startups In Asia

Why Google For Startups’ APAC Head Sees Huge Growth Potential For AI Startups In Asia

In his role overseeing Google’s startup support arm in Asia-Pacific, Mike Kim sees promising growth opportunities for AI startups in the region, thanks to government support for the increasingly important technology, a deep talent pool and in-a-hurry population, among other factors. The impatience of Asia’s Millennials and Gen Zers is one of many reasons why Mike Kim, the head of Google for Startups Asia-Pacific, sees strong growth potential for artificial intelligence startups in the… Source link

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Supersized Outflows From Emerging Asia Have Room to Rise

Supersized Outflows From Emerging Asia Have Room to Rise

(Bloomberg) — Some of Asia’s biggest stock and bond markets outside China are seeing greater outflows than in previous market crises, and the process may just be getting underway. Most Read from Bloomberg Global funds offloaded a net $40 billion of equities across seven regional markets last quarter, exceeding any three-month period characterized by systemic stresses since 2007. The steepest selling was in tech-heavy Taiwan and South Korea and energy-importing India, while foreign investors… Source link

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Treasuries Sell Off, Asia Stocks Drop; Oil Jumps: Markets Wrap

Treasuries Sell Off, Asia Stocks Drop; Oil Jumps: Markets Wrap

(Bloomberg) — Stocks in Asia fell Tuesday and Treasuries sold off across the curve as investors remain cautious about whether central banks can raise interest rates to rein in inflation without derailing growth. Oil gained after the European Union backed a push to ban some Russian oil. Most Read from Bloomberg Equities in Japan, Korea and Australia inched down while Hong Kong futures fell. US contracts opened higher in the first day of trading after the Memorial Day weekend. Yields on… Source link

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