Tag Archives: tech

What this means: The EU has led a global wave of regulation and penalties against Big Tech companies, with search and ad technologies coming under especially severe scrutiny, making this investigation the latest in a series of fines, legal challenges, and penalties that have plagued Big Tech in Europe. Google in particular has had it rough. There have been so many fines, it’s hard to keep track of all of them. Google alone paid the EU $5 billion in 2018 for anticompetitive bundling, $1.7… Source link

(Bloomberg) — The relentless selloff in Chinese technology stocks continued on Monday, as Beijing’s close relationship with Russia raised risks for mainland companies already battered by renewed regulatory headwinds. Most Read from Bloomberg The Hang Seng Tech Index slumped more than 9%, poised for the largest drop since the guage was introduced in July 2020 and driving losses in broader Hong Kong and China stocks. The Golden Dragon Index, which tracks American depository receipts of… Source link

Within hours, an app designed to help Russians register protest votes against Putin could no longer be downloaded from Google or Apple, whose main representative in Moscow faced a similarly harrowing sequence. Titans of American technology had been brought to their knees by some of the most primitive intimidation tactics in the Kremlin playbook. Story continues below advertisement The unnerving encounters, which have not previously been disclosed, were part of a broader campaign that Putin… Source link

A group of progressive MEPs are preparing to question the European Commission on why Russia’s largest technology company has been excluded from the sanctions list so far, while Baltic states are planning to raise the point in the Council discussions. Yandex is the second largest search engine in Russia regarding market share and provides several online services, including advertising, mobility apps and navigation. The company also offers ride-hailing services in several EU… Source link

A highly educated workforce and low cost of labor made Ukraine an attractive outsourcing tech hub for Fortune 500 firms, churning out more than 200,000 IT workers. But these days, Andrew Pavliv, the founder and CEO of N-iX, one of Ukraine’s largest tech companies, is more consumed with managing the flow of employees within his own country. Since the Russian invasion began last month, Pavliv’s firm has evacuated nearly 200 employees from hard hit cities in eastern Ukraine, including… Source link

Amazon’s (AMZN) big stock split could pave the way for entrance into the 30-member exclusive club known as the Dow Jones Industrial Average. “We expect that the stock split should increase the accessibility of shares to a broader array of potential investors, and note that the split should allow for potential inclusion of Amazon shares in the Dow Jones Industrial Average,” said Wells Fargo analyst Brian Fitzgerald. Shares of the e-commerce giant rose 5% in pre-market trading on Thursday on the… Source link

News and Partnerships Life and Culture Columnists and Opinion Haaretz Heb and TheMarker Haaretz.com, the online English edition of Haaretz Newspaper in Israel, gives you breaking news, analyses and opinions about Israel, the Middle East and the Jewish World. © Haaretz Daily Newspaper Ltd. All Rights Reserved Source link

News and Partnerships Life and Culture Columnists and Opinion Haaretz Heb and TheMarker Haaretz.com, the online English edition of Haaretz Newspaper in Israel, gives you breaking news, analyses and opinions about Israel, the Middle East and the Jewish World. © Haaretz Daily Newspaper Ltd. All Rights Reserved Source link

Tech entrepreneur Oleksandr Kosovan takes shelter inside his car parked underground. He’s helping combat the Russian invasion — using the skills he knows best. “I’m not a military man, I don’t know how to shoot, but still I can use my brain and technology in order to stop the war in any possible,” Kosovan told Yahoo Finance Live. The CEO of MacPaw, a software company based in Ukraine, says he stayed behind to defend his country. “Part of our team are already outside of Ukraine. I’m here… Source link

The government has been urged to restrict the UK operation of Russia’s biggest technology company amid concern over its ties to the Kremlin. Yandex, Russia’s equivalent to Google, is headquartered in Moscow but operates in more than 17 countries and recently launched Yango Deli in London, a service offering 15-minute delivery to households of food, alcohol and toiletries. The parent company, which offers map, search, taxi and shopping services, has been subject to sanctions in Ukraine… Source link