The Kremlin’s fear of a serious tech brain drain is the main factor preventing Moscow from nationalising Nasdaq-listed Yandex , often dubbed “Russia’s Google”, four people with knowledge of the company’s divestment plans told Reuters.
Russia made its final preparations on Thursday for the launch of its first lunar landing spacecraft in 47 years as it races to be the first power to make a soft landing on the south pole of the moon which may hold significant deposits of water ice.
Chinese electric vehicle maker Hozon Auto said on Thursday that it plans to start selling its Neta-branded EVs in Indonesia from the fourth quarter of the year, as it expands its business in Southeast Asia.
Amid strenuous pushback from San Francisco officials and many residents, a California state agency is set to vote on Thursday on a proposal to allow the city to be blanketed in self-driving taxis at all hours.
President Joe Biden’s move to prohibit some U.S. technology investments in China is expected to keep investors on the sidelines, concerned that tougher measures are ahead as tensions simmer between the world’s two biggest economies.
China’s Ant Group made net profit of 13.37 billion yuan ($1.85 billion) in the three months to March 31, up 17.5% from a year earlier, according to Reuters calculations from Alibaba Group Holding’s earnings report released Thursday.
China’s Alibaba Group Holding reported its strongest quarterly revenue growth in almost two years on Thursday as its domestic e-commerce unit focuses on low-cost products to attract consumers amid a sober economic environment.
A federal appeals court on Thursday will weigh lifting a Louisiana judge’s order limiting the Biden administration’s ability to communicate with social media companies to urge them to moderate information it deems harmful or misleading.
British technology minister Michelle Donelan defended plans to require messaging apps to provide access to encrypted private messages when needed to protect children from abuse, which major platforms say would undermine the privacy of their users.
The European Commission will analyse the U.S. ban on new U.S. investment in China in sensitive technologies as the issue is also important to the European Union’s economic security, the EU executive said on Thursday.
