Soviet diehards and Covid-19 conspiracies: Inside Russia’s anti-5G movement

October 21, 2020

While often cited as a leading source of global disinformation, Russia has proven fertile ground for this Western-born conspiracy theory. Against a backdrop of uncertainty and fear over the economic fallout of the coronavirus pandemic, the nation’s social media has over the past 12 months experienced a boom in anti-5G content. Russia’s anti-5G movement is “first …

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Russian university ranks global cities by innovation attractiveness

October 21, 2020

What prompts researchers, heads of corporations, startup founders, designers, architects, and artists to choose a particular city? Which megacities have an edge in the competition for the best minds? To answer these and other questions, an expert team from Moscow’s Higher School of Economics — a top Russian university — has developed the ‘HSE Global Innovation Index’ (HSE GCII). HSE …

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Moscow city authorities mandate night partygoers to register with QR codes or SMS

November 12, 2020

Moscow partygoers will be required to register their phone numbers before they can enter bars, nightclubs and other late-night establishments, Mayor Sergei Sobyanin announced Thursday as the city sees a renewed rise in coronavirus cases.  Starting Oct. 19, all visitors of establishments operating between midnight and 6 a.m. will be required to scan a QR code or …

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Baring Vostok and Goldman Sachs acquire stake in major Russian financial and insurance portal

October 20, 2020

Russian billionaire Oleg Tinkov has sold his stake Sravni.ru, a major Russian finance and insurance marketplace, to Baring Vostok and Goldman Sachs, reports VC.RU. The terms of the transaction were not disclosed. Sravni.ru defines its mission as “to help people make the right choices and achieve financial goals.” Its users are assisted in choosing financial …

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North Korean hacker group attacked Russian aerospace and defense targets

October 20, 2020

The North Korean hacker group “Kimsuky” is reportedly carrying out attacks against military and industrial entities inside Russia, cybersecurity experts told the newspaper Kommersant.  Earlier this year in the spring, Kimsuky hackers sent malicious emails seeking confidential information at aerospace and defense companies in Russia, says Anastasia Tikhonova, the head of the information security company “Group-IB.” …

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Sber and Visa launch data lab with AI supercomputer

October 16, 2020

Sber, the Russian state-controlled financial and tech giant, is teaming up with Visa to launch “Russia’s first Data Lab.” The partners intend to “use anonymized data to track changes in customer behavior and design the most customized offerings for all users of card products by applying artificial intelligence and machine learning tools.”  “The move is aimed at …

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Quarterly review: Battle of digital titans in Russia, Belarusian IT exodus, acquisitions in Ukraine

October 20, 2020

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe. Since last year, EWDN chief editor Adrien Henni has offered a regular column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. Covering the third quarter of …

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Tinkoff scraps $5.5 billion deal with Yandex, shares plunge

October 20, 2020

The proposed megamerger between Russia’s leading technology company Yandex and fast-growing challenger bank Tinkoff has been scrapped. In an announcement to the London Stock Exchange — where Tinkoff’s holding company TCS is listed — the bank said negotiations between the two sides had been “terminated, effective immediately.” Yandex and Tinkoff previously announced they had reached an “agreement …

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Mail.Ru buying spree: New investments in gaming and edtech

October 8, 2021

This week several new investments by Mail.ru Group, the LSE-listed Russian Internet giant, were reported. In the field of online education: Lomigor, a Cypriot subsidiary of the LSE-listed Russian Internet giant, purchased a 45% stake in Preprep.ru LLC, the startup behind exam preparation platform Tetrika. The transaction, which took place in September, was just revealed …

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Yandex, MTS, etc.: Oleg Tinkov reportedly holding parallel talks to sell his online bank

October 15, 2020

The sale of Tinkoff Bank to Yandex is far from certain, Russian online publication The Bell wrote yesterday, just three weeks after the two companies announced an “agreement in principle” on a $5.5 billion merger. Oleg Tinkov, the owner of the online bank, is also considering other buyers — in particular mobile operator MTS, or …

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Russia’s central bank considers launching digital ruble

January 27, 2022

On Tuesday the Bank of Russia released a consultation paper on the development of the digital Russian ruble, confirming plans aired previously. Dubbed ‘central bank digital currency,’ or CBDC, the digital ruble could become an additional form of money alongside cash and non-cash. “All three forms of the Russian ruble will be absolutely equal: 1 ruble in …

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Alibaba Group to launch cloud platform in Russia

October 15, 2020

Alibaba Group is preparing to launch in Russia its cloud platform, ‘Alibaba Cloud,’ reports Kommersant. According to the business daily’s sources, Alibaba has occupied more than half of the capacity in the IXcellerate data center, which can accommodate about 1,500 racks. According to another source, Alibaba needs the platform to support its growing businesses in …

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