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☆ Google backs a startup that aims to bring mixed reality to any car windshield or plane cockpit
▼ + stars: | 2024-09-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Distance TechnologiesDistance Technologies, a Finnish startup that aims to bring mixed-reality technology to any car windshield or plane cockpit, has raised 10 million euros ($11.1 million) of funding from GV, the venture capital arm of Alphabet and other investors. Distance raised the cash injection in a seed round led by GV, with existing investors FOV Ventures and Maki.vc also stumping up more cash for the startup, the company told CNBC on Thursday. Konttori was formerly chief technology officer of Varjo, another Helsinki-based mixed-reality firm. "The main difference here is that we are driven by the software," Mäkinen told CNBC. For now, Distance has had to use simple optics and normal LCD displays to demonstrate its technology to prospective partners and investors.

Persons: Maki.vc, Konttori, Roni Hiranand, Meta, Jussi Mäkinen, Mäkinen, he's Organizations: Technologies, GV, FOV Ventures, CNBC, Helsinki, Google Ventures, Companies, Huawei, Bosch, Continental, Panasonic, Distance Technologies Locations: Finnish, Helsinki, China

☆ Finland passes law to block migrants crossing from Russia
▼ + stars: | 2024-07-12 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Finland has accused neighboring Russia of weaponizing migration by encouraging scores of migrants from countries such as Syria and Somalia to cross the border, an assertion the Kremlin denies. Helsinki believes Moscow is promoting the crossings in retaliation for Finland joining NATO, which backs Ukraine against Russia’s invasion. Finnish border guards and migrants with bicycles are pictured at the international border crossing at Salla, Finnish Lapland on November 21, 2023. Orpo urged migrants who were considering coming to Europe through Russia not to embark on the journey. The access to the borders orchestrated by Russia will not lead to access to Finland or Europe.”Moscow has denied such an intention.

Persons: Reuters —, Petteri Orpo, ” Orpo, Jussi Nukari, Mari Rantanen, Finland’s, Orpo, “ Don’t, ”, ” Moscow Organizations: Reuters, Helsinki, NATO, Russia’s, Getty, Finnish Border Guard, ” Locations: Russia, Helsinki, Finland, Syria, Somalia, Moscow, Ukraine, EU, Salla, Finnish Lapland, AFP, Poland, Lithuania, Belarus, Europe, Russian

HELSINKI (AP) — Ex-Prime Minister Alexander Stubb was projected to win the first round of Finland's presidential election on Sunday and face runner-up Pekka Haavisto in a runoff next month. Finnish public broadcaster YLE projected that Stubb won the first round of the presidential election with 27.3% of the votes, while Haavisto, an ex-foreign minister, took second place with 25.8%. Recent polls suggest that former Prime Minister Alexander Stubb, 55, and ex-Foreign Minister Pekka Haavisto, 65, are the leading contenders. The president also acts as the supreme commander of the Finnish military, a particularly important duty in Europe's current security environment. About 4.5 million citizens were eligible to vote for Finland’s new head of state from an array of nine candidates — six men and three women.

Persons: —, Alexander Stubb, Pekka Haavisto, Stubb, Jussi Halla, aho, Sauli Niinistö, “, ”, Eve Kinnunen, Haavisto, Olli Rehn, Niinistö, Vladimir Putin of, ___ Kostya Manenkov, Sergei Grits Organizations: HELSINKI, YLE, Legal, Nordic, NATO, Union, National Coalition Party, Finns, Bank of Finland, Halla, Associated Press, Helsinki, Green League Locations: Finnish, Stubb, Finland, HELSINKI, Russia, United States, China, Helsinki, Sunday’s, Europe, Ukraine, Vladimir Putin of Russia, Nordic, Finland’s, Sweden, Hungary

☆ Finns go to the polls to elect a new president at an unprecedented time for the NATO newcomer
▼ + stars: | 2024-01-28 | by ( ) www.cnbc.com time to read: +4 min

Polls across the country opened at 9 a.m. (0700 GMT) and will close at 8 p.m. (1800 GMT). The president also acts as the supreme commander of the Finnish military, a particularly important duty in Europe's current security environment. They are picking a successor to hugely popular President Sauli Niinistö, whose second six-year term expires in March. Recent polls suggest that former Prime Minister Alexander Stubb, 55, and ex-Foreign Minister Pekka Haavisto, 65, are the leading contenders. Advance vote results will be confirmed soon after polls close and initial results from Sunday's voting are expected by around midnight (2200 GMT).

Persons: Sauli Niinistö, Eve Kinnunen, Alexander Stubb, Pekka Haavisto, Stubb, Haavisto, Jussi Halla, Olli Rehn, Niinistö, Vladimir Putin of Organizations: Nordic, NATO, Union, National Coalition Party, United Nations, Finns, Bank of Finland, Associated Press, Green League Locations: Espoo, Finland, Russia, United States, China, Helsinki, Sunday's, Europe, Ukraine, Vladimir Putin of Russia, Nordic, Finland's, Sweden, Hungary

☆ Finns Choose New President for NATO Era With Russia in Mind
▼ + stars: | 2024-01-27 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

The Nordic country's admission to NATO last year drew threats of "counter measures" from its vast Russian neighbour. In December, Finland closed its entire border with Russia to passenger traffic in response to a surge in migrants trying to cross. Partial results are expected shortly after polls close at 1800 GMT and the competitors for the probable second round should be clear by 2030 GMT unless the results are very close. The new president will replace 75-year-old incumbent Sauli Niinisto who is required to step down after two six-year terms in office. He earned the nickname "the Putin Whisperer" during his tenure for his role in maintaining close ties with Russia, which had long been a key role for Finnish presidents.

Persons: Anne Kauranen, Alexander Stubb, Pekka Haavisto, Finns Party's Jussi Halla, Olli Rehn, Jutta Urpilainen, Sauli Niinisto, Putin, Terje Solsvik, Philippa Fletcher Organizations: Anne Kauranen HELSINKI, NATO, Nordic, Moscow, Finnish Defence Forces, Green Party, Finns, Bank of Finland, Social Democrat European Locations: Finland, Ukraine, Russia, Helsinki, Oslo

Unlike in most European countries, the president of Finland holds executive power in formulating foreign and security policy, particularly when dealing with countries outside the European Union like the United States, Russia and China. “Clearly, the main task of the president is to steer foreign policy,” said Teivo Teivainen, professor of world politics at the University of Helsinki. Finland became the Western military alliance’s 31st member in April last year, much to the annoyance of Russia and President Vladimir Putin. Under the Finnish Constitution, the president decides on foreign and security policy issues together with the government. Late last year, Finland closed its border with Russia after some 1,300 migrants without proper documentation or visas arrived across the frontier just months after Finland joined NATO.

Persons: ”, Teivo Teivainen, —, Sauli Niinistö, Alexander Stubb, Pekka Haavisto, Haavisto, Jussi Halla, Olli Rehn, Niinistö, Vladimir Putin, Teivainen, Petteri, Putin, Washington —, ” Niinistö Organizations: HELSINKI, NATO, Union, University of Helsinki, Bank of Finland, Kyiv —, Hamas, Helsinki, Washington, YLE, Nordic, Kremlin Locations: Nordic, Ukraine, Russia, United States, China, Sunday’s, Finland, Ukraine —, Moscow, Sweden, Finland’s, Finnish, Moscow , Washington, Beijing, Baltic, Vainikkala

☆ NATO's newest member says its shutting down its border with Russia, accusing Moscow of cruelly working to create a migrant crisis
▼ + stars: | 2023-11-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Finnish officials accused Russia of purposefully sending hundreds of asylum seekers to the Finland. AdvertisementAs waves of asylum seekers surge toward Finland amid freezing temperatures, the country has decided to shut down its border with Russia. The crisis that has been emerging, Finnish officials say, is one that was artificially created by Russia intentionally sending migrants to the Finnish border. "Russia is enabling the instrumentalisation of people and guiding them to the Finnish border in harsh winter conditions. NATO's newest member has highlighted Moscow's involvement, accusing Russian border guards of escorting migrants to the border themselves.

Persons: —, Dmitri Peskov, Petteri Orpo, Mari Rantanen, JUSSI NUKARI, Alexander Lukashenko Organizations: Belarus, Service, NATO, Helsinki, Institute for, European Union, Rights Watch Locations: Finland, Russia, Poland, Moscow, Belarus, Yemen, Somalia, Syria, Iraq, Salla, Finnish Lapland, Washington, DC, Russia's

☆ EU Helps Finland Secure Its Borders Amid Migrant Influx From Russia
▼ + stars: | 2023-11-24 | by ( Ann M. Simmons | ) www.wsj.com time to read: 1 min

Migrants arrived at a border crossing between Finland and Russia on Thursday. Photo: Jussi Nukari/Lehtikuva/Associated PressThe European Union will help Finland bolster its borders following a recent surge of migrants trying to enter the country from Russia, whom Helsinki has accused of facilitating their passage. Frontex, the European Border and Coast Guard Agency, said Thursday it would send 50 border-guard officers and other staff, along with equipment such as patrol cars, to bolster Finland’s border-control activities. The reinforcement, including surveillance officers, support for registering migrants, document experts and interpreters, was expected to be on the ground as soon as next week, the agency said. Frontex currently has 10 officers working at the Finnish borders, it said.

Persons: Jussi Nukari, Frontex Organizations: Associated Press, Union, Border, Coast Guard Agency Locations: Finland, Russia, Helsinki, Finland’s

☆ Finland shuts all passenger border crossings with Russia but one
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

[1/4] Finnish Border Guards escort the migrants at the international border crossing at Salla, northern Finland, November 23, 2023. Having last week closed four border stations, Finland overnight closed all remaining passenger crossings except its northernmost one, Raja-Jooseppi located in the northern Arctic region, for a month. Separately, the Finnish Border Guard said on Friday it expects dozens of officers from the European Union's Frontex border agency to help patrol the 1,340 km (833 mile) border with Russia from next week. "Their task will primarily be to patrol the land border under the supervision of the Finnish Border Guards and to support them," Border Security Expert Arttu Maaranen told Reuters. Estonia, like Finland, has accused Moscow of sending migrants to its border with Russia in what its interior minister called "a hybrid attack operation".

Persons: Lehtikuva, Jussi Nukari, Jooseppi, Maaranen, Frontex, Jonas Gahr Stoere, Gahr Stoere, Anne Kauranen, Victoria Klesty, Anna Ringstrom, Gareth Jones Organizations: Finnish Border Guards, REUTERS Acquire, Rights, Nordic, Kremlin, Finnish Border Guard, Reuters, Estonian, NATO, Thomson Locations: Salla, Finland, Russia, Moscow, Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria, Yemen, Helsinki, Norway, Finland's, Norwegian, Tallinn, Estonia, Oslo

Abandoned bicycles lie at the international border crossing, as migrants arrive to the northern border stations between Finland and Russia, in Salla, Lapland, Finland November 23, 2023. Finland on Wednesday said it will close all but the northernmost crossing point on its 1,340 km (830 miles) border with Russia, leaving open only a remote Arctic route from Friday morning onwards. Frontex in a statement said it would deploy 50 border guard officers and other staff to Finland along with equipment such as patrol cars, to bolster control activities. Frontex said it would send a first group of staff on Nov. 29, including border surveillance officers, support for registering migrants, document experts and interpreters. Reporting by Anna Ringstrom in Stockholm and Essi Lehto in Helsinki, editing by Terje Solsvik and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Lehtikuva, Jussi Nukari, Coast Guard Agency Frontex, Mari Rantanen, Rantanen, Frontex, Anna Ringstrom, Essi, Terje Solsvik, Christina Fincher Organizations: REUTERS, Rights, Coast Guard Agency, Nordic, Kremlin, Finland, Thomson Locations: Finland, Russia, Salla, Lapland, Rights STOCKHOLM, Helsinki, Moscow, funnelling, Yemen, Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria, Stockholm

☆ EU to deploy more staff on Finnish-Russian border amid asylum crisis
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

Abandoned bicycles lie at the international border crossing, as migrants arrive to the northern border stations between Finland and Russia, in Salla, Lapland, Finland November 23, 2023. Helsinki has accused Moscow of funnelling migrants to the border from nations such as Yemen, Afghanistan, Kenya, Morocco, Pakistan, Somalia and Syria, a charge the Kremlin has denied. Frontex in a statement on Thursday said it would deploy 50 border guard officers and other staff to Finland along with equipment such as patrol cars, to bolster control activities. Finland earlier this week said it had asked for 60 Frontex officers on top of 10 already stationed in the country. Frontex said it would send a first group of staff on Nov. 29, including border surveillance officers, support for registering migrants, document experts and interpreters.

Persons: Lehtikuva, Jussi Nukari, Coast Guard Agency Frontex, Frontex, Anna Ringstrom, Essi Lehto, Terje Solsvik Organizations: REUTERS, Rights, Coast Guard Agency, Nordic, Kremlin, Finland, Thomson Locations: Finland, Russia, Salla, Lapland, Rights STOCKHOLM, Helsinki, Moscow, Yemen, Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria

☆ Russia is pushing migrants to create a crisis at a NATO neighbor's border, and it's not the first time they've done it
▼ + stars: | 2023-11-21 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Russia is sending asylum seekers to Finland, creating a migrant crisis on the border, Finnish authorities say. Finland has already closed several border checkpoints and is considering shutting down its entire Russian border. AdvertisementRussia is creating a migrant crisis at Finland's borders, apparently sending hundreds of asylum seekers to the country. Finland has blamed Russia for artificially creating the migrant crisis, with Finnish Prime Minister Petteri Orpo saying last week that Russian border guards were escorting migrants to the border themselves. Finnish border guards escort migrants with bicycles at the international border crossing with Russia at Salla, Finnish Lapland on November 21, 2023.

Persons: —, Dmitri Peskov, Petteri Orpo, JUSSI NUKARI, it's, Alexander Lukashenko Organizations: Service, NATO, Twitter, Business, Finnish, Russian, Getty, Kremlin, The Institute, Washington DC, European Union, Watch Locations: Russia, Finland, Belarus, Poland, Finland's, Yemen, Somalia, Syria, Iraq, Russian, Salla, Finnish Lapland, AFP, Washington, Russia's, Lithuania, Latvia, Poland's

☆ Finland to 'take action' as more asylum seekers arrive via Russia
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

A view of the pilot border fence during a media event of the Finnish Border Guard RAJA at the Finnish-Russian border in Imatra, Finland October 26, 2023. Lehtikuva/Jussi Nukari/via REUTERS/File photo Acquire Licensing RightsHELSINKI, Nov 14 (Reuters) - Finland is seeing a rise in the number of third-country asylum seekers arriving at its border crossings from Russia and is preparing to "take action" to handle the situation, the Finnish interior minister said on Tuesday. Russian authorities have changed the way they work to allow travel to Finland despite a lack of documents, which is illegal entry," Minister of Interior Mari Rantanen told reporters. Around 60 asylum seekers had arrived from Russia since early on Monday, according to Finland's border guard authority. NATO member Finland shares a 1,340-kilometre (833-mile) border with Russia which also serves as the European Union's external border.

Persons: Lehtikuva, Jussi Nukari, Interior Mari Rantanen, Rantanen, Anne Kauranen, Essi, Terje Solsvik Organizations: Finnish Border Guard, Rights, Interior, NATO, Thomson Locations: Russian, Imatra, Finland, Russia

☆ What Fuels the ‘Manic Creativity’ of Joan Baez
▼ + stars: | 2023-11-04 | by ( Kathryn Shattuck | ) www.nytimes.com time to read: +2 min

2Drawing Upside DownUpside down is far more interesting to me than right side up. Things otherwise not available to my conscious mind become obvious when I turn the drawing right side up and see what it’s telling me. 3A Certain TreeI sleep in my big oak tree most nights in the summer. The tree is named Frank. I like to put Leonard Cohen on Spotify and see which of my friends and colleagues show up in Spotify’s interpretations.

Persons: Doodling, Frank, It’s, Jussi Bjorling, Joan Sutherland, Kathleen Ferrier, Glenn Gould, Maurizio Pollini, Jascha Heifetz, Lauren Duski, Sturgill Simpson, Willie Nelson, Johnny Cash, Leonard Cohen, Andrea Bocelli Organizations: Gipsy Kings, Spotify Locations: Swedish

☆ Oil heads for weekly loss as geopolitical risk premium wanes
▼ + stars: | 2023-11-03 | by ( Ahmad Ghaddar | ) www.reuters.com time to read: +3 min

Both benchmarks gained more than $2 a barrel on Thursday, but were on track to lose about 4% on the week. The report could bolster the view that the U.S. Federal Reserve need not raise interest rates further. The Fed held interest rates steady on Wednesday, while the Bank of England held rates at a 15-year peak. The stable policies kept oil prices supported as some risk appetite returned to markets. "The oil market will be watching for an escalation of tensions, particularly on the Lebanese border, as Hezbollah attacks increase," City Index Fiona Cincotta said.

Persons: Jussi Rosendahl, Brent, Fiona Cincotta, Sayyed Hassan Nasrallah, Israel, Jeslyn Lerh, Mark Potter Organizations: REUTERS, U.S, West Texas, National Bureau, Statistics, U.S . Labor Department, U.S . Federal, Fed, Bank of, Palestinian, Thomson Locations: Porvoo, Finland, China, Bank of England, Gaza, Lebanese, Saudi Arabia, Singapore

☆ Former Finnish PM Alexander Stubb to run for president
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

Former Prime Minister of Finland Alexander Stubb at the EPP congress in Helsinki, November 7, 2018. Lehtikuva/Jussi Nukari via REUTERS/File Photo Acquire Licensing RightsHELSINKI, Aug 16 (Reuters) - Former Finnish Prime Minister Alexander Stubb said on Wednesday that he will be a candidate in Finland's presidential election due in January of 2024. His announcement came after incumbent premier Petteri Orpo on Sunday asked Stubb to become the National Coalition party's candidate. "In this geopolitical situation the answer is unequivocal: when the fatherland calls, then we go," Stubb told reporters. Stubb, currently a professor and director of the European University Institute in Florence, Italy, held several ministerial posts before serving as prime minister between 2014 and 2015.

Persons: Finland Alexander Stubb, Lehtikuva, Jussi Nukari, Alexander Stubb, Petteri Orpo, Stubb, Pekka Haavisto, Mika Aaltola, Olli Rehn, Anne Kauranen, Terje Solsvik Organizations: EPP, REUTERS, Rights, National Coalition, European University Institute, Bank of Finland, Thomson Locations: Finland, Helsinki, Finnish, Florence, Italy

☆ Finns Party mastermind defends long-term goal to leave the EU
▼ + stars: | 2023-08-12 | by ( Anne Kauranen | ) www.reuters.com time to read: +3 min

Opinion polls show the hardline former party leader is unlikely to win the presidency, but his views are influential within the Finns Party, which is part of the right-wing government that took office in June. Delegates at the weekend conference discussed the party's EU stance in light of the Ukraine war and its governing alliance with pro-EU allies. The Finns Party backed the country joining NATO this year. The Finns Party congress also rejected the EU's proposed Nature Restoration Law, with Tavio calling it "a sad example of the acceleration of the EU's dictatorial policy under the guise of climate change". The Finns Party has suffered two setbacks in recent weeks.

Persons: Jussi Halla, Anne Kauranen HELSINKI, Party's Jussi Halla, aho, Halla, Ville Tavio, Vilhelm Junnila, Riikka Purra, Anne Kauranen, Justyna Pawlak, Hugh Lawson, Helen Popper Our Organizations: REUTERS, European Union, Saturday ., Finns Party, EU, Reuters, NATO, Foreign Trade, Restoration, Thomson Locations: Helsinki, Finland, Ukraine, EU, Western Europe, Europe, Halla

☆ Ice Hockey-Canada defeat Germany to win World Championship gold
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +1 min

[1/5] Ice Hockey - IIHF World Ice Hockey Championship 2023 - Final - Canada v Germany - Nokia Arena, Tampere, Finland - May 28, 2023 Canada players celebrate winning the IIHF World Ice Hockey Championship 2023 with the trophy Jussi Nukari/Lehtikuva via REUTERSTAMPERE, Finland, May 28 (Reuters) - Canada beat Germany 5-2 to win gold at the Ice Hockey World Championship in Tampere on Sunday, securing a 28th title in the competition. The teams were tied at 2-2 after the first two periods at the Nokia Arena, but Germany could not sustain the pace as the Canadians dominated the third period with three goals, claiming their second gold medal in three years. Despite Germany's hopes of clinching a first-ever World Championship title, they had to settle for their first silver at the annual event since 1953. Latvia won their first ice hockey World Championship medal earlier on Sunday after holding on for a 4-3 win over the United States in Tampere to claim bronze. Reporting by Tommy Lund in Gdansk Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ 'Anatomy of a Fall' border collie fetches Cannes Palm Dog in fiercest contest yet
▼ + stars: | 2023-05-26 | by ( Mindy Burrows | ) www.reuters.com time to read: +2 min

[1/3] The 76th Cannes Film Festival - The Palm Dog Awards - Cannes, France, May 26, 2023. Stan, a Border Collie, receives the Palm Dog award on-behalf of the dog named Snoop of the film "Anatomie d'une chute" (Anatomy of a Fall). Messi played Snoop, a role which the jury said required a range of skills and emotions from its doggie actor, making the border collie a worthy winner of the main Palm Dog prize. "It's probably the greatest award ever, so we are truly, truly overwhelmed," said Jussi Vatanen, who stars alongside Alma Poysti in the tragicomedy about a budding romance. The Palm Dog awards have honoured the top dogs on screen since 2001, with categories added this year including Mutt Moment and Highly Commended Canine.

☆ Finland's Kaurismaki back in Cannes competition after over a decade
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +2 min

[1/5] The 76th Cannes Film Festival - Screening of the film "Kuolleet lehdet" (Fallen Leaves - Les feuilles mortes) in competition - Red Carpet Arrivals - Cannes, France, May 22, 2023. Director Aki... Read moreCANNES, May 22 (Reuters) - Finnish director Aki Kaurismaki is back in competition for the Cannes Film Festival's top prize after more than a decade with his 20th film, "Fallen Leaves," which premiered on Monday. Under a sweltering afternoon sun, Kaurismaki, 66, was joined on the red carpet by his lead actors Alma Poysti and Jussi Vatanen. Written and directed by Kaurismaki, "Fallen Leaves" is his first feature in six years. "Fallen Leaves" is Kaurismaki's fifth competition title at Cannes.

☆ European banks face renewed selling pressure
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +8 min

So people are acting with their feet and continuing to sell bank stocks. ING ECONOMICS TEAM (emailed) "Most European banks are impacted by these events mainly via the more cautious market sentiment. "It seems like post what happened to Credit Suisse last weekend, two things might be at play here. “European banks probably suffered from contagion from what was going on in the US, where the regional banks seem to be under pressure in the rising rate environment. European banks have, in fact, had no fundamental issues whatsoever.

☆ Southeast Asian venture capital firms expect to be pickier in 2023 than in 2022
▼ + stars: | 2022-12-20 | by ( Sheila Chiang | ) www.cnbc.com time to read: +6 min

Venture capital-backed companies only raised $369 billion for the first three quarters of 2022, according to Crunchbase data. Malte Mueller | Fstop | Getty ImagesVenture capital firms in Southeast Asia will probably be pickier next year, with valuations plunging and economic headwinds slowing growth in 2022. Sequoia Southeast Asia raised a $850 million fund in June, East Ventures raised $550 million in July, and Insignia Ventures Partners raised $516 million in August. Indonesia-based e-grocery company HappyFresh ceased operations in Malaysia after seven years, while Grab discontinued its quick commerce service GrabMart Kilat in Indonesia. "The 15-minute model of quick commerce in Southeast Asia is very difficult because the unit economics are very negative.

☆ Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways
▼ + stars: | 2022-12-08 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Lauryn Ishak | Bloomberg | Getty ImagesMore tech startups in Southeast Asia laid off workers this year, as macro headwinds widened losses and venture capitalists pushed startups to extend their runways. Jia Jih Chai RainforestThey join Sea Group and other companies in the region in downsizing headcount. Sea Group, according to local media, laid off more than 7,000 employees over the past six months. Tech startups in Southeast Asia are still largely unprofitable, with names like Sea Group and Grab amassing billions of losses annually. Existing investors in the company are also actively advising founders to prepare for winter, Jussi Salovaara, Antler's co-founder and managing partner for Asia, told CNBC.

☆ Arctic data cable linking Europe to Japan secures first investment
▼ + stars: | 2022-12-02 | by ( Anne Kauranen | ) www.reuters.com time to read: +2 min

The subsea cable, which the developers say will be the first to be laid on the Arctic seabed, will connect Europe and Japan via North America as part of the global internet infrastructure. An earlier plan to run the cable along the Russian Arctic coastline, in a venture with Russia's second-biggest mobile phone operator Megafon (MFON.MM), was cancelled last year. This was due to Russia's increased reluctance to authorise the cable being laid in its territorial area, Finland's Cinia, the company leading the Far North Fiber consortium, said. Far North Fiber is a joint venture between Cinia, U.S.-based Far North Digital and Japan's Arteria Networks (4423.T). Far North Fiber gave no value for the investment but a source said one pair of fibres was worth around 100 million euros, with a further 100 million in maintenance costs required throughout its 30-year lifespan.

☆ Shiffrin claims second World Cup slalom win of weekend
▼ + stars: | 2022-11-20 | by ( ) www.reuters.com time to read: +1 min

[1/3] Alpine Skiing - FIS Ski World Cup - Slalom - Levi, Finland - November 20, 2022 Mikaela Shiffrin of the U.S. celebrates after winning the women's slalom competition Jussi Nukari/Lehtikuva via REUTERSNov 20 (Reuters) - American Mikaela Shiffrin won her second slalom of the weekend on Sunday to secure the 76th World Cup victory of her career. The 27-year-old triumphed again in Levi, Finland ahead of Switzerland's Wendy Holdener (+0.28), with Slovakia's Petra Vlhova (+0.68) in third. World Cup overall champion Shiffrin is now five wins behind Lindsey Vonn, who tops the women's list of most World Cup race victories, and 10 behind Ingemar Stenmark of Sweden for the overall record. "I really didn’t expect today, even after the first run, everyone who is racing is so strong right now," Shiffrin told reporters. Reporting by Tommy Lund in Gdansk, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

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