DIRS.INFO The most relevant business & tech news

☆ Turkey's Erdogan to visit Russia 'soon' to discuss grain deal
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] Russia's President Vladimir Putin and Turkey's President Tayyip Erdogan meet on the sidelines of the 6th summit of the Conference on Interaction and Confidence-building Measures in Asia (CICA), in Astana, Kazakhstan October 13, 2022. Sputnik/Vyacheslav Prokofyev/Pool via REUTERS Acquire Licensing RightsISTANBUL, Aug 28 (Reuters) - Turkish President Tayyip Erdogan will visit Russia soon to discuss the collapsed United Nations deal that had allowed Black Sea exports of Ukrainian grain, a spokesperson for Turkey's ruling AK Party said on Monday. Ankara is seeking to persuade Russia to return to the agreement, under which Odesa's seaports shipped tens of millions of tons of grain. Omer Celik, the AK Party spokesperson, said Erdogan would visit Russia's Black Sea resort of Sochi "soon" but did not specify whether he would meet Russian President Vladimir Putin. "After this visit there may be developments and new stages may be reached regarding" the grain deal, he told reporters.

Persons: Vladimir Putin, Tayyip Erdogan, Vyacheslav Prokofyev, Moscow, Omer Celik, Erdogan, Putin, Ali Kucukgocmen, Jonathan Spicer, Conor Humphries Organizations: Sputnik, REUTERS Acquire, Rights, United Nations, AK, UN, AK Party, Bloomberg, Thomson Locations: Asia, Astana, Kazakhstan, Rights ISTANBUL, Russia, Turkey, Ankara, Sochi, India

☆ North Korea is finally reopening after Covid. And it still requires a one-week quarantine
▼ + stars: | 2023-08-27 | by ( Irene Nasser | ) edition.cnn.com time to read: +1 min

CNN —North Korea has announced it will allow its citizens living abroad to return home in an easing of its coronavirus-era border controls. Recent moves by North Korea, which closed its borders in early 2020 in response to the pandemic, have signaled that the country is reopening, but Pyongyang will still require even returning citizens to quarantine on arrival. “Those who return will be put under proper medical observation at quarantine wards for a week,” it said in the announcement. The news comes after a North Korean flight from Pyongyang arrived in Beijing on Tuesday, in what was the first known international commercial flight to leave North Korea since January 2020. Flights between North Korea and Russia are also set to resume, with four flights between Pyongyang and Vladivostok this month.

Organizations: CNN, Epidemic, North Korean Taekwondo, 22nd, North Locations: Korea, China, North Korea, Pyongyang, Korean, Beijing, Russia, Vladivostok, Kazakhstan’s, Astana, North Korean

Stick with us, and we'll show you how to watch the 2023 US Open with free live streams available to virtually anyone. How to watch the US Open live stream free from anywhereYou can catch most of the key US Open action using one of the free live streams available. When: August 28 - September 10How to watch the US Open in the USAESPN has the rights to the US Open live streams in the US. How to watch the US Open for free in New ZealandTVNZ is streaming the US Open free online. How to watch the US Open in EuropeMost European countries can stream the US Open through Eurosport.

Persons: Novak Djokovic, Carlos Alcaraz, Daniil Medvedev, John Isner, Iga, Coco Gauff, Marketa, We've, you'll, ExpressVPN, Stan Sport Organizations: New Zealand, TVNZ, ESPN, USA ESPN, ESPN2, ESPN Deportes, ESPN Plus, Subscription, Australia Viewers, New Zealand TVNZ, Sky Sports, Sports Network, TSN, Bell, TSN Plus, Eurosport, Tennis, Sunday Locations: Australia, New, 9Now, New Zealand, Canada, Europe, Albania, Andorra, Armenia, Azerbaijan, Belgium, Bosnia, Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Greece, Hungary, Iceland, Israel, Kazakhstan, Kosovo, Kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Sweden, Switzerland, Tajikistan, Turkey, Turkmenistan, Ukraine, Uzbekistan

☆ North Korea approves return of its citizens from abroad after COVID lockdown
▼ + stars: | 2023-08-26 | by ( ) www.reuters.com time to read: +2 min

A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, July 19, 2022. REUTERS/Kim Hong-Ji/Pool Acquire Licensing RightsSEOUL, Aug 27 (Reuters) - North Korea has approved the return of its citizens who were abroad after years of strict border restrictions during the COVID pandemic, state media reported on Sunday as the isolated country cracks open its border to passenger travel. "Those returned will be put under proper medical observation at quarantine wards for a week," the statement said. Cargo train and ship traffic has slowly increased over the past year, but North Korea has only just begun to allow some international passenger travel. Many foreign delegations closed their embassies in Pyongyang because they were unable to rotate staff or ship in supplies for much of the pandemic.

Persons: Kim Hong, lockdowns, Soo, hyang Choi, Daniel Wallis Organizations: REUTERS, Rights, Epidemic, Koryo, North, Thomson Locations: Gijungdong, North Korea, Panmunjom, South Korea, Rights SEOUL, Pyongyang, Beijing, China, Russian, Kazakhstan

☆ 'It seems inevitable': A $254 million hedge fund manager warns that banking and fiscal crises are coming as reckless government spending gets out of hand — but investors can avoid the pain by making t
▼ + stars: | 2023-08-24 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Investors should prepare for fiscal, banking, and energy crises, a hedge fund manager warned. And thanks to a strong performance in July, the $254 million hedge fund has risen 16.8% after fees in 2023. Oil prices came under pressure when government reserves were released, but Kupperman said that's not a viable long-term recipe for reasonable energy prices. He expects a massive spike in oil prices in either 2024 or 2025, which will greatly benefit companies tied to the commodity. The investing opportunity Kupperman said he's most excited about is uranium, which he's playing through the Sprott Physical Uranium Trust.

Persons: Capital's Harris Kupperman, he's, Harris Kupperman, Kupperman, —, He's, he'll, we've, Macrotrends Banks, it's, that's, Joe, JOE Organizations: Praetorian Capital Management, Praetorian, Fund, Treasury, Uranium Trust, Energy, Florida Panhandle Locations: Kazakhstan, Uzbekistan, Russia, Ukraine, Florida

☆ Russians aren't the only victims of the ruble's implosion — the weak currency is also hitting migrant Central Asians who repatriate the cash
▼ + stars: | 2023-08-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The weak Russian ruble is hurting Central Asian workers in Russia too, per Radio Free Europe. At least 6 million Central Asians work as migrant laborers in Russia. At least 6 million Central Asians work as migrant laborers in Russia. One dollar buys around 95 rubles now, as compared to the 74 rubles it could buy at the start of 2023. The situation is so serious that about half of migrant laborers are considering leaving Russia due to the weak currency, the Vedomosti business daily reported last Tuesday, citing a survey among the Uzbek diaspora in Russia.

Persons: Serik Belgibay Organizations: Central, Radio Free Europe, Service, Russia, Radio Free, Facebook, Kazakh Locations: Russia, Wall, Silicon, Tajikistan, Kyrgyzstan, Kazakhstani, Kazakh, Kazakhstan

A man walks past a sign of Geely's new premium electric vehicle (EV) brand Zeekr at its factory in Ningbo, Zhejiang province, China April 15, 2021. Geely in December said Zeekr had confidentially filed for a U.S. IPO, without detailing size or listing date. If successful, a $1 billion IPO would be the largest U.S. listing by a Chinese firm for over two years since ride-hailing giant Didi raised $4.4 billion in mid 2021. Geely, formally Zhejiang Geely Holding Group (GEELY.UL), established Zeekr in April 2021 to tap into increasing Chinese demand for high-end EVs. ($1 = 7.2883 Chinese yuan renminbi)Reporting by Julie Zhu in Hong Kong and Scott Murdoch in Sydney; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: HONG KONG, Geely, Zeekr, Didi, Andy, Julie Zhu, Scott Murdoch, Christopher Cushing Organizations: REUTERS, Yilei, U.S, Zhejiang Geely Holding, Thomson Locations: Ningbo, Zhejiang province, China, HONG, Hangzhou, Hong Kong, Singapore, London , New York, Boston , California, U.S, Zhejiang, Netherlands, Sweden, Israel, Kazakhstan, Sydney

☆ China EV maker Zeekr to start investor tour ahead of $1 billion U.S. IPO
▼ + stars: | 2023-08-23 | by ( ) www.cnbc.com time to read: +2 min

A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. Geely in December said Zeekr had confidentially filed for a U.S. IPO, without detailing the size or listing date. If successful, a $1 billion IPO would be the largest U.S. listing by a Chinese firm for over two years since ride-hailing giant Didi raised $4.4 billion in mid-2021. Geely, formally Zhejiang Geely Holding Group, established Zeekr in April 2021 to tap into increasing Chinese demand for high-end EVs. ($1 = 7.2883 Chinese yuan renminbi)

Persons: Geely, Zeekr, Didi, Andy Organizations: Auto Shanghai, U.S, Zhejiang Geely Holding Locations: Shanghai, China, Zeekr, Hangzhou, Hong Kong, Singapore, London , New York, Boston , California, U.S, Zhejiang, Netherlands, Sweden, Israel, Kazakhstan

☆ U.S. Open 2023: dates, schedule, seeds and how to watch on TV
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +3 min

* The three main showcourts at the U.S. Open are Arthur Ashe Stadium, Louis Armstrong Stadium and the Grandstand. * Arthur Ashe Stadium (capacity: 23,771) is named after the only Black man to claim singles titles at Wimbledon, the U.S. Open and the Australian Open. * Louis Armstrong Stadium (capacity: 14,053) was named after jazz great Armstrong who lived a few blocks from the venue until he died in 1971. * Poland's Iga Swiatek, the French Open champion, is the women's world number one and will defend her New York crown. * Latin America & Caribbean: ESPN Brazil, ESPN Caribbean, ESPN Latin America (North and South), TV Globo.

Persons: Spain's Carlos Alcaraz, Norway's Casper Ruud, Violeta Santos Moura, Arthur Ashe, Louis Armstrong, Armstrong, Holder Carlos Alcaraz, Swiatek, Carlos Alcaraz, Novak Djokovic, Daniil Medvedev, Holger Rune, Casper Ruud, Andrey Rublev, Taylor Fritz, Frances Tiafoe, Sabalenka, Jessica Pegula, Elena Rybakina, Coco Gauff, Caroline Garcia, Maria Sakkari, Vondrousova, Karolina Muchova, Stan Sport, Shrivathsa Sridhar, Pritha Sarkar Organizations: U.S, United States Tennis Association, National, OPEN, U.S ., Louis, Wimbledon, Australian, Open, WHO, TOP, MEN, Sports, SuperSport, Eurosport, Sky Sports, Telefonica, Oceania, Digicel, MIGU, TVNZ, Sony Sports Network, Caribbean, ESPN Brazil, ESPN Caribbean, ESPN, America, TV Globo, beIN, TSN, Thomson Locations: Murcia, Spain, New York, Serbia, Russia, Denmark, Norway, Italy, Greece, United States, Poland, Belarus, Kazakhstan, Jabeur, Tunisia, France, Czech Republic, Africa, Europe, SuperTennis, India, Bengaluru

☆ Russian e-commerce firm Ozon loses latest appeal against Nasdaq delisting
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

Ozon, one of Russia's top e-commerce companies, raised nearly $1 billion in an initial public offering (IPO) in late 2020, a debut that sparked a mini-IPO boom for Russian firms. Trading in Ozon's securities on Nasdaq was suspended soon after Russia despatched troops to Ukraine in February 2022, as were Russian company listings on the London Stock Exchange. "Our ADSs will not be delisted from Nasdaq until all available review and appeal procedures and periods available under the Nasdaq listing rules have expired," Ozon said in a statement. In late July, Ozon's ADSs began trading on Kazakhstan's Astana International Exchange (AIX), a move that it said could increase liquidity, especially for international investors to trade its securities. Russian recruiter Headhunter's securities have already been delisted from Nasdaq, but payments provider Qiwi (QIWI.O) and tech giant Yandex (YNDX.O) were thrown a lifeline to remain on Nasdaq, provided they divest entirely of their Russian assets.

Persons: Ozon, Ozon's ADSs, Olga Popova, Alexander Marrow, Mark Potter Organizations: Nasdaq, Trading, London Stock Exchange, Kazakhstan's Astana International Exchange, Thomson Locations: Russia, Ukraine MOSCOW, Ukraine, Moscow, London

☆ How Russia is using US tech to build cruise missiles to devastate Ukraine, despite sanctions meant to stop it
▼ + stars: | 2023-08-22 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Russia has found new ways of obtaining US tech for its cruise missiles. Officials, experts, and media reports have laid out the routes Russia is using to import the banned or restricted technology. Ukrainian officials last Tuesday said that Russian K-100 cruise missiles used in recent attacks were built in 2023, using more than 30 foreign components, meaning that Western sanctions weren't working. The Kazakhstan back door for tech suppliesThe US sanctions include a ban on the sale of technology that could be used by Russia to build weapons. According to the Economist report, logic boards from California-made Altera Flex have been used in building the KH-100 cruise missiles Russia has used in attacks on Ukrainian cities and infrastructure.

Persons: Andriy Yermak, STRINGER, Gary Sommerville, we've, Sommerville, Mykola Danilyuk, Danilyuk Organizations: US, Service, Getty, Royal United Services Institute, Kazakhstan's, National, Russia, Kazakh, Russian, Silverado, New York Times, Free Russia Foundation, eBay, Amazon Locations: Russia, Wall, Silicon, Ukraine, Russian, Kazakhstan, Kazakh, US, Armenia, Ukrainian, California

BEIJING/SEOUL, Aug 22 (Reuters) - An Air Koryo flight from Pyongyang landed in Beijing early on Tuesday for the first time since the COVID-19 pandemic lockdowns began in 2020, as North Korea cracks open its border to some passenger travel. Cargo train and ship traffic has slowly increased over the past year, but North Korea has only just begun to allow some international passenger travel. Since the end of 2019, U.N. Security Council resolutions have required that all countries deport North Korean workers. The current Chinese ambassador to North Korea, Wang Yajun, had to wait 15 months after being named for the job before he could enter the country this March to take up his role. The Chinese foreign ministry said on Monday that Beijing had approved North Korea's state carrier Air Koryo resuming flights to China.

Persons: lockdowns, Koryo, Simon Cockerell, Kim Jong, Wang Yajun, Sophie Yu, Brenda Goh, Laurie Chen, Tian, Josh Smith, Jacqueline Wong, Raju Gopalakrishnan Organizations: North, Association of Asian Studies, Air Koryo, Civil Aviation Administration, China, Air China, Thomson Locations: BEIJING, SEOUL, Pyongyang, Beijing, North Korea, China, Russian, Kazakhstan, Vladivostok, Russia, U.N, Korea's, Koryo, Seoul

☆ What is BRICS, which countries want to join and why?
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +4 min

All the BRICS countries are part of the Group of 20 (G20) of major economies. WHICH NATIONS WANT TO JOIN BRICS AND WHY? It has received backing from Russia and Brazil to join the BRICS. Bolivia's President Luis Arce has expressed interest in BRICS membership and is expected to attend the summit. Algeria said in July it has applied for BRICS membership and to become a shareholder in the New Development Bank, the so-called BRICS Bank.

Persons: Commerce Wang, Competition Ebrahim Patel, Goldman Sachs, Jim O'Neill, Luis Arce, Bhargav Acharya, Olivia Kumwenda, Tomasz Janowski Organizations: Commerce, Africa's, Trade, Industry, Competition, of Trade, Economic, United Nations, World Bank, of, Petroleum, WHO, Democratic, U.S, New Development Bank, BRICS Bank, Thomson Locations: South Africa, China, JOHANNESBURG, Brazil, Russia, India, Johannesburg, United States, United, Iran, Saudi Arabia, United Arab Emirates, Argentina, Algeria, Bolivia, Indonesia, Egypt, Ethiopia, Cuba, Democratic Republic of Congo, Comoros, Gabon, Kazakhstan, Cape Town

☆ Russia's Luna-25 spacecraft suffers technical glitch in pre-landing maneuver
▼ + stars: | 2023-08-19 | by ( ) www.cnbc.com time to read: +3 min

Russia reported an "abnormal situation" Saturday on its moon-bound Luna-25 spacecraft, which launched earlier this month. The spacecraft is scheduled to land on the south pole of the moon on Monday, racing to land on Earth's satellite ahead of an Indian spacecraft. The lunar south pole is of particular interest to scientists, who believe the permanently shadowed polar craters may contain water. Also on Saturday, the Russian spacecraft produced its first results. A previous Indian attempt to land at the moon's south pole in 2019 ended when the lander crashed into the moon's surface.

Persons: Roscosmos, Luna, Russia's, Egorov, Vladimir Putin Organizations: 2.1b, Vostochny, Soviet Union, Baikonur Locations: Amur, Russia, Russian, Soviet, Soviet Union, United States, China, India, Ukraine, Kazakhstan

☆ Fact Check-Niger has not banned uranium exports to France and EU
▼ + stars: | 2023-08-18 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

The 122-word caption reads in part: “Uranium Ban in Niger Sparks Protests and Energy Crisis in France and the EU’ Niger, with the world’s 7th largest uranium deposits, has banned exports to France and the EU. Despite reported fears of it happening, the country did not declare any plans to halt uranium exports as of the time of writing, Aug. 16 (here). RUSSIAN OILAlthough the European Union has banned certain types of oil supplies from Russia, the region continues to receive Russian oil. In addition, Russian pipeline oil supplies to the EU are excluded from the EU ban. Niger has not announced the halt of uranium exports to France and the EU, as of Aug. 16, and parts of the EU do still receive Russian oil.

Persons: Mohamed Bazoum, Euratom, Read Organizations: European Union, Niger Sparks, Energy, EU, World Nuclear Association, Reuters, Canada, French Le Monde Locations: Niger, France, Europe, Russia, Ukraine, Nigerien, Kazakhstan, French, Bulgaria, Russian, Hungary, Slovakia, Czech Republic

☆ China's defense minister Li Shangfu warns against 'playing with fire' on Taiwan during Russia meeting
▼ + stars: | 2023-08-16 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +5 min

CNN —China’s defense minister Li Shangfu on Tuesday warned against “playing with fire” when it comes to Taiwan in a veiled jab at the United States as he addressed a security conference in Russia. Speaking at the Moscow Conference on International Security, Li said attempts to “use Taiwan to contain China,” would “surely end in failure,” according to state-run news agency Xinhua. China’s ruling Communist Party claims the self-governing democracy of Taiwan and has vowed to take control of it, by force if necessary. The visit is Li’s second to Russia since assuming his role as defense chief earlier this year. Putin’s invasion of Ukraine has also drawn increased attention to Taiwan as a potential security flashpoint in Asia.

Persons: CNN —, Li Shangfu, “, Li, China’s, Vladimir Putin, Xi Jinping, Sputnik, Sergei Shoigu, William Lai, Lai, ” Organizations: CNN, Moscow Conference, International Security, Xinhua, Communist Party, Washington, Senior, US, Taiwan Locations: Taiwan, United States, Russia, China, Ukraine, Taipei, Moscow, Belarus, ”, Iran, Myanmar, Beijing, “, Xinhua, Russian, Alaska, Saudi Arabia, Kazakhstan, Vietnam, Paraguay, New York, Asia

☆ Hindenburg Research targets $4.6 billion Kazakh brokerage for allegedly helping Russian oligarchs evade sanctions
▼ + stars: | 2023-08-15 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Timur Turlov, CEO of Freedom Finance brokerage speaks to Reuters during the interview in the office in Moscow, Russia October 10, 2019. Freedom Holding Corp. was founded in Moscow in 2008, before later moving to Kazakhstan, and listed on the Nasdaq in 2019. After Russia invaded Ukraine early last year, U.S. sanctions essentially severed ties between American and Russian banks and companies. But according to a report from Hindenburg on Tuesday, those ties remain tight. One former senior executive alleged to Hindenburg that Russian money laundering was rampant.

Persons: Timur Turlov, Jack Dorsey's Block, Carl Icahn, Freedom, Hindenburg's, Hindenburg, OFAC, I've Organizations: Freedom Finance, Reuters, Hindenburg Research, Freedom Holding, Nasdaq, Freedom, noncompliance, U.S . Treasury Department's, Foreign Assets, SEC, European Union, Freedom's, Ukraine Locations: Moscow, Russia, Kazakhstan, Ukraine, Hindenburg, Russian, United Kingdom, Belizean

☆ Turkmenistan rebukes Russia over 'gas union' comments
▼ + stars: | 2023-08-12 | by ( ) www.reuters.com time to read: +2 min

A 3D printed natural gas pipeline is placed in front of displayed Turkmenistan flag in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/File PhotoASHGABAT, Aug 12 (Reuters) - Turkmenistan warned Russia on Saturday against trying to extend its influence over the Central Asia-China natural gas supply chain after Moscow said more countries could join its "gas union" with Kazakhstan and Uzbekistan. Turkmenistan, Uzbekistan and Kazakhstan all pump gas to China via a pipeline crossing the three countries; the lion's share of gas comes from Turkmenistan as the two other countries have faced strong growth in domestic gas demand. Russia, trying to open up new Asian markets for its gas after Western sanctions, said last year it was forging a gas union with Kazakhstan and Uzbekistan that would streamline shipping and exporting gas to them and to third parties. Russia's foreign ministry said this week the gas union could be expanded as other countries were interested in joining it; it did not name any.

Persons: Dado, Marat Gurt, Olzhas, David Evans Organizations: REUTERS, Central, Gazprom, Thomson Locations: Turkmenistan, ASHGABAT, Russia, Central Asia, China, Moscow, Kazakhstan, Uzbekistan, Ashgabat

☆ Insight: What happens when a $2 million gene therapy is not enough
▼ + stars: | 2023-08-12 | by ( Deena Beasley | ) www.reuters.com time to read: +13 min

Their experience raises broader questions around other high-cost gene therapies coming to market, sometimes after accelerated regulatory approvals, drug pricing experts said. Gene therapies work by replacing genes – the body's blueprint for its development. The gene Zolgensma delivers instructs the body to make a protein vital for muscle control. If gene therapies do fall short, it becomes harder to justify prices that researchers have argued are already poor value. More recently, the first hemophilia gene therapy approved by the U.S. Food and Drug Administration was priced by CSL Behring at $3.5 million; 26 more gene therapies are in late-stage development, according to IQVIA.

Persons: Elizabeth Kutschke, Ben, Zolgensma, Ben Kutschke, neurologists, Sitra Tauscher, Wisniewski, Ben's, Roger Hajjar, Brigham Gene, Kutschke, Vasant Narasimhan, Stacie Dusetzina, Roche's, Biogen, Roche, Maha Radhakrishnan, Steven Pearson, It's, Sree Chaguturu, Amanda Cook, Weston, Jackson, Cook, Elizabeth, Jerry Mendell, Russell Butterfield, –, Biogen's, Mendell, UMR, Spinraza, Eric Cox, Caroline Humer, Sara Ledwith Organizations: Reuters, U.S, Novartis, IQVIA Institute, Human Data, Novartis Gene Therapies, Mass, Cell Therapy, U.S . Food, Drug Administration, CSL Behring, CSL, Nashville's Vanderbilt University School of Medicine, Clinical, Economic, CVS Health, Aetna, SMA, Nationwide Children's Hospital, University of Utah Health, Children's, UnitedHealth, Thomson Locations: Oak Park, Berwyn , Illinois, Swiss, U.S, Lebanon , Virginia, United States, Columbus , Ohio, Russia, Kazakhstan, Chicago

☆ Arkady Volozh: Co-founder of Yandex, Russia's Google equivalent, slams 'barbaric' invasion of Ukraine
▼ + stars: | 2023-08-10 | by ( ) edition.cnn.com time to read: +2 min

The co-founder of Russian internet giant Yandex, Arkady Volozh, on Thursday condemned what he described as Moscow’s “barbaric” invasion of Ukraine, days after criticism in Russia over his apparent efforts to distance himself from the country. He has also been criticized by those opposed to Russia’s actions for not speaking out more forcefully against the war. “Russia’s invasion of Ukraine is barbaric, and I am categorically against it,” Volozh said in a statement. Volozh developed Yandex (YNDX) in Russia, creating the country’s largest tech company and its leading search engine. Volozh called the EU’s decision “misguided.”Yandex is pursuing a corporate restructuring that should ultimately see its main revenue-generating businesses inside Russia spun off from its Dutch-registered parent company, Yandex NV.

Persons: Arkady Volozh, Volozh, ”, ” Volozh, “, —, Yandex Organizations: European Union, Yandex NV, Nasdaq Locations: Ukraine, Russia, Kazakhstan, Ukraine —, Israel, Moscow

Arkady Volozh, Co-Founder and Chief Executive Officer of Yandex Group of Companies, attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia June 7, 2019. REUTERS/Maxim Shemetov/File PhotoAug 10 (Reuters) - The co-founder of Russian internet giant Yandex (YNDX.O), Arkady Volozh, on Thursday condemned what he described as Russia's "barbaric" invasion of Ukraine, days after criticism in Russia over his apparent efforts to distance himself from the country. "Russia's invasion of Ukraine is barbaric, and I am categorically against it," Volozh said in a statement. Volozh developed Yandex in Russia, creating the country's largest tech company and ultimately taking it public on the U.S. Nasdaq stock exchange in 2011. Since Russia invaded Ukraine in February 2022, Yandex has sought to balance domestic pressure on one side with its Western investors on the other.

Persons: Arkady Volozh, Maxim, Volozh, –, Yandex, Alexander Marrow, Jason Neely Organizations: Yandex, of Companies, St ., Economic, REUTERS, U.S, Nasdaq, European Union, Thomson Locations: St, St . Petersburg, Russia, Ukraine, Kazakhstan, Ukraine –, Israel, Yandex

☆ Top economist Paul Krugman says food inflation has mostly been caused by Russia
▼ + stars: | 2023-08-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Food inflation has mostly been brought on by Russia, top economist Paul Krugman said. The Nobel laureate pointed to accelerating food prices over the past year, with the Food and Agriculture Organization's Food Price Index rising to 123.9 in July. But the primary driver of "foodflation" exists outside of the US -- and lies largely in the hands of Russia, Krugman argues. Russia's invasion of Ukraine also spiked fertilizer prices, as the nation is one of the world's largest exporter of fertilizer. Still, Russia's impact is still "at the top of the list" for culprits driving food inflation.

Persons: Paul Krugman, Vladimir Putin, Krugman, Biden, That's, Putin Organizations: Service, Soaring, Food, Agriculture, That's, Observers, Cleveland Fed Locations: Russia, Ukraine, Wall, Silicon, Kazakhstan, Odesa, Europe

☆ House Oversight GOP claims they don’t need to find direct payments to Joe Biden to prove corruption in Hunter Biden business dealings memo
▼ + stars: | 2023-08-09 | by ( Annie Grayer | ) edition.cnn.com time to read: +7 min

“President Biden’s defenders purport a weak defense by asserting the Committee must show payments directly to the President to show corruption,” the House Oversight Republicans wrote. “It appears no real services were provided other than access to the Biden network, including Joe Biden himself. Even though Hunter Biden was not directly involved, House Oversight Republicans are attempting to show how a portion of the $3.5 million was transferred into multiple accounts until it entered an account connected to Hunter Biden. In a 2020 Senate report, Republicans revealed the existence of the payment from Baturina to a company tied to Hunter Biden’s business associates. The memo focuses on deals and transactions Hunter Biden made with foreign oligarchs and leaders in Russia, Ukraine and Kazakhstan.

Persons: Joe Biden, Hunter, Biden’s, ” Hunter Biden, Republicans –, Donald Trump –, Biden, “, Ian Sams, ”, Jamie Raskin, Trump’s, Hunter Biden, Joe Biden’s, James Comer, Devon Archer, Archer, Yelena Baturina, Café, –, ” Archer, Hunter Biden’s, Comer Organizations: CNN, “, Republicans, Biden Administration, White, House Republicans, Democrat, Democratic, “ Republicans, Republican, Burisma, Café Milano Locations: Maryland, Kazakhstan, Russia, Ukraine, Kentucky, Ukrainian, Burisma

☆ Opinion | Why Are Groceries So Expensive?
▼ + stars: | 2023-08-08 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

For example, a White House blog post on grocery prices cited, among other things, “pandemic-induced shifts in food demand from restaurants to groceries.” This is a version of the toilet-paper problem. Part of the issue was that the toilet paper sold in stores is different from the toilet paper sold to businesses and restaurants, and when millions of people suddenly began staying home, the industry temporarily found itself producing the wrong kind of stuff. Also, getting food into your shopping cart involves a number of costs over and above the price of food commodities. If it were, we wouldn’t have seen egg prices come down as fast as they went up. But what caused that global food spike?

Organizations: Kazakhstan Locations: Ukraine, Soviet Union, Russia

☆ The wartime economy is making Russians hoard cold hard cash more than ever — the money in circulation reached a record $187 billion in June
▼ + stars: | 2023-08-08 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

In June, the amount of cash in circulation in Russia hit a record $187 billion, per its central bank. Russians are hoarding cold, hard cash amid economic uncertainty, an economist told Novaya Gazeta. Compensation to families of dead fighters and increased demand in Russian-occupied Ukrainian regions also add to the cash in circulation. In June, the amount of cash in circulation in Russia hit a record 17.9 trillion rubles, or $187 billion, data from the Russian central bank shows. To tame inflation, the Russian central bank its central bank raised interest rates by one percentage point on July 21 — double the 0.5 percentage point analysts polled by Reuters had expected.

Persons: Igor Lipsits, there's, Alexey Zabotkin, Wagner, Nikolay Korzhenevsky Organizations: Novaya Gazeta, Service, HSE University, RBC, Wagner Group, Bloomberg, Reuters Locations: Russia, Wall, Silicon, Russian, Ukraine, —, Kazakhstan, Russia's

Search resuls for: "KAZAKHSTAN"

25 mentions found