Sunday, August 25, 2019
Russia banking giant Sberbank and international accelerator 500 Startups are launching a joint development program for Russian IT start-ups, working in areas such as E-commerce, Digital Medicine, and Advertising Technology, according to Gva.vc. The 25 strongest teams will be selected for the accelerator. Each start-up will receive seed investment of up to...
A Russian court today ruled that the Russian subsidiary of U.S. technology conglomerate Hewlett-Packard (HP) must pay a $1.9 million levy destined to compensate intellectual property rights holders, the Russian legal news agency RAPSI reported. A Moscow commercial court rejected an appeal by the company and ordered it to pay...
A bill introducing high administrative fines for incompliance with Russia’s data localization law entered the Russian State Duma this month, Interfax reported. Proposed fines for first offense amount to 2,000,000 – 6,000,000 rubles (around US$30,000 – 90,000) for companies. Repeated offense by legal entities is punishable with fines in the...
The family of a former Russian first deputy prime minister owns a Dubai villa worth about $8 million, according to a private database of the emirate’s real estate, an investigation by the Organized Crime and Corruption Reporting Project (OCCRP) reveals. According to the report, relatives of Igor Shuvalov, who...
Russian startup Bartini and engineers from Russia’s National University of Science and Technology (MISiS) in Moscow have successfully flight tested a prototype flying taxi, according to Moscow Evening News. The 5 x 5m (16 x16ft) EVTOL (electrical vertical take-off and landing) air taxi features ducted propellers that rotate perpendicular to the vehicle’s...
Russia’s legal online betting industry could be in for a shakeup as legislators announced plans to abolish the self-regulatory organizations (SROs) that represent licensed bookmakers’ interests, KalvinAyre.com reports. This month, gambling affiliate Betting Business Russia reported that the Ministry of Economic Development was preparing legislation to abolish the country’s three SROs...
U.S. Ambassador to Russia Jon Huntsman moderated a discussion this week between Russian and American companies on the future of artificial intelligence (AI) and payment systems, U.S. Embassy in Moscow spokesperson Andrea Kalan said on Wednesday. "Ambassador Huntsman hosted a discussion between U.S. and Russian companies on the future of...
The export volumes of Russian software and development services climbed from 10% to 12% in 2017 reaching $8.5 billion, Kommersant reported citing data provided by the Russian Software Developers Association (RUSSOFT). The anti-Russian sanctions have hurt Russian software sales in the United States and the European Union, which made...
A Russian hacker group known as Fancy Bear tricked key U.S. contract workers into exposing their email to theft, possibly revealing secrets of military drones and other sensitive U.S. defense technology, an Associated Press investigation has found. It is uncertain what may have been stolen, but the hackers clearly exploited a...
A local newspaper in Russia, Edinstvo Nizhnekamsk, was found guilty for breaching advertising norms by publishing cryptocurrency-related content. The publication will be liable to pay a fine for the breach, Crowdfund Insider reports. The announcement read: “Investing in crypto-currencies: Bitcoin, Ethereum, Zcash. Creating and setting up mining farms.” The publication in question is alleged of...