International

Yandex and Hyundai Mobis announce partnership on self-driving vehicles

September 2, 2019

Yandex, the NASDAQ-listed Russian search giant, and Hyundai Mobis, a global manufacturer of automotive components, have agreed to jointly develop control systems for Level 4 and Level 5 autonomous vehicles. In the first phase, according to the memorandum of understanding announced yesterday, the partnership will focus on “developing a driverless prototype vehicle based on standard …

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Russian YouTube channel creates homemade copies of iconic Hollywood and TV trailers

March 15, 2019

For the past six months, a little-known YouTube channel called Studio 188 has been publishing homemade, low-budget versions of major Hollywood trailers and television intros – from Spiderman, to Batman, to Game of Thrones and others. Relying on household items like socks, sausages, and cellophane, and sometimes an application of face paint that would get them fired from American …

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Calvey ends first month in detention, business leaders express concern

March 19, 2019

As U.S. investor Michael Calvey ended his first month in detention on Thursday prominent Russian businessmen told President Vladimir Putin they are concerned the case will put pressure on business.    Russian state prosecutors have charged Calvey, the founder of the Baring Vostok private equity group, with fraud along with three other executives from his fund. Calvey denies …

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Russian-founded web server leader acquired by US company for $670 million

December 17, 2019

Nginx (pronounced “engine-x”), a US-based open source web server publisher with Russian origins, has been acquired by F5, a global leader in multi-cloud application services. The transaction amounted to “approximately $670 million,” the companies announced, for the full acquisition of Nginx. By this acquisition F5 aims to “bridge the divide between NetOps and DevOps with consistent …

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Meet retailers, experts, startups and investors at Fashion Tech Day (Moscow, May 16)

July 13, 2019

On May 16 the Moscow Technopolis expo center wlll play host to the second edition of Fashion Tech Day, a must-attend international conference dedicated to the fashion retail tech and e-commerce industries (see site in Russian or presentation in English). This event is co-organized by East-West Digital News and the venture fund The Untitled, in partnership …

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BRICS countries could launch integrated payment system

March 13, 2019

Brazil, Russia, India, China and South Africa are currently developing a common payment system designed to be used from any of the five countries with their local currencies. The Russian newspaper Izvestia has described some details of this project based on exchanges with representatives of the Russian sovereign fund RDIF and the Russian Bank Association, …

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Ukrainian-Russian startup raises $1.5 million to teach English to Polish and Spanish kids

March 7, 2019

AllRight.io, an e-learning startup with Ukrainian and Russian roots, has just secured $1.5 million in a funding round led by Buran Venture Capital. Founded in 2017, AllRight provides childrens aged 4-12 with courses of English as a foreign language. The startup claims to serve more than 1,700 active users monthly, essentially from Russia, with 150 …

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Google fixes “technical mistake” in maps that presented Crimea to Russian users as Ukrainian territory

March 6, 2019

Five year after Russia took control of the peninsula, the sovereignty dispute between Russia and Ukraine over Crimea is still sensitive for online service providers.  Thus, in an effort to comply with local laws regarding the depiction of international borders, Google has just “corrected an error that caused a small number of Russian iOS users” to …

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Moscow court rejects appeals against pre-trial detention of Baring Vostok top executives

March 4, 2019

On Wednesday, Thursday and Friday last week the Moscow Municipal Court rejected appeals against pre-trial detention for Baring Vostok’s top executives, including US citizen Michael Calvey, founder, French citizen Philippe Delpal, Partner, and Russian citizen Ivan Zyuzin, Investment Director. Baring Vostok, which does “not agree with the charges that have been brought against them,” announced …

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Baring Vostok case not about politics, but perhaps about geopolitics

April 1, 2019

“Sources close to the Kremlin” told independent TV station Dozhd that the arrest of Baring Vostok founder Michael Calvey on Feb. 15 – which President Putin at least knew about and perhaps endorsed – were caused by suspicions that the private equity firm funded Russian opposition groups. “They tried to shake things up before the …

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This accelerator aims to introduce Russian tech startups to French and global markets

March 5, 2019

One of the rare international acceleration programs locally available to Russian startups, Winno Moscow is preparing its fourth season this year, selecting some 10 projects among 200 applicants. After a four-month acceleration process, the selected startups will benefit from a one-week business trip in Paris, including a visit to Vivatech, France’s largest tech event, in May …

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Washington Post: US Cyber Command attacked Russian “troll factory” on day of 2018 midterms

February 28, 2019

“The US military blocked Internet access to an infamous Russian entity seeking to sow discord among Americans during the 2018 midterms,” The Washington Post wrote today. The strike targeted the Internet Research Agency in St. Petersburg, a company controlled by Kremlin-connected catering tycoon Evgeny Prigozhin. It was “part of the first offensive cyber campaign against …

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