Semiconductor Exports to Russia Said to Have Plunged by 90 Percent After Curbs Following Ukraine Invasion

Semiconductor Exports to Russia Said to Have Plunged by 90 Percent After Curbs Following Ukraine Invasion

ByNews Polite

Global exports of semiconductors to Russia have plummeted by 90 percent since the United States and allies slapped export controls on Moscow over its invasion of Ukraine, US Commerce Secretary Gina Raimondo said on Wednesday. Raimondo, speaking at an annual Commerce Department conference, also said that controls placed on Russia’s…

Shanghai High Court Categorises Bitcoin as Virtual Property Subject to Legal Protection

Shanghai High Court Categorises Bitcoin as Virtual Property Subject to Legal Protection

ByNews Polite

China’s expulsion of crypto miners and other judgements had effectively restricted crypto trading and associated operations within its borders, but a recent judgment from the country’s Shanghai High People’s Court finds Bitcoin to be a virtual asset with economic value that is protected by Chinese law. The judgement arrived in…

Disney+ Grows to Nearly 138 Million Subscribers, Even as Profit Slips Despite Return to Parks

Disney+ Grows to Nearly 138 Million Subscribers, Even as Profit Slips Despite Return to Parks

ByNews Polite

Disney on Wednesday said its profit slipped in the recently ended quarter but its theme parks and streaming service Disney+ were booming. The entertainment giant reported net income of $470 million (about Rs. 3,645 crore), just over half of the $912 million (about Rs. 7,075 crore) profit it made in…

US Said to Ramp Up Kaspersky Security Probe Amid Fears of Cyberattack During Ongoing Russia-Ukraine War

US Said to Ramp Up Kaspersky Security Probe Amid Fears of Cyberattack During Ongoing Russia-Ukraine War

ByNews Polite

US President Joe Biden’s administration ramped up a national security probe into Russia’s AO Kaspersky Lab antivirus software earlier this year amid heightened fears of Russian cyberattacks after Moscow invaded Ukraine, three people familiar with the matter told Reuters. The case was referred to the Commerce Department by the Department of…