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Russian Banking Giant Sber Makes Massive Pivot to Tech

November 30, 2020

Sberbank, Russia’s largest bank and the 33rd-biggest on earth, has made a huge pivot to tech, as it bids to revamp its image for the digital age. Today the Moscow-headquartered firm inaugurated…

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As Belarus’ Dictator Flails, a Tech Leader Waits

June 25, 2020

It’s an election year in Belarus, “Europe’s Last Dictatorship,” which means: propaganda, police violence, and political repression. On Thursday Victor Babaryko, the biggest challenger to incumbent Alexander Lukashenko, was jailed on tax…

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Eugene Kaspersky Launches Tourism Accelerator, Takes Aim at Russian Hackers

May 14, 2020

If Russian cybersecurity magnate Eugene Kaspersky rarely steps away from a challenge, this week has been even more combative than usual. On Tuesday the Moscow-based chief of Kaspersky Lab gave an interview…

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RTP Global Launches $650m Early-stage Fund

March 3, 2020

Russian investment firm RTP Global has announced a $650 million early-stage fund – its biggest to date by far. The Moscow-headquartered company will plough its cash into startups in Europe, North America,…

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World Cup VAR is a Disaster Waiting to Happen

June 12, 2018

On Thursday Russia and Saudi Arabia will contest the first match of this year’s FIFA World Cup, the biggest competition in soccer – and most viewed sporting event on earth. Soccer is…

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Mark Zuckerberg Finally Says Sorry – Is It Too Late?

March 22, 2018

Facebook chief Mark Zuckerberg has broken his five-day silence on the Cambridge Analytica affair, telling users the company’s policies represented “a breach of trust between Facebook and the people who share their…

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St Petersburg’s Startups Must Continue to Bootstrap, as Russia’s Economy Limits Investors to Moscow

November 27, 2017

St Petersburg is Europe’s fourth largest city, with 5.3 million inhabitants. It dwarfs other continental hubs like Berlin, Barcelona, Lisbon and Stockholm. But one of the three that outweighs it is Moscow.…

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Ukrainian Innovators Make Break for Energy Independence

June 21, 2017

Amid the fallout of Ukraine’s continued eastern conflict, its energy sector has come under intense scrutiny. The 2014 annexation of Crimea wrested a huge amount of energy potential away from the former…

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Ukraine’s Post-Maidan Tech Economy: A Confusing Web of Hope and Hardship

May 8, 2017

They call them the Aitishniki: the IT workers. They drive around in fancy cars, drink flat whites from cafés with English on the chalkboard and eat at flashy new restaurants. They can…

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Kreditech Learns to Innovate Like a Startup, and Work Like a Bank

April 6, 2017

Kreditech’s high-flung office offers a spectacular, 360-degree view of its hometown of Hamburg. That is, when it is sunny. When Red Herring visited the fintech firm’s HQ earlier this year, the German…

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Investment Roundup

Saudi Startup Foodics Gets $20m Cash Injection

Saudi Arabian firm Foodics, which has created an all-in-one restaurant

The Exit Report

Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

Israeli venture capital fund YL Ventures has sold its stake in compatriot

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