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Intel becomes the latest tech firm to abandon Russia

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Several tech companies have exited Russia or reduced their activities in response to Russia’s invasion of Ukraine

U.S. chipmaker Intel has suspended its operations in Russia after listening to pleas from users.

“Intel continues to join the global community in condemning Russia’s war against Ukraine and calling for a swift return to peace,” Intel says, in a statement.

The company will still support its 1200 employees as they work through business disruption.

This comes a month after Intel announced it will stop shipments to customers in Russia and Belarus.

The exodus has been in response to Ukraine’s request to cloud computing and software companies to completely stop any dealings with Russia so the country’s economy is disrupted.

Several western sanctions have also been imposed causing companies to suspend business in Russia. Apple, Dell, and Microsoft are just a few names among the slew of companies that are no longer selling their products to Russia or doing any business with Russian clients.

The tech exodus has forced Russia to source its technology software needs domestically. This is new for the country as it has previously depended on western tech companies for their owned and operated IT systems, with servers from IBM, Dell, and Hewlett topping the Russian market.

Rijul Baath contributed to this report

Business

British lawmakers want to fine social media

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Social media companies could be fined if they don’t remove harmful content, according to a new plan from the UK Government

Lawmakers want to make it illegal to encourage users to harm themselves online.

It’s part of a crackdown on online behaviour on content that leads to self harm.

In a statement, Digital Secretary Michelle Donelan said these firms “can no longer remain silent bystanders”.

She says they’ll face fines for allowing this abusive and destructive behaviour to continue on their platforms.”

It follows the death of Molly Russell in 20-17, which sparked concern for harmful content online.

A coroner ruled social media platforms fed her content that “romanticised acts of self-harm”.

Sexually explicit materials will also be banned under the new policy.

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Twitter adds millions of users after cutting staff

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Twitter boss Elon Musk says new user signups to the social media platform are at an “all-time high”.

That’s despite his recent struggles with a mass exodus of advertisers and users fleeing to other platforms.

Musk says signups to Twitter are averaging over two million per day over the past week.

Reported impersonations on the platform spiked earlier this month, before and in wake of the Twitter Blue launch.

Musk says buying Twitter will speed up his ambition to create an “everything app” called X.

Musk’s “Twitter 2.0 The Everything App” will have features like encrypted DMs, longform tweets and payments.

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Business

Move over Black Friday, it’s Cyber Monday

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If you’ve still got a bit of cash left over from Black Friday sales, well today is Cyber Monday.

Officially kicking off today, the Cyber Monday sales are widely regarded as some of the biggest and best discounts you’ll see all year.

Some retailers are promising 80 percent discounts off top items.

Black Friday sales raked in a record $9.12 billion from online shoppers this year despite concerns about inflation and higher prices.

Inflation accounts for some of the increase this year, with people paying more to buy less.

Online sales for electronics spiked 221% on Friday compared to an average day in October, with top sellers including Apple MacBooks and watches.

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