For Russians who fear that someone might be eavesdropping on their telephone conversations, leading IT entrepreneur Natalya Kaspersky says she has a solution.
At a business forum on Friday in Moscow, she presented the “TaigaPhone,” a smartphone created by InfoWatch Group, her software development company, costing about 15,000 rubles (US$261).
The TaigaPhone is entirely green to represent the Russian northern forest after which it is named and has a 5-inch touch screen.
“We have created it for the corporate market,” said Kaspersky, president of InfoWatch Group and cofounder of Kaspersky Lab, Russia’s leading antivirus software development company that some believe might have links to Russian intelligence.
In July, the US government removed Kaspersky Lab from its list of approved vendors, weeks after top US intelligence agency and law enforcement officials expressed concerns about the safety of its software.
The company has repeatedly denied working with any Russian government agency.
The TaigaPhone is not the first Russian-made smartphone.
YotaPhone, which first appeared on the market in 2013, is back this year with the YotaPhone 3.
InfoWatch wants to sell TaigaPhone to Russian companies for 12,000 rubles to 15,000 rubles, nearly five times cheaper than the cost of an iPhone in Russia.
“Half of all data loss in Russia happens on mobile devices; we intend to fix that problem with the TaigaPhone,” company representative Grigoriy Vasilyev told investors at the forum.
InfoWatch says the device can guarantee the confidentiality of all TaigaPhone users, track the location of each device and prevent information leakage.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to