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Sony Set To Bring PlayStation Network Back Online in Asia

After a long period of downtime, Sony has announced that it will start restoring its PlayStation Network in some Asian countries on Saturday. The company recently restored the network, which had been incapacitated by a series of hacker attacks for nearly a month, in most parts of the world. But users have still been waiting for PSN to get back online in Asia. That’s about to change — for some countries, at least. According to a statement from the company, it will first restore online gaming and chat in Japan, Taiwan, Singapore, Malaysia, Indonesia and Thailand on Saturday. PSN will remain down in South Korea and Hong Kong until further notice. The restoration of PSN was delayed in Asia, as authorities in some countries had asked Sony to prove it had taken security measures to protect the customers’ data. Sony is also offering a “Welcome Back” gift package to users in Hong Kong, Singapore, Malaysia, Thailand and Indonesia, similar to gift packages offered in other parts of the world. As Sony slowly cleans this mess, the cost of the PSN hack and the resulting downtime has built up: Sony directly lost $171 million due to the incident. The damage to its reputation, as well as the loss of users’ trust, might end up hurting Sony even more. More About: asia, Gaming, online, playstation network, PSN, sony

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After a long period of downtime, Sony has announced that it will start restoring its PlayStation Network in some Asian countries on Saturday. The company recently restored the network, which had been incapacitated by a series of hacker attacks for nearly a month, in most parts of the world. But users have still been waiting for PSN to get back online in Asia. That’s about to change — for some countries, at least.

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According to a statement from the company, it will first restore online gaming and chat in Japan, Taiwan, Singapore, Malaysia, Indonesia and Thailand on Saturday.

PSN will remain down in South Korea and Hong Kong until further notice. The restoration of PSN was delayed in Asia, as authorities in some countries had asked Sony to prove it had taken security measures to protect the customers’ data. Sony is also offering a “Welcome Back” gift package to users in Hong Kong, Singapore, Malaysia, Thailand and Indonesia, similar to gift packages offered in other parts of the world. As Sony slowly cleans this mess, the cost of the PSN hack and the resulting downtime has built up: Sony directly lost $171 million due to the incident. The damage to its reputation, as well as the loss of users’ trust, might end up hurting Sony even more. More About: asia, Gaming, online, playstation network, PSN, sony

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Sony Set To Bring PSN Back Online in Asia

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Myanmar

Digital Revolution and Repression in Myanmar and Thailand

Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.

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By Karen Lee

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Following the February 1 coup, Myanmar’s netizens became the latest to join the #MilkTeaAlliance, an online collective of pro-democracy youth across Asia.

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How will oil prices shape the Covid-19 recovery in emerging markets?

Oxford Business Group

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How will oil prices shape the Covid-19 recovery in emerging markets?
– After falling significantly in 2020, oil prices have returned to pre-pandemic levels
– The rise has been driven by OPEC+ production cuts and an improving economic climate
– Higher prices are likely to support a rebound in oil-producing emerging markets
– Further virus outbreaks or increased production would pose challenges to price stability

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A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.

Brent crude prices rose above $60 a barrel in early February, the first time they had exceeded pre-Covid-19 values. They have since continued to rise, going above $66 a barrel on February 24.

The ongoing increase in oil prices, which have soared by 75% since November and around 26% since the beginning of the year, marks a dramatic change from last year.

Following the closure of many national borders and the implementation of travel-related restrictions to stop the spread of the virus, demand for oil slumped globally.

In the wake of the Saudi-Russia price war in early 2020, Brent crude prices fell from around $60 a barrel in February that year to two-decade lows of $20 a barrel in late April, as supply increased and demand plummeted. The value of WTI crude – the main benchmark for oil in the US – fell to record lows of around $40 a barrel last year on the back of a lack of storage space.

While global demand for oil remains low, one factor credited with reversing the trend is the decision to make significant cuts to oil production, which subsequently tightened global supplies.

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Tech

How the Rural-Urban Divide Plays Out on Digital Platforms

It is one thing for entrepreneurs, whether urban or rural, to create and operate an online store, as some digital platforms have made it relatively easy to manage an e-store – even by using just a smartphone.

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In the West, villages are emptying out due to the lack of economic opportunities. Consider Italy where, in a bid to attract newcomers, a handful of municipalities have turned to selling houses for €1.

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