Monthly Archives: June 2020

Russia’s Yandex says Putin-proposed tax benefits not ‘revolutionary’

MOSCOW, June 24 (Reuters) – A tax cut for IT companies in Russia, proposed by President Vladimir Putin, would not have a revolutionary benefit on internet giant Yandex, Chief Financial Officer Greg Abovsky said on Wednesday. Putin on Tuesday proposed cutting tax on IT companies’ profit to 3% from 20%, alongside an income tax increase for wealthy Russians, sending Yandex shares up more than 3%. (Reporting by Alexander Marrow Editing by David Goodman ) Our Standards:The Thomson Reuters Trust… Source link

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PLP Architecture unveils design for new Yandex HQ in Moscow

PLP Architecture is designing an innovative new smart headquarters for Yandex, the Russian technology giant, in the Gagarinsky District of Moscow. The inclusive, 170,000sqm campus will enable staff to have a healthy and sustainable place for seamless work and recreation, a space for inspiration and fun that will integrate technology with materiality to inspire new ideas and refined ways of working. The campus will be a striking yet sensitive addition to the city’s… Source link

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Yandex to Announce the Transaction and Yandex.Market Strategy Discussion Conference Call on June 24th Nasdaq:YNDX

MOSCOW and AMSTERDAM, June 24, 2020 (GLOBE NEWSWIRE) — Yandex (NASDAQ and MOEX: YNDX) today announced management will hold a conference call and webcast at 8:00 a.m. U.S. Eastern Time (3:00 p.m. Moscow time, 1:00 p.m. London time) to discuss the transaction and Yandex.Market strategy. Conference Call Wednesday, June 24, 2020 8:00 a.m. U.S. Eastern Time (3:00 p.m. Moscow time, 1:00 p.m. London time) Webcast (recommended option to listen the call) Source link

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Yandex shares surpass $50 on Moscow Exchange – Business & Economy

MOSCOW, June 23. /TASS/. Yandex shares updated historical maximum on the Moscow Exchange. The company’s securities grew by 5.9% and reached 3,444.8 rubles ($50.2) per share. By 18:20 Moscow time, the company’s slowed growth to 3.2% and were trading at 3,359 rubles ($48.92). The company’s shares increased after Russian President Vladimir Putin suggested reducing the insurance contributions rate from 14% to 7.6% and the income tax rate from 20% to 3% for IT companies. “I suggest… Source link

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Yandex and Sberbank agree to reorganize Yandex.Market and Yandex.Money Nasdaq:YNDX

MOSCOW, June 23, 2020 (GLOBE NEWSWIRE) — Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, announces that it has entered into a binding agreement with Sberbank to reorganize their two Joint Ventures – Yandex.Market and Yandex.Money. As a result of this transaction, Yandex will become the controlling shareholder in Yandex.Market, while simultaneously exiting the Yandex.Money joint venture. Tigran… Source link

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Abramovich Investment Helps Internet Firm Yandex Go It Alone

Roman Abramovich is taking a stake in Russia’s largest internet company, Yandex NV, giving it more firepower to buy out ecommerce partner Sberbank PJSC and accelerate a push into online retail. The billionaire owner of Chelsea Football Club and two partners — VTB Bank PJSC and a company owned by steel billionaires Alexander Abramov and Alexander Frolov — bought… Source link

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Yandex surprised by the design of a new headquarters

A park will be built near the headquarters, the first two floors will be occupied by cafes, pharmacies, beauty salons. Visitors can relax, play sports, have a snack. The staff will have access to dining rooms, coffee houses, gyms, and a swimming pool, as well as a spacious rooftop terrace. The facade of the building will be decorated with titanium panels. The headquarters of Yandex will become not only a home for employees and a comfortable space for local residents but also a large… Source link

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Microsoft is now pushing out Chromium-based Edge to all Windows 10 users

It is a while since Microsoft adopted the Chromium engine for the new version of Edge, and reception to the browser has been broadly positive. Until now, Microsoft has given Windows 10 users the choice between whether they what to use the new Chromium-based Edge, or stick with the old legacy version. But now that’s changing. The company is pushing out the browser via Windows Update to Windows 10 versions 1803, 1809, 1903, 1909, and 2004 — and it… Source link

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