The fine line of “unprecedented” sanctions against Russia 2:38 London (CNN Business) — Yandex, Russia’s biggest search engine, could collapse as the financial fallout from the Ukraine invasion spreads. Yandex, which controls around 60% of Russia’s Internet search traffic and operates a large trucking business, warned late on Thursday that it may be unable to pay its debts as a result of the financial market collapse triggered by the unprecedented wave of sanctions from the… Source link

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Google’s Senior Vice President Sundar Pichai gives a keynote address during the opening day of the 2015 Mobile World Congress (MWC) in Barcelona on March 2, 2015. Lluis Gene | AFP | Getty Images Google has suspended all advertising in Russia. The decision comes after Russia’s internet watchdog, Roskomnadzor, accused YouTube, a division of Google, of running large advertising campaigns to misinform Russians about the country’s invasion of Ukraine. Roskomnadzor had demanded that Google stop… Source link

The U.S. economy added back the most jobs since July 2021 in February, with job growth accelerating even in the already-tight labor market as new Omicron cases from earlier this year came down. The Labor Department released its February jobs report Friday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Non-farm payrolls: +678,000 vs. +423,000 expected and an upwardly revised +481,000 in January Unemployment rate: 3.8% vs. 3.9%… Source link

(Adds detail) MOSCOW, March 4 (Reuters) – Russian internet giant Yandex on Friday warned that a trading suspension on its Nasdaq-listed shares could trigger a redemption right on a convertible bond that it does not have the resources to cover. Unprecedented Western sanctions over Moscow’s invasion of Ukraine have hammered Russia’s financial system and investors have dumped Russian assets from the rouble to bonds and stocks. Yandex said that a suspension of trading of its Class A shares on… Source link

MOSCOW, March 4 (Reuters) – Russian internet giant Yandex (YNDX.O) on Friday warned that a trading suspension on its Nasdaq-listed shares could trigger a redemption right on a convertible bond that it does not have the resources to cover. Unprecedented Western sanctions over Moscow’s invasion of Ukraine have hammered Russia’s financial system and investors have dumped Russian assets from the rouble to bonds and stocks. Yandex said that a suspension of trading of its Class A shares on Nasdaq of… Source link

Google has released a new home page for Google Analytics 4 properties. Google said “the Home page surfaces information that’s relevant to you based on your behavior in Analytics.” Google added that “you can use the page to monitor traffic, navigate around Analytics, and get insights about your websites and mobile apps.” Google said the new home page “provides more personalized content as you continue to use Analytics.” How to see it. To access it, click on… Source link

(Bloomberg) — Russia is on course for an economic collapse that will rival or even eclipse the size of the 1998 slump which followed its debt default, although the financial fallout may be less than then. Most Read from Bloomberg Days after President Vladimir Putin ordered troops into Ukraine, economists are starting to publish forecasts for what is currently the world’s eleventh largest economy, even though they warn the outlook is opaque and subject to revision. JPMorgan Chase & Co.’s… Source link

Russian banker Mikhail Fridman has a net worth of $10 billion.AP/Alexander Zemlianichenko Russian banker Mikhail Fridman stepped down from the board of the investment firm he cofounded. Fridman was barred from entering LetterOne’s offices and speaking to employees, per the FT. The billionaire is among oligarchs sanctioned by the EU in response to Russia’s invasion of Ukraine. Russian billionaire and banker, Mikhail Fridman, was locked out of the investment firm he cofounded after he was hit by… Source link

Yandex (YNDX), which controls about 60% of internet search traffic in Russia and operates a big ride-hailing business, warned late Thursday that it may be unable to pay its debts as a consequence of the financial market meltdown triggered by the West’s unprecedented wave of sanctions. The company is based in the Netherlands, but its shares trade on the Nasdaq and the Russian stock exchange. Dealing in the stock has been suspended this week as the value of Russian assets collapsed in Moscow… Source link