Yandex News

LONDON, March 7 (Reuters Breakingviews) – Russia is turning in on itself. Sanctions have hammered Moscow-linked stocks and in New York shares in search engine Yandex (YNDX.O), , until two weeks ago the darling of the Russian technology scene, have been suspended. The trading hiatus may activate a bond repayment it can’t afford. Even if it cuts a deal with creditors, Yandex’s future looks Kremlin-controlled. The Securities and Exchange Commission suspended trading in shares of Yandex and… Source link

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / March 7, 2022 / Yandex (NASDAQ:YNDX) and (MOEX:YNDX), a Netherlands-registered company and one of Europe’s largest internet businesses as well as the leading search and ride-hailing provider in Russia, today announced that Esther Dyson and Ilya Strebulaev have resigned from the Company’s Board of Directors, effective immediately. Ms. Dyson has served as an independent non-executive director since 2006 and Professor Strebulaev has… Source link

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / March 7, 2022 / Yandex (NASDAQ:YNDX) and (MOEX:YNDX), a Netherlands-registered company and one of Europe’s largest internet businesses as well as the leading search and ride-hailing provider in Russia, today announced that Esther Dyson and Ilya Strebulaev have resigned from the Company’s Board of Directors, effective immediately. Ms. Dyson has served as an independent non-executive director since 2006 and Professor… Source link

Russian technology conglomerate Yandex has halted its hardware testing in the US, namely its autonomous vehicles that were to be the backbone of its robotaxi fleet as well as a sidewalk robot delivery service. This news comes as the Russian invasion of Ukraine spills into its second week, with Russia facing sanctions from numerous countries as well as service suspensions from multinational tech companies. Though Yandex is registered in… Source link

The Rovers can operate wherever people walk, including through water and snow. Credit: Grubhub Inc. / PRNewswire. Online food-ordering and delivery platform Grubhub has discontinued its collaboration with Russian driverless robot developer Yandex, Reuters reported. The reason behind ending the partnership has not been divulged. However, the company’s decision has come at a time when some… Source link

The government has been urged to restrict the UK operation of Russia’s biggest technology company amid concern over its ties to the Kremlin. Yandex, Russia’s equivalent to Google, is headquartered in Moscow but operates in more than 17 countries and recently launched Yango Deli in London, a service offering 15-minute delivery to households of food, alcohol and toiletries. The parent company, which offers map, search, taxi and shopping services, has been subject to sanctions in Ukraine… Source link

Russian technology company Yandex said that it was “pausing” its autonomous vehicle and sidewalk robot testing in the US. The news was first reported by Automotive News. The company said it was shutting down its robotaxi fleet in Ann Arbor, Michigan, as well as a delivery service with Grubhub powered by its six-wheeled sidewalk robots. “We hope to resume the operations in the future,” a spokesperson said. The news comes as Russia’s invasion of Ukraine continued to send… Source link

Russian self-driving tech company Yandex has placed its operations in the U.S. on hold. The company said Friday it has paused testing of its robotaxi fleet in Ann Arbor, Michigan, and is no longer making restaurant deliveries with its six-wheeled sidewalk Rover bots on college campuses across the country. “Our AV test fleet in Ann Arbor is grounded at the moment, but we hope to resume operations in the future,” a spokesperson told Automotive News. Yandex stopped its operations as Russia’s… Source link

Russian self-driving tech company Yandex has placed its operations in the U.S. on hiatus. The company said Friday it has paused testing of its robotaxi fleet in Ann Arbor, Mich., and is no longer making restaurant deliveries with its six-wheeled sidewalk Rover bots on college campuses across the country. “Our AV test fleet in Ann Arbor is grounded at the moment, but we hope to resume operations in the future,” a spokesperson told Automotive News. Yandex stopped its operations as Russia’s… Source link

Russian cloud and search giant Yandex warned that it might default on its debt, after it was suspended from trading on New York’s stock exchange. The company avoided immediately defaulting by paying a coupon due Thursday. Its Netherlands-based division transferred $4.7 million to holders of its $1.25 billion bond due 2025. Yandex’s debt has lost more than half its value in the past week, according to Trade Reporting and Compliance Engine (TRACE) pricing. … Source link