Yandex News

Yandex (YNDX), which handles about 60% of internet search traffic in Russia and operates a big ride-hailing business, said Thursday that it may be unable to pay its debts as a consequence of the financial market meltdown triggered by the West’s unprecedented sanctions. The company is based in the Netherlands, but its shares are listed 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 and around… Source link

Russian tech giant Yandex warned Thursday it may default on its debt after it was suspended from trading on New York’s digital stock exchange. Nasdaq and the New York Stock Exchange this week halted all listings of Russian companies until they explain how they will be impacted by sanctions imposed by the U.S. and its allies in the wake of Moscow’s invasion of Ukraine. In a press release published Thursday, Yandex, which is legally headquartered in the Netherlands but has its… Source link

[unable to retrieve full-text content]Grubhub pulls delivery robots from 2 US campuses due to Russian ties  WCTI12.com Source link

Two U.S. university campuses are losing their food-delivery robots for now because of Russia’s invasion of Ukraine. Grubhub said Thursday that it is ending its partnership with Russian tech company Yandex and pulling 100 Yandex-made food-delivery robots from the campuses of Ohio State University in Columbus, Ohio, and the University of Arizona in Tucson, Arizona. Chicago-based Grubhub said it is working with both campuses to find alternatives. Grubhub had been… Source link

By Josh Beckerman Yandex NV said the company and its subsidiaries aren’t a target of sanctions against Russia, nor are any members of its board, management or principal shareholders. The search engine and ride-hailing company, in an “update on the impact of current geopolitical developments,” said it is analyzing new export controls and working closely with vendors. Yandex is one of several U.S.-listed Russian stocks that have been halted after Russia’s invasion of… Source link

Two U.S. university campuses are losing their food-delivery robots for now because of Russia’s invasion of Ukraine. Grubhub said Thursday that it is ending its partnership with Russian tech company Yandex and pulling 100 Yandex-made food-delivery robots from the campuses of Ohio State University in Columbus, Ohio, and the University of Arizona in Tucson, Arizona. Chicago-based Grubhub said it is working with both campuses to find alternatives. Grubhub had been using the robots to… Source link

Two U.S. university campuses are losing their food-delivery robots for now because of Russia’s invasion of Ukraine. Grubhub said Thursday that it is ending its partnership with Russian tech company Yandex and pulling 100 Yandex-made food-delivery robots from the campuses of Ohio State University in Columbus, Ohio, and the University of Arizona in Tucson, Arizona…. Source link

Grubhub had been using the robots to deliver food on campus at Ohio State since August. The company launched robot delivery at the University of Arizona last November. The company says it was doing 1,000 deliveries a day between the two campuses. Yandex is Russia’s largest internet search and ride-hailing company. Toby Snuggs, head of sales for the Yandex Self-Driving Group, confirmed the split with Grubhub and said the robots will be sent to other locations outside the… Source link

MOSCOW, RUSSIA and AMSTERDAM, the NETHERLANDS / ACCESSWIRE / March 3, 2022 / Yandex (NASDAQ:YNDX)(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 provided an update on the impact of current geopolitical developments on the Company. In recent days, a number of governments, including those of the United States, United Kingdom and European Union, have adopted new sanctions on… Source link

(Bloomberg) — A Russian telecommunications company has paid a coupon due Thursday on dollar bonds, in a relief to investors who fretted over whether Russian companies will continue servicing their foreign-currency bonds. Most Read from Bloomberg Search engine Yandex NV, the group’s entity based in The Netherlands, transferred $4.7 million to holders of its $1.25 billion bond due 2025, according to two bondholders who spoke on condition of anonymity. It’s the first foreign-currency coupon… Source link