Woman holds Russian Roubles in front of U.S. Dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register June 3 (Reuters) – The Russian rouble firmed past 62 to the dollar in Moscow trade on Friday while shares in internet giant Yandex (YNDX.O) fell sharply after EU countries imposed new sanctions against Russia. EU countries have agreed their sixth package of sanctions against Russia over what it calls… Source link
Read More »Black Swan Investor Is Watching for ‘Greatest Credit Bubble’ to Pop
(Bloomberg) — Mark Spitznagel is paid to be prepared for when the market’s weakest links are exposed in a big way. Most Read from Bloomberg Right now, the Universa Investments founder, whose fund aims to protect clients during black swan events, says the financial system is most vulnerable to “the greatest credit bubble of human history.” “If this credit bubble ever pops, it’s going to be the most catastrophic market failure that anyone has ever read about — but let’s hope that… Source link
Read More »Yandex CEO resigns after being targeted by EU sanctions By Reuters
© Reuters. FILE PHOTO: The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov (Reuters) -Russian internet giant Yandex (NASDAQ:) said on Friday that Arkady Volozh had stepped down as CEO and left the board of directors after the European Union included him on its latest list of sanctions against Russian entities and individuals. Volozh, who co-founded the Yandex search engine in 1997, was put… Source link
Read More »Yandex CEO Volozh resigns after EU sanctions
The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov Register now for FREE unlimited access to Reuters.com Register June 3 (Reuters) – Russian internet giant Yandex (YNDX.O) said on Friday Arkady Volozh has stepped down as CEO and left the board of directors after the European Union had included him on its latest list of sanctions against Russian entities. Volozh has transferred his voting power to the… Source link
Read More »Arkady Volozh Resigns as Executive Director and CEO of Yandex N.V. and Transfers his Voting Power to the Board
MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 3, 2022 / Yandex N.V., a Dutch public limited company and one of Europe’s largest internet businesses,today announces that Arkady Volozh, the company’s co-founder, has stepped down with immediate effect from his positionёs as Executive Director and Chief Executive Officer of Yandex N.V. and from his board and executive positions with its international subsidiaries. The European Union has imposed sanctions on Mr. Volozh personally…. Source link
Read More »Arkady Volozh resigns as Executive Director and CEO of Yandex N.V. and transfers his voting power to the Board
Arkady Volozh resigns as Executive Director and CEO of Yandex N.V. and transfers his voting power to the Board Moscow–Amsterdam, June 3, 2022— Yandex N.V., a Dutch public limited company and one of Europe’s largest internet businesses, today announces that Arkady Volozh, the company’s co-founder, has stepped down with immediate effect from his positionёs as Executive Director and Chief Executive Officer of Yandex N.V. and from his board and executive positions with its… Source link
Read More »Google to pay Illinois residents $100M in privacy lawsuit settlement
ROCKFORD, Ill. — Illinois residents are eligible to receive part of a $100 million class-action settlement after Google was accused of violating privacy laws in the state. The tech giant was accused of violating the Biometric Information Privacy Act regarding its use of a face regrouping tool in the Google Photos app. Google used the tool to sort faces it spots in photographs by similarity. However, according to the suit, the company did not receive consent from millions of users before… Source link
Read More »Google and Russia’s delicate dance
San Francisco CNN Business — Russia has spent months either driving out American tech firms or watching them leave of their own accord over its war in Ukraine. But the country now finds itself stuck in a stalemate with one big tech company: Google. Many of Google’s services, including search, maps, Gmail and, perhaps most importantly, YouTube, continue to be available in Russia at a time when… Source link
Read More »Here comes the ‘good news is bad news’ jobs report: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, June 3, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. The May jobs report will drop in a few hours — or will have dropped a few hours ago, depending on when you check your inbox — and investors will be watching closely. But this report is also… Source link
Read More »bne IntelliNews – Oil embargo, SWIFT, Yandex CEO and National Depository part of EU’s sixth sanction package
The European Council has officially adopted the EU sixth sanction package for Russia’s military invasion of Ukraine, according to the June 3 announcement and the official EU journal entry. As followed by bne IntelliNews, the EU leaders have agreed in principle to cut 90% of Russian oil imports… Source link
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