Yandex: Russian search engine warns it could default

Yandex: Russian search engine warns it could default

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

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Yandex, considered ‘Russia’s Google’, shaken and isolated by Putin’s war

Yandex, the company often referred to as “Russia’s Google”, has become increasingly isolated as Western investors and key partners abandon it in the wake of Vladimir Putin’s war in Ukraine. More than 75 per cent of the company’s value has been wiped off in the past six months, while plummeting dramatically as Russian forces began their attacks last week. Trading in the company’s shares was halted on Monday because of volatility. Widely seen as one of the jewels in the… Source link

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Yandex: Russian search engine warns it could default

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

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Grubhub ends driverless robot delivery partnership with Russia’s Yandex

People pass by a sign of Yandex company, a Russian internet search engine, at its headquarters in Moscow, December 2, 2014. REUTERS/Maxim Zmeyev Register now for FREE unlimited access to Reuters.com Register March 4 (Reuters) – Online food-ordering company Grubhub on Friday said it was ending a partnership with Russian tech giant Yandex NV (YNDX.O) for driverless robots that deliver food to college students. The announcement came as Russian firms are being shunned globally over the invasion of… Source link

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Evan McPherson upset coach by watching Dr. Dre

Evan McPherson had a stellar rookie season. The Cincinnati Bengals kicker connected on 84.8% of his field goals, including a 9-of-11 clip from 50-plus yards. He hit five game-winning kicks, with two of them arriving in the playoffs. In fact, he was perfect in the postseason, where he hit all 14 of his attempts to tie a record set by none other than Adam Vinatieri. But Bengals special teams coordinator Darrin Simmons is displeased. In fact, he’s still steaming over his kicker’s actions in the… Source link

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Russian Tech Giant Yandex Says Might Default

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

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L.A.’s most extravagant mansion sells for less than half its list price

After years of construction, a foreclosure and a bankruptcy, the Bel-Air mega-mansion known as ‘The One’ has been sold. (Allen J. Schaben / Los Angeles Times) The mega-mansion known as “The One” sold Thursday for $126 million at a bankruptcy auction. That’s a huge discount from its $295-million listing price, even with a 12% auction fee bringing the total to about $141 million. The Bel-Air property set a record for the costliest house sold at auction, but it fell well short of the California… Source link

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Google Suspends Advertising in Russia

Google said on Thursday night that it had suspended all advertising in Russia after the country’s internet regulator demanded that the company stop showing what it considered ads displaying false information about Russia’s invasion of Ukraine. Google said it took the rare step of pausing its advertising business in the country, including search, YouTube and display marketing. The move came a few days after the company suspended advertising of content produced by Russian state media…. Source link

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Google suspends all ad sales in Russia as censorship demands grow

The logo for Google LLC is seen at their office in Manhattan, New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register March 3 (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Thursday that it had stopped selling online advertising in Russia, a ban that covers search, YouTube and outside publishing partners. The move by the world’s top seller of online ads by revenue follows similar pauses in Russia by Twitter Inc Source link

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