Tag Archives: Business

Russian internet search engine Yandex has separated its cloud platform Yandex.Cloud into an independent business unit. The decision was taken on the back of the platform’s strong results in 2018-2020. Yandex.Cloud revenues have tripled since the start of the year.  More than 7,000 business customers currently use Yandex.Cloud for business development. The user base includes SMEs, large private companies and state-owned companies working in various segments of economy. Large… Source link

Italy’s competition authority has opened an antitrust investigation into Google’s display ad business — adding another allegation of abuse of a dominant position to the tech giant’s regulatory woes. In a press release announcing the action the AGCM said it “questions the discriminatory use of the huge amount of data collected through its various applications, preventing rivals from competing effectively as well as adversely affecting consumers”. The probe follows a… Source link

SCHIPHOL, Netherlands (AP) — Yandex NV (YNDX) on Wednesday reported third-quarter net income of $278 million. The Schiphol, Netherlands-based company said it had net income of 77 cents per share. Earnings, adjusted for non-recurring gains, came to 27 cents per share. The Russian search engine posted revenue of $732.1 million in the period. Yandex shares have increased 37% since the beginning of the year. The stock has risen 77% in the last 12 months. Copyright by Automated Insights, Inc. All… Source link

By Tatiana Voronova, Katya Golubkova * VTB to develop grain business for next 3-5 years – CEO * Has no plans to cut stake in grain unit further – CEO * Wants closer cooperation with Yandex * Full Kostin quotes in Russian MOSCOW, Oct 28 (Reuters) – Russia’s VTB bank, which has transformed itself into a major grain trader within a year, plans to remain in the grain business for the next three to five years, Andrey Kostin, the chief executive of the state-controlled lender, told Reuters. VTB,… Source link

While acknowledging the increased clout it has gained from the popularity of its mostly free services, Google says it remains true to its founding principles to organize the world’s information. The Mountain View, California, company also denies any wrongdoing and intends to fight the suit filed Tuesday by the Justice Department, just as Microsoft did. Like other seminal Silicon Valley companies such as Hewlett-Packard and Apple, Google started in a garage — one that Page and Brin rented… Source link

TECH TRUST-BUSTING: As the Justice Department accuses Google of antitrust violations, Jim Gallagher and David Nicklaus debate whether the tech giant is living up to its “Don’t Be Evil” motto. Tags The_bottom_line Bottom … Source link

Google Maps gets a new feature — here’s how it works. Angela Lang/CNET Google announced on Thursday that it expanded its… Source link

MOSCOW, October 16. /TASS/. The deal on the purchase of TCS Group – the parent company of Tinkoff Bank – by Russian Internet giant Yandex will not happen, since the parties could not come to an agreement, according to the Group’s statement said on the London Stock Exchange. “Following further discussions, including with Tinkoff’s controlling shareholder, the parties have agreed not to proceed with the Potential Transaction. Negotiations between the parties with respect to the Potential… Source link

BEREA, Ohio — A virtual open house on Oct. 29 will introduce owners of small businesses to Grow with Google, an online resource for entrepreneurs. The free Zoom session is the latest in a series of Berea Biz Talks. The Biz Talks are hosted by the City of Berea, the Ohio Small Business Development Center and the Digital Marketing Clinic at Baldwin Wallace University. Grow with Google will discuss free resources and services to help businesses launch new enterprises, expand, and create… Source link

Yandex will increase its stake in the new company (Yandex SDG) to 73% and invest anadditional $150 million in its future development MOSCOW and AMSTERDAM, Sept. 04, 2020 (GLOBE NEWSWIRE) — Yandex N.V. (NASDAQ and MOEX: YNDX) and Uber today entered into agreements to spin off the self-driving vehicles business, Yandex Self Driving Group B.V. (“Yandex SDG”) from their ride-hailing and foodtech joint venture, MLU B.V. Following these transactions, Yandex SDG will be directly owned by… Source link