The European Union has sanctioned Rostelecom president Mikhail Oseevsky, Yandex deputy CEO Tigran Khudaverdyan, and VK Company CEO Vladimir Kiriyenko due to Russia’s invasion of Ukraine. The sanctions restrict the individuals from traveling to the EU or doing business with companies that operate there. The EU said that it enacted the sanctions due to “a blatant violation… Source link
Read More »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
Read More »The Nasdaq and New York Stock Exchange have halted trading in US-listed Russian stocks, following the invasion of Ukraine and the West leveling harsh sanctions against Russia. Among them were a number of tech companies, including search engine and cloud company Yandex, as well as telco Mobile TeleSystems (MTS), and e-commerce platform Ozon Holdings. Russia has also ordered its own stock market to remain closed as its economy and currency plunged in value. … Source link
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Shares in Russia’s largest tech company Yandex are down 71 percent compared to February 16. They dropped 54.4 percent directly after the invasion of Ukraine on February 23. The dramatic fall comes as part of a wider collapse of Russian stocks as investors fear growing turmoil and state sanctions. Yandex launched a public cloud service in 2018, initially for its home… Source link
Read More »The former Verizon Digital Media Services unit, including its serverless and Content Delivery Network (CDN) services, has rebranded as Edgecast as Apollo Global completes its acquisition of Yahoo!/Verizon Media. Edgecast offers Edge Computing, CDN, and streaming delivery services, as well as a Functions-as-a-Service (FaaS, also known as serverless computing) offering called [email protected] Verizon acquired Yahoo! In 2017 and merged it with its Verizon Digital Media Services business… Source link
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Russian search platform Yandex has signed up for wind power at its Mäntsälä data center in Finland. The company has signed a five-year power purchase agreement (PPA) with Finland’s Ilmatar Energy for energy from wind farms. From January 1, 2022, it will provide enough energy to power the Mäntsälä data center. The agreement is the headline news from the company’s first Sustainability Report, published this week. … Source link
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SoftBank Corp. subsidiary SB Power Corp. is to provide renewable energy to Yahoo Japan’s Shirakawa data center. Yahoo Japan said 95 percent of the electricity the company consumes in its business operations is through its data centers, and the company pledged in January to shift to 100 percent renewable energy by fiscal 2023. The electricity for the Shirakawa Data Centre… Source link
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