Tag Archives: Economy

A day after lawmakers grilled the chief executives of the biggest tech companies about their size and power, Amazon, Apple, Alphabet and Facebook reported surprisingly healthy quarterly financial results, defying one of the worst economic downturns on record. Even though the companies felt some sting from the spending slowdown, they demonstrated, as critics have argued, that they are operating on a different playing field from the rest of the economy. Amazon’s sales were up 40 percent from a… Source link

MOSCOW, June 23. /TASS/. Yandex shares updated historical maximum on the Moscow Exchange. The company’s securities grew by 5.9% and reached 3,444.8 rubles ($50.2) per share. By 18:20 Moscow time, the company’s slowed growth to 3.2% and were trading at 3,359 rubles ($48.92). The company’s shares increased after Russian President Vladimir Putin suggested reducing the insurance contributions rate from 14% to 7.6% and the income tax rate from 20% to 3% for IT companies. “I suggest… Source link