Tag Archives: giant

Alexei Kudrin, who resigned as head of Russia’s Audit Chamber last week, said on Monday he had accepted an offer from technology giant Yandex to become an adviser on corporate development. Yandex last month announced a review of a possible sweeping governance overhaul that would leave its major business units in Russia under new ownership. (This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) Source link

The Russian search engine company Yandex was once considered the star of the Russian web economy, but then came the Putin regime’s attack on Ukraine. Yandex’s leadership is now trying to save what can be saved and seeks salvation primarily outside of Russia. Yandex has long been referred to as the Russian Google, and that was not only an auxiliary term for the fact that its core business is a search engine but also due to its success and broad portfolio of services. But… Source link

Russian tech giant Yandex has said it is reorganizing its operations, moving to cut its ties with Russia in a restructuring that solidifies government control over a company once seen as a bellwether for the country’s digital economy. The announcement comes after months of internal turmoil, with executives departing, the sale of the two of the company’s best-known products, and company shares hitting basement prices prior to being frozen on international stock exchanges. “These are… Source link

Russian tech giant Yandex has said it is reorganizing its operations, moving to cut its ties with Russia in a restructuring that solidifies government control over a company once seen as a bellwether for the country’s digital economy. The announcement comes after months of internal turmoil, with executives departing, the sale of the two of the company’s best-known products, and company shares hitting basement prices prior to being frozen on international stock exchanges. “These are… Source link

Russian internet giant Yandex’s Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia. Yandex NV said it had started a “strategic process to review options to restructure the group’s ownership and governance in light of the current geopolitical environment“. “As part of the intended restructuring of the group, the board anticipates that Yandex NV will in due… Source link

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Nov 25 (Reuters) – Russian internet giant Yandex’s (YNDX.O) Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia. Yandex N.V. said it had started a “strategic process to review options to restructure the group’s ownership and governance in light… Source link

Over the past years, Russian search and tech giant Yandex made an effort not to fall behind its Western counterparts and had developed its own smart devices, self-driving cars, as well as its own food delivery and ride-sharing services, among other products. According to The New York Times, though, the West’s sanctions against its home country after the invasion of Ukraine has made it impossible to continue developing and improving its projects. That’s why Yandex’s parent firm, which is… Source link

Russian internet giant Yandex’s Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia. From a report: Yandex N.V. said it had started a “strategic process to review options to restructure the group’s ownership and governance in light of the current geopolitical environment.” “As part of the intended restructuring of the group, the… Source link

Cars driving through Kyiv on Wednesday after Russian missile strikes on energy facilities across Ukraine.Credit…Brendan Hoffman for The New York Times KYIV, Ukraine — Utility crews worked through the dark night in snow and freezing rain to stabilize Ukraine’s battered energy grid on Thursday after another destructive wave of Russian missile strikes, restoring essential services like running water and heat in many parts of the country even as millions remained without power. Ukrainians… Source link

Alexei Kudrin, a longtime ally of President Vladimir Putin, is expected to assume a leadership position in the restructuring of Russian tech giant Yandex, state media reported on Friday. Yandex is awaiting Putin’s blessing to sell its main operations in Russia and appoint Kudrin to its new structure, several reports indicated earlier this week. Yandex’s main products include its popular internet browser, as well as food delivery and taxi-hailing… Source link