Tag Archives: Mln

Google commits $740 mln to Australia months after threatening pull-out

A smartphone with a Google app icon is seen in front of the displayed Australian flag in this illustration, January 22, 2021. REUTERS/Dado Ruvic/Illustration SYDNEY, Nov 16 (Reuters) – Google will spend A$1 billion ($736 million) in Australia over five years, the tech giant said on Tuesday, just months after it threatened to pull its services from the country in response to tougher government regulation. The main operating unit of Alphabet Inc (GOOGL.O) said it planned to expand cloud… Source link

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Russia’s Yandex to launch cloud business in Germany, invest $30 mln initially

The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo MOSCOW, Sept 24 (Reuters) – Russian internet firm Yandex (YNDX.O) plans to launch its cloud business in Germany in 2022, with an initial investment of $30 million, the company said ahead of its annual Yandex.Scale cloud conference on Friday. Yandex.Cloud’s revenue is seen tripling to around 3 billion roubles in 2021 but, having launched in… Source link

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S.Korean antitrust agency fines Google $177 mln for abusing market dominance

Google app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo SEOUL, Sept 14 (Reuters) – South Korea’s antitrust regulator on Tuesday fined Alphabet Inc’s (GOOGL.O) Google 207 billion won ($176.64 million), saying the U.S. technology giant abused its dominant market position to restrict competition in the mobile operating system market. The Korea Fair Trade Commission (KFTC) investigated Google for allegedly blocking local smartphone… Source link

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Russia fines Google 3 mln rbls for violating personal data law

MOSCOW, July 29 (Reuters) – Russia on Thursday fined Google 3 million roubles ($41,017) for violating personal data legislation, Google’s first fine for that offence, Moscow’s Tagansky District Court said. Google confirmed the fine and offered no further comment. The penalty comes amid a wider standoff between Russia and Big Tech, with Moscow routinely fining social media giants for failing to remove banned content and seeking to compel foreign tech firms to open offices in Russia. read more

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Russia’s Yandex ups 2021 e-commerce investment plan to $650 mln -CFO

MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link

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Russia’s Yandex ups 2021 e-commerce investment plan to $650 mln -CFO

MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link

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Russia’s Yandex ups 2021 e-commerce investment plan to $650 mln -CFO

MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link

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UPDATE 4-Tokyo Olympics opening draws 16.7 mln U.S. TV viewers, a 33-year low

(Adds comment from executive) By Helen Coster July 24 (Reuters) – NBC’s broadcast of the Tokyo Olympic Games opening ceremony drew 16.7 million viewers, the smallest U.S. television audience for the event in the past 33 years, according to preliminary data from Comcast-owned NBCUniversal on Saturday. Across all platforms, including NBCOlympics.com and the NBC Sports app, 17 million people watched the ceremony, NBCUniversal said in an email. The streaming audience on those platforms grew 76% from… Source link

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France fines Google 500 mln euros over copyright row

PARIS, July 13 (Reuters) – France’s antitrust watchdog slapped a 500 million euro ($593 million) fine on Alphabet’s Google (GOOGL.O) on Tuesday for failing to comply fully with temporary orders it had given in a row with the country’s news publishers. The U.S. tech giant must within the next two months come up with proposals on how it would compensate news agencies and other publishers for the use of their news. If it does not do that, it would face additional fines of up to 900,000 euros per… Source link

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Italy fines Google $123 mln for abuse of dominant position

Italy’s competition watchdog said on Thursday it had fined Google (GOOGL.O) 102 million euros ($123 million) for abuse of its dominant position due to its Android mobile operating system and app store Google Play. “Through android and the app store Google Play, Google has a dominant position which allows it to control the reach app developers have on final users,” the regulator said in a statement, adding that almost three-quarters of Italians use smartphones running on Android. The… Source link

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