Tag Archives: Pioneer

FRANKFURT, Germany (AP) — The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil, one of the biggest deals for Western-held companies to exit Russia since the invasion of Ukraine. The price reflects a 50% discount that Moscow imposes on companies from “unfriendly” countries like the Netherlands as… Source link

Terry Hall of the Specials performing at the Rock Against Racism show, Potternewton Park, Leeds, July 4, 1981. (Photo: David Corio/Redferns) Terry Hall, frontman for one of the most influential British new wave bands of the 1980s, the Specials, has died after a short, undisclosed illness, according to his bandmates. He was 63 years old. “It is with great sadness that we announce the passing, following a brief illness, of Terry, our beautiful friend, brother and one of the most brilliant… Source link

(Bloomberg) — European Union sanctions on the founder and former head of Russia’s most popular Internet search engine show how an increasing number of Russian businessmen are facing measures that aim to punish the Kremlin for the invasion of Ukraine. Most Read from Bloomberg Arkady Volozh promptly resigned from the board and as chief executive officer of Yandex NV after being sanctioned on Friday by the bloc, which said the company omitted content critical of the Russian government from its… Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Tuesday reported a second-quarter loss of $47.3 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Schiphol, Netherlands-based company said it had a loss of 14 cents. Earnings, adjusted for non-recurring costs, were 9 cents per share. The Russian search engine… Source link