The government has been urged to restrict the UK operation of Russia’s biggest technology company amid concern over its ties to the Kremlin. Yandex, Russia’s equivalent to Google, is headquartered in Moscow but operates in more than 17 countries and recently launched Yango Deli in London, a service offering 15-minute delivery to households of food, alcohol and toiletries. The parent company, which offers map, search, taxi and shopping services, has been subject to sanctions in Ukraine… Source link
Read More »Brittney Griner reportedly detained in Russia
Phoenix Mercury All-Star and two-time Olympic gold medalist Brittney Griner has reportedly been detained in Russia on drug charges. The New York Times reported that the Russian Federal Customs Service detained an American basketball player at Sheremetyevo Airport near Moscow after finding hashish oil vape cartridges in her luggage. The Customs Service didn’t identify who was arrested, saying only that she’d won two Olympic gold medals. A Russian news service identified the player as the… Source link
Read More »Google Suspends Advertising in Russia
Google late Thursday suspended all advertising in Russia, a move that came shortly after the country’s communications censor accused the company’s YouTube video service of spreading misinformation and stoking protests. The new mandate covers YouTube, search and display marketing in Russia, said Google, which earlier this week blocked access to Russian state-owned media outlets RT and Sputnik across Europe in compliance with a European Union sanctions order. “In light of the… Source link
Read More »Google suspends all advertising in Russia
Google’s Senior Vice President Sundar Pichai gives a keynote address during the opening day of the 2015 Mobile World Congress (MWC) in Barcelona on March 2, 2015. Lluis Gene | AFP | Getty Images Google has suspended all advertising in Russia. The decision comes after Russia’s internet watchdog, Roskomnadzor, accused YouTube, a division of Google, of running large advertising campaigns to misinform Russians about the country’s invasion of Ukraine. Roskomnadzor had demanded that Google stop… Source link
Read More »JPMorgan Warns Russia Faces 1998-Like Collapse in Economy
(Bloomberg) — Russia is on course for an economic collapse that will rival or even eclipse the size of the 1998 slump which followed its debt default, although the financial fallout may be less than then. Most Read from Bloomberg Days after President Vladimir Putin ordered troops into Ukraine, economists are starting to publish forecasts for what is currently the world’s eleventh largest economy, even though they warn the outlook is opaque and subject to revision. JPMorgan Chase & Co.’s… Source link
Read More »Google Suspends Advertising in Russia
Google said on Thursday night that it had suspended all advertising in Russia after the country’s internet regulator demanded that the company stop showing what it considered ads displaying false information about Russia’s invasion of Ukraine. Google said it took the rare step of pausing its advertising business in the country, including search, YouTube and display marketing. The move came a few days after the company suspended advertising of content produced by Russian state media…. Source link
Read More »Google suspends all ad sales in Russia as censorship demands grow
The logo for Google LLC is seen at their office in Manhattan, New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register March 3 (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Thursday that it had stopped selling online advertising in Russia, a ban that covers search, YouTube and outside publishing partners. The move by the world’s top seller of online ads by revenue follows similar pauses in Russia by Twitter Inc Source link
Read More »How Apple, Big Tech benefit from taking on Russia
Silicon Valley’s tech giants are joining the rest of the business world in pulling their products and services from Russia. Companies like Apple (AAPL) have cut ties to the Russian market entirely to protest the invasion of Ukraine, while firms like YouTube (GOOG, GOOGL) , Meta (FB), and Microsoft (MSFT) are limiting the availability of Russian propaganda networks like RT and Sputnik in Europe. And while Big Tech’s moves put at least some pressure on Russian President Vladimir Putin and… Source link
Read More »Space stocks winners and losers amid sanctions against Russia
The space industry could be impacted by disruptions or by sanctions against Russia — particularly when it comes to missions utilizing Russian Soyuz rockets — and winners and losers are starting to emerge. “The biggest beneficiary of any exclusion or sanction is SpaceX and the Falcon 9, and to a lesser extent maybe the Falcon Heavy [rocket]” Edison Yu, Deutsche Bank Space analyst told Yahoo Finance Live. Alternatively, One Web (a competitor to SpaceX’s Starlink satellite program) and… Source link
Read More »Russia will be impossible to invest in for a long while, says Mark Mobius
The Russian market is off limits until at least 2023 due to the country’s invasion of Ukraine, says emerging markets investing legend Mark Mobius. “It will be impossible for a long time,” the founding partner of Mobius Capital Partners said on Yahoo Finance Live. Mobius earned his stripes building out the emerging markets investing team at giant money manager Franklin Templeton. Added Mobius, “I don’t see anybody who wants to be investing in Russian equities or debt for another year. I would… Source link
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