Tag Archives: Russia039s

[unable to retrieve full-text content]Russia’s Yandex beats 2022 revenue target; revamp details awaited  Reuters Source link

As Vladimir Putin pushes his war in Ukraine into its second year, the deepening militarization of Russia’s economy is fueling fears among the country’s business elite that the squeeze on their companies is only just beginning. The government is already considering “one-time” taxes on some big firms to help boost revenues reduced by the tightening grip of sanctions and other restrictions… Source link

© Provided by Business Insider Russian President Vladimir Putin arrives to the welcoming ceremony in Yerevan, Armenia, on November 23, 2022. Contributor/Getty Images Yandex, Russia’s biggest tech giant, wants to cut ties with the country, according to the NYT. Yandex’s parent company has concerns about the impact of the Ukrainian war on its businesses. The exit could deliver a blow to President Putin as he focuses efforts on homegrown tech and goods. Russia stands to lose its… Source link

Shares in Russia’s largest tech company Yandex are down 71 percent compared to February 16. They dropped 54.4 percent directly after the invasion of Ukraine on February 23. The dramatic fall comes as part of a wider collapse of Russian stocks as investors fear growing turmoil and state sanctions. Yandex launched a public cloud service in 2018, initially for its home… Source link

Also in today’s EMEA regional roundup: Truphone expands its IoT reach with Sony; mobile money booms in sub-Saharan Africa; Orange extends 4G in French Guiana. Yandex, Russia’s answer to Amazon, is planning to launch its cloud business in Germany in 2022, with an initial investment of $30 million, Reuters reports (paywall may apply). Yandex currently claims 12,400 cloud clients, and its cloud revenue is expected to reach around 3 billion roubles ($41 million) in 2021. According to the report,… Source link

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Bloomberg China Puts Australia on Notice With Push to Diversify Iron Ore (Bloomberg) — Beijing threw the spotlight on trade tensions with its top commodities supplier, Australia, after the government’s economic planning agency said it’s looking to diversify China’s supply of iron ore.Chinese firms should boost domestic exploration for the steel-making input, widen their sources of imports, and explore overseas ore resources, the National Development and Reform Commission said at its… Source link

Benzinga What Keystone Pipeline Cancellation Means For Crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its… Source link