Tag Archives: Russias

MOSCOW, June 24 (Reuters) – A tax cut for IT companies in Russia, proposed by President Vladimir Putin, would not have a revolutionary benefit on internet giant Yandex, Chief Financial Officer Greg Abovsky said on Wednesday. Putin on Tuesday proposed cutting tax on IT companies’ profit to 3% from 20%, alongside an income tax increase for wealthy Russians, sending Yandex shares up more than 3%. (Reporting by Alexander Marrow Editing by David Goodman ) Source link

MOSCOW (Reuters) – Russian internet giant Yandex (YNDX.O) is interested in taking full control of its Yandex.Taxi ride-hailing service, a joint venture with Uber (UBER.N) which returned to pre-pandemic growth levels in June. FILE PHOTO: 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 Yandex is talking to Uber about increasing its majority stake in Yandex.Taxi, Chief Operating Officer and… Source link

MOSCOW, June 24 (Reuters) – A tax cut for IT companies in Russia, proposed by President Vladimir Putin, would not have a revolutionary benefit on internet giant Yandex, Chief Financial Officer Greg Abovsky said on Wednesday. Putin on Tuesday proposed cutting tax on IT companies’ profit to 3% from 20%, alongside an income tax increase for wealthy Russians, sending Yandex shares up more than 3%. (Reporting by Alexander Marrow Editing by David Goodman ) Our Standards:The Thomson Reuters Trust… Source link

MOSCOW, June 24 (Reuters) – A tax cut for IT companies in Russia, proposed by President Vladimir Putin, would not have a revolutionary benefit on internet giant Yandex, Chief Financial Officer Greg Abovsky said on Wednesday. Putin on Tuesday proposed cutting tax on IT companies’ profit to 3% from 20%, alongside an income tax increase for wealthy Russians, sending Yandex shares up more than 3%. (Reporting by Alexander Marrow Editing by David Goodman ) Our Standards:The Thomson Reuters Trust… Source link

With most residents confined to their homes in Moscow’s sixth week of lockdown, one familiar sight remains on the Russian capital’s near-empty streets: tech giant Yandex’s yellow-jacketed army of couriers. Strict limits on when Muscovites can leave their homes have increased demand for Yandex’s delivery apps, whose user numbers have grown 75 per cent since March, while also driving more people to its search, blogging, and streaming video platforms. Yandex hopes it can… Source link

  Moscow–Russia’s search engine provider Yandex asked local antitrust authorities Wednesday to investigate Google for unfairly keeping its rivals’ services off its mobile devices. The request came with Google making recent inroads in the Russian market thanks to its popular Android-powered smartphones. The European Commission last year reopened a similar probe against the California company after initially weighing a settlement that would have allowed competitors to buy space at the top… Source link