Tag Archives: subsidiary

Google’s Russian subsidiary to file for bankruptcy after bank account seized

Google’s Russian subsidiary to file for bankruptcy after bank account seized

The Google logo displayed on a smartphone screen. Kirill Kudryavtsev | AFP | Getty Images Google’s Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services including search and YouTube will keep operating, a Google spokesperson said on Wednesday. The Alphabet unit has been under pressure in Russia for months for failing to delete content Moscow deems illegal and for restricting access to some… Source link

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Google’s Russian subsidiary files for bankruptcy, citing asset seizure

Google’s Russian subsidiary files for bankruptcy, citing asset seizure

Placeholder while article actions load Google’s Moscow-based subsidiary plans to file for bankruptcy, a company spokesperson said Wednesday, because Russia’s seizure of its assets has made it impossible to run its business in the country. It has also moved most of its employees out of the country, the company confirmed. The tech giant submitted a notice of intention to declare itself bankrupt, according to Reuters, which cited a filing in Russia’s federal register. Services such as… Source link

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Google’s Russian subsidiary files for bankruptcy

Google’s Russian subsidiary files for bankruptcy

May 18 (Reuters) – The Russian subsidiary of Alphabet Inc’s (GOOGL.O) Google has filed for insolvency, according to a message posted on Russia’s official registry Fedresurs on Wednesday. The subsidiary was “submitting a notice of the intention to declare itself insolvent (bankrupt)”, the note said. “Since March 22, 2022, it foresees its own bankruptcy and inability to fulfil its monetary obligations, demands to pay severance payments and (or) the remuneration of staff working or previously… Source link

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SoftBank subsidiary to provide Yahoo Japan with renewable energy – DatacenterDynamics

SoftBank Corp. subsidiary SB Power Corp. is to provide renewable energy to Yahoo Japan’s Shirakawa data center. Yahoo Japan said 95 percent of the electricity the company consumes in its business operations is through its data centers, and the company pledged in January to shift to 100 percent renewable energy by fiscal 2023. The electricity for the Shirakawa Data Centre… Source link

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Air China to buy 18 Airbus A320neo jets from GECAS subsidiary

TipRanks Analysts Say ‘Buy the Dip’ in These 3 Stocks Smart stock investing shouldn’t be emotional, but investors are only human, after all, making it difficult to follow a rational trading strategy. Investors should remember the advice of Warren Buffett: “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” What Buffett is advocating is the oldest of market advice: buy low and sell high. Taking this into consideration, we set out on… Source link

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China fines Alibaba, Tencent’s e-book subsidiary over anti-trust violations

TipRanks Billionaire David Shaw Bets Big on These 3 Healthcare Stocks The last few months have seen high volatility and a rising market trend, as one of the biggest sources of uncertainty – namely, the election campaign – has worked itself out. The current political climate is viewed as favorable for healthcare investment – tax increases and further regulations on drug price, anticipated before the elections, when prognosticators expected the Democrats to ride a ‘blue wave’ to an… Source link

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