Tag Archives: tech

Over the past years, Russian search and tech giant Yandex made an effort not to fall behind its Western counterparts and had developed its own smart devices, self-driving cars, as well as its own food delivery and ride-sharing services, among other products. According to The New York Times, though, the West’s sanctions against its home country after the invasion of Ukraine has made it impossible to continue developing and improving its projects. That’s why Yandex’s parent firm, which is… Source link

By Alexander Marrow, Darya Korsunskaya and Polina Devitt MOSCOW -Russian internet giant Yandex’s Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia. Since Russia launched what it calls a “special military operation” in Ukraine in late February, Nasdaq-listed Yandex, often referred to as “Russia’s Google”, has grappled with domestic pressure on… Source link

Russian internet giant Yandex’s Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia. From a report: Yandex N.V. said it had started a “strategic process to review options to restructure the group’s ownership and governance in light of the current geopolitical environment.” “As part of the intended restructuring of the group, the… Source link

Cars driving through Kyiv on Wednesday after Russian missile strikes on energy facilities across Ukraine.Credit…Brendan Hoffman for The New York Times KYIV, Ukraine — Utility crews worked through the dark night in snow and freezing rain to stabilize Ukraine’s battered energy grid on Thursday after another destructive wave of Russian missile strikes, restoring essential services like running water and heat in many parts of the country even as millions remained without power. Ukrainians… Source link

[unable to retrieve full-text content]Yandex parent to review ownership of Russian tech giant, seek …  Reuters Source link

Alexei Kudrin, a longtime ally of President Vladimir Putin, is expected to assume a leadership position in the restructuring of Russian tech giant Yandex, state media reported on Friday. Yandex is awaiting Putin’s blessing to sell its main operations in Russia and appoint Kudrin to its new structure, several reports indicated earlier this week. Yandex’s main products include its popular internet browser, as well as food delivery and taxi-hailing… Source link

After Moscow invaded Ukraine, ‘Russia’s Google’ has decided it can’t stay in Russia. Moscow-headquartered Yandex, the country’s dominant search engine founded by two Russian entrepreneurs, is hoping to transfer its most promising new technologies overseas and ditch most of its Russian business to avoid the effects of Western sanctions imposed after President Vladimir Putin ordered Russia to Ukraine. Under the plan, which the Financial Times reported on Thursday, Yandex… 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

After Moscow invaded Ukraine, ‘Russia’s Google’ has decided it can’t stay in Russia. Moscow-headquartered Yandex, the country’s dominant search engine founded by two Russian entrepreneurs, is hoping to transfer its most promising new technologies overseas and ditch most of its Russian business to avoid the effects of Western sanctions imposed after President Vladimir Putin ordered Russia to Ukraine. Under the plan, which the Financial Times reported on Thursday, Yandex… Source link

Getty Images Key takeaways A report from tech-focused news site The Information suggests that Google layoffs could top 6%, or 10,000 employees, in early 2023 The report comes amid ongoing macroeconomic challenges, deflated tech stock prices and a letter from an activist investor If Google commits to downsizing, it will follow Big Tech peers like Meta and Amazon that have already slashed head counts this year As the global financial situation weighs on wallets and portfolios, big… Source link