The head of Russia’s biggest bank, Sberbank, has named online giants such as Google and Yandex as the ”key threats” to the company. Sberbank CEO German Gref warned that traditional banks are set to lose out as increasing amounts of money are being transferred online through services such as Facebook and Yandex Money. “The problem …
Google and Yandex are ”key threats” to banks, says Sberbank’s CEO Read More
In July Alphabet, the holding company that controls Google, suspended placement of contextual ads for 60-day loans in the AdWords advertising service. The announcement of this decision in May caused a storm of protest in the financial community in the USA. Commenting on the ban, the search engine refers to some research which shows that …
Short-term loans: The limits of Google’s global search monopoly Read More
Yandex is following Google’s example and intends to enter the international car market. The Russian search giant doesn’t plan to create its own autonomous car like Google, but it is adapting its technologies to the needs of major car manufacturers. Thus, recently, the Yandex.Navigator service recently was built into the Toyota RAV4 Exclusive as well as a Honda car. Also, at the …
Yesterday Yandex.Taxi, the taxi booking service of Russian search giant Yandex, announced its launch in the Georgian capital Tbilissi. The service, which involves 200 cars from 11 taxi parks, is available in Georgian, Russian and English languages. Launched in 2011, Yandex.Taxi already operates in 30 cities of Russia as well as in Minsk (Belarus), Almaty (Kazakhstan) …
Yandex.Taxi launches in Georgia — before Ukraine, Estonia and Latvia Read More
Yesterday the Securities and Exchange Commission suspended trading in the securities of Neuromama (NERO), a tiny Internet company with Russian roots, “because of concerns regarding the accuracy and adequacy of information in the marketplace.” Based on the latest transactions on over-the-counter markets in the USA, the company’s capitalization exceeds $35 billion — more than Tesla or Gazprom. Neuromama’s stock …
SEC suspends ‘tech miracle’ from Siberia after stock value soared to $35 billion Read More
Russia’s Federal Anti-monopoly Service (FAS) has fined Google 438 million rubles (approximately $6.7 million at the current exchange rate) for abusing its dominant position in the Russian market. This fine accounts for some 2.5% of the turnover of Google’s Russian subsidiary, noted the Russian business daily Kommersant. Google was found guilty of violating anti-monopoly laws by forcing phone …
Google fined $6.7 million by Russian anti-monopoly authorities Read More
A controversy sparked last week over Google’s decision to change the names of Crimean settlements appearing on Google Maps, in accordance with the Ukrainian authorities’ “decommunization” campaign. In May 2016, the Ukrainian parliament renamed 70 settlements in Crimea, mostly choosing names of Crimean Tatar origin. Thus Krasnogvardeyskoe (‘Red Guard’) became “Yany Kapu” while Sovetskoe switched …
Crimea maps scandals: Google offends Russia, then Ukraine Read More
Russian search giant Yandex and private equity fund Baring Vostok Capital Partners have invested $5.5 million in DOC+, acquiring a minority stake in the company. The deal was revealed last week by Russian business publication RBC, based on exchanges with the startup’s co-founder Victor Belogub, and confirmed by the investors. The deal was led by Baring Vostok. …
Yandex and Baring Vostok invest $5.5 million in house-call doctor service Read More
Last month Yandex announced two enhancements to its in-house browser. The first one is the integration of Zen, a personalized content recommendation technology developed by the Russian search giant, into the browser. This AI-based recommendation technology uses Yandex’s considerable global web index to pick stories, images, videos and other content for each individual user. Presented as a content …
Yandex browser integrates content discovery feed, supports new ad-blocking extensions Read More
Members of the Russian State Duma have approved the third reading of a new bill requiring foreign IT companies to pay value added tax (VAT) on the sale of online content, the Slon.ru news website reported Wednesday. The bill, nicknamed the “Google tax law,” requires companies which distribute or sell online applications, games, music, or …
Facebook has entered into negotiations with Yandex, the Russian search giant, over a potential partnership deal, Russian business daily Vedomosti newspaper reported Monday, citing unnamed sources close to both companies. The companies are discussing exchanging user data and possible joint promotions, Vedomosti reported. One of the newspaper’s sources, allegedly close to Facebook, said that negotiations are still in the …
Yandex and Facebook in talks to share user data and combine advertising inventories Read More
Google now surpasses Yandex in terms of monthly audience in Russia, while the Russian search giant is keeping its leadership in terms of daily audience, according to TNS. During the month of April 2016, according TNS data cited by Russian business daily Vedomosti, 20.5 million people used Google at least once in Russia, whether on computers or …
Google surpasses Yandex in monthly audience in Russia Read More
