Source link Netherlands-registered Yandex NV has agreed to sell its Russian operations to a consortium of local investors and spin off its main international projects The Kremlin welcomes the agreement to sell tech giant Yandex’s Russian business to a consortium of private investors, spokesman Dmitry Peskov said on Monday. Often referred to as “Russia’s Google,” […]
Source link Yandex will be sold to a consortium of private investors, the company has announced Yandex NV, the Dutch-registered parent company of the Yandex group, has reached an agreement to sell its Russian business, including the country’s most popular search engine, to a consortium of private investors, according to a statement released by the […]
Source link Maersk has suspended operations in the region after militants fired at two of its vessels The US branch of Danish shipping giant Moller-Maersk has said it will follow its parent company and stop sending merchant vessels through the Suez Canal and Red Sea due to attacks by the Yemen-based Houthis. The Houthis – a […]
Source link H&M was blasted for a marketing campaign about schoolgirls that “make heads turn” The Swedish clothing giant H&M has pulled one of its online school-season ads after being accused of sexualization of children. The advertisement shown on social media in Australia featured two young girls in black-and-white school uniforms holding pink backpacks. The caption […]
Source link The legal battle between Russia’s Baltika Breweries and Danish beer giant Carlsberg is gaining momentum as the Russian brewer now seeks to preserve its rights for using the group’s flagship brands Carlsberg and Grimbergen, Kommersant reported on Thursday. The Russian beer maker filed a claim with the Arbitration Court of St. Petersburg and […]
Source link Maersk has put customers on notice that risks in the Red Sea may persist for months Danish shipping major AP Moller-Maersk has warned of significant disruptions to the global shipping network due to the elevated risk of attacks in the Red Sea. “While we hope for a sustainable resolution in the near-future and […]
Source link Human rights activists have demanded that Shell deal with the damage from oil spills in Nigeria before withdrawing British energy giant Shell has announced it has reached an agreement to sell its onshore assets in Nigeria in a deal worth $2.4 billion. The company is embroiled in long-running legal battles over environmental pollution […]
Source link A leading global exporter of liquefied natural gas (LNG), QatarEnergy, has stopped sending tankers via the Red Sea amid growing uncertainty about the safety of passage on the vital shipping route, Reuters reported on Monday. An unnamed source with knowledge of the matter told the outlet that at least four tankers that used […]
Source link Facility’s employees are reportedly alleging that the Wildberries storage center may have been set on fire deliberately A warehouse in Saint Petersburg belonging to Wildberries, one of Russia’s leading online retailers, has been destroyed in a major blaze, the Emergencies Ministry has said. No major casualties have been reported so far, authorities say. […]
Source link Kiev claims Lithuania’s Viciunai Group had promised to leave the Russian market but continues to operate there Lithuanian seafood giant Viciunai Group has been added to Kiev’s list of “international sponsors of war” for continuing to operate and pay taxes in Russia, Ukraine’s National Corruption Prevention Agency (NCPA) announced Thursday. Inclusion on this […]
Source link Yandex will no longer be available in Latvia, according to the country’s regulatory authorities Latvia’s National Electronic Media Council (NEPLP) has blocked access to services provided by Russian tech giant Yandex, the council’s chairperson, Ivars Abolins, has announced. The ban comes despite the fact that Russians constitute Latvia’s largest ethnic minority group, comprising […]
Source link Huawei’s chipset subsidiary HiSilicon has become world’s fifth largest chipmaker, with a 3% share of the global chipset market, according to the latest analysis published by technology market-research firm Counterpoint. The research, based on third-quarter results, shows the ranking led by Qualcomm products, which account for about 40% of the entire chipset market. […]
Source link Avon has suspended plans to sell its plant and withdraw from the country, the outlet has reported International direct-sales cosmetics brand Avon has halted plans to sell its Russian business due to a steep exit tax, Kommersant reported on Wednesday, citing industry sources. The US-based multinational announced in March 2022 that it had […]
Source link Maersk previously halted cargo deliveries in the region following Houthi attacks on ships Dutch shipping major AP Moller-Maersk plans to restart shipments through the Red Sea after a pause earlier this month, following attacks on vessels by Houthi rebels, the company announced on Sunday. According to a statement, Maersk expects the route to […]
Source link South Korean auto giant Hyundai has announced plans to sell its plant in Russia as the carmaker completes its exit from the country. The facility will reportedly be sold for a nominal fee of just 7,000 rubles ($77.20). The factory near St. Petersburg suspended operations in March 2022 after the manufacturer announced its […]