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Yandex Records Strong Financial Performance
Yandex Records Strong Financial Performance

Saba Yemen

timea day ago

  • Business
  • Saba Yemen

Yandex Records Strong Financial Performance

Moscow - Saba: Russian company Yandex announced strong financial results for the second quarter of 2025 on Tuesday, recording significant growth across all indicators, reflecting its robust performance and ability to maintain growth momentum despite challenges. According to RT, the data showed that adjusted net profit (according to international standards) jumped 34% year-on-year, reaching 30.4 billion Russian rubles (approximately $376 million). The data also showed that the e-commerce sector grew by 46% year-on-year during the same period. Yandex generated revenues of 102.8 billion rubles (approximately $1.27 billion) from e-services. The data also indicated a 14% increase in the volume of transactions in the "RideTech" sector (transportation and automotive-related services) in the second quarter, reaching 398.1 billion rubles. Yandex is one of the largest technology companies in Eastern Europe. Founded in 1997, the company initially became known as a leading search engine before expanding into an integrated technology group offering a variety of digital services. Whatsapp Telegram Email Print

Russia's Yandex rebounds from loss to post Q2 profit growth
Russia's Yandex rebounds from loss to post Q2 profit growth

Yahoo

time2 days ago

  • Business
  • Yahoo

Russia's Yandex rebounds from loss to post Q2 profit growth

MOSCOW (Reuters) -Russian internet giant Yandex bounced back from a first-quarter net loss to report a 34% year-on-year rise in second-quarter adjusted net profit to 30.4 billion roubles ($374.61 million), the company said on Tuesday. Yandex said its board of directors would consider a management proposal to pay dividends for the first half of 2025 of 80 roubles per share. ($1 = 81.1500 roubles) Inicia sesión para acceder a tu portafolio

New Russian law criminalises searching for content deemed 'extremist'
New Russian law criminalises searching for content deemed 'extremist'

Euronews

time22-07-2025

  • Politics
  • Euronews

New Russian law criminalises searching for content deemed 'extremist'

Russian lawmakers vote Tuesday on legislation criminalising "searching for extremist content online", marking the first time Moscow will hit internet users for consuming rather than distributing materials deemed as banned. The law targets internet users who knowingly search for content from the Russian extremist register, which contains 5,473 entries and is maintained by the Ministry of Justice. The definition of "extremism" in Russia is open to interpretation, and it enables the authorities to target minorities, political opposition, or stifle freedom of expression or assembly. For example, in 2023, Russia designated a broadly defined 'international public LGBT movement' as "extremist", allowing for courts to arbitrarily target any member of the LGBTQ+ community. Individual users face fines of 3,000 to 5,000 rubles (some €30 to €50) for searching for content deemed "extremist". Furthermore, advertising for VPN services is punishable by fines ranging from 50,000 to 500,000 rubles. VPN providers will also face fines if they enable access to blocked websites. The legislation also enables law enforcement agencies to request users' browsing data from search engines, telecoms, and mobile phone operators. A handful of demonstrators appeared in front of the Duma building in Moscow on Tuesday. The demonstrators carried signs reading "For a Russia without censorship". Several people were arrested, including journalists from two media outlets. In the meantime, social media users began sharing recommendations on how to protect themselves from the new law. These include avoiding Russian search engines, such as Yandex, using reliable VPN providers, and deactivating biometric identification features like fingerprint and face IDs on mobile devices. Following the Duma vote, the law is to be submitted to the Federation Council before being sent to President Vladimir Putin for signature. Putin had previously instructed the government to propose additional restrictions on software from "unfriendly countries". The popular messaging service WhatsApp could be banned under the expanded measures. The changes represent Russia's latest internet restriction, following measures taken against social media platforms and foreign technology companies since Moscow's full-scale invasion of Ukraine in early 2022.

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