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Russia fines Google $98 million for failing to remove banned content
A Russian court slapped Alphabet Inc. with a fine of 7.2 billion rubles $98 million on Friday for failing to remove banned content, the largest penalty so far, as the authorities escalate a crackdown on foreign technology companies. A Russian court slapped Alphabet Inc. with a fine of 7.2 billion rubles $98 million ...
Updated: 12/24/2021
Russia fines Google 7.2 bn over content violations
... company. On Friday, the court fined Meta Platforms 2 billion roubles US $27.15 million on the same grounds. Russia 's communication watchdog Roskomnadzor said that Facebook and Instagram failed to remove two thousand pieces that were in violation of Russian laws whereas Google keeps 2,600 pieces of banned content. Meta Platforms did not respond to a request for comment. Russia has imposed small fines on foreign technology companies throughout the year, but Friday's penalties are the first time it ...
Updated: 12/24/2021
Emerging market currencies climb to two-week highs
Lira eyes are the best week of their life despite the thin market. Cerberus Park 23 Reuters - Emerging market currencies climbed to two week highs on Thursday, and gained for a third session in a row due to expectations that the global economy can cope with the fast-spreading Omicron coronaviruses variant. Lira eyes are the best week of their life despite the thin market. Dec 23 Reuters - Emerging market currencies climbed to two week highs on Thursday, and gained for a third session in a row due...
Updated: 12/23/2021
Russian media brutally slams space agency for its weaknesses
... the technological means to produce its own product, which means they purchased the product from another vendor, and for samples already used, documentation affirming it's conforming with specifications and its origin were never submitted. In 2016 the Russian government approved the nation's 10 year space programme worth 1.406 trillion rubles 15.48 billion rubles.
Updated: 12/21/2021
Russian fashion giant Melon picks banks for IPO
.... Sources with knowledge of the company's plans told Reuters on Tuesday that Sberbank CIB , VTB Capital , Goldman Sachs and BofA will be selected by Russia 's Melon Fashion Group to help organise its initial public offering IPO in 2022. Several Russian companies could hold IPOs next year, extending the listing spree that started a year ago, if geopolitics, including Ukraine tensions, and other risks do not thwart their plans. One financial market source said Melon was aiming to list in autumn ...
Updated: 12/21/2021
Turkish lira hits stronger level in volatile tradIng
Dec 21 Reuters - The Turkish lira hit its strongest level in a month versus the dollar in volatile trading on Tuesday, building on the previous day's 25% rally following President Tayyip Erdogan's announcement of support for the battered currency. Dec 21 Reuters - The Turkish lira hit its strongest level in a month versus the dollar in volatile trading on Tuesday, building on the previous day's 25% rally following President Tayyip Erdogan's announcement of support for the battered currency. Broader...
Updated: 12/21/2021
OR Group plans to list shares on TSX Venture Exchange
... trading in Canada in early 2022 and hopes to raise $100 million in the next 12 -- 18 months. The technical listing would allow the micro-finance company to trade on the stock exchange without a prior public offer, as well as extend a wave of listings by Russian companies, provided geopolitics, including tensions over Ukraine , does not thwart the plan. According to Anton Titov, OR Group's founder and director, we plan to raise around $100 million. The deals will be 12 - 15% each round, with three rounds ...
Updated: 12/21/2021
Russian bank VTB leasing own cargo railcars to increase fleet
... increasing as a result of the fact that the railway market has been stagnant for a long time, but growth has started now due to economic growth and the fact that external trade conditions are quite favorable. After two years of declining cargo volumes, Russian Railways monopoly expects growth of more than 3% this year, due to coal exports, as well as building materials and container transit.
Updated: 12/20/2021
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