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☆ Ride-hailing app Yango to set up global office in Dubai
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: 1 min

DUBAI, Oct 18 (Reuters) - Yango, the ride-hailing app owned by Russian tech group Yandex NV <YNDX.O), is establishing a global operational office in Dubai, the company said in a statement on Wednesday. Yango said the office will be open in the fourth quarter of this year and will be based in Dubai Internet City, part of Dubai business park operator TECOM Group. "The strategic move to establish Yango’s global operational office represents a significant milestone to oversee operations of its myriad services," the company said in a statement. These include Yango ride-hailing and last-mile delivery solution provider Yango Delivery, the company added. Reporting by Hadeel Al SayeghOur Standards: The Thomson Reuters Trust Principles.

Persons: Yango, Hadeel Al Organizations: Russian, TECOM, Thomson Locations: DUBAI, Dubai, City

☆ Yandex's Yango in talks with Dutch watchdog over data protection
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

REUTERS/John Sibley/File Photo Acquire Licensing RightsCompanies Yandex NV FollowAMSTERDAM, Oct 12 (Reuters) - Yango, the ride-hailing app owned by Russian tech group Yandex NV (YNDX.O), said on Thursday it is in talks with the Dutch Data Protection Agency to demonstrate that it adheres to European rules on data transfer and storage. The Dutch Data Protection Agency on Thursday confirmed it is also investigating Yango. Yango said the Finnish and Norwegian probes showed "Yango's personal data processing does not pose any imminent threat to the fundamental rights and freedoms" of European users. "As we have always stated, data of Yango users cannot be obtained from the service by Russian authorities outside of the established international procedures, for example, involving Interpol." Yandex is in the process of trying to separate its core Russian businesses from the international operations registered in the Netherlands.

Persons: John Sibley, Yango, Toby Sterling, Jane Merriman Organizations: REUTERS, Russian, Dutch Data Protection Agency, Nasdaq, Interpol, Thomson Locations: London, Britain, AMSTERDAM, Russia, Netherlands

☆ Finland lifts ban on transferring Yandex data to Russia
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. REUTERS/Evgenia Novozhenina/File Photo Acquire Licensing RightsOSLO, Sept 26 (Reuters) - Finland's data protection regulator said on Tuesday it had lifted a temporary ban on Russian tech group Yandex (YNDX.O) and Dutch-based partner Ridetech from transferring to Russia the personal data of customers of Yandex's Yango ride-hailing app. The emergency ban was announced in August in response to Russian legislation which Finland at the time believed would give Russia's Federal Security Service the right to receive data from Finnish users processed in taxi operations. Yango has said it processes data in strict compliance with General Data Protection Regulation (GDPR) and EU legislation, and that Russia in any case had no jurisdiction over the company's international business. Norway had also planned a similar ban to the one issued by Finland but had not issued a formal order and will refrain from doing so, a spokesperson for the Norwegian Data Protection Agency said.

Persons: Evgenia, Ridetech, Yango, Terje Solsvik, Ros Russell Organizations: REUTERS, Rights, Federal Security Service, Yandex, General Data Protection, Norwegian Data Protection Agency, Thomson Locations: Moscow, Russia, Rights OSLO, Finland, Finnish, Norway

☆ Finland and Norway ban Yandex from transferring data to Russia
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +3 min

The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. REUTERS/Evgenia Novozhenina/File PhotoHELSINKI, Aug 8 (Reuters) - Finnish and Norwegian regulators said on Tuesday they had banned Russian tech group Yandex (YNDX.O) and its Netherlands-based partner Ridetech International from transferring to Russia any personal data of customers of Yandex's Yango ride-hailing app. The Yango ride-hailing service, which operates in 14 countries including Finland and Norway, is one of many services offered by Yandex, often dubbed "Russia's Google". "There is an acute risk to privacy as Russian authorities could potentially monitor the movements of Norwegian citizens via Yango," the Norwegian Data Protection Authority said in a separate statement. It said it processes data in strict compliance with General Data Protection Regulation (GDPR) and EU legislation.

Persons: Evgenia, Yango, Arkadi Volozh, Anne Kauranen, Terje Solsvik, Alexander Marrow, Susan Fenton Organizations: REUTERS, Ridetech, Finnish DPA, Federal Security Service, Russian Federation, Yandex, Norwegian Data Protection Authority, General Data Protection, Nasdaq, EU General Data, Thomson Locations: Moscow, Russia, Russian, Netherlands, Finnish, Finland, Norway, Yango, Yandex's New York, Ukraine, Oslo, London

☆ Uber to cease food delivery in Italy, exit Israel
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, June 15 (Reuters) - Uber (UBER.N) said on Thursday it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share. CEO Dara Khosrowshahi has said Uber will invest only in markets where it can be the largest or second largest player. Uber trails Just Eat (TKWY.AS) and Glovo (DHER.DE) in Italian food delivery, and Gett Taxi and Yango (YNDX.O) in the Israeli taxi and private hire market. The company, which relies on self-employed contractors for its delivery service, said around 50 Uber employees and thousands of non-employee couriers and restaurants would be affected in Italy. Uber says it is seeing strong adoption by taxi drivers in Europe, who use the Uber app to supplement their curb-side ride hailing business.

Persons: Dara Khosrowshahi, Uber, Toby Sterling, Jan Harvey Organizations: Thomson Locations: AMSTERDAM, Italy, Israel, Europe, Britain, France, Spain, Germany

☆ China property liquidation risk heightened by delisting threat, says S&P
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, June 7 (Reuters) - Some of China's distressed property developers face the risk of being delisted, which would reduce their options for restructuring and make them more vulnerable to liquidation, S&P Global Ratings said on Wednesday. The Shanghai stock exchange delisted Sichuan Languang Development on Tuesday, the first such case for property A shares, and Sinic Holdings was delisted from Hong Kong in April. In mainland China, S&P said the 11 firms at risk of being delisted, including Shanghai Shimao (600823.SS) and Yango Group (000671.SZ), have offshore and onshore bonds outstanding collectively worth $21 billion. Shanghai Shimao and Yango did not immediately respond to request for comment. China Evergrande Group (3333.HK), the world's most indebted developer, and Shimao Group (0813.HK), both listed in Hong Kong, have been suspended from trading for 14 months.

Persons: Yango, Esther Liu, Evergrande, Clare Jim, Barbara Lewis Organizations: HK, Sinic Holdings, Shanghai Shimao, Yango, China Evergrande, Shimao, Hong, Thomson Locations: HONG KONG, Asia, Shanghai, Sichuan, Hong Kong, China, Shenzhen

The plan comes as the cash-strapped sector has struggled with defaults and stalled projects, hitting market confidence and weighing on the world's second-largest economy. Policymakers' previous efforts to help financing has done little to bolster the property market. The Hang Seng Mainland Properties Index (.HSMPI) jumped 16.2%, with the share prices of many Chinese property developers posting double-digit gains. The notice "introduced by far the most comprehensive set of support measures for the ailing property market," it said. Some investors remained cautious about the impact of the latest policy, however, as regulators have already made many attempts to revive the property sector and the macro environment remains weak amid the country's COVID restrictions.

☆ 14.10.2020
▼ + stars: | 2020-10-14 | by ( ) ro.sputnik.md time to read: 1 min

Compania rusească de ridesharing Yandex.Taxi (Yango) își anunță plecare din România. Care este motivul retragerii.

Locations: România

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