Yandex previously agreed on the purchase of Tinkoff Bank for $ 5.5 billion Yandex previously agreed on the purchase of Tinkoff Bank for $ 5.5 billion, the Bank’s maternal company, TCS Group, on the London Exchange said . The deal finally turns Yandex into a direct competitor of his former partner, Sberbank, and the family of founder Oleg Tinkov can bring $ 2.2 billion.

Shares of Yandex jumped 4.3% after the announcement of a preliminary agreement on the purchase by Tinkoff of a bank for $5.5 billion. The capitalization of Arkady Volozh's company exceeded $21.5 billion. Yandex shares on Nasdaq in the first 25 minutes after the announcement of the deal with Tinkoff Bank rose by 4.3% - from $59.2 to $61.7 per share. By 20:10 Moscow time, growth corrected to 3.86%. The capitalization of Yandex at its peak was over $21.5 billion (1.63 trillion rubles).

Yandex has tentatively agreed to buy Tinkoff Bank for $5.5 billion, reported on the London Stock Exchange. the bank's parent company, TCS Group, Deal Yandex offered the shareholders of TCS Group to buy out 100% of the company's shares, and the parties came to a preliminary agreement on the deal, TCS said. The transaction will be paid partly in cash, partly in shares, the TCS Group said in a statement. The premium to the current market price of TCS will be 8%.

The Cosmokurs company, which became the first private participant in the Roscosmos tender for the creation of a launch vehicle, lost the competition to the Progress State Rocket and Space Center (RCC), although it offered half the price. The Amur rocket should be one of the first Russian carriers with a returnable first stage, like Elon Musk's Falcon 9. Roskosmos has summed up the results of the tender for the design of the Amur-LNG launch vehicle, which will use liquefied natural gas as fuel.

Sberbank President German Gref said that Aeroflot is "hardly" servicing its debts to the bank due to the COVID-19 pandemic. Aeroflot is an excellent company, it is obvious that it will survive this difficult situation, but so far, of course, they are paying off all their debts with great difficulty,” Gref said. He said that the bank has a number of large borrowers who have a "difficult situation" with loans.

Russia is so confident in its Sputnik-V coronavirus vaccine that it is ready to bear some legal responsibility for unexpected side effects. This was reported to Reuters according to the head of the RDIF, Kirill Dmitriev. “Russia is so confident in its vaccine that it has not asked for a full risk waiver, and that is the main factor that distinguishes it from any Western vaccine,” Dmitriev said.

The State Duma approved in the first reading an increase in NDPs for metallurgists and fertilizer manufacturers by 3.5 times - according to the bill, increased tax will begin to operate in January 2021. The lower house of the parliament also approved in the first reading the abolition of a preferential export fee for some types of oil - this has been proposed to be done since January next year. Both initiatives belong to the Ministry of Finance.

Sberbank President German Gref, following the Chairman of the Accounts Chamber Alexei Kudrin, spoke out against tax increases. For the Russian economy, it is preferable to reduce government spending, he believes. “I am not a big supporter of any tax increase at all. Our competitive advantage is relatively low tax rates, and now we are losing it. Therefore, I believe that the latest measures that the state needs to take are to raise taxes.

The pandemic has changed the behavior of visitors to shopping centers: people who come there for a walk have practically disappeared from shopping centers, and they have been replaced by target buyers, stated . analysts at CBRE The consulting company conducted an analysis of retailer revenue and customer behavior in August 2020. It turned out that fashion retailers increased revenue in the capital's shopping centers by 3–12% compared to August 2019.

The court commuted the sentence of Kirill Zhukov, the person involved in the Moscow case: instead of 3 years in a general regime colony, the prisoner will spend 2.5 years in a colony-settlement, Svetlana Baiturina, the lawyer for the Apology of Protest, told Interfax. Zhukov was the first person arrested in connection with the riots at the 2019 Moscow summer protests.

Model Natalia Vodianova and her business partner Timon Afinsky co-founded the Locals.org project together with Evgeny Nevgen and Sergey Gonchar, developers of the MSQRD mobile app. In the application, you can collect neighbors in the city for meetings and events for charitable contributions. The Locals.org project will be a so-called "tinder for friends" with a charitable focus, writes Forbes.

Chelsea owner Roman Abramovich may have secretly bought rights to players from other football clubs through Leiston Holdings, an offshore company registered in the British Virgin Islands, according to a BBC investigation. Formally, there is no violation, the resource points out, but there are questions about the ethics of such behavior. The BBC has obtained access to classified US financial intelligence documents (FinCEN).

The Basmanny District Court of Moscow arrested until November 18 the ex-chairman of the executive directorate of Mezhprombank (MPB) Marina Illarionova - she is accused of complicity in the fraudulent schemes of the owner Sergei Pugachev and abuses of 68 billion rubles, writes Kommersant. According to the publication, Illarionova remained in office for only two months - from August 3 to October 5, 2010, that is, exactly before the bank’s license was revoked.

Banks launched salary transfers by phone number through the Fast Payment System (FPS), without waiting for the centralized mechanism of the Central Bank. The service is already available for existing clients - legal entities in Russian Standard Bank, found out . RBC In addition to the Russian Standard, Otkritie, Rosbank, Expobank, BCS Bank, Post Bank and Uralsib are going to introduce salary transfers by phone. Preparing to launch Raiffeisenbank and Tinkoff.

Due to a new outbreak of coronavirus, the UK authorities have urged citizens to choose remote work whenever possible, reports Bloomberg. And the Financial Times has learned that Prime Minister Boris Johnson will announce the closure of bars and restaurants today. “If people can work from home, we will encourage them to do so, but if they need to be in the office, we will make it as safe as possible,” said Secretary of State Chancellor Michael Gove of the Duchy of Lancaster.