Nvidia Develops New Location-Verification Technology for AI Chips 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S. 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
GameStop Misses Q3 Revenue Estimates as Digital Shift Pressures Growth 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
Google's local subsidiary in Russia has filed for bankruptcy, and this was posted on the Russian office of registry - Fedresurs. The post was said to have been publicized on Wednesday, May 18.
In the message, Google's Russian unit reportedly submitted a notice of intention to declare itself insolvent or bankrupt. The move comes after the company revealed that the Russian authorities seized hold of its bank account in the country. The company said that without its funds, it is extremely hard for its office to operate.
"Since March 22, 2022, it foresees its own bankruptcy and inability to fulfill its monetary obligations, demands to pay severance payments and the remuneration of staff working or previously working under an employment contract," Reuters quoted part of the note posted at the Fedresurs as saying. "And the obligation to make mandatory payments within the prescribed period."
The publication tried to reach out to Google Russia for comments, but it was not able to respond immediately. David Sneddon, the Russian subsidiary's general director, was also contacted but could not be immediately reached as well.
In any case, based on Interfax news agency's Spark database of Russian firms, Google's unit in Russia posted a revenue of 134.3 billion roubles in 2021. Thus, it still has huge funds in its bank account when it was seized by the local authorities.
Google further told the Financial Times that with the confiscation of its bank account, it could no longer pay its employees and suppliers. The tech firm will not be able to meet its other financial obligations, so filing for insolvency is the only remaining option.
Then again, despite its move to file for bankruptcy, Google's Russian unit said it would continue to provide free services to its users in the region. These services include the availability of Google search, Google Maps, YouTube, Google Play, and Gmail. It was noted that the YouTube video-sharing site is hugely popular in the country as many Russians are making a living out of their own channels on the platform.
