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Seizing Russian assets would risk 'terrible systemic shock' to euro: Belgian FM
Seizing Russian assets would risk 'terrible systemic shock' to euro: Belgian FM
by  AFP

Seizing Russian central bank assets immobilised in the 27-nation EU over the Ukraine war risks inflicting major damage on Europe's economy, Belgian Foreign Minister Maxime Prevot told AFP Friday. The EU froze some 200 billion euros of Russian central bank assets after the 2022 invasion of Ukraine, the vast majority of which are held by the international deposit organisation Euroclear in Belgium.

EU hits Google with €2.95 bn fine despite Trump threats
EU hits Google with €2.95 bn fine despite Trump threats
by  AFP

The EU slapped Google with a massive 2.95 billion euro ($3.47 billion) antitrust fine for favouring its own advertising services Friday, despite President Donald Trump's warnings not to target US big tech. This behaviour is illegal under EU antitrust rules," EU competition chief Teresa Ribera said.

Tesla proposes package for Musk that could top $1 trillion
Tesla proposes package for Musk that could top $1 trillion
by  AFP

Tesla unveiled on Friday a proposed compensation package for Elon Musk that could top $1 trillion if the controversial CEO delivers on his vision for stratospheric growth from new technologies. Earlier this month, Tesla announced an "interim" compensation award worth about $29 billion for Musk, asserting the need to retain the controversial CEO at a moment of fierce competition for top talent.

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