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France opposes seizing frozen Russian assets: minister
France opposes seizing frozen Russian assets: minister
Business and Economy
by  AFP

France voiced opposition Tuesday to seizing frozen Russian assets to fund a European military spending boost for Ukraine, arguing such a move would be against international agreements. He added that such funds cannot come from "assets that are captured" as this "would be contrary to international agreements that France and Europe have signed up to".

Saudi Aramco profits drop 12 percent on lower prices, volumes
Saudi Aramco profits drop 12 percent on lower prices, volumes
Business and Economy
by  AFP

Oil giant Saudi Aramco posted a drop in annual profits on Tuesday as lower prices and volumes hit the lynchpin of the kingdom's ambitious economic reform plans. The world's biggest crude exporter said profits were down more than 12 percent to $106.25 billion in 2024, the second annual drop following a surge in oil prices in 2022.