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Seizing Russian assets would risk 'terrible systemic shock' to euro: Belgian FM
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
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 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.
Europe bets on supercomputer to catch up in AI race
Europe's fastest supercomputer Jupiter was inaugurated Friday in Germany with Chancellor Friedrich Merz saying it could help the continent catch up in the global artificial intelligence race. "We in Germany, and we in Europe, have every opportunity to catch up and then keep pace" with AI pioneers the United States and China, said Merz.
Merz inaugurates supercomputer, says Europe can catch up in AI race
German Chancellor Friedrich Merz said on Friday that Europe can catch up in the global artificial intelligence race as he inaugurated the continent's fastest supercomputer.
Venice Film Festival a red carpet pulpit for 'King Giorgio' Armani
For decades, the red carpet of the Venice Film Festival was one of Giorgio Armani's most high-profile catwalks, with the stars of cinema donning his elegant creations for the eyes of the world.
The massive debt behind France's political turmoil
France's growing debt pile is at the heart of the confidence vote that could topple the government of Prime Minister Francois Bayrou next week. Bayrou called the vote to settle a fight over the budget as he seeks 44 billion euros ($51 billion) in savings to cut the debt.
China to impose temporary duties on EU pork over 'dumping'
China said Friday it would impose temporary anti-dumping duties on European Union pork imports, delivering another blow to shaky ties between the economic powerhouses. The investigation has "preliminarily determined that imports of relevant pork and pig by-products originating in the European Union are being dumped", a statement from China's commerce ministry said.
Danish wind giant sues US government over project halt
Danish energy group Orsted has filed a lawsuit seeking to prevent the US government from blocking the construction of one of its wind farms that was nearing completion.
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