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EU poised to seize Russian profits, Greek envoy says
The European Union is expected to agree to seize Russian profits generated in the bloc, a key step to backing Ukraine that stops short of calls to confiscate assets outright, a Greek envoy told AFP on Monday.
US can house 'entire' supply chain for advanced chips: Commerce Dept
US Commerce Secretary Gina Raimondo expressed confidence Monday that the country can house the entire silicon supply chain for making advanced chips, including tech that is key for artificial intelligence. On Monday, Raimondo added that Washington would "prioritize projects that will be operational by 2030" when it invests funds for advanced chipmaking.
US regulator sues to block $24.6 bn Kroger supermarket deal
US antitrust officials filed a lawsuit Monday to block Kroger's proposed $24.6 billion takeover of Albertsons on Monday, saying the supermarket acquisition would harm consumers.
China's BYD lands auto shipment in car powerhouse Germany
Thousands of cars from China's BYD rolled off a ship in the German port of Bremerhaven on Monday, as the world's biggest electric carmaker brought its challenge directly to Europe's auto making powerhouse.
US new home sales rise less than expected in January
Sales of new homes in the United States picked up less than anticipated in January, while the median price also climbed, according to government data released on Monday. Meanwhile, the median sales price of new houses last month came in at $420,700, up from $413,100 in December.
New farmer show of force as EU ministers tackle red tape
Farmers faced off with riot police in Brussels streets paralysed by tractors on Monday, as EU ministers huddled to try to streamline rules and red tape that are fuelling protests across the bloc. Agriculture ministers from the 27-nation bloc were in Brussels to examine proposals for simplifying the EU's much-maligned Common Agricultural Policy (CAP) -- in a new attempt to try to assuage farmers.
Pay up, or else: Latin America cowed by lucrative extortion
Before he opened a new sauna in eastern Lima, Eduardo started receiving extortion messages from a local gang. Neither wanted to say if they eventually paid, but Eduardo opened his sauna, and Anita's hardware store is still operating. cm-vel/ljc/mar/fb/des
Swiss chocolate giant Barry Callebaut may cut 18% of jobs
Swiss chocolate maker Barry Callebaut said Monday that it may cut almost one in five jobs over the next 18 months as part of efforts to cut costs. Barry Callebaut supplies cocoa and other chocolate products to food industry giants including Hershey, Nestle and Unilever.
HTC boss welcomes Apple VR competition
The boss of consumer electronics firm HTC on Monday welcomed Apple's launch of its own a mixed reality headset, saying it will help the technology take off and become mainstream.
AFP
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