Russia’s Supreme Court has upheld an extraordinary ruling ordering Google to pay 91.5 quintillion rubles (approximately $1.2 quintillion). This colossal sum, vastly exceeding the global GDP, stems from a dispute initiated by pro-Kremlin media outlets demanding the restoration of blocked YouTube accounts. Despite Google’s suspension of operations and subsequent bankruptcy in Russia, courts proceeded with a progressive daily penalty that, when capped at the bankruptcy date, reached the unprecedented amount. The ruling affirmed earlier decisions by lower courts, leaving the US-based company liable for the substantial penalty.
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The European Commission confirmed that X will be required to pay a €120 million fine. While the company has 90 days to respond and the option to challenge the decision in the Court of Justice of the European Union, the Commission plans to collect the funds. Despite the regulatory action, X has not yet issued an official statement, but the company’s owner, Elon Musk, has suggested retaliatory actions against the EU and individuals involved.
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A New York court initially fined Donald Trump $454 million for fraudulently overvaluing his assets, a ruling he is appealing. Trump claims this was politically motivated “lawfare,” citing the alleged improper handling of his case by judges. While an appeals court showed skepticism towards the initial ruling, Trump still faces over $500 million in fines. His appeal, secured with a $175 million bond from a less-than-reputable surety company, hinges on overturning the original verdict.
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John Q. Hosedrinker