Friday newspaper round-up: Belgium anti-terror, IMF, BP...

Two people were killed and one other was arrested in an anti-terror operation on Thursday in Verviers, eastern Belgium, reports The Independent. “Prosecutors said that the alleged terror cell was suspected of planning attacks on police stations, where security measures were increased yesterday,” the paper said.

The collapse is oil prices will not save the global economy, warned International Monetary Fund (IMF) managing director Christine Lagarde, according to The Telegraph. The IMF chief said cheap oil was a “welcome shot in the arm” but growth remains “too low, too fragile and too lopsided”.

BP faces a possible civil penalty of up to $13.7bn for the Gulf of Mexico oil spill following a court ruling, the Financial Times said. The news comes after a US judge “split the difference between competing claims about how much oil had escaped into the ocean”.

Google has admitted that its ‘smart’ eyewear, Google Glass, has failed to take off and has decided to stop production of its first version, writes The Times. Experts reckon that the tech giant launched its product “far too soon”, the paper said.

The EU may shed “unwelcome light” on Friday about Amazon’s favourable tax arrangements in Luxembourg, according to The Guardian. “The investigation centres on suspicions that the deal amounted to illegal state aid or subsidies, distorting the EU single market,” the paper said.

Over 100 food and drink suppliers could face collapse because of the price war raging on between the UK’s top supermarkets, according to The Telegraph. Research from Begbies Trainer showed that the amount of food manufacturers judged to be in “significant distress” jumped 92% to 1,410 business in the fourth quarter of 2014.

Currency broker FXCM could have breached its capital requirements after clients suffered heavy losses on their Swiss franc trades, following Switzerland’s surprise decision to remove its currency ceiling, reports the Financial Times.