Hungary Financial News

BRUSSELS (Reuters) — The biggest obstacle to a deal on a mid-term revision of the European Union's 7-year budget is the internal discussion in Germany on the country's own budget, thrown into turmoil by a constitutional court ruling, the EU Budget Commissioner said.

Turkish President Recep Tayyip Erdogan will visit Hungary’s capital next month

By Marc Jones

Formula One enthusiasts, Lewis Hamilton's famed Mercedes F1 car, the vehicle that carried him to his maiden victory for the team, has set a remarkable record. At an auction held by RM Sotheby’s on November 17 in Las Vegas, the car fetched an astounding $18.8 million. The hammer price reached $17.1 million, with an additional 10% buyer’s premium.

Nearing the end of a tumultuous year for assets in developing countries, emerging-market currencies are poised for the best performance since 2017 as a late rally pushes investors to lock in higher yields while they still can.

The European Union’s executive has proposed to the member states a new package of sanctions targeting Russia

Vodafone said Tuesday that it sank into a first-half loss and revenue dipped after one-off gains from asset sales were not repeated as it undergoes a vast overhaul. Net losses totalled 346 million euros ($370 million) in the six months to the end of September, Vodafone said in a results statement. That compared with profit after tax of 945 million euros in the same period a year earlier. Revenues fell 4.3 percent to 21.9 billion euros, hit by adverse foreign exchange rate moves as well as the sale of Vantage Towers, Vodafone Hungary and Vodafone Ghana last time around. But services revenue grew 4.2 percent to 18.6 billion euros. Vodafone added that its transformation plan was «progressing», two weeks after it announced the sale of its Spanish division to investment fund Zegona for up to 5.0 billion euros. In a further streamlining, Vodafone in June agreed to merge British operations with Three UK, owned by Hong Kong-based CK Hutchison, to create Britain's biggest operator with 27 million customers, as it targets an acceleration in faster 5G connectivity. «During the first half of the year, we have delivered improved revenue growth in nearly all of our markets and have returned to growth in Germany in the second quarter,» said chief executive Margherita Della Valle. «Vodafone's transformation is progressing.

Read our coverage of the Israel-Hamas war and the Ukraine war A concatenation of crises is hardly unprecedented. Sergey Radchenko, a historian, points to the examples of the Soviet invasion of Hungary and the Suez crisis overlapping in 1956, crises in Lebanon and the Taiwan Strait in 1958 and the tumultuous years of 1978-79, when the Chinese invasion of Vietnam, the Islamic revolution in Iran and the Soviet Union’s invasion of Afghanistan unfolded in quick succession. In 1999 India and Pakistan, newly armed with nuclear missiles, waged a war over Kashmir while NATO bombed Serbian forces in Yugoslavia.

India voted in favour of five resolutions relating to the situation in the Middle East, including one that condemned Israeli settlement activities in the Occupied Palestinian Territory, and abstained on one resolution. The Fourth Committee (Special Political and Decolonization) of the UN General Assembly approved six draft resolutions on November 9 all by recorded votes, relating to the situation in the Middle East, including the Palestinian question.

By Raphael Satter

By Gergely Szakacs

FRANKFURT (Reuters) — Chinese electric vehicle giant BYD (SZ:002594) plans to build its first European car factory in Hungary, a German newspaper reported on Saturday.

Love Actually" will be re-released with a brand-new 4K restoration in theatres in several countries. For viewers in the US, the film will be released on home video and digitally. The iconic film, produced by Working Title and featuring an ensemble cast including Emma Thompson, Hugh Grant, Chiwetel Ejiofor, Keira Knightley, Colin Firth, Bill Nighy, and Liam Neeson, will also see its release on home video and digital platforms in the United States and France. Originally unveiled during the 2003 holiday season, «Love Actually» quickly captured the hearts of audiences worldwide and, over the two decades since its premiere, has become a cherished and enduring modern Christmas classic.

The New York Post. He continued to push his own theory for why Soros directs his Open Society Foundations toward local elections rather than national campaigns. “Once you get to city and state district attorneys, the value for money is extremely good.

Dracula. «He was a Romanian prince, not a vampire,» said the schoolboy, as he tripped by torchlight through the nocturnal gloom of Forchtenstein Castle. The group being guided through the Austrian fortress are eager to sink their teeth into the gripping life of Vlad Tepes, the notorious «Vlad the Impaler», whose descendants once held the schloss. The castle is home to one of the few paintings of the cruel 15th-century prince, and this Halloween its curators are trying to bring the real historical figure out from the chilling shadow of the monster invented by the Irish writer Bram Stoker. Rather than being a ghoulish fiend, the real Vlad Tepes had for a «long time gone down in history as a positive figure» who courageously fought the Ottoman Turks, said the director of its collections, Florian Bayer. «More and more people are able to distinguish between the bloodsucking vampire and the historical figure,» he said. Voivode Vlad III — also known by his patronymic name Dracula derived from the Slavonic word for dragon — once ruled over Wallachia, a Romanian-speaking vassal state of the Kingdom of Hungary.

Hungarian Prime Minister Viktor Orban will be the center of attention at an EU summit on Thursday following his meeting with Russian President Vladimir Putin last week

Prime Minister Viktor Orbán has compared Hungary’s membership in the European Union to more than four decades of Soviet occupation

Recep Tayyip Erdogan has submitted a protocol for Sweden's admission into NATO to Turkey's parliament for ratification, his office said Monday. Erdogan had been delaying ratification of Sweden's membership, accusing Stockholm of being too soft on Kurdish militants and other groups he considers to be security threats. Turkey also was angered by a series of Quran-burning protests in Sweden.

Samsung SDI said on Monday it will supply Hyundai Motor with electric vehicle (EV) batteries for seven years starting 2026, marking the first battery supply deal between the two companies. «The latest supply deal marks the first ever partnership between Samsung and Hyundai Motor Group in the field of electric vehicle batteries,» Samsung SDI said in a statement. The battery maker, which supplies to General Motors Co, Stellantis, and BMW among others, added that it will supply prismatic batteries manufactured at its factory in Hungary for Hyundai Motor's EVs targeting the European market from 2026 through 2032.

Germany’s state-owned railway operator, Deutsche Bahn, says it has agreed to sell its European public transport subsidiary, Arriva, to U.S.-based infrastructure investor I Squared Capital

Mint explains why the outcome of the meeting may be good news for India. It's a highly ambitious project is aimed to building infrastructure and connectivity across Asia, Europe and Africa in an effort to reconstruct 21st century versions of a terrestrial and maritime silk road. Many observers saw the project as an effort by China to export its surplus capacity in construction and other fields to foreign nations while also linking their markets to China’s economy.