Economy
Hungary’s banking sector is calling for clearer rules, greater stability, and a fairer competitive environment following the election of incoming Prime Minister Peter Magyar. After years of frequent policy changes under former leader Viktor Orban, financial institutions say they need predictability......
BYD, the world’s largest electric‑vehicle maker, reported a sharper‑than‑expected decline in net profit in the fourth quarter of 2025, as intense price competition and tighter regulations in China have trimmed margins for a third consecutive quarter. The company disclosed the figures on Friday......
BMW warned that profits will decline in 2026 as higher tariffs, currency shifts, and rising costs weigh on the German luxury carmaker’s profitability, even as the company bets on its next generation of electric vehicles to drive long term growth. Speaking at its annual conference in Munich, the......
Chinese automaker BYD posted strong sales growth across major European markets in February 2026, reinforcing its expansion on the continent while narrowing the gap with Tesla. The increase comes as the company continues to strengthen its presence in Europe despite weaker performance in its domestic market. In......
Hungary’s state controlled energy company MOL has ordered its first seaborne deliveries of Russian crude to be routed through Croatia, marking a new phase in an energy supply dispute involving Kyiv, Budapest and Bratislava after damage to the Druzhba pipeline in late January. Foreign Minister......
Rabobank has raised concerns over the European Central Bank’s decision to expand its euro repo facility to central banks worldwide, warning that the move could require larger European trade deficits and a stronger euro, outcomes that may prove politically sensitive across member states. In its......
Investors pulled back from emerging markets on Thursday, driving down stocks and currencies amid rising geopolitical tensions and fears of steep U.S. tariffs. The MSCI emerging markets index dropped between 0.7% and 0.8%, its sharpest decline since mid-December, as currencies in Thailand, South Korea,......
European borrowers unleashed a staggering 57.2 billion euros ($66.8 billion) in debt on Wednesday, shattering the region's single-day record for bond sales as issuers capitalized on ideal market conditions to lock in funding for the year ahead. At least 28 issuers sold bonds across 42 tranches on......
European financial markets reacted cautiously on Friday after the European Union reached a landmark agreement to provide a €90 billion loan package to Ukraine, financed through collective borrowing. The move reinforced the bloc’s growing use of shared debt instruments, even as investors weighed......
Serbia’s only oil refinery, operated by the Russian-majority-owned Petroleum Industry of Serbia (NIS), has stopped processing crude oil due to halted supplies caused by US sanctions. The sanctions, which took full effect on October 8 following multiple postponements, have led to banks ceasing payment......
Belgium has unilaterally blocked a proposed €140 billion European Union loan for Ukraine, guaranteed by frozen Russian central bank assets. The move, led by Belgian Prime Minister Bart De Wever, has forced EU leaders to postpone a final decision until December, jeopardizing Ukraine’s urgent......
In a significant move, European Union envoys have reached an agreement to provide Ukraine with up to €35 billion (approximately $38 billion) as part of a broader financial package aimed at supporting the nation amidst ongoing conflict. This loan, which is backed by immobilized assets from the Russian......
