Hungary Central Bank Makes Another Rate Cut as Inflation Drops
The central bank of Hungary is expected to press ahead with monetary easing in 2024 due to the sharp drop in inflation last month.
Europe
Ryanair Reports 34% Increase in Net Profit
Irish low-cost carrier Ryanair said that their net profit rose to $2.09 billion or 34%, making it its best-ever financial performance.
Tesla Offers Unofficial Discounts to European Leasing Companies Amid Price Cut Fallout
Tesla is making efforts to address concerns raised by European leasing companies due to multiple retail price cuts and delays in service...
UK to Put Up Office in San Francisco to Address AI Risks
The UK is intensifying its efforts to assess and address AI risks by opening a new office in San Francisco...
Slovak Media Fears Government Crackdown After PM Assassination Attempt
Slovak journalists are concerned that the assassination attempt on Prime Minister Robert Fico would result in a renewed push for a proposal replacing the country’s public broadcaster RTVS...
Facebook, Instagram Face EU Probe Over Suspicions of Failing to Impose Child Protection Policies
The European Union is investigating Facebook and Instagram under conce...
Russia's Vladimir Putin Visits China's Xi Jinping to Strengthen Economic, Political Ties Amid US Global Dominance
Russia's President Vladimir Putin arrived in Beijing on Thursday for a...
Latest News
Shipping Giants Maersk, Hapag-Lloyd Begin Rerouting Ships to Avoid Red Sea as Houthi Attacks Increase
Following a series of attacks on ships in the Red Sea by Iranian-backed Houthi militants, shipping giants Maersk and Hapag-Lloyd have rerouted their vessels, opting for the longer Cape of Good Hope ro
Ukraine Forced to Cut Military Operations as Foreign Aid Runs Out
As foreign aid starts to dry up, a top Ukrainian commander said Ukraine had to downsize its military operations in the war with Russia.
Oil Giant BP Pauses All Tanker Transits Through Red Sea Due to Houthi Attack Fears
Oil giant British Petroleum (BP) has temporarily halted all its tanker transits via the Red Sea after attacks on ships by Iranian-backed Houthi militants based in Yemen escalated.
IMF Approves $900 Million for Ukraine as Volodymyr Zelenskyy Makes Plea for US Aid Ahead of Joe Biden Meeting
The International Monetary Fund (IMF) has approved a $900 million disbursement for Ukraine.
Vladimir Putin: Russia Becoming 'New Global Growth Center' Despite Western Isolation
Russian President Vladimir Putin has asserted that the economic isolation Russia faces due to international sanctions is even helping the country to transform into a "growth center" in a "new global e
Italy Formally Withdraws From Belt and Road Agreement With China
Italy has officially informed China that it is withdrawing from the Belt and Road Initiative (BRI), marking a significant shift in its international economic alliances.
EU to Delay Tariffs on UK Electric Vehicles for 3 Years, Offers €3 Billion to Boost Battery Manufacturing
The European Commission has proposed a three-year delay in implementing tariffs on electric vehicles (EVs) traded between the United Kingdom (UK) and the European Union (EU).
Denmark Set to Remove 1,000 Crown Banknote From Circulation
Denmark is poised to withdraw its largest denomination, the 1,000 crown banknote, from circulation.
EU Military Spending Hits Record High of €240 Billion Following Russia's Invasion of Ukraine
Military spending within the European Union (EU) reached a historic high of €240 billion ($261.8 billion) in 2022, marking a 6% increase from the previous year.
