Hungarian Prime Minister Viktor Orban faces political challenges as U.S. tariffs threaten Hungary's economy. With opposition parties gaining momentum ahead of the 2024 elections, critics argue for a Europe-focused approach, criticizing Orban’s ties with Trump and his economic handling.
Hungarian Prime Minister Viktor Orban, once optimistic about Trump's presidency, now faces political turmoil as U.S. tariffs threaten Hungary's economy. The tariffs have put pressure on Hungary's economy, which relies heavily on trade, especially in the auto industry. Orban’s close ties with Trump, once seen as an advantage, now complicate his political standing as the opposition grows stronger.
Ahead of Hungary's 2024 elections, opposition parties have gained momentum, criticizing Orban's economic policies and his support for Trump’s protectionist measures. The far-right's support across Europe, including Orban, has been tempered by the economic challenges posed by the tariffs. While Orban tries to negotiate a deal with the U.S. to offset the economic impact, critics argue Hungary should focus on strengthening ties with Europe instead.
As Hungary’s economic situation worsens, the political landscape is shifting. Opposition leaders, including Peter Magyar, have criticized Orban's leadership and his handling of inflation, which has reached record highs. The opposition is now gaining ground, positioning themselves as champions of a more Europe-focused policy in response to the economic challenges and the fallout from Trump’s tariffs.
With looming US tariff hikes on steel, the UK is pushing for a swift implementation of a trade deal meant to protect £400mn in exports and safeguard industry jobs.
Japan and the U.S. are facing tough trade talks as Tokyo resists quick concessions under tariff pressure from President Trump, preferring a balanced deal over a rushed agreement ahead of elections and amid broader tensions with China.
The IMF has lowered global and U.S. economic growth forecasts, citing Trump-era tariffs and rising uncertainty. Global growth is expected at 2.8% this year, while U.S. growth may slow to 1.8%, with heightened recession and inflation risks.
As trade tensions with the United States reach new heights, China has issued a firm rebuke to the Trump administration’s proposed tariffs of up to 245% on Chinese imports, dismissing the measures as a “tariff numbers game” and vowing not to yield to external pressure.
Norway's King Harald and Queen Sonja visited the Arctic archipelago of Svalbard on Monday, marking 100 years of Norwegian sovereignty amid growing global interest in the polar region.
Israel launched a strike on Saturday targeting Iran’s energy sector for the first time in its current military campaign, hitting installations at the South Pars gas field, a major fuel depot in Tehran, and a nearby oil refinery.
The EU will delay plans to curb Russian nuclear fuel imports, focusing first on phasing out Russian gas by 2027, the European Commission confirmed.
Another group of the Tchaikovsky Symphony Orchestra of Russia has been evacuated from Iran to Azerbaijan. During the night, a new group of orchestra members crossed into Azerbaijan through the Astara border checkpoint as part of the ongoing evacuation process.
France has closed four major Israeli company stands at the Paris Air show for reportedly displaying offensive weapons, intensifying diplomatic tensions with Israel amid criticism of its actions in Gaza.
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
The Israeli military has issued an evacuation advisory for Iranian civilians living near weapons production sites and associated infrastructure within Iran. The message was shared on the social media platform X in both Arabic and Farsi by an official military spokesperson.
An Air India flight with 242 passengers on board crashed in Meghaninagar, close to Ahmedabad airport in Gujarat, on Thursday afternoon.
India expects to conclude a free trade agreement with the European Union by the end of 2024, Prime Minister Narendra Modi said during his visit to Cyprus.
Türkiye’s current account balance registered a deficit of $7.8 billion in April, according to data released Monday by the Central Bank of the Republic of Türkiye (CBRT), marking a wider-than-expected shortfall amid a sharp goods trade imbalance.
Thousands of tourists in Israel find themselves stranded as escalating conflict between Israel and Iran has forced flight cancellations and city lockdowns, turning short vacations into uncertain, prolonged stays.
Norway's King Harald and Queen Sonja visited the Arctic archipelago of Svalbard on Monday, marking 100 years of Norwegian sovereignty amid growing global interest in the polar region.
The EU will delay plans to curb Russian nuclear fuel imports, focusing first on phasing out Russian gas by 2027, the European Commission confirmed.
Norway's King Harald and Queen Sonja visited the Arctic archipelago of Svalbard on Monday, marking 100 years of Norwegian sovereignty amid growing global interest in the polar region.
Israel launched a strike on Saturday targeting Iran’s energy sector for the first time in its current military campaign, hitting installations at the South Pars gas field, a major fuel depot in Tehran, and a nearby oil refinery.
The EU will delay plans to curb Russian nuclear fuel imports, focusing first on phasing out Russian gas by 2027, the European Commission confirmed.
Another group of the Tchaikovsky Symphony Orchestra of Russia has been evacuated from Iran to Azerbaijan. During the night, a new group of orchestra members crossed into Azerbaijan through the Astara border checkpoint as part of the ongoing evacuation process.
France has closed four major Israeli company stands at the Paris Air show for reportedly displaying offensive weapons, intensifying diplomatic tensions with Israel amid criticism of its actions in Gaza.
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