Author: staff
Italy and Hungary signaled Thursday that ties will remain strong after Viktor Orbán’s departure, as his successor Péter Magyar and Prime Minister Giorgia Meloni vowed close cooperation. Meloni welcomed Magyar to Rome, writing on X that the relationship between the two countries “is strong and well-established, and we intend to continue strengthening it further.” “Long live Italian–Hungarian friendship!” Magyar added. The incoming Hungarian prime minister confirmed the two leaders had “a constructive and forward-looking meeting” and that the two were “closely aligned on many issues.” Meloni has been a close ally of Orbán on the European political stage since she…
A new wave of global shocks mainly caused by the war in the Middle East is pushing up the cost of living once again and bringing about a revised economic outlook, the IMF’s outlook report for sub-Saharan Africa titled ‘Hard-Won Gains Under Pressure’ shows. From food to fuel costs, and fertiliser prices, the pressure is being felt on the ground—raising fresh concerns about economic resilience across the region in 2026. According to the IMF’s report, regional growth is expected to slightly ease to 4.3% while median inflation is expected to increase to 5.0% by the end of 2026. The latest…
Published on 07/05/2026 – 14:51 GMT+2 Economic growth in the Pacific could slow from 4.2% in 2025 to 2.8% in 2026, with downside risks potentially dragging it as low as 2.0%, according to the Asian Development Bank (ADB). The bank said the downgrade reflects worsening global conditions, linked in part to energy supply disruptions caused by the conflict in the Middle East. ADB President Masato Kanda told Euronews the institution is already preparing targeted support for economies under strain. “We have received several support requests and want to deliver assistance quickly and beyond immediate needs,” Kanda said. “We stand ready…
Kraków, the once royal capital of Poland, is stepping further into the European travel spotlight after being crowned the continent’s best leisure destination by Global Traveler magazine. In its 2026 Leisure Lifestyle Awards, the southern Polish city ranked ahead of Seville, Porto, Istanbul, and Lisbon with the winning destinations chosen by votes cast in a survey by Global Traveler’s readership. “These winners are determined by the people who are regularly travelling and attempting to achieve that perfect balance,” the magazine said. The recognition comes amid continued interest in Kraków, which welcomed almost 700,000 international visitors in 2025. Germany, the United…
Deutschland und die EU diskutieren über Regulierung, während die Weltspitze bei der Künstlichen Intelligenz davoneilt. Während ChatGPT und Co. die Schlagzeilen beherrschen, entscheidet sich die Zukunft des Standorts Deutschland in den Fabrikhallen. Siemens-Chef Roland Busch steuert das wertvollste Unternehmen des Landes durch diese Transformation und findet im Gespräch mit POLITICO Executive Editor Gordon Repinski deutliche Worte für die wirtschaftspolitische Lage. Und in dieser Folge von Power & Policy analysiert Joana Lehner mit Larissa Kögl den Durchbruch bei der Lockerung des EU AI Act: Was bedeutet der „Digitale Omnibus“ für Unternehmen? Und ist die gefürchtete Doppelregulierung damit nun endlich abgewendet? „Power…
Published on 07/05/2026 – 15:53 GMT+2 One person has died and 43 were rescued when a migrant boat got into difficulties in the Aegean Sea, Turkish authorities said on Thursday, while an NGO accused the Greek coastguard of endangering the vessel. The migrants were around 30 kilometres from the Greek island of Lesbos when their inflatable boat became “partially submerged” on Wednesday, the Turkish coastguard said. Forty-three people were rescued by the Turkish coastguard, including four who were in the water. “The body of an irregular migrant was recovered and a suspected smuggler was apprehended,” the Turkish coastguard said. The…
By Euronews Persian Published on 07/05/2026 – 14:04 GMT+2 Iranian President Masoud Pezeshkian said on Thursday he had met Mojtaba Khamenei in person and spoken with him for two and a half hours, in the first public confirmation that the Islamic Republic’s new ayatollah has been seen by a senior official since his appointment more than two months ago. Pezeshkian, speaking at a meeting with trade unions and market representatives, gave no details of when or where the meeting took place, what was discussed, or who else was present. He said the exchange was “completely unmediated”. “What stood out to me…
The UK bond market is currently experiencing a period of intense volatility, with the yield on 30-year government bonds, known as gilts, climbing to its highest point since 1998. On Tuesday, 30-year gilt yields rose as much as 0.14% to 5.79%, their highest level this century, before dipping slightly to around 5.6% at the time of writing. The yield on the 10-year gilt also climbed as much as 0.15% to 5.11%, very close to the 18-year high of 5.12% hit earlier in the Iran war. It has since lowered somewhat to roughly 4.93% on Thursday. Bond prices and yields have…
A Chinese military court has handed two former defense ministers suspended death sentences following their convictions on graft charges. Wei Fenghe, who served as defense minister from 2018 to 2023, and his successor Li Shangfu, who held the post for several months in 2023, were convicted on Thursday of accepting bribes. Li was also found guilty of offering bribes. Both were given a suspended death sentence with a two-year reprieve and no parole, which is often automatically commuted to life imprisonment after that period. According to China’s Xinhua state news agency, both men were stripped of their political rights for life…
By Prof. Dr. h. c. mult. Reinhold Würth, Honorary Chairman of the Supervisory Board of the Würth Group Published on 07/05/2026 – 12:00 GMT+2 In April 2026, I celebrated my 91st birthday. At the end of World War II, I was 10 years old, which gave me the opportunity to experience the golden years of the German Federal Republic from day one. Future generations will refer to the period from 1945 to at least 2026 as Germany’s Golden 80 Years: a Germany at peace for 80 years, annual growth in prosperity, a functioning democracy. I am grateful that I was born…