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☆ Klarna says its AI assistant is doing the work of 700 people after putting the brakes on hiring
▼ + stars: | 2024-02-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Klarna says its AI assistant is doing the equivalent work of 700 people. Not everyone's impressed, but the assistant is another sign of the company's enthusiasm for AI. AdvertisementKlarna says its AI assistant is doing "the equivalent work of 700 full-time agents." One user, Gergely Orosz, a software engineer and author of The Pragmatic Engineer newsletter, said he was skeptical of the news after trying out Klarna's AI assistant. Advertisement"There will be a shrinking of the company," Siemiatkowski said in December.

Persons: Klarna, Swedish fintech, everyone's, —, Gergely, Sebastian Siemiatkowski, Siemiatkowski, We're Organizations: Service, Business, Telegraph Locations: Swedish

☆ Uber's smooth operator Dara Khosrowshahi has done something Travis Kalanick never could: turn a profit
▼ + stars: | 2024-02-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewWho knows what kind of fate would have awaited Uber had Travis Kalanick decided not to relinquish his power in 2017. But instead of crashing, Uber has seemingly defied the odds thanks to Kalanick's successor, Dara Khosrowshahi. Net profit for the year hit $1.9 billion versus an enormous $9.1 billion loss in 2022, which had been inflated by revaluations of Uber's equity investments. Former Uber boss Travis Kalanick. But having been at the helm of online travel business company Expedia for 12 years before moving to Uber, Dara's success appears to come from his pedigree as an operator.

Persons: —, Uber, Travis Kalanick, Dara Khosrowshahi, Khosrowshashi, Eric Piermont, Khosrowshahi, SoftBank, Didi Chuxing Organizations: Service, Business, AFP Dara's Locations: Silicon, San Francisco, China

☆ Apple is shipping out jailbroken iPhones and a bunch of stickers to bug bounty hunters
▼ + stars: | 2024-02-01 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJailbreaking iPhones — essentially, hacking iOS to remove security features — is a talking point on social media again. Gergely Kalman, a security researcher, posted a photo of a "Security Research Device," or SRD, a jailbroken iPhone 14 Pro sent to him by Apple, on X (formerly known as Twitter). Apple pre-jailbreaks the devices, allowing third-party researchers to probe for vulnerabilities without worrying about being locked out. "Apple strongly cautions against installing any software that modifies iOS," the iPhone User Guide said.

Persons: —, Gergely Kalman, Kalman, Apple Organizations: Service, Apple, Business, iOS, TechCrunch Locations: Spain

☆ Hungary Far-Right Would Lay Claim to Neighbouring Region, if Ukraine Loses War
▼ + stars: | 2024-01-28 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

BUDAPEST (Reuters) - Hungary's far-right Our Homeland party would lay claim to a western region of Ukraine that is home to about 150,000 ethnic Hungarians if Ukraine loses its statehood due to Russia's invasion, the party's leader said late on Saturday. "Regarding the war in Ukraine, our message is very simple: immediate ceasefire, peace and a resolution through talks," Toroczkai said in a video posted on his party's website, calling for autonomy for ethnic Hungarians in western Ukraine. "If this war ends up with Ukraine losing its statehood, because this is also on the cards, then as the only Hungarian party taking this position, let me signal that we lay claim to Transcarpathia," he said, drawing applause from the crowd. Budapest has clashed with Kyiv over what it says are curbs on the rights of roughly 150,000 ethnic Hungarians to use their native tongue. Last month all European Union states except Hungary, which is also a member of NATO, agreed to start EU accession talks with Ukraine.

Persons: Laszlo Toroczkai, Toroczkai, Viktor Orban, Zoltan Kovacs, Peter Szijjarto, Dmytro Kuleba, Denys Shmyhal, Boldizsar Gyori, William Maclean Organizations: Homeland, Dutch Forum for Democracy, Ukraine, Hungarian Foreign Ministry, Hungarian, Union, NATO Locations: BUDAPEST, Ukraine, Ukrainian, Budapest, Hungarian, Hungary

☆ Corporate America's loyalty problem is on display in Big Tech
▼ + stars: | 2024-01-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how there's no more loyalty in corporate America between employers and their workers. Business Insider's Aki Ito, who has covered workplace trends better than anyone, dove into the deterioration of loyalty in corporate America. The best example of the deterioration of loyalty in corporate America these days is in Big Tech. AdvertisementOne year later, Big Tech's layoffs are back and could become the new normal, Business Insider's Peter Kafka writes. However, the best representation of the growing employee-employer chasm in Big Tech is at Google.

Persons: —, hustleharder, Insider's Aki Ito, they're, Insider's Peter Kafka, Kali Hays, BI's Eugene Kim, Ashley Stewart, Long, Sundar Pichai, BI's Hasan Chowdhury, Brian Moynihan, Moynihan, Laura Labovich, Asher, Emerson, Bill O'Leary, there's, Frederic J . Brown, haven't, Christian Dior, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb Organizations: Service, Big, Workers, Amazon MGM Studios, Big Tech, Google, OsakaWayne, Investment, New, Bank of America's, Fed, Washington, Getty, Meta, OpenAI Mafia, Shoppers, Spotify, Couture, United Airlines, The, Business Locations: America, Big Tech, Big, Bethesda, That's, Paris, New York, San Diego, London

☆ Googlers are realizing layoffs are 'just business' — and they're starting to fight back
▼ + stars: | 2024-01-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Pushing back against Google leadersIn response to the most recent wave of cuts this week, Google software engineer Diane Hirsh Theriault took to LinkedIn to vent about Google's leadership. "We're continuing to support any impacted employees as they look for new roles here at Google and beyond," Google said. Though he acknowledged one director followed up with him after the news, he has "harbored a lot of anger and frustration at Google's leadership" over the way layoffs have been handled since January 2023. AdvertisementThat's probably a pretty tough thing to accept for Google workers aggrieved by the layoffs.

Persons: —, Larry Page, Sundar Pichai, Googlers, Diane Hirsh Theriault, RSVP, hiZPDomas5, Stephen McMurtry, Kenneth Smith, Gergely Orosz, Smith, Orosz Organizations: Service, Google, Business, Big Tech, LinkedIn, Alphabet Workers, Alphabet Workers Union Locations: Mountain View, New York

☆ Why constant job cuts could be the new normal for Big Tech
▼ + stars: | 2024-01-18 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A shorter, plain-English version might look like this: "We're a really big company that makes a lot of money and Wall Street wants us to make more. And if that's happening at Google — a company worth close to two trillion dollars — you can expect to see it at other Big Tech companies, too. All of the biggest tech companies would like to have something shiny and new to show off to investors — another growth story. But in any case: Absent a truly breakthrough product, Big Tech is going to look like any other big, established industry — one that periodically lays off workers.

Persons: —, What's, Sundar Pichai, it's, Meta, that's, they're Organizations: Service, Business, Google, Wall, Big Tech, Tech

☆ NATO Accession Looks to Be 'Not a Priority' for Sweden, Hungary Says
▼ + stars: | 2024-01-18 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

BUDAPEST (Reuters) - Sweden has not done anything to boost confidence in its suitability for NATO membership, and has given the impression that joining the alliance is not a priority for the country, an aide to Hungary's prime minister said on Thursday. Sweden applied to join the North Atlantic Treaty Organization in May 2022 following Russia's invasion of Ukraine but the accession process, which requires the approval of all existing members, has been held up by Turkey and Hungary. Gulyas suggested that Sweden's foreign minister or prime minister should "get in touch and ask what concerns the Hungarian parliament has" about Sweden's NATO accession. Replying to a reporter's question, he said Hungary wanted to avoid being the last country to ratify Sweden's NATO accession, but "we will probably not manage to do so without Sweden's help. The Turkish parliament's general assembly may debate Sweden's NATO membership bid in the coming weeks, the ruling AK Party's parliamentary group chairman said last week.

Persons: Viktor Orban's, Gulyas, Gergely Szakacs, Anita Komuves, Marie, Alex Richardson Organizations: NATO, Atlantic Treaty Organization, Nordic, Turkish, AK, Marie Mannes Locations: BUDAPEST, Sweden, Ukraine, Turkey, Hungary, Swedish, Moscow, Budapest, Stockholm

☆ A popular female coding Instagram account that said men 'suffer from biases equally to women' was created by a man, report says
▼ + stars: | 2023-12-01 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

The person behind a female coder's Instagram account is a man, 404 Media reports. The page, called coding_unicorn, has 115,000 followers and claims to be run by a woman called Julia. AdvertisementA popular Instagram account fronted by a woman named Julia Kirsina is run by a man, according to a 404 Media investigation. But in reality, the person running the account is a male software developer called Eduards Sizovs, according to a 404 Media report. Advertisement404 Media dug into Sizovs' IP logs and old YouTube videos, and said it found that he had access to an email account called coding_unicorn.

Persons: Julia, —, Julia Kirsina, Kirsina, coding_unicorn, Sizovs, Ayodeji, Satya Nadella, Gergely Orosz, Anna Boyko, Alina Prokhoda, Kristine Howard, Julia Kirsina —, Scott Hanselman Organizations: Service, Business, Sizovs, Microsoft, Amazon Web Services, Bloomberg

☆ Microsoft and Amazon Web Services executives are bailing on this tech conference after the organizer was accused of using fake female panelists
▼ + stars: | 2023-11-28 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

A tech conference organizer was accused of listing fake female panelists on his event website. AdvertisementAn online software development conference has come under fire after its organizers were accused of listing fake female panelists on its website. The DevTernity Conference was slated to run from 7 to 8 December, and featured speakers from Microsoft and Amazon Web Services. He also explained the origins of the three fake female profiles. According to Sizovs, he secured the participation of two female panelists, but both eventually withdrew their participation.

Persons: Eduards Sizovs, —, Gergely Orosz, you've, Anna Boyle, Orosz, Sizovs, Kristine Howard, Scott Hanselman, he's Organizations: Service, Microsoft, Amazon Web, Bloomberg, Amazon Web Services, Sizovs, DevTernity Conference, Business Insider

In Hungary, central bank governor Gyorgy Matolcsy is under pressure from Viktor Orban's government to cut rates further ahead of local and European Parliament elections next year. Reuters GraphicsTANGIBLE BENEFITSA 2021 World Bank survey found that political meddling in central bank policy led to sustained periods of high inflation in emerging market economies such as Turkey and Argentina. "Attempts to bring the president of the NBP before the State Tribunal can be directly interpreted as an attack on the independence of the central bank," the spokesman said. How those premia evolve will depend partly on how politics in Poland and Hungary is perceived by investors to influence the central banks in the months to come. "Everything else being equal, the less independent the central bank, the more real yield you need to have to be compensated for the risk," said Arif Joshi at Lazard Asset Management.

Persons: Adam Glapinski, Gyorgy Matolcsy, Viktor Orban's, Donald Tusk's, Karen Vartapetov, Paul Gamble, Glapinski's, Glapinski, Marta Kightley, Orban, Peter Virovacz, Arif Joshi, Karol Badohal, Gergely, Mark John, Toby Chopra Organizations: WARSAW, Law and Justice, U.S . Federal Reserve, EU, Sovereign, Investor, Emerging, Fitch, Local, ING, Lazard Asset Management, Thomson Locations: Hungarian, Poland, Hungary, BUDAPEST, Europe, Turkey, Argentina, WARSAW

☆ Hungary's Ruling Party Submits Bill on 'Protecting National Sovereignty'
▼ + stars: | 2023-11-21 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban's ruling Fidesz party submitted a bill on "protecting national sovereignty" to parliament on Tuesday to defend against what it called undue political interference by foreign persons or groups. The bill would set up a separate authority to explore and monitor risks of political interference and recommend changes in regulations. It would also punish banned foreign financing for parties or groups running for election with up to three years in prison. "Hungary's sovereignty is impaired -- and it also carries a heightened risk to national security -- if political power gets into the hands of persons or organisations dependent on any foreign power, organisation or person," the bill said. Orban, who has a two-thirds majority in parliament that allows Fidesz to change any legislation, scored his fourth landslide victory in 2022.

Persons: Viktor Orban's, Orban, Ursula von der Leyen, Boldizsar Gyori, Josie Kao Organizations: European Union, Communist, Fidesz, EU, Ukraine Locations: BUDAPEST, Hungarian, Hungary

People walk past the new headquarters of the European Bank for Reconstruction and Development (EBRD) in Canary Wharf, London, Britain, September 14, 2023. REUTERS/Alishia Abodunde/File photo Acquire Licensing RightsSummaryCompanies Move follows Hungary govt exit from Erste unitGovt raising financing for airport transactionExit 'good news' for sector's stability -EBRDBUDAPEST, Nov 15 (Reuters) - The European Bank for Reconstruction and Development is selling its 15% stake in Erste Group Bank's (ERST.VI) Hungarian unit back to the Austrian group after the Hungarian government's recent exit from the bank, a top EBRD official told Reuters. Austrian lender Erste said on Friday it was repurchasing a 15% stake in its Hungarian subsidiary, currently held by Hungarian state-owned Corvinus International Investments. Francis Malige, EBRD managing director of financial institutions, said the investment had been designed to help the Hungarian bank recapitalise while supporting a positive relationship with the authorities. "We received a call notice from Erste last Friday and are proceeding with the sale of our stake to the group, based on terms agreed during our 2016 investment."

Persons: Alishia, Viktor Orban, Marton Nagy, Francis Malige, Malige, Orban, Gergely Szakacs, Louise Heavens Organizations: European Bank for Reconstruction, REUTERS, Erste Group, Reuters, Economic, Budapest Airport, Austrian, Erste, International Investments, Erste Bank, Thomson Locations: Canary Wharf, London, Britain, Hungary, Erste, BUDAPEST, Austrian, Hungarian, Erste Bank Hungary

☆ I'm a cruise-ship doctor. My schedule is intense but it's worth it to see the world — and I get to bring my wife and son along.
▼ + stars: | 2023-11-11 | by ( Kitti Palmai | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementThis as-told-to essay is based on a transcribed conversation with Dr. Gergely Tóth, a cruise-ship doctor. Having more medical experience under my belt, I emailed three cruise companies enquiring about how to become a cruise doctor. Cruises have full medical teams and facilitiesDepending on the size of the cruise, the medical team consists of five to nine people. A cruise doctor's schedule is intenseDoctors usually work for four months and have two months off. On large cruises, it means a daily 15 hours of work and nine hours of being on-call, then getting 24 hours off.

Persons: Gergely Tóth, Tóth, —, Gergely, who'd, I've, I'd, I'm, we're Organizations: Service, Nuffield Health Cheltenham Hospital, Royal Caribbean International, Cruises Locations: Hungary, England, British, London, Miami, San Francisco

[1/5] Hungarian Prime Minister Viktor Orban speaks as he arrives for an EU summit in Brussels, Belgium December 10, 2020. Hours after he spoke, thousands rallied in Hungary's capital Budapest, a liberal stronghold that has largely opposed Orban's agenda. Some voiced fears that Hungary might end up leaving the EU under his rule, a prospect Orban has repeatedly dismissed. Brussels is only a bad contemporary parody," Orban said in a speech in the western town of Veszprem carried exclusively by public television. "Moscow was beyond repair, but Brussels and the EU can still be fixed," Orban said, adding that current leaders of the bloc failed to protect Europe's safety, freedom and wellbeing.

Persons: Viktor Orban, John Thys, Orban, Hungary's, " Orban, Vladimir Putin, Gabor Sebo, Gergely Szakacs, Ed Osmond, Ros Russell Organizations: Pro, EU, U.S, Wood & Company, Thomson Locations: Hungarian, Brussels, Belgium, Budapest, BUDAPEST, Hungary, Hungary's, Moscow, Veszprem, U.S, China, Ukraine, Europe, Russia, EU

☆ Hungary to ban rallies supporting 'terrorist organisations' -PM Orban
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

Hungary's Prime Minister Viktor Orban attends the informal meeting of European heads of state or government, in Granada, Spain October 6, 2023. REUTERS/Juan Medina/File Photo Acquire Licensing RightsBUDAPEST, Oct 13 (Reuters) - Hungary will not allow any rallies supporting "terrorist organisations," Prime Minister Viktor Orban told public radio on Friday, adding that all Hungarian citizens should feel safe, regardless of their faith or origin. Hamas is designated a terrorist organisation by Israel, the United States, European Union, Canada, Egypt and Japan. "It is shocking that there are sympathy rallies supporting the terrorists across Europe," Orban said, referencing the European fallout from the Hamas attack on Israel. "But we will not allow sympathy rallies supporting terrorist organisations as that would entail a terror threat to Hungarian citizens."

Persons: Viktor Orban, Juan Medina, Orban, Nationalist Orban, Benjamin Netanyahu, Israel, Khaled Meshaal, " Orban, Gergely, Christina Fincher Organizations: Hungary's, REUTERS, Rights, Hamas, Israel, Hungarian Foreign Ministry, Facebook, Thomson Locations: Granada, Spain, Hungary, Israel, Gaza, United States, European Union, Canada, Egypt, Japan, Europe, Palestine, Budapest

☆ Israel ordered Chevron to shut down a major natural gas field, which could send prices spiking further just before winter
▼ + stars: | 2023-10-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Israel told Chevron to shut down a major natural gas field, and it's threatening to further spike prices of the fuel. The world's natural gas market has already been rocked by the war in Ukraine and threats of a strike in Australia. Some Israeli gas from Tamar is exported to Egypt, which processes the fuel into LNG that's exported to the EU. AdvertisementAdvertisementBrace for bad news ahead of winter: Natural gas prices could spike as energy giant Chevron halted operations at a major Israeli gas field following orders from authorities. Dutch TTF natural gas futures closed 12.5% higher at 49.455 a megawatt-hour on Tuesday.

Persons: Israel, —, Tamar, Israel isn't, Chevron, It's, Gergely Molnar Organizations: Chevron, EU, Service, Energy, Bloomberg, International Energy Agency, P Global Locations: Ukraine, Australia, Tamar, Egypt, Israel, Houston, Europe

☆ Hungary plans to sell 'non-strategic assets' to buy Budapest Airport
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

BUDAPEST, Oct 2 (Reuters) - Hungary plans to sell non-strategic assets to partially finance its acquisition of Budapest airport, Economic Development Minister Marton Nagy told reporters on the sidelines of a business conference on Monday. He did not say which assets the government might sell. Since Prime Minister Viktor Orban took power in 2010, his government has boosted Hungarian ownership in the energy, banking, telecoms and media sectors. The government submitted a new formal bid for a majority stake in Budapest Airport last month, with talks underway with several airport operators, one of them in Qatar, to join as a minority partner. Reporting by Gergely Szakacs Writing by Boldizsar Gyori; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Marton Nagy, Viktor Orban, Gergely, Boldizsar Gyori, Kirsten Donovan Organizations: Economic, Thomson Locations: BUDAPEST, Hungary, Budapest, Qatar

Pipes for the Nord Stream 2 gas pipeline in the Baltic Sea, which are not used, are seen in the harbour of Mukran, Germany, on September 30, 2022. Before Russia's invasion of Ukraine, the Nord Stream 1 pipeline had accounted for 15% of Europe's gas imports in 2021, according to the Oxford Institute for Energy Studies. A second Nord Stream 2 link was planned but never operated. "Our biggest risk was that Russia can manipulate our energy markets," EU Energy Commissioner Kadri Simson told Reuters. Across the EU, gas storage caverns are now 95% full, Gas Infrastructure Europe data show.

Persons: Pipes, Fabian Bimmer, Kadri Simson, SEB, Ole Hvalbye, Tom Marzec, Wood Mackenzie, Gergely Molnar, Jacob Mandel, Kate Abnett, Julia Payne, Nora Buli, Barbara Lewis Organizations: REUTERS, Oxford Institute for Energy Studies, Reuters Graphics, EU Energy, Reuters, EU, SEB Commodities, Gas Infrastructure, International Energy Agency, Aurora Energy Research, Thomson Locations: Baltic, Mukran, Germany, Russia, BRUSSELS, OSLO, Europe, Ukraine, RUSSIA, Norway, United States, Russian, Greece, Poland, Finland, Italy, Netherlands, France, Reuters Graphics Germany, Belgium, Britain, Portugal, Spain, Paris, Brussels, Oslo

☆ Why Amazon's $4 billion AI startup bet has 'predator moves' against Microsoft and Google written all over it
▼ + stars: | 2023-09-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Amazon plans to invest $4 billion in AI startup Anthropic, the firm announced Monday. The move gives Amazon a stake in a foundational AI company to compete with Microsoft and Google. Conor Grennan, dean of students and head of generative AI at NYU Stern, wrote in a LinkedIn post that "this Anthropic deal has predator moves against Microsoft and Google written all over it." Google invested $300M months ago & Anthrophic should have used GCP as their preferred cloud provider. Instead:"Anthropic selects AWS as its primary cloud provider."

Persons: Anthropic, Claude, —, OpenAI, Conor Grennan, Grennan, Gergely Orosz, GCP, NYU Stern's Grennan Organizations: Amazon, Microsoft, Google, Service, NYU Stern, Nvidia, Alexa, GCP, NYU, AWS Locations: Anthropic, OpenAI

[1/2] A general view of Polish shoe retailer CCC shop is pictured, amid the coronavirus disease (COVID-19), in Warsaw, Poland, September 8, 2020. "Let me tell you, there was a time when I couldn't even afford to buy salmon, for example. Buczek has benefited from the fact that PiS has raised her pension as part of hefty welfare spending moves which, opinion surveys show, are easing Poles' concerns over high inflation. The Polish minimum wage, already the highest in central Europe, will rise by nearly a fifth next year. With many houseowners on variable loan rates, Warsaw recently extended a scheme for mortgage repayment holidays into next year.

Persons: Kacper, Jadwiga Buczek, Buczek, PiS, Steffen Dyck, Adam Glapinski, Fitch, Federico Barriga Salazar, Andrzej Kuzniak, Moody's Dyck, Kacper Pempel, Jan Strupczewski, Gergely, Mark John, Sharon Singleton Organizations: REUTERS, Reuters, Justice, European Union, European Commission, National Bank of, Sovereign Risk, Moody's, International Monetary Fund, Civic Coalition, Thomson Locations: Warsaw, Poland, WARSAW, Poland's, Europe, NBP, Brussels

☆ Two People Killed in Explosion in Northern Hungary -Media
▼ + stars: | 2023-09-20 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

BUDAPEST (Reuters) - Two people, including a police officer, were killed and several others injured in an explosion during a police operation in the northern city of Esztergom, online media reported on Wednesday. Hungarian online media reported that the blast went off in a house on the outskirts of the city near the Slovak border as police responded to a threat. Local media said the explosion also killed the perpetrator, who was yet to be identified. In a Facebook post, Hungarian Prime Minister Viktor Orban expressed condolences to a police officer killed on duty without specifically referring to the incident reported in local media. His ruling Fidesz parliamentary group also said in a statement that a police officer was killed in an explosion in the northern city of Esztergom.

Persons: Viktor Orban, Gergely Szakacs, Marguerita Choy Organizations: Wednesday . Police Locations: BUDAPEST, Esztergom, Hungarian

Member of the rate-setting Monetary Council of the National Bank of Hungary Gyula Pleschinger speaks during an interview with Reuters in Budapest, Hungary, September 14, 2023. REUTERS/Krisztina Than Acquire Licensing RightsBUDAPEST, Sept 14 (Reuters) - Hungary's central bank could cut its base rate to 10-11% by the end of the year from 13%, a rate-setter told Reuters, warning however against big or unexpected moves amid the fallout from a larger-than-expected rate cut in Poland last week. Once that alignment takes place, the NBH will simplify its policy toolkit further, which could include making the interest rate corridor around its base rate symmetrical, he said. "From that point onwards, we will take all of our steps in a very serious, data-driven mode, looking at the market, tracking the market," Pleschinger said. Asked about the fallout from the National Bank of Poland's much-larger-than-expected 75 bps interest rate cut last week that saw regional currencies weaken, Pleschinger said Hungary's central bank should tread carefully.

Persons: National Bank of Hungary Gyula Pleschinger, Gyula Pleschinger, unwinding, Pleschinger, Disinflation, Gergely Szakacs, Hugh Lawson Organizations: National Bank of Hungary, Reuters, REUTERS, Rights, European, National Bank of, Thomson Locations: Budapest, Hungary, Poland, National Bank of Poland's

More than a year later, she was told her application required a key document that was stuck behind enemy lines in Ukraine. "There's always a trade-off between rapid and sustainable labour market integration," said Thomas Liebig, chief economist for the OECD's international migration department. Researchers from Minor, a migration policy think tank, said the large-scale inflow of refugees from Ukraine is seen as a great opportunity in Germany. While the refugees' fate is partly tied to the unknowable course of the Ukraine war, the EU's temporary protection scheme for Ukraine refugees is at present due to expire in March 2024. This puts employers who want to hire refugees in a difficult situation, as they don't know if Ukrainian refugees will be able to stay.

Persons: Maria, Lukas Barth, Svetlana Chuhil, Chuhil, Lauren, Thomas Liebig, Oksana Krotova, Krotova, Ildiko Pallman, Gizem Uensal, Enzo Weber, Jan Lopatka, Catherine Evans Organizations: REUTERS, Reuters Graphics Reuters, Deloitte, Reuters, OECD, United Nations, Minor, German Institute for Employment Research, Thomson Locations: Mykolaiv, Ukraine, Aschheim, Munich, Germany, BERLIN, WARSAW, Poland, Zgorzelec, Goerlitz, Paris, Europe's, Berlin, Kyiv, Prague

☆ Thousands join Budapest Pride in protest at state's anti-LGBT moves
▼ + stars: | 2023-07-15 | by ( Boldizsar Gyori | ) www.reuters.com time to read: +2 min

BUDAPEST, July 15 (Reuters) - Thousands of Hungarians braved scorching heat for the annual Pride march in Budapest on Saturday, protesting against government controls over public displays by the LGBT community. "I think the Budapest Pride is really liberating, we can be very proud of it, but I think we are still discriminated in the grey everyday life," designer Danyi Mark. [1/5]People attend the annual Pride march in Budapest, Hungary, July 15, 2023. On Friday, the embassies of the United States, Germany and 36 other countries urged Hungary to protect LGBT rights and scrap discriminatory laws. The government stance towards Hungary's LGBT community was seen as resonating with Orban's conservative voters in the countryside ahead of his fourth-term election win in 2022.

Persons: Viktor Orban's, Gergely Varga, Danyi Mark, Bernadett Szabo, Hungary's, David Pressman, Boldizsar Gyori, Andrew Cawthorne Organizations: European Union, REUTERS, Thomson Locations: BUDAPEST, Budapest, Hungary, United States, Germany

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