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☆ EU executive approves 900 mln euros in funds for Hungary
▼ + stars: | 2023-11-23 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +3 min

EU support is crucial to Ukraine, which has been struggling to push back a full-scale Russian invasion since February 2022. EU officials said Hungary's amended recovery plan is worth a total of 10.4 billion euros over several years - or about 5% of Hungary's 2023 GDP - including 4.6 billion euros under RePowerEU: 0.7 billion euros in grants and 3.9 billion in loans. EU officials said Hungary would use the RePowerEU money to modernise its electricity sector through smart metres and digitalisation of energy companies. EU officials expected two payments of around 460 million euros each to follow next year. EU officials told Reuters last month that the bloc was considering unlocking aid for Hungary to win Budapest's support for Ukraine.

Persons: Laszlo Balogh, Viktor Orban, Orban, Gabriela Baczynska, Toby Chopra Organizations: Hungarian, European Union, National Bank of Hungary, REUTERS, Ukraine EU, European Commission, Ukraine, Kyiv, Fidesz, Reuters, Thomson Locations: Budapest, Hungary, Ukraine, BRUSSELS, Brussels, Russia, EU, Moscow

☆ The billionaire's calendar
▼ + stars: | 2023-11-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

What the rest of us consider small talk at work, Gen Zers have rebranded as "corporate flirting." In today's big story, we're unpacking all the far-flung places and high-end events billionaires visit and attend throughout the year. But by early 2024, there will likely be more Gen Zers working full-time than baby boomers. It commemorates when the "Guinness World Records" book became the best-selling book of all time in 2004. It commemorates when the "Guinness World Records" book became the best-selling book of all time in 2004.

Persons: —, Gen Zers, we're, it's, Madeline Berg, Madeline, there's, Laszlo Balogh, Tom Cooper, I'm, Hayley Cuccinello, Hayley, Marianne Ayala, Lelanie Foster, Ruzwana Bashir, Peek —, Bashir —, Tesla, Matt Harrison Clough, Miami —, Karol G, Edgar Barrera, Shakira, Starr Douglas, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Monaco, Sun, Getty, Business, Guinness, Records, Walmart Locations: Davos, London, America, Houston, Miami, Seville, Spain, Macy's, New York City, San Diego, New York

☆ British Grand Prix: Max Verstappen and Red Bull strive for perfection as F1 team chases unbeaten season
▼ + stars: | 2023-07-07 | by ( Amanda Davies | Thomas Schlachter | ) edition.cnn.com time to read: +5 min

I love, of course, driving to the limit, but I love winning,” Verstappen tells CNN Sport’s Amanda Davies ahead of the British Grand Prix at Silverstone. Robert Szaniszlo/NurPhoto/Getty ImagesRed Bull team principal Christian Horner is also hungry for more wins despite the team’s unrelenting start to the season. “It’s not something probably I will look back to when I’m 60 or 70.”Red Bull will be hoping to go unbeaten through the 2023 F1 season. His father, Jos Verstappen, was a successful racing driver in his own right and became the first ever Dutchman to secure an F1 podium finish. The F1 driver sees a big future for the virtual racing esport.

Persons: Max Verstappen, ” Verstappen, Amanda Davies, “, Red Bull, Sebastian Vettel, Verstappen, Sergio Pérez, Robert Szaniszlo, Christian Horner, “ It’s, ” Horner, Horner, ”, ‘, Bull, Michael Potts, Jos Verstappen, What’s, Laszlo Balogh Organizations: CNN, Prix, Silverstone, Verstappen, Vettel, Red Bull, CNN Sport, Formula, BSR Agency, Getty, Grands Prix Locations: British

☆ Inside TikTok's push to win over the global sports community, from setting up concerts for the NHL to sponsoring a women's rugby championship
▼ + stars: | 2022-11-01 | by ( Colin Salao | Dan Whateley | ) www.businessinsider.com time to read: +10 min

The company has leaned in, setting up sponsorship deals with teams and leagues. Tune into a professional rugby match in one of Europe's Six Nations leagues and it's impossible to miss TikTok's branding plastered all over the field. Twelve of the top 25 fastest growing brands on TikTok between March 2021 and March 2022 were sports teams or leagues. The company has even tested streaming live games that are shot vertically to match TikTok's video format. Enya Breen of Ireland kicks a late try conversion during a TikTok Women's Six Nations match on April 30, 2022.

A view of the entrance to the National Bank of Hungary building in Budapest,Hungary February 9, 2016. Central European policymakers are seeking to end a cycle of interest rate hikes running since last year even as inflationary pressures remain and the world's major central banks keep pursuing higher rates. "It is likely the end of the rate hike cycle," Peter Virovacz, an analyst at ING in Budapest said. "The question is whether this is a halt – or a just a pause in rate hikes, leaving the door open to potential further tightening." Economists polled by Reuters last week forecast the base rate rising to 14% by the end of this year.

☆ Hungary central bank could end rate rise cycle after September -deputy governor Virag
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +2 min

A view of the entrance to the National Bank of Hungary building in Budapest,Hungary February 9, 2016. REUTERS/Laszlo BaloghSZEGED, Hungary, Sept 22 (Reuters) - Hungary's central bank could consider ending its more than one-year-long cycle of interest rate rises after next Tuesday's meeting when rates will increase again, Deputy Governor Barnabas Virag told reporters on Thursday. Central Europe's rate setters were the quickest last year to begin raising rates and accelerated the pace this year as inflation surged, but some are starting to slow, or possibly end, tightening cycles. The National Bank of Hungary (NBH) raised its base rate by 100 basis points to 11.75% last month, but Virag has since raised the prospect of a halt to the bank's rate rise cycle, which totals more than 1,100 basis points since June 2021. Register now for FREE unlimited access to Reuters.com Register"We need to assess ending (the cycle) each month," Virag told reporters on the sidelines of an economics conference.

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