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According to Zhovkva, Kyiv’s number one tool to end hostilities is through a second peace summit, which Ukraine is already preparing for. “We are saying that Ukraine will draft its peace plan, a roadmap for establishing peace in Ukraine. Orban also stated his desire to improve relations between Budapest and Kyiv, which have been strained by the Hungarian leader’s close relationship with Putin. Tuesday’s meeting comes as Orban and Hungary take control of the EU Council’s rotating presidency, which changes every six months. The agenda for that event is expected to be dominated by long-term plans to support Ukraine and conversations about its eventual accession to the alliance.
Persons: Viktor Orban, Volodymyr Zelensky, , Zelensky, Orban, Vladimir Putin, , ” Orban, Ihor Zhovkva, Orban “, ” Zelensky, Emmanuel Macron’s, Zhovkva, Putin, Donald Trump’s, Zoltan Fischer Organizations: CNN, Russian Federation, United, EU, White, NATO, Political Locations: Hungarian, Kyiv, Moscow, Ukraine, Hungary, Russian, Budapest, Russia, United Nations, Crimea, Tuesday’s, Washington , DC, Ukrainian, United Kingdom
The American right’s growing embrace of Orbán builds upon millions of dollars that his government has spent on lobbying in the US, and new connections between Hungarian and American conservative think tanks. “Make America great again, make Europe great again!” Orbán declared in English, before continuing in Hungarian: “Go Donald Trump! Conservatives from around the US, Europe and beyond traveled to Budapest for the two-day event, which was organized by a Hungarian government-funded think tank. Two American nonprofits that are actively planning policies for a second Trump term have shown an interest in Hungary and Orbán’s model. But some of the American conservatives who flew into the country for CPAC seemed more focused on the optics of Budapest than on democratic rights.
Persons: crackdowns, , Viktor Orbán, Orbán, Donald Trump’s, ” Orbán, Donald Trump !, ” Trump, , Trump, Steve Bannon, President Trump, Gladden Pappin, Szilard Koszticsak, White, ” Pappin, “ saviors, Bannon, Kari Lake, Mark Meadows, Andy Harris, Zoltan Mathe, Paul Gosar, Christopher Rufo, István, Ron DeSantis, Trumpists, Kim Lane Scheppele, Orbán’s, Zsuzsanna Szelényi, ” Szelényi, Márton Gulyás, influencers strode, Joey Mannarino, ” Kyung Lah, Anna, Maja Rappard, Casey Tolan, Curt Devine Organizations: Hungary CNN —, Republican, Conservative, Trump, European Union, Hungarian Institute of International Affairs, Conservative Political, “ Conservative, White House, , Republican Arizona, CNN, Department of Justice, Southern Poverty Law, Heritage Foundation, America, Policy Institute, Institute, Florida Gov, Princeton Locations: Budapest, Hungary, American, Europe, Lago, Dallas, America, Hungarian, Arizona, United States, Paul Gosar of Arizona, Florida, “ Hungary, marveled, New York, Washington
EU foreign policy chief Josep Borrell said in December he would propose similar measures. The EU has not spelled out what the sanctions would entail but officials have said they would include bans on travel to the EU. The EU has already imposed sanctions on Hamas following the Oct. 7 attacks and diplomats say more are in the pipeline. Hungarian Foreign Minister Peter Szijjarto said on Wednesday now was "definitely not the time" to sanction Israeli settlers, state news agency MTI reported. (Additonal reporting by Jan Lopatka in Prague and Boldizsar Gyori in Budapest; Editing by Nick Macfie)
Persons: Andrew Gray, John Irish, Josep Borrell, Israel, Peter Szijjarto, MTI, Jan Lipavsky, Jan Lopatka, Boldizsar, Nick Macfie Organizations: West Bank, West Bank ., EU Locations: John Irish BRUSSELS, PARIS, EU, Hungary, Czech Republic, Israel, Palestinian, Gaza, United States, Britain, Budapest, Czech, France, Prague
BUDAPEST (Reuters) - Hungarian opposition parties have demanded the resignation of the president over her decision to pardon a man convicted as an accomplice in helping cover up a case in a children's home whose director sexually abused children. She added that the reasoning behind her decision was not public and all pardons were divisive by their nature. The former director was sentenced to eight years in prison for sexually abusing several under-age boys in 2004-2016. "I am baffled by Katalin Novak's decision as a human being and as a mother," Momentum chair Anna Donath said in a statement on Wednesday, adding she believed the decision was "morally incomprehensible". Some of the opposition and civilians called a protest in front of Novak's presidential office for Friday.
Persons: Katalin, Pope Francis, Novak, Viktor Orban, paedophiles, MTI, Anna Donath, Orban's, Judit Varga, Krisztina, Alison Williams Organizations: Democratic Coalition, Socialists Locations: BUDAPEST
Economists polled by Reuters had expected GDP growth of 0.7%, the same as advance estimates by the government. On a quarter-on-quarter, seasonally-adjusted basis, GDP grew 1.4%, sharply higher than the 0.1% increase seen in the previous quarter. Following the results, MTI revised its Singapore GDP growth outlook for 2023 to "around 1%," from 0.5% to 1.5% forecast earlier. An ongoing recovery in air travel and tourism is likely to support Singapore's aviation- and tourism-related sectors such as air transport and accommodation. Resilient labor market conditions will also continue to support consumer-facing sectors including retail trade, and food and beverages.
Persons: MTI Organizations: Ministry of Trade, Industry, Reuters, Survey, Singapore Locations: Singapore, U.S
AdvertisementElon Musk wasn't the only celebrity in the control room at SpaceX's Starship flight on Saturday. A screengrab from SpaceX's livestream on X shows Starship lifting off for its second attempt at space. The kid sure looks a lot like Elon Musk's 3-year-old son, X Æ A-12. Kimbal Musk picks up a child as Elon Musk talks with people on SpaceX's livestream of the Starship launch on X. SpaceXX Æ A-12 is one of three children Elon Musk has with Grimes, whose legal name is Claire Boucher. Elon Musk with 3-year-old son X at Tesla plant Gigafactory Texas in Austin, Texas.
Persons: , Elon, Elon Musk, Kimbal, Kimbal Musk, Grimes, Claire Boucher, Musk, X, Gyula Bartos Organizations: Service, SpaceX, President's Press, AP Locations: Texas, California, Austin , Texas
Companies U.s. Commodity Futures Trading Commission FollowWASHINGTON, Sept 7 (Reuters) - A U.S. District Court judge has ordered a South African to pay over $1.7 billion in restitution to victims for operating a fraudulent commodity pool worth roughly that amount in bitcoin, the Commodity Futures Trading Commission announced Thursday. The order against Mirror Trading International Proprietary Limited (MTI) resolves an enforcement case the CFTC had filed against the company and its CEO, Cornelius Johannes Steynberg. In a June enforcement order, the CFTC claimed that MTI solicited bitcoin online from thousands of people to purportedly operate a commodity pool. In reality, only a small portion of the pooled bitcoin was ever invested, at a loss, and the rest was "misappropriated," according to the CFTC. The company ultimately filed for bankruptcy in 2021, shortly after which South African authorities launched a fraud investigation.
Persons: Cornelius Johannes Steynberg, MTI, Paul Grant, Caitlin Webber, Chizu Organizations: U.s . Commodity Futures, U.S, Futures Trading, Mirror, Proprietary, CFTC, Thomson Locations: African
Singapore downgrades GDP outlook, avoids recession
  + stars: | 2023-08-11 | by ( Chen Lin | ) www.reuters.com   time to read: +3 min
Goss domestic product (GDP) expanded a seasonally-adjusted 0.1% quarter-on-quarter in April to June, slower than 0.3% growth seen in the government's advance estimate. Manufacturing will remain weak, dampened by a protracted downturn in electronics, while finance and insurance sectors will likely be subdued, MTI said. The ministry narrowed its GDP growth forecast to 0.5% to 1.5% this year from 0.5% to 2.5% previously. Analysts are expecting no change to monetary policy at MAS's October meeting, despite cooling momentum. MAS left its policy settings unchanged in April, after tightening five times in a row since October 2021, reflecting concerns over the city-state's growth outlook.
Persons: Feline, Goss, MTI, Yong Yik Wei, Brian Tan, Chen Lin, Tom Westbrook, Kanupriya Kapoor, Jacqueline Wong Organizations: Port, REUTERS, MAS, Ministry of Trade and Industry, The Straits Times, Monetary Authority, Singapore's, Barclays, Thomson Locations: Port of Singapore, MTI, SINGAPORE, Singapore, Asia
Kharlan’s disqualification threw into sharp relief the political and organizational jeopardy that France and the International Olympic Committee (IOC) is facing ahead of the Games. So far, no decision has been taken on Russian and Belarusian athletes’ participation at the 2024 Paris Olympics. The opening ceremony is already uniquely French in nature with the Games set to be centered around the Seine, the river running through the city. Organizers also say that the Paris Games “finance themselves,” claiming that 96% of the budget comes from private investment. Next year’s Olympic Games are set to start on July 26 and run until August 11.
Persons: Olga Kharlan, Anna Smirnova, Kharlan’s, Thomas Bach, Russia’s, Smirnova, Russian Anna Smirnova, Ukraine's Olga Kharlan, Tibor Illyes, ” Bach, , ” Edwin Moses, Nawal El Moutawakel, CNN’s Amanda Davies, Jimmy Carter, , Moses, AP El, Emmanuel Macron, Geoffroy Van Der, Tony Estanguet, CNN’s Melissa Bell, “ It’s, Denis the, aren’t, Jimmy Gressier, Tullio M, Estanguet, Shelly, Ann Fraser, Pryce, ” Fraser, Fabrice Coffrini, Katie Ledecky, Ariarne Titmus, Summer McIntosh Organizations: CNN, International Olympic Committee, IOC, Belarusian Olympic, Olympic, US Olympic, USA, US State Department, United, AP, AP El Moutawakel, Games, Eastern Bloc, Getty, Paris, FIFA, Stade de France, UEFA, League, Stade de France –, de Police, BFMTV, RMC Sport, CNN Sport, Paris Games, Paralympic, Paralympic Games Locations: Paris, Ukrainian, France, Ukraine, Belarusian, Russia, Milan, Russian, Soviet, Afghanistan, Morocco, United States, Soviet Union, Los Angeles , California, , Geoffroy Van Der Hasselt, AFP, Saint, Puglia, Lausanne, Switzerland, Australia, Canada, Seine
WASHINGTON, June 14 (Reuters) - The top Republican on the U.S. Senate Foreign Relations Committee said on Wednesday he was blocking a $735 million arms sale to Hungary because its government has refused to approve Sweden's bid to join NATO. "Hungary should take the actions necessary to allow Sweden into the alliance, and soon," he said. Under U.S. law, major arms deals are reviewed by the top Democrats and Republicans on the Senate Foreign Relations Committee and the House of Representatives Foreign Affairs Committee. Sweden applied last year to join NATO as a result of Russia's invasion of Ukraine. Objections from Turkey and Hungary have delayed the bid and Sweden now hopes to join by a NATO summit in Lithuania next month.
Persons: Jim Risch, Jens Stoltenberg, Joe Biden, Patricia Zengerle, Gergely Szakacs, Jonathan Oatis Organizations: Republican, U.S . Senate Foreign Relations, NATO, U.S, Republicans, Senate Foreign Relations, Representatives Foreign, Committee, Washington Post, Hungarian Defense Ministry, White, Thomson Locations: Hungary, Sweden, Washington, U.S, Ukraine, Turkey, Lithuania, Budapest
BUDAPEST, June 11 (Reuters) - An 11-year-old child died after losing consciousness on board a Turkish Airlines flight en route to New York from Istanbul, with medical services unable to resuscitate the child after the plane made an emergency landing in Budapest, news agency MTI reported. MTI said the Airport Medical Service was scrambled to the scene after flight TK003 landed in Budapest on Sunday, but the child could not be saved despite prompt medical attention. Reporting by Gergely Szakacs; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
Persons: MTI, TK003, Gergely Szakacs, Alex Richardson Organizations: Turkish, Medical Service, Thomson Locations: BUDAPEST, New York, Istanbul, Budapest
BUDAPEST, April 20 (Reuters) - Hungary will continue to allow transit of Ukrainian grain, ensuring the departure of such shipments "in a controlled manner," its agriculture minister, Istvan Nagy, told state news agency MTI after talks in Brussels. This followed Poland and Hungary last weekend banning some imports from Ukraine. "It was worthwhile for Hungary to take firm action and protect the interests of Hungarian farmers," Nagy said, referring to the ban, adding the measures forced Brussels to take action. The countries became transit routes for Ukrainian grain that could not be exported through Ukraine's Black Sea ports because of Russia's invasion in February 2022. Bottlenecks then trapped millions of tons of grains in countries bordering Ukraine, forcing local farmers to compete with an influx of cheap Ukrainian imports which they said distorted prices and demand.
In a Facebook video during a meeting with Hungarian Foreign Minister Peter Szijjarto, Wang said the world was afflicted by disorder and wars. Despite being a member of both NATO and the European Union, Hungary has maintained closer ties to Moscow than other members of those groups. Orban, who has worked to build closer business ties with China, hosted Wang at a private dinner on Sunday, news agency MTI reported. Wang reaffirmed Beijing's commitment to closer economic ties, including via China's vast Belt and Road Initiative. ($1 = 0.9368 euro)Reporting by Gergely Szakacs and Alan Charlish; Editing by Andrew Cawthorne and Frank Jack DanielOur Standards: The Thomson Reuters Trust Principles.
Singapore downgrades fourth-quarter GDP, keeps 2023 forecast
  + stars: | 2023-02-13 | by ( ) www.cnbc.com   time to read: +1 min
A cyclist rides before the city skyline at Marina Bay in Singapore. Singapore's economy grew slightly less than initially estimated in the fourth quarter from a year ago, official data showed on Monday, and the government kept its forecast for annual growth to come in at 0.5% - 2.5% this year. "Singapore's external demand outlook for 2023 has improved slightly. Gross domestic product (GDP) grew 2.1% year-on-year in the fourth quarter, the Ministry of Trade and Industry (MTI) said, slightly lower than the 2.2% growth in the government's advance estimate due to slightly weaker construction and service sector growth. For the full year, GDP grew 3.6% versus an initial 3.8% estimate.
Singapore downgrades Q4 GDP, keeps 2023 forecast
  + stars: | 2023-02-13 | by ( Chen Lin | ) www.reuters.com   time to read: +3 min
Analysts said that some services industries will fare better this year amid China's reopening, while manufacturing, especially electronics, is likely to weigh on growth in the short-term. The current central bank monetary policy stance remains appropriate, said Edward Robinson, Deputy Managing Director at the Monetary Authority of Singapore said. "Looks like the window remains open for a tightening if core inflation remains very sticky on the downside," she added. Since April last year, Singapore had lifted most of its COVID-19 restrictions with many international events returning to the city-state, attracting tourists and businesses. Reporting by Chen Lin in Singapore; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.
HOUSTON, Feb 10 (Reuters) - U.S. oil major Chevron Corp (CVX.N) on Friday said it had agreed to sell its assets in Myanmar to Canadian company MTI, in a deal that allows it to leave the Asian country. The agreement comes one year after Chevron and other oil companies decided to leave Myanmar following a military coup in 2021. French oil producer TotalEnergies sold its assets and left the country in July 2022. Myanmar' state-controlled oil company MOGE was part of the joint venture. Before putting its Yadana stake for sale, Chevron temporarily increased its participation in the project from 28% to 41%, absorbing an interest TotalEnergies.
The gathering of the 27 national EU leaders was called after Austria and the Netherlands led a growing choir of complaints about increasing arrivals. In a call ahead of the summit with his Polish, Belgian, Finnish, Maltese and Bulgarian counterparts, Orban called for EU financing for such projects, saying that "fences protect all of Europe", according to his press chief quoted by state news agency MTI. In a joint letter ahead of the summit, the leaders of Malta, Denmark, Greece, Lithuania, Latvia, Estonia, Austria and Slovakia said the EU's "current asylum system is broken." "Irregular migration has once again become one of the most pressing issues in the EU," they said. "Without renewed and successful efforts ... irregular migration to Europe can only be expected to continue and increase in the coming years."
REUTERS/Marton MonusBUDAPEST, Dec 3 (Reuters) - Thousands of teachers, students and parents protested in the Hungarian capital on Saturday in solidarity with teachers fired from top Budapest secondary schools for taking strike action that the government deemed unlawful. After a nationwide teachers' strike in January 2022, the government of Prime Minister Viktor Orban restricted strike action. Several teachers from three leading Budapest secondary schools were dismissed by an order from the Interior Ministry on Wednesday for joining demonstrations and not holding classes. Students held up banners "Hands off our teachers," and "Shame on Orban" at the rally in Budapest while some students organised a week-long 24-hour vigil at the Interior Ministry, which has responsibility for education. The government has said it would raise teachers' wages once the European Commission disburses EU recovery funding, with pay hikes coming over a period of 3 years.
SINGAPORE, Nov 23 (Reuters) - Singapore on Wednesday forecast its economic growth would slow to between 0.5% and 2.5% in 2023 from about 3.5% this year amid global economic pressures that would hit demand for the city-state's outward-oriented industries like trade and finance. The ministry said gross domestic product (GDP) grew 4.1% year-on-year in the third quarter, below the 4.4% growth seen in the government's advance estimate. He said in 2023, GDP growth in most major global economies was expected to moderate further. Growth in the trade, finance and insurance sectors is expected to be hit by a slowdown in other major economies, Lim said of Singapore's 2023 outlook. Reporting by Chen Lin in Singapore; Editing by Jamie Freed and Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.
Marton Nagy, a former central bank deputy governor, told state news agency MTI that the step was aimed at investors who took advantage of high central bank rates by investing their money in central bank deposits through commercial banks. These investors made use of high central bank rate and "they realized a risk-free interest rate of up to 18% that was, in the end, paid by the state," Nagy said. The central bank did not immediately respond to questions from Reuters on the new regulation. There will be a segment of the economy where high interest rates will not apply as some market participants will not be able to access them," Peter Virovacz, senior economist at ING said. The government has already introduced regulation on interest rates on certain loans.
Companies MOL Magyar Olajes Gazipari Nyrt FollowBUDAPEST, Nov 21 (Reuters) - Hungarian energy company MOL (MOLB.BU) found a 'substantial' oil field in Hungary that could raise the country's oil production by 5%, the company told state news agency MTI on Monday. The company said it found the oil field close to Budapest in the town of Vecses in an area where it started exploratory drilling in July. Reporting by Anita Komuves, editing by Alan CharlishOur Standards: The Thomson Reuters Trust Principles.
Companies MOL Magyar Olajes Gazipari Nyrt FollowBUDAPEST, Nov 18 (Reuters) - Hungarian oil and gas group MOL (MOLB.BU) said it was temporarily curbing fuel deliveries to some retailers as oil supplies from Russia fell "substantially" below normal levels, the company told state news agency MTI on Friday. Hungarian Foreign Minister Peter Szijjarto said on Wednesday that oil shipments via the pipeline have restarted. But MOL told MTI on Friday that Hungary's oil imports have fallen as deliveries via the pipeline resumed only at a low pressure. MOL also said maintenance at its main Danube refinery in Hungary caused a drop in capacity, affecting all of its products. MOL spokespeople did not immediately respond to questions about when normal oil flows could resume.
BUDAPEST/PRAGUE, Nov 15 (Reuters) - Oil supply to parts of Eastern and Central Europe via a section of the Druzhba pipeline has been temporarily suspended, according to oil pipeline operators in Hungary and Slovakia. The Druzhba pipeline network originates in Russia and splits in Belarus into Ukraine, where it splits again, supplying several countries in Eastern and Central Europe that depend on that oil, including refineries in landlocked Hungary, Slovakia and the Czech Republic. Czech pipeline operator MERO has not observed disruptions so far in the flow of oil through the Druzhba line, a spokeswoman said on Tuesday. Polish pipeline operator PERN said late on Tuesday that oil is flowing normally via the Polish section of the line. The Druzhba pipeline network originates in Russia and extends into Eastern and Central Europe.
Hungary PM Orban convenes defence council meeting
  + stars: | 2022-11-15 | by ( ) www.reuters.com   time to read: 1 min
BUDAPEST, Nov 15 (Reuters) - Hungarian Prime Minister Viktor Orban has convened a meeting of the defence council on Tuesday after crude shipments on the Druzhba pipeline were suspended and there was an explosion in a village in eastern Poland near the border with Ukraine. Hungary's defence minister had consulted with NATO Secretary General Jens Stoltenberg over the phone before the meeting, Orban's press chief told state news agency MTI. Reporting by Krisztina Than; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Premierul ungar Viktor Orban a promis joi că eforturile instituţiilor UE şi ale unor politicieni europeni de a-l determina să renunţe la legea care interzice promovarea homosexualităţii în şcoli vor fi zadarnice, potrivit agenţiilor Reuters şi MTI. ''Parlamentul European şi Comisia Europeană vor ca noi să lăsăm activiştii şi organizaţiile LGBTQ în şcoli şi grădiniţe. Dar Ungaria nu doreşte acest lucru'', a scris Viktor Orban într-un mesaj pe Facebook, în ziua în care în această ţară intră în vigoare legea care interzice folosirea în şcoli a materialelor care promovează homosexualitatea şi schimbarea de gen, precum şi a conţinuturilor pornografice. Aceasta este o chestiune de suveranitate naţională, iar ''birocraţii de la Bruxelles nu au nicio treabă aici, orice ar face nu vom lăsa activiştii LGBTQ printre copiii noştri'', a promis premierul ungar. Într-o acţiune de protest împotriva acestei legi, ONG-urile Amnesty International şi Hatter Society au ridicat joi un imens balon în formă de inimă în culorile curcubeului deasupra clădirii parlamentului de la Budapesta.Preşedinta Comisiei Europene Ursula von der Leyen a ameninţat miercuri Ungaria cu lansarea unei proceduri de infringement, în cazul în care Budapesta nu revine asupra unei legi prin care este acuzată de discriminarea lesbienelor, gay-ilor, bisexualilor şi transsexualilor (LGBT), care intră în vigoare joi.
Persons: Viktor Orban, Reuters, Ursula von der Organizations: Comisia Europeană, Facebook, Amnesty International Locations: UE, Ungaria, Bruxelles, Budapesta
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