Veteran Prime Minister Viktor Orbán's 16 years of rule came to an end with the center-right Opposition Tisza party securing a landslide victory in Hungary's parliamentary election on Sunday. 62-year-old Orban conceded defeat, and congratulated Péter Magyar, leader of the Tisza party. Anti-European Union, pro-Russian Orban was also a close ally of U.S. President Donald Trump, who endorsed the n
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.