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
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.