Today’s ESG Updates China Targets Record Renewable Energy IPO: China Resources New Energy is seeking to raise $3.6 billion through what could become Shenzhen’s largest-ever IPO, with proceeds earmarked for new wind and solar projects. EU Agrees Carbon Market Safeguards: The European Union has approved stronger price controls for its upcoming carbon market to help…
BUDAPEST, May 15 (Reuters) – The media empire built by former Hungarian Prime Minister Viktor Orban’s government, a key pillar of the nationalist leader’s 16 years in power, is swiftly unravelling following an election last month that abruptly ended his rule. Within weeks of the vote, which the centre-right opposition led by Peter Magyar won…
WARSAW, May 11 (Reuters) – Poland will seek answers about how a former minister wanted on abuse of power charges managed to travel from Hungary to the United States, a foreign ministry spokesperson said on Monday, after Warsaw’s hopes of bringing him to trial were thwarted. Former Polish Justice Minister Zbigniew Ziobro and his deputy…
PRAGUE, May 5 (Reuters) – Thousands of Czechs filled Prague’s Old Town Square on Tuesday to show their support for public media and protest planned government changes to funding of the state broadcasters that critics have warned will threaten their independence. The ruling coalition plans to begin phasing out a licence fee paid by users…
BUDAPEST, April 28 (Reuters) – Hungary’s outgoing prime minister, Viktor Orban, offered his resignation as leader of his right-wing Fidesz party on Tuesday but a party congress in June will decide whether to accept, a Fidesz lawmaker told local media. The centre-right Tisza party, led by Peter Magyar, defeated veteran nationalist Orban at an election…
The world’s largest car carrier, BYD ”Shenzhen”, loads over 7,000 BYD new energy commercial vehicles at Haitong Terminal in Taicang Port Area, Suzhou Port, and sets sail for Brazil in Taicang City, Jiangsu Province, China, on April 27, 2025. Nurphoto | Nurphoto | Getty Images Electric car giant BYD has become the first Chinese business…
BRUSSELS, April 27 (Reuters) – Top EU officials and Hungary’s incoming government will discuss on Wednesday the changes Budapest needs to push through to release 17 billion euros in EU funds that have been blocked due to rule-of-law concerns under the outgoing government. Some of the frozen funds, such as 11 billion euros ($13 billion)…
BUDAPEST, April 22 (Reuters) – U.S. investors in Hungary are hoping for a return to predictable policymaking after years of abrupt law changes and ad hoc measures, following centre-right opposition leader Peter Magyar’s landslide victory over Prime Minister Viktor Orban. The American Chamber of Commerce is one of Hungary’s largest groups of foreign investors with…
BUDAPEST, April 18 (Reuters) – Hungarian election winner Peter Magyar’s Tisza party has increased its parliamentary supermajority to 141 seats out of 199 after the processing of postal, foreign mission, and transferred votes, the election office said on Saturday. Centre-right Tisza (Respect and Freedom) won a landslide victory in Sunday’s election, ending the 16-year rule…
BUDAPEST, April 17 (Reuters) – Hungary’s incoming prime minister Peter Magyar said on Friday he was about to start initial talks with EU officials in Budapest as there was no time to waste in his efforts to unblock funds frozen by the bloc over disputes with his predecessor. Magyar, whose landslide victory in an April…