Hungary’s industrial production jumped in August by more than double the amount forecast by analysts, helped by strong growth in the high-value automotive and electronics manufacturing sectors, the statistics office said.
Hungary could adopt the euro as early as 2031 if the government set an ambitious goal of meeting the common currency criteria by 2029, according to central bank Deputy Governor Zoltan Kurali.
European Central Bank Governing Council member Olli Rehn said the Middle East energy shock hasn’t so far spread to other prices or wages, but those impacts can’t be ruled out.
French Finance Minister Roland Lescure said the country is far from needing the European Central Bank to step in even as it wrestles with soaring bond yields.
Bank of Japan Governor Kazuo Ueda gave little indication that he intends to challenge prevailing bets against a back-to-back interest rate increase this month, reiterating the bank’s standing policy views.
Hundreds of French high schools will shut Tuesday as teacher unions join a student-led protest movement demanding more money for education. The government warned that the unrest had turned into "urban violence" and blamed the far left for being behind the movement. Bloomberg's Julien Ponthus reports. (Source: Bloomberg)
Thailand’s young graduates face an increasingly difficult job market as artificial intelligence and automation raise demand for specialized skills that many entering the workforce lack.
Ireland’s government has an enviable budget surplus, and voters want those funds used to help them with soaring energy costs and a cost-of-living squeeze.
Thailand’s inflation accelerated for a second straight month in September, moving closer to the central bank’s upper limit as severe flooding adds to the risk of higher food prices.
The UK economy has outpaced its major European peers in the two years since Labour came to power. That’s not helping the 1.8 million people looking for work.
India’s central bank is poised to raise interest rates for the first time in nearly four years on Wednesday as rising inflation and a rupee near record lows force policymakers to shift gears.
The World Bank on Tuesday raised its growth forecast for India, saying strength in industry and services will help the economy weather a weaker monsoon and elevated energy prices.
Vice President JD Vance said an Alaska natural gas project with South Korea will move forward even as Seoul said its participation remains conditional on the venture being economically viable — prompting a threat of trade retaliation from President Donald Trump.
The Philippines is facing a slew of price risks after inflation surged past economists’ estimates in September, backing the case for the central bank to further raise its policy rate.
Bangkok is preparing for possible flooding as more than 15,000 delegates are due to arrive for the annual meetings of the International Monetary Fund and World Bank Group.
Australia’s consumer confidence declined further in October, driven by the Reserve Bank’s interest-rate increase and ongoing pressure from fuel prices, with households reporting growing unease over the jobs outlook.
New Zealand business confidence bounced in the third quarter, with more firms intending to hire workers and invest in coming months even as demand for their goods and services remains soft, a survey showed.
