logo
Hungary's Orban says EU plan to ban Russian energy imports must be prevented

Hungary's Orban says EU plan to ban Russian energy imports must be prevented

Reuters23-05-2025

BUDAPEST, May 23 (Reuters) - The European Union's plan to ban Russian energy imports must be prevented, Hungarian Prime Minister Viktor Orban said on Friday in an interview on state radio.
The European Commission will next month propose legal measures to phase out the EU's imports of all Russian gas and liquefied natural gas by the end of 2027, the body said earlier in May. Member states Slovakia and Hungary, which rely on Russian oil and gas supplies, have opposed the proposed ban.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Some Tesla owners sue Elon Musk's company for damaging their reputation
Some Tesla owners sue Elon Musk's company for damaging their reputation

The Independent

time16 minutes ago

  • The Independent

Some Tesla owners sue Elon Musk's company for damaging their reputation

A group of Tesla owners in France is suing Elon Musk 's car company, alleging its vehicles have become "far-right totems" that are harming their reputation, according to the law firm representing the group. The group is seeking to terminate their lease contracts and recover legal costs at the Paris Commercial Court, citing the "direct and concrete" harm caused by Musk's public behaviour after he rallied in support of Donald Trump 's presidential bid and Germany's far-right AfD party. The lawsuit comes amid plummeting Tesla sales in key European markets, including France, Britain, Germany, and Italy, partly in protest of Musk's political activities and as customers favour Chinese electric vehicles due to their competitive prices. "Tesla vehicles have become powerful political symbols and are now perceived as true far-right 'totems,' much to the dismay of those who purchased them solely as innovative and eco-friendly vehicles", the plaintiffs' lawyers Patrick Klugman and Ivan Terel, at law firm GKA said. Tesla Europe did not immediately respond to an emailed request for comment. GKA said about 10 Tesla leaseholders had joined the lawsuit. Musk helped bankroll Trump's presidential campaign and spearheaded Trump's efforts to cut federal jobs and slash what the administration perceived as wasteful public spending. Musk's involvement in the so-called Department of Government Efficiency (DOGE) saw him become a political lightning rod, fueling protests and vandalism at Tesla showrooms in the United States and Europe. The GKA statement referred to a hand gesture by the billionaire during Trump's inauguration celebrations that drew online comparisons to a Nazi salute as an example of his harmful behaviour. Musk dismissed the criticism of the gesture as a "tired" attack. Musk said on Wednesday he regretted some of the remarks he made on the social media platform X, which he owns, during an acrimonious and very public falling out with Trump last week. 'I regret some of my posts about President Donald Trump last week. They went too far,' the world's richest man wrote. On the same day that Musk appeared to extend an olive branch, Trump said in a pre-recorded podcast interview that reconciliation between the pair was possible. 'Look, I have no hard feelings,' Trump said in the interview recorded on Monday. 'I was really surprised that that happened. He went after a bill that's phenomenal. …He just — I think he feels very badly that he said that, actually.'

Mortgage rates falling but Ireland still among EU countries with highest borrowing costs
Mortgage rates falling but Ireland still among EU countries with highest borrowing costs

BreakingNews.ie

time17 minutes ago

  • BreakingNews.ie

Mortgage rates falling but Ireland still among EU countries with highest borrowing costs

Irish mortgage rates continued to ease in April, though Ireland still has the fifth-highest rates in the euro zone. The average mortgage rate fell to 3.72 per cent in April from 3.77 per cent in March, according to new figures from the Central Bank. Advertisement This is the third month in a row that rates have fallen, bringing them to their lowest level in two years. The euro zone average rate increased marginally to 3.34 per cent. However rates varied hugely across the currency bloc, from as low as 1.69 per cent in Malta to as high as 4.40 per cent in Latvia. Data from the Central Bank also showed that the average interest rate on household deposits with a fixed maturity fell from 2.26 per cent to 1.95 per cent, as recent ECB rate cuts put pressure on savings and deposit rates. Daragh Cassidy, from price comparison site said mortgage rates will continue to drop lower over the coming months. Advertisement "The lowest rate in the market is currently just under 3 per cent, which is with Avant Money's new tracker-like variable product which is benchmarked against the Euribor. And AIB and PTSB both offer fixed rates as low as 3 per cent — albeit with caveats. Ireland First-time buyers lead the way for mortgage approv... Read More "So rates below the Eurozone average are available to first-time buyers, movers and switchers in Ireland who are prepared to shop around." Trevor Grant, chairperson of Irish Mortgage Advisors, said borrowers should take advantage of the heightened competition in the market. "Now is a really good time to consider shopping around to get better terms on your mortgage and potentially save thousands of euro," he said. "Market-based advice from a mortgage broker is essential in order to understand all of your options as whilst your own bank may offer you the best terms available for you, they are not obliged to tell you about better terms which exist elsewhere."

Novo signs $812 million weight-loss drug license deal with US biotech Deep Apple
Novo signs $812 million weight-loss drug license deal with US biotech Deep Apple

Reuters

time29 minutes ago

  • Reuters

Novo signs $812 million weight-loss drug license deal with US biotech Deep Apple

June 11 (Reuters) - Denmark's Novo Nordisk ( opens new tab is partnering with biotech company Deep Apple Therapeutics in a deal worth up to $812 million to develop drugs for cardiometabolic diseases, including obesity, the California-based company said on Wednesday. Deep Apple discovers drug candidates using its AI-based platform that screens virtual libraries of billions of compounds to cut drug discovery time, the company said. Under the deal, Novo will receive exclusive global rights to develop and commercialize so-called non-incretin oral therapies, which belong to a different class of medicines than its popular weight-loss and diabetes drugs Wegovy and Ozempic. Novo has been trying to strengthen its foothold in the potential $150 billion weight-loss drug market through the development of next-generation treatments as well as acquisitions and partnerships. In March, the company signed two licensing deals and gained access to experimental obesity drugs from Lexicon Pharmaceuticals (LXRX.O), opens new tab and China-based United Laboratories International ( opens new tab. Novo in May ousted CEO Lars Fruergaard Jorgensen over concerns the Danish company - a world leader in the lucrative weight-loss drug market - was losing its first-mover advantage. The company's shares have plunged since hitting a record high in June last year as competition, particularly from U.S. rival Eli Lilly (LLY.N), opens new tab, eats into its market share, while Novo's pipeline of new drugs has failed to impress investors. As part of the license agreement with Novo, Deep Apple will be eligible to receive up to $812 million in payments, as well as potential royalties on sales of any products that emerge from their collaboration.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store