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One third of EU countries see double-digit inflation

Estonia, Lithuania and Bulgaria have the fastest consumer price growth in the bloc Consumer price growth has hit double digits in at least a third of EU countries, with the most severe spike seen in the Baltic region, the Financial Times reported this week.

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Australian PM concedes as Labor takes power

Australian Prime Minister Scott Morrison has admitted defeat following the country’s federal elections on Saturday, calling Labor Party chief Anthony Albanese to congratulate him on his victory. The PM conceded in a televised speech from Liberal headquarters in Sydney, adding that he would stand down as the party’s leader.

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Hungarian PM likens anti-Russia sanctions to nuclear bomb

Viktor Orban has warned that punitive measures against Moscow could backfire, causing food poverty and mass migration Hungarian Prime Minister Viktor Orban has challenged the harsh EU sanctions being placed on Russia, comparing the measures to a nuclear bomb that could backfire, sparking a food crisis and mass migration in Europe itself.

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