Budapest must ratify Sweden’s NATO application “very quickly,” an official has said, according to the news outlet Germany is pressing the Hungarian government to ratify Sweden’s bid for NATO membership, with a senior official telling Politico that approval is “a matter of loyalty to the alliance.” Hungary’s ruling party boycotted a ratification vote on Monday.

The Russian president says loose fiscal policy is the real cause of inflation, not the conflict in Ukraine Russian President Vladimir Putin has accused Western nations of damaging their own economies through money printing while wrongly blaming their problems on the Ukraine conflict.

The country’s economy will take a major hit in the fourth quarter of the year, according to its central bank Israel’s central bank revised down its economic growth forecast on Monday amid risks arising from the escalation of the Gaza conflict.