Turkey to guarantee Russian gas flow to Hungary, Orban says

Oil futures have experienced a decline for the second consecutive session, driven by ongoing negotiations aimed at resolving the Russia-Ukraine conflict. The market's focus on these diplomatic efforts has raised concerns about the potential impact on oil supply-demand dynamics, which are already expected to loosen in the coming year.

Oil futures have declined for the second consecutive session as the market remains focused on the ongoing efforts to negotiate a peace deal between Russia and Ukraine. This situation has raised concerns about the potential impact on oil supply-demand dynamics, which are expected to loosen in the coming year.

UniCredit Group has sold the assets of its leasing company in Russia as part of its strategy to wind down operations in the country. This move aligns with the broader trend of Western financial institutions reducing their presence in Russia amid ongoing geopolitical tensions.

Russia is undergoing a significant transformation in its tourism strategy, shifting its focus towards China and other markets as part of a broader geopolitical reorientation. This initiative aims to enhance Moscow's appeal as a tourist destination, moving beyond mere profit motives.

Hungary's inflation rate has slowed to 3.8% in November, indicating a potential easing of price pressures in the economy. This decline follows a period of elevated inflation, suggesting that monetary policies may be having a desired effect on stabilizing prices.

Russia's recent hybrid warfare tactics have raised concerns among European officials, who suspect a strategic escalation rather than mere opportunistic sabotage. This shift in tactics is seen as a direct challenge to European security and stability, particularly in light of ongoing geopolitical tensions.

The Kremlin has stated that India will continue to purchase Russian oil as long as it remains profitable, highlighting the ongoing economic ties between the two nations despite geopolitical tensions. This announcement comes amid a backdrop of fluctuating oil prices and potential sanctions affecting Russian energy exports.

Hungary's budget deficit has widened to $1.23 billion as of November, reflecting ongoing fiscal challenges within the country. This increase in deficit raises concerns about the government's financial management and its implications for economic stability.