Bloomberg U.K. Chancellor of the Exchequer George Osborne’s statement that his new budget “puts the next generation first” isn’t enough to protect subsequent generations from the consequences of climate change, critics said. Just three months after the U.K. joined 195 other countries in a climate deal in a bid to restrain rising global temperatures by curbing emissions, Osborne’s budget cut ...

Bloomberg Hungary expanded its arsenal of state subsidies for home purchases to help revive the construction sector, triggering criticism that the plan offers inadequate protection and arbitrary criteria for savers. Members of the new building societies, known as NOK, will be eligible for subsidies of up to 300,000 forint ($1,090) a year if they pledge contributions for 10 to 15 ...

Bloomberg Norway’s central bank cut its benchmark interest rate to a record low and signaled it’s prepared to ease policy further to ward off a recession in western Europe’s biggest crude oil producer. The overnight deposit rate was lowered by 25 basis points to 0.50 percent, the Oslo-based central bank said on Thursday. The decision was predicted by 18 of ...