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Hungary loses EU clash over NGO dispute

Bloomberg Hungarian PM Viktor Orban lost a court fight with the European Union over controversial curbs on foreign-funded non-governmental organisations and groups linked to financier George Soros. The Hungarian law imposed “discriminatory and unjustified restrictions on foreign donations to civil society organisations,” the EU Court of Justice in Luxembourg said in a final ruling on Thursday. The case follows a ...

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Japanese former minister arrested for vote-buying

Bloomberg Japanese prosecutors arrested a former justice minister and his lawmaker wife on vote-buying allegations on Thursday, in a fresh blow for troubled Prime Minister Shinzo Abe. Katsuyuki Kawai resigned from the cabinet in October, less than two months after being appointed, following allegations in a magazine that he was linked to illicit payments made to local politicians and potential ...

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Bank of England prepares its next act in saving UK economy

Bloomberg The Bank of England (BOE) is widely expected to boost its support for the UK economy again amid signs that recovering from the pandemic-induced recession will be harder than hoped. Economists predict the central bank will expand its bond-buying program by 100 billion pounds ($125 billion), taking it to 745 billion pounds, and investors are watching keenly for any ...

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