Bloomberg The steady friendship between Hungary and Poland, who for years gave each other cover as they defied the European Union over the rule of law, has frozen over since Russia’s invasion of Ukraine. The rift risks weakening Hungarian Prime Minister Viktor Orban, the champion of “illiberal democracy” who has waged a bitter fight with EU leaders over a bloc-wide ...

  Bloomberg Sri Lanka’s new Prime Minister Ranil Wickremesinghe said he will show his majority in parliament next week but the task for President Gotabaya Rajapaksa’s appointee to form a government is looking fraught with the opposition and others saying they won’t take any cabinet roles. The main opposition Samagi Jana Balawegaya party has said it won’t join a so-called ...

  Bloomberg India’s central bank will raise its inflation forecast in the June monetary policy meeting amid elevated commodity prices, possibly setting the stage for more interest rate increases by August, a person familiar with the matter said. There is also a growing chance that inflation will breach the upper end of the Reserve Bank of India’s (RBI) targeted 2%-6% ...