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Cold shower for Hungary's famed hot baths
Cold shower for Hungary's famed hot baths
Business and Economy
by  AFP

Hungary's grand thermal baths are struggling to stay afloat, buffeted by rocketing energy bills. Hungary's thermal bath culture was first developed 2,000 years ago by the Romans and continued under the Ottomans in the 16th century. mg-bg/anb/pmu/jza/fg

After Fed, Europe's central banks to decide on rates
After Fed, Europe's central banks to decide on rates
Business and Economy
by  AFP

A clutch of European central banks announce interest-rate decisions Thursday as markets remain jittery over turmoil in the global banking sector. In between the decisions by the SNB and BoE, the Norwegian central bank is predicted to raise its interest rate by a quarter-point to 3.0 percent.

Brazil's Lula irks foreign oil companies with new tax
Brazil's Lula irks foreign oil companies with new tax
Business and Economy
by  AFP

Brazilian President Luiz Inacio Lula da Silva has not even been in power for 100 days but has already provoked the wrath of foreign oil companies with the creation of a new tax on crude exports. It has attracted scorn not just from foreign oil companies, with newspaper O Globo calling it "a very bad idea" in a recent editorial.