The EU is taking legal action over Hungary for failing to abolish retail tax regime
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Newsquawk Daily US Opening News - 29th April 2026
German Chancellor Merz says that his personal relationship with US President Trump continues to remain "good"
The EU is taking legal action over Hungary for failing to abolish retail tax regime
Bank of China (3988 HK) Q1 2026 (CNY): Net 56.6bln, +4.2% Y/Y
India is in discussions with Iran around the exit of vessels from Hormuz
On the Newsquawk feed at , 20 minutes before this page.
Context
The EU's legal action against Hungary highlights escalating tensions over fiscal policies, specifically regarding Hungary's retail tax regime. This move could signal broader regulatory scrutiny across the region and may have implications for Hungary's economic stability and relations with other EU member states, potentially affecting market sentiment and investor confidence in the region.
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