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The National Bank of Hungary (MNB) has made recommendations in an executive letter to OTP Bank on "precautionary measures" in connection with its Russian business, the lender said in an announcement posted on the website of the Budapest Stock Exchange. ....
Cyclone Remal, after making landfall in West Bengal and Bangladesh, continues to move northwards with gradual weakening expected today. The storm has caused significant damage to infrastructure, power outages, and disruptions in transportation. Extensive precautionary measures, including mass evacuations and setting up shelters, were taken. Both countries experienced severe flooding and damage, particularly in the Sunderbans delta. Authorities are working to clear debris and restore services as the cyclone weakens. ....
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