Europe sanctioned crypto exchange HTX. Experts say the firm is deploying tactics that could blunt the impact. 
China Leapfrogs into Global Biotech 
Tension in One of Asia’s Flashpoints 
Hungary’s parliament approved a constitutional amendment on Monday that allows prime ministers to serve for a maximum of eight years, effectively barring former premier Viktor Orban from holding the role again.
Prime Minister Peter Magyar ousted Orban in an election in April after 16 years, gaining a two-thirds majority in parliament that allows his party to roll back or change legislation passed by Orban’s Fidesz, including the constitution.
The amendment was a key campaign promise of pro-EU conservative Magyar who, in April elections, ousted Orban from office and promised sweeping reforms as part of a “regime change”.
Advertisement
Magyar argued the possibility of limitless tenure can lead to power concentration, pointing to his predecessor as an example, whom critics accused of constantly tweaking Hungary’s political system to keep a tight grip on power.
Orban’s party opposed term limits, arguing that it could restrict popular will.
Advertisement
The amendment passed parliament with 135 votes for, 50 against, and six abstentions. Under Hungarian law, such a measure can be passed by a two-thirds supermajority without needing a referendum.
Don't Miss:
-
PLA stages South China Sea drills days after ‘illegal’ Philippine territorial bid
-
Japan quake evacuees with pets find refuge at Kumamoto animal hospital
-
India and China revive Himalayan trade at high-altitude pass
-
‘It will take time to change smoking culture,’ official says after 1,200 site checks
-
Taiwan’s political parties deadlocked over efforts to boost military drone capacity