BUDAPEST/LONDON (Reuters) - Donald Trump's victory may be a political boon for Hungarian leader Viktor Orban but on the economy, Trump is bad news for Hungary - adding to inflationary risks due to a weak forint and lower output due to possible tariffs on Europe's auto sector.

Treasury minister Darren Jones has said the UK government's commitment to Ukraine is "resolute" amid fears incoming US President Donald Trump could push the country into giving up territory to Russia.

Hungarian Prime Minister Viktor Orbán predicted Friday that President-elect Trump will halt aid to Ukraine in its fight against Russia once he enters the White House next year. Orbán, who this week hosted a two-day summit of the European Union’s 27 leaders in Budapest,

EU foreign policy chief Josep Borrell sought to reassure Ukraine of Europe’s unwavering support on Saturday, days after Donald Trump’s election win cast uncertainty over its war effort.