Hungarian

Hungary’s nationalist Prime Minister Viktor Orbán has acknowledged defeat in parliamentary elections, ceding power to conservative challenger Peter Magyar — a former government insider turned political newcomer who campaigned on a promise of “system change”. “The election results, though not yet final, are clear and understandable; for us, they are painful but unambiguous,” Mr Orbán said after overseeing the central European country for 16 years. “We have not been entrusted with the responsibility and opportunity to govern.…