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Anthony Albanese has secured a second consecutive three-year term as Australia’s prime minister, becoming the first leader to do so in 21 years, in a victory hailed as historic for the center-left Labor Party.
Opposition leader Peter Dutton conceded defeat following Saturday’s tightly contested general election, acknowledging his party’s shortcomings:
“We didn’t do well enough during this campaign, that much is obvious tonight, and I accept full responsibility for that,” he said.
“Earlier on, I called the prime minister to congratulate him on his success tonight. It’s an historic occasion for the Labor Party and we recognise that.”
According to projections from the Australian Electoral Commission, Labor secured 70 seats, while the conservative opposition coalition won just 24 in the 150-seat House of Representatives. Thirteen seats are expected to go to independents and minor parties.
Renowned election analyst Antony Green, speaking on the Australian Broadcasting Corporation, predicted Labor would ultimately secure 76 seats — enough to form a majority government — while the coalition would take only 36.
Campaign Themes:
Key campaign issues included the rising cost of living, inflation, and energy policy. While both major parties support a 2050 net-zero emissions target, their approaches differ sharply.
Dutton’s Liberal Party promoted nuclear power as a solution to high energy costs and blamed government spending for rising inflation. It also proposed eliminating over 20% of public service jobs.
Labor countered that plan, accusing the opposition of mimicking U.S. President Donald Trump’s governance style. The party labeled Dutton “DOGE-y Dutton” — a jab at his proposed Department of Government Efficiency, which critics say would lead to deep service cuts.
“We’ve seen the attempt to run American-style politics here of division and pitting Australians against each other, and I think that’s not the Australian way,” said Albanese.
Foreign Policy and Trade:
Albanese also highlighted the restoration of relations with China during his first term. Since Labor came to power in 2022, Beijing has removed several trade barriers that previously cost Australian exporters AU$20 billion ($13 billion) annually.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
Formula 1 driver Pierre Gasly’s Monaco Grand Prix podium has been reinstated after Alpine successfully challenged his post-race penalties through a Right of Review request with the FIA.
A London court has handed down lengthy sentences to activists from campaign group Palestine Action, who raided an Israeli-owned arms company in the UK.
Sierra Leone’s First Lady, Fatima Jabbe-Bio, has lost her London social housing flat after a UK council seized it.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
Ukraine will increase military wages and expand recruitment of foreign volunteers, President Volodymyr Zelenskyy announced on Friday, as the armed forces face a critical personnel shortage after more than four years of war with Russia.
Poland will receive a new $4 billion loan from the United States through the Foreign Military Financing (FMF) programme, strengthening defence ties between the two NATO allies as Warsaw continues a major military modernisation drive.
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