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Colombia begins process to join BRICS bank
Colombian President Gustavo Petro announced on May 16 that his country has started the process of joining the New Development Bank of BRICS.
Anthony Albanese wins historic second term as Australian prime minister
Reuters
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.
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Ministers resign one by one as protests grow in Libya’s Government of National Unity
Ministers in Libya’s Government of National Unity (GNU) are resigning one by one amid mounting protests in Tripoli, Libya Press agency reports
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Supreme Court blocks Trump’s use of wartime law for deportations
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North Korean fishermen stuck in South as Pyongyang cuts contact
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Moody’s strips US of last top credit rating over debt concerns
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