AnewZ Morning Brief - May 4th, 2025

Start your day informed with AnewZ Morning Brief: here are the top news stories for March 4th , covering the latest developments you need to know.

1. Australia PM Anthony Albanese wins second three-year term

Labor Party leader becomes the first Australian prime minister to win a second consecutive three-year term in two decades.

Anthony Albanese has become the first Australian prime minister to win a second consecutive three-year term in two decades, in a dramatic comeback for his Labor Party in a general election dominated by the cost-of-living crisis.

2. Singapore's ruling party retains power with decisive election win

Singapore's ruling People's Action Party (PAP) extended its unbroken six-decade rule, clinching a 14th successive election victory, final results showed Sunday, according to media reports.

The PAP, which has ruled since before Singapore's 1965 independence, secured 87 of 97 parliamentary seats up for grabs, while the main opposition Workers' Party (WP) won 10 seats, according to The Strait Times.

The ruling party secured 65.57% of the vote, a commanding swing from a 61.24% share in the last general election.

3. Serbian President Vucic cuts US visit short due to health issue

Serbian President Aleksandar Vucic abruptly ended his visit to the US and returned to Belgrade after falling ill in the US state of Florida, Serbian officials said Saturday.

His delegation said Vucic began feeling unwell after meeting US congresswoman Claudia Tenney, former Illinois Gov. Rod Blagojevich and Serbian entrepreneurs in the US.

Vucic informed Finance Minister Sinisa Mali and presidential media advisor Suzana Vasiljevic that he was not feeling well and left for Serbia on the first available flight.

4. Zelenskyy dismisses Putin's 3-day truce offer as theatrics

Ukrainian President Volodymyr Zelenskyy has slammed  the three-day truce declared by Russia's President Vladimir Putin from May 8-10 as a "theatrical performance."

Zelenskyy also said Ukraine "cannot bear responsibility for what happens" to foreign leaders attending the World War II commemoration ceremony in Moscow on May 9 and that guaranteeing the security of foreign dignitaries in Russia is up to the Kremlin. 

5. Buffett to step down as Berkshire CEO after 60 years at helm, passes baton to Abel

Warren Buffett is ending his career as perhaps the world's most famous and revered investor, saying he will step down as chief executive of Berkshire Hathaway (BRKa.N), opens new tab at the end of 2025, and hand over the reins to Vice Chairman Greg Abel.

The move caps an era for Berkshire after Buffett's extraordinary 60 years at the helm, which made him a household name, a multi-billionaire and an American success story.

"I think the time has arrived where Greg should become the chief executive officer of the company at year end," Buffett, 94, said on Saturday as he wrapped up Berkshire's annual meeting in Omaha, adding he would still "hang around and conceivably be useful in a few cases" but that the "final word" would be Abel's.

6. Binance partners with Kyrgyzstan to boost crypto development

Binance and the Kyrgyz National Agency for Investments have signed a strategic MoU to accelerate the country's digital-asset sector.

The partnership will bring crypto payments to Kyrgyzstan through Binance Pay and support educational initiatives relying on Binance Academy’s expertise.

The collaboration marks a major step toward building a sustainable, innovation-friendly crypto ecosystem in Central Asia.

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