Anthony Albanese Re-elected As Australian PM in Landslide Victory
Australian Prime Minister Anthony Albanese led the Labor Party to a landslide victory, defying expectations and securing a second consecutive term in office. This win, seen as a rejection of the conservative Liberal-National Coalition led by Peter Dutton, came amid voter concerns over healthcare, housing affordability, and a global wave of anti-incumbency. Albanese's triumph marked the first back-to-back win for any Australian PM in over two decades.
Labor first came to power under Anthony Albanese in 2022, winning against the Coalition.
His first term saw challenges including economic downturns, the failed Voice referendum, and strained public approval.
Nirmala Sitharaman Attends ADB's Annual Meeting in Italy
Finance Minister Nirmala Sitharaman is leading the Indian delegation of officials from the Department of Economic Affairs under Ministry of Finance, at the 58th Annual Meeting of the Board of Governors of Asian Development Bank (ADB), taking place in Milan, Italy, from May 4 to 7.
Official delegations of the ADB Board of Governors, ADB members, and international financial institutions are attending the meeting.
Singapore's Ruling People's Action Party (PAP) Wins Election
Singapore's ruling People's Action Party (PAP) won by a landslide in an election dominated by concerns over the cost of living and the country's future economic stability.
Led by Prime Minister Lawrence Wong in his first election since he became party leader last year (2024), the PAP clinched 65.6% of the vote and an overwhelming majority of the 97 seats in parliament.
The main opposition, the centre-left Workers' Party (WP), failed to capture more seats but continued to hold on to its 10 seats in parliament.
Warren Buffett to Step Down as Berkshire CEO after 60 Years at Helm
Warren Buffett is ending his career as perhaps the world's most famous and revered investor, saying he will step down as Chief Executive Officer of Berkshire Hathaway 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.
India's First Gold-Melting ATM Unveiled by Goldsikka
In a move set to transform the landscape of gold transactions in India, Hyderabad-based Goldsikka unveiled an AI-powered Gold-Melting ATM. This innovative machine enables users to buy, sell, exchange, lease, digitise, and monetise gold, all through an automated process. Integrated with Augmented Reality (AR), the ATM also allows users to virtually try on jewellery before purchasing, offering a futuristic and user-friendly gold transaction experience.
The AI-powered Gold-Melting ATM is located in Hyderabad, Telangana.
Swimmer Katie Ledecky Breaks 800m Freestyle World Record
American swimmer Katie Ledecky shattered her own 800m freestyle world record.
She clocked 8 minutes 4.12 seconds at the Tyr Pro Series meet in Fort Lauderdale, Florida to better her previous mark of 8:04.79 which she set at the 2016 Rio Olympics.
Oscar Piastri Wins Miami Grand Prix
Oscar Piastri made it a hat-trick of wins with victory in the Miami Grand Prix as McLaren enjoyed a one-two on the podium to continue their dominant Formula One season.
Australian Piastri finished 4.6 seconds ahead of British team-mate Lando Norris with George Russell of Mercedes finishing third but 37.6 seconds behind.
Riyan Parag Hits 6 Sixes in a Row
Rajasthan Royals captain Riyan Parag entered record books by hitting six consecutive sixes against Kolkata Knight Riders at the Eden Gardens in the 2025 Indian Premier League.
Parag took it upon himself to single-handedly and brought the Royals back into the competition, hitting Moeen Ali for six back-to-back sixes in the 13th over of the game.
Jharkhand finished collecting data on the population of Other Backward Classes (OBCs) from all districts of the state, in order to determine quotas for OBCs in urban local bodies.
The data collection is a part of the first step of the "triple test", a three-step guideline laid down by the Supreme Court to ensure OBC quotas in local bodies are determined in a fair and constitutional manner.
India, Angola Agree to Deepen Energy and Strategic Ties
The President of Angola, João Lourenço, concluded a state visit to India in May 2025. The visit resulted in the signing of crucial Memorandums of Understanding (MoUs) in Ayurveda, agriculture, and culture, along with India's approval of a USD 200 million Line of Credit (LOC) for defence procurement by Angola. Marking a milestone in global climate cooperation, Angola also joined the International Solar Alliance (ISA) as its 123rd member.
India Recalls IMF Executive Director K. V. Subramanian Ahead of Tenure End
In a sudden diplomatic development, the Indian government recalled K. V. Subramanian, its Executive Director at the International Monetary Fund (IMF), six months before the completion of his tenure. This move has triggered speculation about tensions within the IMF and India's stance on multilateral data standards.
K. V. Subramanian was appointed as India's Executive Director at the IMF on November 1, 2022, for a three-year term.
He previously served as the Chief Economic Adviser (CEA) to the Indian government from 2018 to 2021.
BSF to Get 16 New Battalions, 2 Field HQs for Pakistan, Bangladesh Borders
The Border Security Force is all set to get the government's final nod to raise 16 more battalions, comprising around 17,000 troopers, and set up two forward headquarters for its western and eastern commands guarding the Pakistan and Bangladesh frontiers, respectively. The plan has already received an in-principle approval.
DRDO Successfully Conducts Maiden Trial of Stratospheric Airship Platform
The Defence Research and Development Organisation (DRDO) conducted the maiden flight-trial of its Stratospheric Airship Platform at the Sheopur trial site in Madhya Pradesh.
The airship, developed by the Aerial Delivery Research and Development Establishment (ADRDE), Agra, ascended to an altitude of approximately 17 km, carrying an instrumental payload. The flight, which lasted for about 62 minutes, marks a significant step in the development of high-altitude, lighter-than-air platforms.
On May 5 countries around the globe observe World Portuguese Language Day, an occasion to honour the linguistic and cultural heritage of over 265 million Portuguese speakers. Established by the Community of Portuguese-speaking Countries (CPLP) in 2009 and later officially recognised by UNESCO in 2019.
IIM Bangalore Launches Programme for Senior Professionals, Application Underway
IIM Bangalore launched a programme for senior professionals in Global Capability Centres (GCCs). Classes in the new programme titled 'Leadership Programme to Build Resilient GCCs' will start on July 24.
Designed for professionals with 15+ years of experience and currently in leadership positions in GCCs, the programme will be held for 10 days and be spread across four months. The programme is aimed at helping leaders navigate an increasingly complex business environment and drive long-term value creation.
WAVES 2025: A People's Movement that Empowers Every Creator to be a Star
The premier edition of World Audio Visual and Entertainment Summit (WAVES 2025) concluded on a high note in Mumbai, registering an overwhelming response from exhibitors, industry leaders, start-ups, policymakers, academia, and the general public. The summit emerged as a key convergence point for the media and entertainment ecosystem, drawing participation from every segment of the industry — from celebrated artists and influential content creators to tech innovators and corporate leaders.
The celebration of creativity, technology, and storytelling began with the inauguration of its maiden edition by Prime Minister Narendra Modi in a star-studded event held in Jio World Convention Centre.
The Bharat Pavilion, an immersive viewing zone that took visitors through the continuum of India's storytelling traditions at WAVES 2025, received an overwhelming reception and response from the public. The Pavilion, under the theme "From Kala to Code", offered a compelling narrative of India's evolution in media and entertainment—from oral and visual traditions to cutting-edge digital innovations.
Lakkundi Group of Monuments Proposed for UNESCO Tentative List
In a significant development for India's cultural heritage, the ancient group of temples and monuments in Lakkundi and surrounding areas in Karnataka, built during the Kalyana Chalukya period (10th–12th century CE), are being finalised for inclusion in UNESCO's tentative list of World Heritage Sites. The State government has partnered with INTACH to prepare and refine the proposal, aiming to secure international recognition for these architectural marvels.
The Karnataka government, with assistance from the Indian National Trust for Art and Cultural Heritage (INTACH), is in the final stages of submitting a proposal to list the Lakkundi group of monuments and associated temples from the Western Chalukyan period on UNESCO's tentative list of World Heritage Sites. The monuments fulfil key UNESCO criteria for architectural and cultural significance.
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