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Australian PM concedes as Labor takes power

Australian Prime Minister Scott Morrison has admitted defeat following the country’s federal elections on Saturday, calling Labor Party chief Anthony Albanese to congratulate him on his victory. The PM conceded in a televised speech from Liberal headquarters in Sydney, adding that he would stand down as the party’s leader. “On …

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Lawmaker takes heat for ‘putting up with racism’ comment

A senator from Australia’s ruling coalition has been criticized two weeks before the May 21 federal election, after he thanked the Chinese-Australians for “putting up with racism.” Addressing participants at the Chinese Australian Forum on Friday, the Liberal Party senator for New South Wales Andrew Bragg admitted that, amid the …

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US takes heat from neighbor over Ukraine

Mexico’s President Andrés Manuel López Obrador has roasted the US for its reluctance to aid development in Central America, while swiftly finding billions of dollars to assist Ukraine in its conflict with Russia. “The US have already approved $30 billion for the war in Ukraine, while we have been waiting …

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Germany takes Italy to UN’s highest court

Germany is suing Italy in the top UN court in the latest round of long-standing dispute over Nazi compensation claims, the International Court of Justice (ICJ) revealed on Friday. In its application Germany claims that Rome has continued to allow Nazi war crime victims to file requests for compensation from …

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Chelsea takeover takes stunning late twist

One of the UK’s richest men, Jim Ratcliffe, has made a dramatic eleventh hour bid to buy Premier League club Chelsea in what is a sensational twist in the ongoing saga as several suitors attempt to position themselves to seal a deal to purchase the reigning European and world champions …

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World’s biggest sovereign wealth fund takes a hit

Norway announced on Thursday that the nation’s sovereign wealth fund, the world’s largest, lost $74 billion (- 4.9%) during the first quarter of the year due to the market turmoil caused by geopolitical tensions in Ukraine. According to the country’s central bank, which operates the $1.3 trillion fund, the world’s …

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Japan takes aim at Russia’s exports

Tokyo has unveiled a new package of sanctions against Russia in connection with Moscow’s military operation in Ukraine, Asahi news outlet reports. However, the latest restrictions exclude imports crucial for the Japanese economy, including seafood and energy. The expanded list includes a ban on the import of Russian beer and …

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S-400 takes down Ukrainian border attack chopper – Moscow

A Ukrainian military helicopter which conducted an attack a Russian village, on Thursday, was hit with an S-400 long-range missile as it was returning to base, the Russian Defense Ministry has claimed. The Soviet-designed Mil Mi-8 helicopter was taken down near the town of Gorodnya in Ukraine’s Chernigov Region, the ministry …

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Ukrainian envoy takes hit over statement on Russians

Ukraine’s envoy to Berlin, Andrij Melnyk, sparked criticism after calling all Russians “enemies” in an interview on Wednesday with a German newspaper, and doubling down on his words the same day. His comments triggered accusations that the statement is “nothing short of fascism.” “I will say it very clearly: Russia …

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