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Last updated: 21 May, 2022  

Australia.9.Thmb.jpg Australian PM concedes defeat in federal elections

Australia.9.jpg
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» FM Sitharaman embarks on Bhutan visit to deepen economic, developmental cooperation
» Trump, Xi agree on one-year rare earth supply deal amid easing trade tensions
» Adding more women in STEM sectors imperative for Viksit Bharat vision
» US Fed rate cut clear signal for RBI to follow suit in next MPC: Experts
» Indian stock markets open lower as US Fed announces rate cut
IANS | 21 May, 2022
Australian Prime Minister Scott Morrison has conceded defeat in the country's federal elections held on Saturday.

He said in a speech that he has spoken to opposition leader Anthony Albanese and congratulated him on his victory, Xinhua news agency reported.

The Australian Broadcasting Corporation on Saturday projected that Labor will form government for the first time since 2013, with Albanese set to become the country's 31st Prime Minister.

The results mark an end to the coalition's nearly nine-year hold on power and Morrison's tenure as Prime Minister.
 
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