Draw

• Foreign investors' net equity holdings in India have plummeted to their lowest levels since 2016. • This decline is driven by global capital shifting toward AI, semiconductors, and tech-led growth in markets such as Taiwan and South Korea. • The trend is further exacerbated by slowing corporate earnings and macroeconomic pressures linked to oil prices, leading to muted Foreign Portfolio Investment (FPI) flows.

• President Lee Jae-myung addressed the prosecution on the 2nd, urging officials to apologize and withdraw when mistakes are made rather than operating under a delusion of infallibility. • Lee advocated for the introduction of mail and electronic voting to expand the voting rights of overseas Koreans, describing it as a basic citizen's right rather than a service. • He emphasized that while minority opinions should be respected, the National Assembly must not avoid the issue and should proceed based on majority opinion if agreements cannot be reached.

• Manchester City defender Ruben Dias has publicly addressed and denied speculation regarding a breakup with Maya Jama. • Dias stated that while he typically remains silent on personal rumors, he felt compelled to "draw a line" and correct the public record. • The situation highlights the intense media scrutiny faced by high-profile athletes and public figures regarding their private relationships.

• The BWF Super 750 Singapore Badminton Open 2026 is scheduled to begin on May 26. • Top Indian athletes, including PV Sindhu, Lakshya Sen, HS Prannoy, and the duo Satwik-Chirag, will compete in the tournament. • This event is significant as these players aim to secure their first titles of the current season.

• Global investors returned to equity funds during the week ending May 27, driven by a rally in AI-linked stocks that revived market sentiment. • Regional performance was mixed, with U.S. equity funds attracting a net $1.97 billion and European funds gaining $678 million, while Asian funds saw net outflows of $3.92 billion. • Despite the AI-driven demand, overall buying remained constrained due to investor caution surrounding U.S.-Iran peace negotiations.

London authority’s new Tory-led administration delivers significant blow to Labour’s flagship housebuilding schemeEnfield council in north London has withdrawn from the government’s new towns programme, in a significant blow to Labour’s flagship housebuilding scheme.The move by the new minority Conservative-led administration could present one of the first tests of Rachel Reeves’s planning changes, designed to curb the use of judicial reviews against new infrastructure. Continue reading...

• The Hungarian Parliament voted 133-37 to repeal a previous decision to withdraw from the International Criminal Court (ICC), reversing a move initiated by former Prime Minister Viktor Orban. • The withdrawal had been announced by Orban as a gesture of support for Israeli PM Benjamin Netanyahu, who faces an ICC arrest warrant, with Orban claiming the court had become "political." • The reversal was driven by a bill introduced by the new Prime Minister, Peter Magyar, signaling a shift in Hungary's international legal alignment.

Markwayne Mullin, DHS secretary, said move would come in response to protests outside ICE facility in New JerseyThe Trump administration has threatened to stop processing international flights in major cities around the country as a reaction to protests against immigration enforcement.Markwayne Mullin, the homeland security secretary, said on Tuesday that the administration is “drawing up plans” to take the action, in response to days of clashes at an Immigration and Customs Enforcement (ICE) detention center in New Jersey. Continue reading...

• Governments and enterprises in Southeast Asia, Africa, and Latin America are increasingly adopting low-cost Chinese AI servers over US-dominated alternatives. • This shift is driven by severe budget constraints and a strategic desire to avoid over-dependence on a single global superpower. • The trend signifies a major reshaping of the global AI infrastructure map, challenging the market dominance of US tech ecosystems in emerging economies.

• The United States is deploying 5,000 troops to Poland as it simultaneously reduces its military presence in Germany. • The move follows the suspension of a planned training exercise, which had previously caused alarm among Polish officials and sparked anger in the U.S. Congress. • The deployment occurs amid domestic political tension in Poland, where President Nawrocki, elected in June 2025, aligns with the Trump administration and clashes with pro-EU Prime Minister Donald Tusk.

In state department cable, Jerusalem embassy told to issue protest to Palestinian Authority leaders, warning ‘consequences will follow’ if they failed to complyThe US has ordered its Jerusalem embassy to pressure the Palestinian leadership into dropping a bid for a UN general assembly vice-presidency, anxious that the role could allow Palestinians to chair high-profile debates on the Middle East.A 19 May state department cable seen by the Guardian instructed the US embassy in Jerusalem to issue a démarche (a formal protest) to the leaders of the Palestinian Authority (PA) pressuring them to withdraw the bid by 22 May, warning that “consequences will follow” if they failed to comply. Continue reading...

People came to Montgomery by bus, car and plane to march on the state capitol with local and national leaders Thousands of people from across the country descended on Montgomery, the capital of Alabama, on Saturday. They arrived by bus, by car and by plane to gather for the All Roads Lead to the South rally, following the supreme court’s Louisiana v Callais decision last month, which essentially gutted the Voting Rights Act and severely limited protections against voting discrimination.Organized by a coalition of national and local civic engagement groups, the rally took place outside the Alabama state capitol building, in the same plaza where the 1965 Selma to Montgomery voting rights marches – three nonviolent demonstrations in support of Black voting rights – are enshrined. Continue reading...

New map reshapes representative Steve Cohen’s majority-Black Memphis district and gives Republicans an advantageDemocratic representative Steve Cohen of Tennessee on Friday announced that he is ending his bid for re-election, his career upended by the redistricting battles that are sweeping the country after last month’s supreme court decision.Republicans in Tennessee this month enacted a new US House map that carves up Cohen’s majority-Black district, reshaping it to the GOP’s advantage as part of Donald Trump’s strategy to hold on to a slim majority in the November midterm elections. Continue reading...

• President Trump is in Beijing for a high-stakes summit with Chinese leaders, and reaction across Asia has ranged from cautious optimism to concern about regional stability. • The NPR report notes that governments and observers are watching how the talks could affect trade, security, and diplomatic alignment in the region, especially amid tensions involving China and the United States. • The summit matters because decisions made in Beijing can ripple through Asian markets, alliances, and policy planning, particularly for countries balancing ties with both Washington and Beijing.

Louisiana, Alabama, Tennessee and more are pushing to eliminate Democratic districts after supreme court rulingUS southern states are rushing to redraw congressional maps to eliminate Democratic districts and dilute the influence of Black voters in electing candidates, a bare-knuckled blitz occurring even in some states where voting in congressional primaries has begun, and prompted by the US supreme court’s decision gutting section 2 of the Voting Rights Act.Tennessee Republicans have already enacted a new map, carving up the majority Black city of Memphis into three different congressional districts to get rid of the state’s lone Democrat in Congress. Louisiana, the state at the center of the supreme court’s Voting Rights Act decision, is on the brink of implementing a new map that would eliminate the seat of one of the state’s two Black Democrats in Congress. Alabama has successfully petitioned the US supreme court to allow it to eliminate a district currently represented by a Black Democrat. Instead, it will use a map this cycle that a court previously ruled was intentionally drawn to discriminate against Black voters. Continue reading...

Jim Chalmers’ budget tips the scales in favour of younger and less well-off households – but it’s middle-class gen X that are turning to the rightwing partyExplore all of our 2026 Australia federal budget coverageLabor’s fifth budget will do what it says on the tin: it will benefit the young and the poor at the expense of the older and the rich.This is the most obvious takeaway from distributional analysis conducted by Ben Phillips, an associate professor at the ANU’s Centre for Social Policy Research. Continue reading...

Brian Kemp’s move makes Georgia latest southern state to initiate map-making after dismantling of Voting Rights ActThe Republican governor of Georgia called a special session for next month to redraw electoral maps, the latest southern state to initiate a new map-making after the US supreme court’s dismantling of the Voting Rights Act.Brian Kemp announced the special session, which will start on 17 June, on Wednesday. It will focus on “enacting, revising, repealing, or amending” district lines for the state legislature and congressional district, in light of the supreme court’s decision in Louisiana v Callais. Continue reading...

However, Tate Reeves said he expects to redraw state’s four congressional districts before the 2027 electionsOn Wednesday morning, Mississippi’s governor, Tate Reeves, said that he is canceling a special legislative session that was scheduled to redraw the state’s supreme court districts next week. However, Reeves, a Republican, noted that he does expect the state to redraw its four congressional districts at some point in the near future.Reeves, in an appearance on SuperTalk radio, a conservative talk radio network, also said that it would be difficult for the state to redraw the congressional districts in the Republicans favor in time for the upcoming midterm elections, slated for November. Doing so might also hurt Republicans in congressional races. Continue reading...

If current precarious ceasefire between US and Iran ends, Emirates are more likely to be targeted by TehranMiddle East crisis: live updatesThe risk of some Gulf states becoming embroiled in a direct war with Iran has risen after it was reported the United Arab Emirates had secretly launched a major attack on Iran during the conflict.In addition, Kuwait has said that at least four members of the Islamic Revolutionary Guard Corps had been captured trying to carry out “terrorist attacks” on the Kuwaiti-owned Bubiyan Island, the largest island in the Kuwaiti coastal chain. Continue reading...

Horses seized and several people questioned after animal rights activist shares video of race along country roadsA video showing an illegal horse race in Sicily, with spectators firing pistols into the air and brandishing Kalashnikov rifles, went viral and prompted a police investigation that led to the seizure of the animals.The clip, reportedly filmed last Friday, shows two jockeys driving horse-drawn carts at breakneck speed along country roads in the town of Palagonia, near Catania, in eastern Sicily. Behind them, dozens of people follow on scooters, firing shots into the air. The footage was posted on social media by an animal rights activist, Enrico Rizzi. Continue reading...

• The CommBank Socceroos learned their group stage opponents for the AFC Asian Cup Saudi Arabia 2027™ during this morning's official draw at the At-Turaif venue. • Australia will compete in a group featuring Tajikistan, Iraq, and Singapore, setting up challenging matches in the tournament hosted by Saudi Arabia. • This draw positions the Socceroos in a competitive pool, with implications for advancement to knockout stages based on group performance.

Legislature has eliminated the state’s one Democratic, Black-majority congressional districtSign up for the Breaking News US email Good morning, and welcome to our live coverage of US politics. Tennessee’s Republican-dominated legislature passed redistricting maps on Thursday, eliminating the state’s one Democratic, Black-majority congressional district as GOP lawmakers scramble to improve their fortunes ahead of the November midterms.The new map splits Shelby County, the home of Memphis, a majority-Black city that played a critical role in the civil rights movement, into three separate Republican-leaning districts. Continue reading...

Move comes days after supreme court ruling weakened Voting Rights Act protections against racial gerrymanderingUS politics live – latest updatesTennessee’s Republican-dominated legislature passed redistricting maps on Thursday, eliminating the state’s one Democratic, Black-majority congressional district a week after the US supreme court effectively gutted a major section of the Voting Rights Act.The move cracks Tennessee’s ninth congressional district, which covers Memphis, into three pieces, each of which contains almost exactly a third of the city’s Black voters. The new maps mean that all nine of Tennessee’s congressional districts are Republican-leaning. Continue reading...

French president pitches in for Nikol Pashinyan, who faces stiff challenge from pro-Russia parties in vote next monthEmmanuel Macron has made an unabashed pre-election pitch on behalf of Armenia’s prime minister, Nikol Pashinyan, saying the country’s destiny lay with Europe.The French president also accused Russia of abandoning Armenia after the 2020 Nagorno-Karabakh war that led to Azerbaijan displacing tens of thousands of Armenians. Continue reading...

Ketanji Brown Jackson blasted the decision, saying the court has hastened it ruling only twice before in 25 yearsThe US supreme court went out of its way on Monday to help Louisiana Republicans redraw their congressional maps before this year’s midterm elections by allowing a recent ruling that gutted a key part of the Voting Rights Act to take effect ahead of schedule.The procedural move comes less than a week after the court’s landmark decision striking down Louisiana’s congressional map and gutting section 2 of the Voting Rights Act. Usually, the court waits 32 days to formally issue its judgment to the lower court. Last week, Louisiana asked the court to speed up that process, citing the urgency with which it needed to redraw its congressional maps. On Monday, the court agreed to do so. Continue reading...

• President Trump stated the US will pull 'a lot further than 5,000' troops from Germany, confirming Pentagon plans for an initial 5,000 withdrawal. • Key Republicans expressed worry over the move, while Germany views it as a spur for European defense spending increases. • The announcement heightens transatlantic tensions amid NATO concerns, with Polish PM Tusk warning of alliance 'disintegration'.

• Key Indian stocks including Kotak Mahindra Bank (trading at 383.30, up 0.35%), DMart, Vodafone Idea, Nestle India, and Coal India featured prominently in market news on May 4, 2026. • Nifty Financial Services index rose 1.12% to 25,944.50, gaining 287 points, amid sector rotation post-election outcomes. • Other highlights include HUL, Bajaj Finance, and Adani stocks, with trading guides recommending buys like Gujarat Fluorochemicals and Kalyani Steels for up to 8% gains.

US announced withdrawal of 5,000 soldiers last week after German chancellor said US was being ‘humiliated’ by IranDonald Trump has threatened to withdraw more US troops from Germany after stunning European leaders and some senior members of his own party by last week announcing the withdrawal of 5,000 soldiers from Germany.The move left 30,000 US troops still in the country, according to CNN. But Trump threatened on Saturday that more cuts were coming. “We are going to cut way down, and we’re cutting a lot further than 5,000,” he told reporters on Saturday. Continue reading...