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• Viktor Orbán lost his position as Prime Minister in the April 2026 Hungarian parliamentary elections, ending a 16-year tenure in power. • The election saw significant international involvement, with US President Donald Trump endorsing Orbán and Vice President JD Vance visiting Hungary to criticize EU interference. • Opposing parties, including Magyar and Tisza, campaigned on platforms to combat corruption and "state-capture" orchestrated by Orbán and the Fidesz party.

• The Representation of the People Bill 2024-26 proposes lowering the voting age to 16 for all elections and introducing automated electoral registration. • To increase voter turnout, the bill aims to move the postal vote application deadline in Great Britain three days earlier, providing more time for ballots to be returned. • Part 4 of the legislation tightens rules regarding donations from companies, limited liability partnerships, and unincorporated associations to prevent foreign influence in UK politics.

• The House of Commons Library has released updated GDP international comparisons to measure the size and growth of the UK economy. • The report provides the latest GDP growth data for the UK and offers direct performance benchmarks against other G7 economies. • These indicators are critical for policymakers to assess the UK's relative economic competitiveness and overall financial health on a global scale.

• Over 30 major companies, including Meta, Amazon, LinkedIn, Walmart, and Standard Chartered, have implemented layoffs throughout 2026. • Freshworks, a software firm based in San Mateo, California, announced in early May that it will reduce its workforce by 11% during the second quarter. • These widespread job cuts are being driven by shifting economic conditions and the rapid integration of AI, which is reshaping the global business landscape.

• Moneycontrol.com is providing real-time live updates and comprehensive news coverage regarding the current status of the Indian stock market. • The platform is focusing on delivering the latest share market trends and critical updates to help investors track market movements. • Technical indicators are being highlighted as essential tools for traders to determine overall trend directions and identify potential price reversals.

• Zee Entertainment Enterprises (ZEE) reported a net loss of ₹104 crore for the fourth quarter, as announced on May 19. • The company attributed the financial downturn to a decrease in advertising spend from clients, which was negatively impacted by the ongoing war in West Asia. • This loss highlights the vulnerability of media companies to geopolitical instability and the resulting volatility in global advertising markets.

• India and South Korea have officially exchanged agreements to strengthen bilateral cooperation in the critical field of Defence Cyber. • The deal includes a specific partnership to facilitate training and academic exchange between India's National Defence College and the Korea National Defence University. • This collaboration matters as it enhances the strategic security capabilities of both nations against evolving digital threats and cyber warfare.