Australian voters have handed incumbent Prime Minister Anthony Albanesea decisive second term, as his Labor Party secured at least 85 seats in the nation’s 150-member House of Representatives. Albanese’s victory on Saturday marks the first time since 2004 that an Australian prime minister has won consecutive terms. His campaign emphasized Australian values and a commitment to unity in the face of foreign threats – including a 10% tariff on exports imposed by US President Donald Trump midway through the campaign.
In contrast, the Conservatives ran a Trump-style campaign marked by culture war rhetoric on Indigenous issues and a controversial nuclear energy proposal, which failed to resonate with suburban and moderate voters. Branded “DOGE-y Dutton” over his intent to cut the public service, leader Peter Dutton also lost his own seat in Dickson, Queensland, which he had held for 24 years. Dutton had openly embraced Trump, calling him a “big thinker” after the US President announced his intentions to take over Gaza in February.
Start of a trend? Australia’s outcome mirrors Canada’s recent election result, which saw Conservative opposition leader Pierre Poilievre lose to the governing Liberals under newly elected leader Mark Carney. Poilievre was also similarly defeated in the seat he had held for 20 years, and many Conservatives blamed “Trump mimicry” by the party’s campaign as a major factor.At the 2026 World Bank/IMF Spring Meetings, GZERO’s Tony Maciulis asked Microsoft's Vickie Robinson what it will take to prepare economies for the age of AI and how quickly it needs to happen.
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Chris, an Army veteran, started his Walmart journey over 25 years ago as an hourly associate. Today, he manages a Distribution Center and serves as a mentor, helping others navigate their own paths to success. At Walmart, associates have the opportunity to take advantage of the pathways, perks, and pay that come with the job — with or without a college degree. In fact, more than 75% of Walmart management started as hourly associates. Learn more about how over 130,000 associates were promoted into roles of greater responsibility and higher pay in FY25.
Did the AI boom counteract the economic fallout of Trump's tariffs? And how long can that last?