Peter Magyar sworn in as new Prime Minister of Hungary

Peter Magyar was sworn in as Hungary's new Prime Minister on Monday, marking the end of Viktor Orban's 16-year rule, according to Deutsche Welle.
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Peter Magyar was sworn in as Hungary's new Prime Minister on Monday, marking the end of Viktor Orban's 16-year rule, according to Deutsche Welle.

According to Spiegel, a scaled-back military parade took place in Russia on May 9. Mobile internet was shut down, and a heavy security presence protected Kremlin chief Putin.

A military parade in Moscow commemorates the victory of the Soviet Union over the Nazi regime, as reported by Deutschlandfunk. President Vladimir Putin observes the event from a grandstand in Red Square.

Interim results from local elections across the United Kingdom show significant seat losses for the Labour Party led by Prime Minister Starmer; the trend also extends to parts of Wales, according to Deutschlandfunk.

A planned meeting next week between former U.S. Donald Trump and Chinese leader Xi Jinping could directly affect the future of Hong Kong activist Jimmy Lai, who is currently detained, according to AP News.

Recent export figures point to unexpected resilience in China’s foreign trade, a development coinciding with the ongoing crisis in Iran and coming shortly before US Donald Trump’s planned visit to the United States.

The traditional Victory Day military parade took place on Moscow’s Red Square to commemorate the defeat of Nazi Germany, with President Vladimir Putin in attendance; the number of foreign guests was small, according to Tagesschau.

Global food prices have reached historic highs, with beef now costing more than at any time in the series. UNIAN warns that the war in Iran could further drive up prices.

Tehran is sending application forms to ships and charging fees for transiting the Strait of Hormuz, a move reported by the Frankfurter Allgemeine Zeitung (FAZ). This comes amid a fragile ceasefire between the United States and Iran.

US stock markets climbed on Friday, with the Dow Jones, S&P 500 and Nasdaq gaining even as reports of clashes between Iran and the US weighed on investors, the Handelsblatt reports.

Ukraine’s Foreign Ministry says Moscow’s proposed ceasefire around May 9 is not genuine diplomacy and fighting has continued; Minister Andrii Sibiga called on the West to increase pressure on Russia with fresh sanctions and isolation.

A new EU sanctions package against Russia has been sitting unresolved for more than two months, initially blocked by Hungary and Slovakia over a dispute tied to the Druzhba pipeline. Recent political shifts in Hungary and developments over the damaged pipeline may now clear the way for approval.