Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Australia's conservative Liberal party elect first woman leader after election loss
    Headlines

    Australia's conservative Liberal party elect first woman leader after election loss

    Australia's conservative Liberal party elect first woman leader after election loss

    Published by Global Banking and Finance Review

    Posted on May 13, 2025

    Featured image for article about Headlines

    By Kirsty Needham

    SYDNEY (Reuters) -Australia's conservative Liberal Party elected Sussan Ley, a former outback pilot with three finance degrees, as its first woman leader on Tuesday, after an election loss partly due to comparisons with U.S. President Donald Trump's policies.

    Prime Minister Anthony Albanese was sworn in for a second term on Tuesday after his Labor Party rode a voter backlash against global instability caused by Trump's policies to a come-from-behind victory in the May 3 national election.

    The opposition conservative Liberal Party leader Peter Dutton, who had been labelled "DOGEy Dutton" by Labor after echoing Trump policies to cut thousands of public service jobs including diversity and inclusion roles, lost his seat.

    Ley said her appointment as the first female leader of the Liberal Party "sent a signal" to Australian women, although her agenda would be "much more than that", flagging the need for new policies on economic and tax reform.

    "We did let women down, there is no doubt about that, and it is true that the number of women supporting us is declining and I want to rule a line under that," she told a press conference in Canberra, reflecting on the conservative party's loss.

    The Liberal Party has lost city seats in Sydney and Melbourne to women who ran as independent candidates with policies supporting climate change and gender equality in the last two elections.

    Ley said the Liberal Party needs to "meet modern Australia where they are".

    "Government is always formed in the sensible centre," she added.

    A former pilot who mustered livestock in Australia's vast outback and raised three children on a farm before graduating from university, Ley entered parliament in 2001.

    She acknowledged her mother, who she said was in end of life care, as instilling in her the value of resilience.

    She also paid tribute to the "wisdom of shearers" she had listened to as a cook in the hut at the end of a hard day's work in the hot sun.

    She had become a strong person as a farmer's wife raising a family through years of drought, she said, and later gaining three finance degrees at university.

    The caravan Ley had lived in as a shearers' cook was later painted to become her Liberal Party campaign vehicle, she recalled.

    The Australian Electoral Commission is yet to finalise vote counting in several seats, although Labor said it is ahead in at least 94 seats out of the 150-seat House of Representatives.

    It was the largest Labor caucus since Australia was formed by the federation of six former British colonies in 1901, Albanese said.

    Albanese and his ministers were sworn in at a ceremony at Government House in Canberra, conducted by Governor-General Sam Mostyn.

    The key roles of treasurer, foreign affairs, defence and trade are unchanged. In new roles, Michelle Rowland was sworn in as attorney-general, Murray Watt as environment minister, and Tanya Plibersek as social services minister.

    Albanese will travel to Indonesia on Wednesday, and will attend the inauguration mass of Pope Leo XIV on Sunday in Rome, where he said he would also hold meetings with other leaders including European Union president Ursula von der Leyen to discuss trade.

    (Reporting by Kirsty Needham in Sydney; Editing by Lincoln Feast)

    Related Posts
    Zelenskiy says Russia must be held responsible for 'crime of aggression'
    Zelenskiy says Russia must be held responsible for 'crime of aggression'
    BBC says it will fight Trump lawsuit over edited speech
    BBC says it will fight Trump lawsuit over edited speech
    Kremlin says Christmas ceasefire proposed by Ukraine depends on reaching peace deal
    Kremlin says Christmas ceasefire proposed by Ukraine depends on reaching peace deal
    Dassault Aviation CEO unsure if FCAS fighter will go ahead
    Dassault Aviation CEO unsure if FCAS fighter will go ahead
    Europe's leaders and laggards in electric vehicle sales
    Europe's leaders and laggards in electric vehicle sales
    EU members bordering Russia push for enhanced security at Helsinki meeting
    EU members bordering Russia push for enhanced security at Helsinki meeting
    Netherlands will host International Claims Commission for Ukraine, minister says
    Netherlands will host International Claims Commission for Ukraine, minister says
    EU to extend carbon border levy to new products, drafts show
    EU to extend carbon border levy to new products, drafts show
    Plan to build church for war dead in city park sparks rare protest in Russia
    Plan to build church for war dead in city park sparks rare protest in Russia
    Polish student detained over suspected Christmas market attack plot
    Polish student detained over suspected Christmas market attack plot
    China lowers EU pork tariffs in final ruling after 18-month probe
    China lowers EU pork tariffs in final ruling after 18-month probe
    European defence stocks slide amid progress in Ukraine peace talks
    European defence stocks slide amid progress in Ukraine peace talks

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    App developers urge EU action on Apple fee practices

    App developers urge EU action on Apple fee practices

    Kering sells majority stake in New York property in $900 million deal 

    Kering sells majority stake in New York property in $900 million deal 

    EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports

    EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports

    Antisemitism allowed to fester in Australia, says daughter of wounded Holocaust survivor

    Antisemitism allowed to fester in Australia, says daughter of wounded Holocaust survivor

    Human‑wave attacks and drones: How Myanmar's junta is fighting back

    Human‑wave attacks and drones: How Myanmar's junta is fighting back

    EU to yield on combustion engines ban after automaker pressure

    EU to yield on combustion engines ban after automaker pressure

    US suspends technology deal with Britain, FT reports

    US suspends technology deal with Britain, FT reports

    Taiwan's global credibility on the line with disputed laws, president says

    Taiwan's global credibility on the line with disputed laws, president says

    Trump seeks up to $10 billion in damages from BBC over editing of January 6 speech

    Trump seeks up to $10 billion in damages from BBC over editing of January 6 speech

    Europe to launch international commission for Ukraine war damages

    Europe to launch international commission for Ukraine war damages

    South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi

    South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi

    'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate

    'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate

    View All Headlines Posts
    Previous Headlines PostKim Kardashian tells accused in Paris jewel heist that she forgives him
    Next Headlines PostGermany bans 'Kingdom of Germany' far-right group and arrests leaders