After a long-pending election in the troubled Horn of Africa nation, Somali legislators have elected former leader Hassan Sheikh Mahmoud as the country's next president.
The Asian Olympic Council has announced that the Asian Games 2022, to be held in Hangzhou, China in September, has been postponed to 2023 due to the rising COVID-19 cases in the country.
The Reserve Bank of India (RBI) in a sudden move on May 4, 2022, increased the policy repo rate by 40 basis points to 4.40 percent with immediate effect.