Australia’s new PM Albanese to fly to Quad meet hours after taking reins

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  • Anthony Albanese becomes 31st prime minister
  • New PM off to Japan later on Monday for Quad meet
  • Australian financial markets offer muted reaction

SYDNEY, May 23 (Reuters) – Australia’s Labor Party leader, Anthony Albanese, was sworn in as the country’s 31st prime minister on Monday, promising a “journey of change” as he vowed to tackle climate change, rising living costs and inequality.

Labor returns to power after nine years in opposition as a wave of unprecedented support for the Greens and climate-focussed independents, mostly women, helped end nearly a decade of rule by the conservative coalition in Saturday’s general election. read more

Although votes are still being counted and the makeup of government has yet to be finalised, Albanese was sworn in so he could attend a key meeting of the “Quad” security grouping in Tokyo on Tuesday.

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Albanese, raised in public housing by a single mother on a…

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