Business and economy

• Budapest faces a severe financial crisis due to a twelvefold increase in the government's solidarity contribution, with the city already running a deficit of HUF 40–60 billion. Mayor Gergely Karácsony warns that without emergency legal protection, the state is set to withdraw an additional HUF 12 billion, potentially halving public transport services and threatening the city's ability to function. <ref>{{cite news |title=Budapest Seeks Court Protection as City Faces Financial Collapse |url=https://www.hungarianconservative.com/articles/current/budapest-financial-collapse-court-protection/ |work=Hungarian Conservative |date=2025-05-27}}</ref>

• Economy of South Korea
  • South Korea’s central bank cuts its key interest rate by a quarter percentage point to 2.5%, marking its fourth cut since October, and sharply lowered its 2025 growth forecast to 0.8%, nearly halving the previous projection of 1.5% announced in February after a monetary policy meeting. Share prices rise following the report, with the Kospi gaining 1.7%. (AP)

Disasters and accidents

• 2025 South Korean Lockheed P-3 Orion crash
  • Four people are killed when a South Korean Navy Lockheed P3-C Orion aircraft crashes into a hill in Pohang, Gyeongsang, South Korea. (Euronews)

Health and environment

• Sudanese civil war
  • Humanitarian impact of the Sudanese civil war
    • The health ministry of Khartoum State in Sudan reports a cholera outbreak in the state, with 2,119 cases and 242 deaths in the past week and this week, including 70 in the last two days. (News Central TV)

International relations

• Israeli settlements
  • Israel announces 22 new Jewish settlements in the occupied Palestinian West Bank, the biggest expansion in decades. (BBC News)

Law and crime

• Corruption in Slovakia
  • Slovakia’s central bank chief, Peter Kažimír, a member of the European Central Bank committee, is convicted of bribery and fined 200,000 euros. The verdict was issued by Judge Milan Cisarik at the Special Criminal Court in Pezinok. (AP)
• Lliuya v RWE AG
  • A court in Germany rejects a lawsuit filed by a Peruvian farmer against German energy firm RWE. Saúl Luciano Lliuya alleged that the firm's global emissions contributed to the melting of glaciers in Peru, threatening his hometown of Huaraz with flooding. (BBC News)
• Pamplona massacre
  • Former lawmaker Arnolfo Teves Jr. is deported back to the Philippines from Timor-Leste following his arrest yesterday. (ABS-CBN News)
• A court in Argentina nullifies the ongoing trial of Diego Maradona's former medical personnel accused of malpractice following the removal of one of the trial's judges for alleged lack of impartiality. (CNN)
• US president Donald Trump commutes the federal prison sentence of Larry Hoover, the founder of the Chicago street gang Gangster Disciples, who was sentenced to six life sentences on conspiracy, extortion, drug and other criminal charges in the 1990s. (BBC News)
• Argentine security minister Patricia Bullrich announces the arrest of 12 alleged members of Tren de Aragua, which Argentina recently designated as a terrorist organization. (Reuters)

Politics and elections

• 2025 Nepalese pro-monarchy protests
  • Tens of thousands of people demonstrate in Kathmandu, Nepal, asking for the restoration of the country's monarchy and for Hinduism to be declared the state religion. Nepal abolished its monarchy in 2008. (AP)
• 2025 Portuguese legislative election
  • Portugal’s right-wing Chega party becomes the lead parliamentary opposition with the second-most seats in parliament. (AP)
• 2025 South Korean presidential election
  • Early voting begins in South Korea, from 6:00 am to 6:00 pm KST on today and tomorrow, with a record early voting turnout rate being observed. (The Straits Times)