BREAKING: Singapore’s Lawrence Wong extends ruling party's six decades in power as voters back incumbents to handle trade turmoil.

Follow for the latest updates, news and analysis: https://bloom.bg/4iKZMYO

Who is Singapore Prime Minister Lawrence Wong?

Take a closer look at his background, career, and rise to power: https://bloom.bg/4k40sd3

📷: Ore Huiying/Bloomberg

For the second time in a week, voters in a prominent US ally angered by President Donald Trump punished conservatives and re-elected a left-leaning incumbent.

Australian Prime Minister Anthony Albanese was poised to win the largest victory for his center-left Labor Party since 1946. Read why the outcome would’ve been hard to predict just months earlier: https://bloom.bg/4iIT0Tt

📷: Brent Lewin/Bloomberg

🎙 Trump wasn't on the ballot in Australia and Singapore elections, but his tariffs and policies loomed large over the results.

Bloomberg reporters take your questions on what's next - tune in on Monday, May 5 at 10 a.m. SGT/12 p.m. AEST here: https://bloom.bg/3GQIJHy

President Donald Trump said in a Truth Social post that he has ordered the reopening of Alcatraz as a prison to “house America’s most ruthless and violent Offenders.”

The costs of such a move would likely reach into at least the hundreds of millions of dollars, based on construction budgets for recent state and federal supermax facilities. Read more: https://bloom.bg/3GDee85

🎙 LIVE NOW: Trump wasn't on the ballot in Australia and Singapore elections, but his tariffs and policies loomed large over the results.

Bloomberg reporters are taking your questions on what's next: https://bloom.bg/4iG6Gi1

Representatives for Indian billionaire Gautam Adani and his companies met Trump administration officials about dismissing the criminal charges levied against him in an overseas bribery probe, according to people familiar with the matter. Read more: https://bloom.bg/3YvW8uL

📷: Sumit Dayal/Bloomberg

President Donald Trump has announced in a post on Truth Social that he plans to impose a 100% tariff on films produced overseas, extending his restrictive trade policies on US imports to the entertainment sector for the first time. Read more: https://bloom.bg/4d16aKx

📷: Ken Cedeno/UPI

Pakistan alleged that India has almost entirely stopped the flow of water across the border through the Chenab river as fears of a clash between the two neighbors mount following a deadly attack in Kashmir. Read more here: https://bloom.bg/43b1GfU

Hong Kong authorities said they continued to purchase US dollars in an attempt to defend the foreign exchange peg. Read more here: https://bloom.bg/3ENQkpV

India has proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in its trade negotiations with the US, people familiar with the matter said. Read more here: https://bloom.bg/3GBH4Wf

India and Pakistan are the closest they’ve been to military conflict in years following last month’s devastating attack on Indian tourists in Kashmir. The turmoil couldn’t come at a worse time for the economies of the two nuclear-armed nations. Here's why: https://bloom.bg/4m1M3zV

Asia’s richest man, Mukesh Ambani, is challenging the decades-long dominance of Coca-Cola and Pepsi in the most-populous country using a playbook he has practiced to perfection in other sectors: price disruption. Read more here: https://bloom.bg/3ENA2gJ

India and the UK agreed a trade deal aimed at boosting economic ties between the world’s fifth and sixth-largest economies, as Washington’s disruptive tariff policies continue to reshape global trade https://bloom.bg/44qV3Ir

New: India said it conducted military strikes against “terrorist camps” in Pakistan, an expected move after it pledged retaliations for a militant attack last month in Kashmir that killed dozens of tourists https://bloom.bg/4kblvuq

Pakistan's defense minister told local media that no Indian soldiers have been taken prisoner.

Follow our live blog for the latest: https://bit.ly/438l25e

Two weeks after a deadly attack on tourists in Kashmir on April 22, India announced that it had conducted “precise and restrained” strikes on what it called “terrorist camps” in neighboring Pakistan.

What's behind the conflict between India and Pakistan? And what's the likelihood of all-out war? Read here: https://bloom.bg/3Z6gnPM

📷: Hindustan Times

India and Pakistan both have the military ability to inflict untold damage.

But in economic terms, India increasingly has much more at stake. Read here why: https://bloom.bg/44tX4DJ

📷: Nanu/AFP/Getty Images

Taiwan’s currency has soared in value against the US dollar in recent days, an almost unprecedented move given the island’s normally stable exchange rates.

Find out why, and who benefits here: https://bloom.bg/43iyS6a

📷: An Rong Xu/Bloomberg

🎙 In late 2018, five years after launching fish-feeding company eFishery, Gibran Huzaifah found himself all out of cash.

The CEO started plugging fake numbers into financial reports. But his house of cards was doomed to collapse. Find out more on the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy

Pakistan said Chinese fighter jets were used to respond to military strikes by India and that it has kept Beijing fully informed of its action as tensions in the disputed Kashmir region escalate. Read more here: https://bloom.bg/3GMcRUx

📷: VCG/Getty Images