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Australian PM Rudd concedes election defeat

Kevin Rudd sheds a tear during a press conference in Canberra, on June 24, 2010
A file photo taken on June 24, 2010 shows deposed Australian premier Kevin Rudd shedding a tear at a press conference in Canberra. Rudd has conceded defeat to conservative challenger Tony Abbott in national elections.

Australia's Labor Prime Minister Kevin Rudd on Saturday conceded election defeat to conservative challenger Tony Abbott, and wished his rival well.

"A short time again I telephoned Tony Abbott to concede defeat at this national election," he said at a party function in Brisbane.

"As prime minister of Australia, I wish him well in the high office of prime minister of this country."