November 7, 2024 10:40 PM

Trump win worries international partners ahead of COP29 climate summit

Donald Trump’s victory in the U.S. presidential election has darkened the outlook for a strong deal at the COP29 climate summit next week and will increase pressure on Europe and China to lead international progress in curbing planetary warming, according to climate negotiators. Trump, who has called climate change a hoax, has said he plans to withdraw the U.S. from the landmark 2015 Paris climate agreement at the start of his second presidency, and his policy advisers have floated removing t...

November 7, 2024 8:46 PM

PM Modi congratulates President Trump on re-election, cites deep trust of American people

Prime Minister Narendra Modi extended warm congratulations to U.S. President Donald Trump following his re-election, emphasizing that his decisive victory reflects the American public's deep trust in his leadership and vision. The two leaders connected via telephone, with PM Modi also lauding the Republican Party’s success in the congressional elections. The Ministry of External Affairs (MEA) issued a statement detailing the exchange. According to the ministry, PM Modi acknowledged the "resou...

November 7, 2024 4:47 PM

India better positioned than Asian peers on trade linkages with China: report

As global currencies weaken against the U.S. dollar following Donald Trump’s election victory, emerging markets (EMs) are bearing the brunt. However, India appears to be in a comparatively stronger position than many of its Asian peers, particularly due to its lower dependency on trade with China, according to a report by Emkay. The report highlights that India has the smallest exports-to-GDP ratio and the lowest share of exports directed towards China among EM Asian countries, which provides...

November 6, 2024 11:39 PM

“Thank You”: US Vice President-elect JD Vance expresses gratitude after historic election win

Following Donald Trump's decisive victory over Democratic candidate Kamala Harris in the 2024 U.S. Presidential Election, Vice President-elect JD Vance shared a heartfelt message on social media platform X, thanking his supporters, his wife Usha Vance, and President-elect Trump. “THANK YOU! To my beautiful wife for making it possible to do this. To President Donald J. Trump, for giving me such an opportunity to serve our country at this level. And to the American people for their trust. I wil...

November 6, 2024 11:22 PM

UN nuclear watchdog chief says he may head to Iran soon as Trump return looms

U.N. nuclear watchdog chief Rafael Grossi said on Wednesday he might head to Iran in the coming days to discuss its disputed atomic programme and that he expected to work cooperatively with U.S. President-elect Donald Trump. Grossi had previously said he hoped to go to Tehran ahead of the Nov. 5 U.S. vote as he seeks to resolve several long-standing issues that have dogged relations between Iran, the International Atomic Energy Agency and Western powers. "We are already talking to colleagues i...

November 6, 2024 10:53 PM

PM Modi calls President Trump, congratulates him on election victory and discusses future cooperation

Prime Minister Narendra Modi reached out to U.S. President Donald Trump following his resounding victory in the recent U.S. elections, congratulating him on the success and reaffirming their commitment to deepening bilateral ties. Reportedly, President Trump praised Modi, saying that the “whole world loves” him and calling India a “magnificent country” led by a “magnificent man.” President Trump conveyed his appreciation for India, adding that he considers PM Modi and India as true ...

November 6, 2024 10:47 PM

Trump’s Republicans win control of US Senate, make gains in House

Republicans won control of the U.S. Senate with victories in Montana, Ohio and West Virginia on Wednesday, ensuring Donald Trump's party will control at least one chamber of Congress next year. Republicans were set to hold a majority of at least 52-48 in the U.S. Senate and had added three seats to their 220-212 House of Representatives majority, though with 51 of the 435 races yet uncalled, final control of the lower chamber was yet unclear. If Republicans ultimately prevail in the House, the...

November 6, 2024 9:00 PM

Trump expected to shift course on antitrust, stop Google breakup

Donald Trump will likely dial back some of the antitrust policies pursued under the administration of President Joe Biden, potentially including a bid to break up Alphabet's Google over its dominance in online search, experts said. Trump is expected to continue cases against Big Tech, several of which began in his first term, but his recent skepticism about a potential Google breakup highlights the power he will hold over how those cases are run. "If you do that, are you going to destroy the c...

November 6, 2024 8:26 PM

US stock futures, dollar and bitcoin surge as Trump wins race to White House

Major stock markets around the world rallied on Wednesday, while bitcoin hit a record high and the dollar was set for its biggest one-day jump in four years as Donald Trump was elected U.S. president. Small cap U.S. stocks in particular were boosted by expectations that a Trump presidency would offer tax cuts and support domestic companies. Though bond investors dumped long-dated Treasuries, betting that accompanying tariff hikes would increase the deficit and inflation, causing the Federal Re...

November 6, 2024 6:47 PM

Israeli government celebrates Trump’s election triumph

Israeli Prime Minister Benjamin Netanyahu and his supporters celebrated Donald Trump's election as president, hailing what a leader of the Israeli settler movement called an ally who would support them "unconditionally". Congratulating Republican Trump, Netanyahu said the former president had made "history's greatest comeback". "Your historic return to the White House offers a new beginning for America and a powerful recommitment to the great alliance between Israel and America," he said in a ...