November 7, 2024

Daily News Brief

*) Donald Trump defeats Kamala Harris to become the 47th US president Former US president Donald Trump defeated his rival Kamala Harris and became the 47th president of the country. In his victory speech, he pledged to “heal” the country, promising secure borders, prosperity and a “golden age of America.” Speaking to ecstatic supporters, Trump, joined by Vice President nominee JD Vance, hailed GOP wins and vowed to fight for Americans. Separately, Republicans also secured the majority in the Senate. *) Vice President Harris commits to a peaceful transfer of power in speech Vice President Kamala Harris delivered a defiant concession speech, vowing a peaceful transition of power after Trump won the US presidential election. Harris told supporters in a speech in Washington to "not despair," urging them to "keep fighting" after her loss. Separately, US President Joe Biden will address the nation and pay tribute to Harris for her "courage" and "integrity." *) US stocks soar as Trump secures a second term in White House Wall Street surged to record highs as Donald Trump made a stunning return to the White House. The Dow Jones soared 1,250 points, with the S&P 500 nearing the 6,000 mark. Investors anticipate tax cuts and deregulation, while Treasury yields, bitcoin and the dollar also hit new highs. Market eyes now turn to the Federal Reserve’s upcoming rate discussion. *) Erdogan and Trump discuss cooperation on Türkiye-US ties, global issues Turkish President Recep Tayyip Erdogan congratulated US President-elect Donald Trump on his election victory in a phone call. Erdogan expressed his hopes for strengthened cooperation between Türkiye and the United States in the coming term. Earlier in a message on X, Erdogan expressed hopes for progress on global issues like Palestine and the Russia-Ukraine conflict. He stressed the importance of collaboration for fairer world order and peace, wishing prosperity for both nations and humanity. *) South Africa closes main border with Mozambique over election protest violence South Africa temporarily shuts its main border with Mozambique amid escalating protests over Mozambique's disputed election. At least 18 people have died as opposition supporters challenge Frelimo’s contested win. Security forces have responded with force, restricting internet access and threatening army deployment. Tensions rise as Mozambique's opposition plans a massive march on capital Maputo.