US Election 2024 Results: Kamala Harris ran an inspiring campaign, we accept country's choice, Biden says on Trump's win

After a major election loss to Donald Trump, marking his remarkable political comeback, President Joe Biden is scheduled to address the nation, reported Reuters. Biden’s sudden exit from the presidential race in July, due to concerns over his mental acuity, led Democrats to replace him with Vice President Kamala Harris as their candidate. His speech is set for 11 a.m. (1600 GMT), according to the White House.

The Biden administration is rushing to finish a study that may hinder President-Elect Donald Trump's plan to approve new LNG export terminals immediately, reported Bloomberg. Launched in January, the study assesses the climate, economic, and security impacts of increased LNG exports. Biden had halted new export licenses, a moratorium Trump has pledged to end on his first day. If the study suggests negative impacts or imposes conditions, future approvals by Trump’s administration could face legal challenges.

Before the November 5 election, several high-profile celebrities, including Beyoncé, Oprah Winfrey, Bruce Springsteen, Jennifer Lopez, and Howard Stern, voiced support for Kamala Harris and claimed they would leave the U.S. if Donald Trump won.

During Trump’s first term, PM Modi and Donald Trump headlined two major events—'Howdy Modi' in Houston and 'Namaste Trump' in Gujarat—drawing huge crowds and showcasing their close relationship. The two leaders conveyed a strong message of India’s alliance with the U.S. through their warmth and camaraderie. In a phone call congratulating Trump on his victory, PM Modi reminisced about these events, highlighting the strong bond between the two leaders, as he was among the first global leaders to congratulate Trump. Read on

Hezbollah lawmaker Ibrahim al-Moussawi commented on Donald Trump's victory over Kamala Harris, stating that while the party in power may change, U.S. policy towards Israel is likely to remain the same. He emphasized the need for concrete actions and decisions.

NATO chief Mark Rutte stated that he plans to collaborate with Trump to address the "dangerous new developments" arising from North Korea's involvement in the Russian war on Ukraine, according to Al Jazeera.

India is open to granting U.S. firms easier market access if the Trump administration offers reciprocal trade benefits, according to sources. Trump, recently re-elected, has criticized India’s high tariffs, calling it a "big abuser" of trade and pledging to increase U.S. tariffs on imports. Read more

Melania Trump tweeted that Americans have entrusted them with the responsibility to protect freedom and strengthen the republic. She expressed hope for unity beyond ideology to support liberty, prosperity, and security, and emphasized that American talent and initiative will drive progress.

External Affairs Minister S. Jaishankar stated that Donald Trump's U.S. election victory would "disrupt the world order" but could present new opportunities for India, particularly in trade. He expressed optimism for cooperation under the Trump administration. Read more

Special counsel Jack Smith is in ongoing discussions with Justice Department leaders to resolve the federal cases against President-elect Trump, according to a Justice Department official cited by CNN.

Polish PM Donald Tusk emphasized the importance of strengthening Polish-U.S. relations under President Trump, especially given potential geopolitical shifts. They stress that both Europe and Poland should work to maintain strong transatlantic ties to navigate anticipated changes in the international landscape effectively.

Australia's ambassador in Washington, Kevin Rudd, deleted comments he previously made about Donald Trump after the Republican's election win, saying on Thursday they did not reflect the view of the Australian government. Rudd, a former prime minister, had previously made the comments about Trump in his capacity as the head of a U.S.-based think tank, a statement on his personal website said.

"Big congratulations to our 45th and now 47th President on an extraordinary political comeback and decisive victory. No nation has bigger opportunities. Wishing @realDonaldTrump all success in leading and uniting the America we all love," Trump posted on X.

Iran on Thursday described Donald Trump’s victory in the US presidential election as an opportunity for the United States to reassess past mistakes, reports Agence France-Presse (AFP). “We have very bitter experiences with the policies and approaches of different US governments in the past,” foreign ministry spokesperson Esmaeil Baghaei said, as quoted by state news agency IRNA, adding that Trump’s win presented a chance “to review previous wrong policies.”

US President-elect Donald Trump inherits a United States-China relationship reset by presidents Joe Biden and Xi Jinping over the last year to lift ties off a diplomatic nadir after COVID-19 and tension over Taiwan. Formal talks are being held on a range of critical issues, but regional diplomats and analysts say these channels key to manage tense ties could be on the chopping block with Trump in the White House. (Reuters)

• Japanese Prime Minister Shigeru Ishiba is likely to meet US President-elect Donald Trump in the United States this month, according to a report by The Guardian.
• As Japan’s most crucial economic and security partner, the US benefits from Japan’s role as a key ally in Asia, where it hosts bases supporting a significant American military presence near China.
• Ishiba told reporters that he spoke briefly with Trump in a five-minute phone call on Thursday morning Japan time, during which they agreed to meet at the earliest opportunity.

Republican presidential candidate Donald Trump on Tuesday scripted a remarkable comeback to the White House as he defied the odds to defeat Democrat Kamala Harris, paving the way for his second term as the US President. Trump, 78, will be the oldest person ever to take oath as President, the first to be elected to the White House despite a criminal conviction and two impeachments while in office and the first Republican to win the popular vote in 20 years. Trump, who will be inaugurated as the 47th president of the United States of America on January 20 next year, also won wider margins than 2016 to mark his return to the White House. (Read More)

Donald Trump's return to power and the collapse of Germany's ruling coalition will be major talking points at a meeting of nearly 50 European leaders and an EU summit in Budapest on Thursday and Friday to discuss support for Ukraine, migration, economic security and waning EU competitiveness. European leaders have broadly congratulated Trump but face uncertainty over U.S. backing for Ukraine against Russia's invasion, the US commitment to the NATO military alliance and the prospect of tariffs on their exports to the United States. (Reuters)

Taiwan plans to assist companies in relocating production out of China, anticipating a significant impact from the tariffs that incoming U.S. President Donald Trump has pledged to impose, Economy Minister Kuo Jyh-huei announced Thursday. Trump, who will take office in January, has threatened to impose 60% tariffs on U.S. imports of Chinese goods, posing substantial growth risks for the world’s second-largest economy.

Donald Trump’s vow to halt renewable energy projects on “day one” of his potential presidency has sent shockwaves through the industry, causing renewable energy stocks to tumble. “We are going to make sure that that ends on day one,” Trump said, specifically targeting offshore wind farms. Following the announcement, shares in Orsted, the world’s largest offshore wind developer, dropped as much as 14 percent, while wind turbine manufacturers Vestas and Nordex saw declines of around 11 percent and 7.5 percent, respectively, according to a Reuters report.

Democratic Representative Raul Ruiz won reelection to his U.S. House seat representing California on Wednesday. Ruiz was first elected to the House in 2012, when he defeated Republican incumbent Mary Bono.

Central bankers the world over are gauging whether their worst fears over Donald Trump will come to pass following his resounding return to the US presidency. Trump has promised levies on US imports that would upend global trade, tax cuts that would further stretch the federal budget and deportations that could shrink the pool of cheap labor. (Read More)

• Beyoncé's “Freedom” became a mainstay of Harris’ presidential campaign, and some of the artist’s other music is providing the soundtrack of the event expected to include her concession speech.
• “Run the World (Girls)” played through speakers at Howard University as supporters, members of Congress and other Democratic notables awaited the Democratic nominee.
• Harris’ presidential campaign took on Beyoncé's 2016 track “Freedom” as its anthem, with Harris walking out to it at dozens of events, including her acceptance speech at this summer’s Democratic National Convention.
• The singer appeared with Harris last month during a campaign rally in her hometown of Houston, bringing a high level of star power to what had become a key theme of the Democratic nominee’s bid: freedom. (AP)

Chinese President Xi Jinping sent a congratulatory message to Trump on his victory, according to Chinese state media. In his message, Xi emphasized the importance of China and the US "getting along in the new era" and called for the two countries to strengthen communication and dialogue, as reported by the official Xinhua news agency.

• Former House Speaker Nancy Pelosi issued a statement late Wednesday, expressing that “we all pray for America’s success under the next administration,” though she did not mention Trump by name.
• Pelosi, who played a key role in the Democratic Party's strategic shift from Joe Biden to Kamala Harris as the top of the ticket over the summer, has long been one of Trump’s fiercest critics. She has previously stated that her goal is to ensure Trump never returns to the White House.
• “The peaceful transfer of power is the cornerstone of our democracy,” Pelosi said. “After every election, we all have a responsibility to come together and find common ground.”

• South Korean President Yoon Suk Yeol congratulated Trump on his “huge win” and emphasized the need to strengthen security and economic cooperation between the two nations, according to a Seoul presidential official.
• Kim Tae-hyo, Yoon’s deputy national security director, stated on Thursday that Yoon and Trump also discussed the increasing threats from nuclear-armed North Korea, including its intercontinental ballistic missiles targeting the U.S. mainland, as well as North Korea's reported deployment of troops to support Vladimir Putin's war in Ukraine.

• The FBI is warning of additional fabricated videos that misuse its name and insignia to undermine confidence in the electoral system.
• One of the videos falsely claims that the FBI was made aware that at least 301 electors reported attempted bribery and blackmail by a political party.
• Another video falsely claims that the FBI is investigating voter pressure at US military bases overseas, a third claims that a U.S. social media company has seen an increase in the number of separatist groups to include a total audience of more than 40 million people and the fourth falsely claims that the FBI has ordered media to restrict the spread of information about the bribery of electors.
• The FBI says each of the videos contains false information. (AP)

Wall Street soared to record highs as Trump's return to the presidency fueled optimism across stocks, bonds, and tech. Treasury yields rose sharply, Tesla hit a 52-week high, short sellers faced steep losses, and Qualcomm shares jumped on strong Chinese smartphone demand and a major stock buyback plan. All this and more on the November 7 edition of World Street. (Read More)

Investors bracing for President Donald Trump 2.0 know two things: The new administration will seek to ram through his “Make America Great Again” agenda, and the ensuing bill could be sky-high. The Republican victor is poised to unleash a fresh round of policies — tariffs, tax cuts, immigration crackdowns — to both boost economic growth and shield the nation from an influx of low-cost, overseas goods and workers. While Trump’s first term featured similar policies and coincided with a boom in corporate profits, these measures, implemented now, threaten to rekindle an inflation spiral that took years to quell in the aftermath of the pandemic. (Read More)

Most Asian stocks dropped as investors weighed the market ramifications of a second Trump presidency, with its promise of steeper tariffs. The dollar edged higher after surging more than 1% on Wednesday. Benchmark equity gauges slipped in China, Australia and South Korea, and were mixed in Japan. That was after the S&P 500 surged 2.5% Wednesday, its best post-election day in history and the Nasdaq 100 rose 2.7%. The Federal Reserve is forecast to cut interest rates on Thursday. (Read More)

Bitcoin jumped to a record high, part of a wave of trades across global markets in response to Donald Trump emerging victorious over Democratic rival Kamala Harris in the US presidential election. The largest digital asset rose as much as 10% to $76,106 with Trump winning a second term, the Republicans taking back the Senate and the House looking increasingly more likely to remain red. The increase was the most since the last peak in March, when investors were cheered by inflows into US Bitcoin exchange-traded funds. (Read More)

• In a letter, House Majority Leader Steve Scalise outlines key Republican plans for Trump’s first 100 days in office, which include:
• Tax Policy: "Locking in the Trump tax cuts."
• Energy: Policies aimed at "unleashing American energy," such as mandating lease sales, opening federal lands—including the Arctic National
• Wildlife Refuge—to increased energy exploration and production, and repealing parts of the Inflation Reduction Act, including what Scalise describes as "harmful slush funds."
• Immigration: Plans to "build the Trump border wall," acquire new detection technologies, strengthen the border patrol, and "stop the flow of illegal immigration."

• Indian Prime Minister Narendra Modi extended his "heartiest congratulations" to his "friend," expressing hope to work together to "promote global peace, stability, and prosperity."
• Brazilian President Lula Da Silva shared his hope that Trump will focus on "working for the world to have peace" and that their relationship will remain "civilized."
• Ukrainian President Volodymyr Zelensky noted that he and Trump held an "excellent" call following his victory, a relationship that will be closely observed in the coming months.
• UK Prime Minister Sir Keir Starmer offered his "hearty congratulations" and expressed eagerness to work together "across all areas of the special relationship."

• Oil prices edged up on Thursday following a sell-off triggered by the U.S. presidential election, as risks to oil supply from a Trump presidency and a hurricane building in the Gulf Coast outweighed a stronger US dollar and higher inventories.
• Brent crude oil futures rose 26 cents, or 0.35%, to $75.18 per barrel by 0125 GMT. U.S. West Texas Intermediate (WTI) crude gained 16 cents or 0.22% to $71.85.
• Concerns around a Trump presidency squeezing oil supply from Iran and Venezuela as well as an approaching storm "more than offset the post-election impact of a stronger U.S. dollar and ... higher-than-expected U.S. inventories," Tony Sycamore, a market analyst with IG, wrote in a note. (Reuters)

Donald Trump, the former president, clinched a second term in office on Wednesday, marking one of the greatest comebacks in US political history by defeating Democratic rival Kamala Harris in a closely fought election. Following his election victory, Trump is expected to begin selecting his cabinet and appointing other senior administration officials in the coming weeks. (Read More)

• Senate Majority Leader Chuck Schumer, a Democrat from New York, posted on X that Senate Democrats are committed to collaborating with their Republican colleagues following the GOP’s victory in securing a majority in the upper chamber. The Republican Party regained control of the Senate by flipping seats in West Virginia, Ohio, and Montana.
• "As I've said time and again, in both the majority and the minority, the only way to get things done in the Senate is through bipartisan legislation while maintaining our principles - and the next two years will be no different." he said in the post on social media.

"Big congratulations to our 45th and now 47th President on an extraordinary political comeback and decisive victory. No nation has bigger opportunities. Wishing @realDonaldTrump all success in leading and uniting the America we all love," tweets Jeff Bezos on X

• President-elect Donald Trump will be inaugurated on January 20, 2025, officially taking on the duties of the presidency.
• Leading up to the inauguration, the electoral college process will unfold:
• Each state typically awards its electoral votes to the candidate who won its popular vote.
• This will be finalized on December 17.
• On January 6, the new US Congress will meet to count and certify the electoral college votes, officially confirming the next president.
• In 2021, this certification process was interrupted when Trump’s supporters stormed the US Capitol after he refused to concede to Joe Biden.

A BBC report cites recent polling data that reveals white men made up the largest percentage of voters backing president-elect Trump in the 2024 election, with 60% casting their votes for him.

Latino men were close behind, showing a notable shift; Trump received 55% of their votes, a 19-point increase from the 2020 election, while Harris garnered 43%. This marked the most significant demographic shift this election cycle.

Support among Latino women for Trump also rose, with 38% voting for the president-elect—an eight-point increase from 2020.

• China expressed respect for the U.S. election result and congratulated Donald Trump on his victory while an official newspaper called for a "pragmatic" approach to China-U.S. relations to handle their differences properly.
• Trump, a Republican who has promised to implement stiff tariffs, recaptured the White House with a sweeping victory over Democrat Kamala Harris in Tuesday's election.
• "We respect the choice of the American people and congratulate Mr. Trump on his election as president," a Chinese foreign ministry spokesperson said in a statement late on Wednesday.
• State-run newspaper China Daily said in an editorial on Wednesday that Trump's second presidency could mark a "new beginning in China-U.S. relations if the chance that has been offered is not wasted." (Reuters)

Australia's ambassador in Washington, Kevin Rudd, deleted comments he previously made about Donald Trump after the Republican's election win, saying on Thursday they did not reflect the view of the Australian government. Rudd, a former prime minister, had previously made the comments about Trump in his capacity as the head of a US-based think tank, a statement on his personal website said. Among the deleted comments, Rudd had in 2020 described Trump as “the most destructive president in history”. (Reuters)

• Canadian Prime Minister Justin Trudeau’s office announced that Trudeau congratulated Trump during a phone call. “The two leaders discussed the enduring and successful partnership between Canada and the United States,” the statement read.
• They also covered topics including trade, supply chains, global trading practices, and North American security.

• In his first public comment following Trump’s victory, President Biden praised Harris in a White House-issued statement, calling her “a tremendous partner and public servant full of integrity, courage, and character.”
• Biden acknowledged that Harris joined the race under “extraordinary circumstances,” referring to his own decision to exit the race 108 days before Election Day under mounting pressure from within his party after a difficult debate with Trump.
• He commended Harris for “stepping up and leading a historic campaign that represented what’s possible when guided by a strong moral compass and a clear vision for a nation that is freer, more just, and full of greater opportunities for all Americans.”

Trump’s campaign announced that he has accepted President Biden’s invitation to meet at the White House to discuss the presidential transition. While no date has been set, Steven Cheung, Trump’s communications director, stated that the meeting would "take place shortly." Cheung added that Trump “greatly appreciated” Biden’s congratulatory call on Wednesday.

• Former President Bill Clinton and former Democratic presidential nominee Hillary Clinton extended their well-wishes to Trump and his running mate, JD Vance, on Wednesday, expressing their hope that the pair will "govern for all of us."
• The Clintons, who have been prominent critics of Trump, took an active role in the campaign, with Bill Clinton rallying for Harris and her running mate, Tim Walz, across the country. Hillary Clinton, Trump's opponent in the 2016 election, was vocal in her criticism of her former rival throughout the campaign. The Clintons praised Harris and Walz for conducting "a positive, forward-looking campaign to be proud of."
• They emphasised the importance of unity, writing, “We must remember that America is bigger than the results of any one election, and what we as citizens do now will make the difference between a nation that moves forward and one that falls back. We need to solve our problems and recognize our opportunities together. The future of our country depends on it.”

President Biden will address the nation Thursday at 11 a.m. EST (9:30 pm, IST). The remarks to the nation will be Biden’s first appearance on camera in the aftermath of Donald Trump’s decisive victory over Kamala Harris.

Over $1.2 trillion in value added to the US stock market today, posts 'The Spectator Index' on X

• "I know people feel like we are entering a dark time," she says. "I hope that is not the case."
• She calls on her followers to "fill the sky" with starry optimism.
• "May that guide us toward the extraordinary promise of the United States."
• "The fight for our country is always worth it," Harris says.
• "Don't give up," she tells the audience. "You have power."

Hello and welcome to our live coverage of the 2024 US Presidential Election results. It's official! Donald J Trump will be the 47th President of the US. His political opponent and Democrat nominee Kamala Harris has conceded defeat. In her first speech after the results were announced, Harris said that there will be a smooth 'transfer of power.' What Trump's landslide win means for the US and the world? Stay with us as be bring you latest on the US politics and more.