Election 2024 results: AP declares Trump the winner after victory in Wisconsin  

AP News,

Donald Trump has been declared the winner of the 2024 presidential election by the Associated Press after securing victory in Wisconsin, the crucial state that tipped the balance in his favor. Trump won with a significant push in Milwaukee, which ultimately overshadowed efforts from Democratic nominee Kamala Harris. His win in Wisconsin not only restores him to the White House but also marks a pivotal moment in American politics, given the highly polarized nature of the electorate. Trump’s victory is expected to influence global politics, as evidenced by FIFA President Gianni Infantino’s congratulations, promising a successful FIFA World Cup in the United States.

Investors react to Trump’s victory in US election by buying on the German stock market  

AP News,

Following Donald Trump’s victory, the German stock market saw a notable uptick, with the DAX index rising by 1.5% in early trading. Market analysts suggest that Trump’s pro-business stance is likely to fuel optimism among investors, particularly in Europe. Robert Halver from Baader Bank noted that while Trump’s policies may pose challenges for China due to anticipated tariffs, they could benefit European stocks significantly. The reaction from global markets indicates a belief that Trump’s return could lead to economic changes that favor traditional industries, including manufacturing and exports.

In Kamala Harris’ ancestral village, disappointment  

AP News,

In Thulasendrapuram, a small village in Tamil Nadu, India, where Vice President Kamala Harris has ancestral ties, there was a palpable sense of disappointment following the election results. Villagers had expressed hope for a Harris victory, even conducting special prayers at a local temple. However, as the results were announced, many residents felt silent and reflective. They acknowledged the democratic process while wishing Trump well. The initial excitement in the village faded quickly as they grappled with the reality of the election outcome.

No info on whether Putin will congratulate Trump, Kremlin says  

AP News ,

Kremlin spokesperson Dmitry Peskov stated there is no information regarding whether Russian President Vladimir Putin intends to congratulate Donald Trump on his election win. Peskov emphasized that the relationship between Moscow and Washington remains strained, with the U.S. perceived as an “unfriendly” country. He highlighted that U.S. support for Ukraine complicates any diplomatic gestures. The Kremlin’s response reflects the ongoing tensions between the two nations, with Putin’s past comments indicating a desire for a constructive dialogue should the U.S. leadership change its approach.

World leaders offer their congratulations to Trump

AP News,

Following the announcement of Donald Trump’s victory, several world leaders extended their congratulations. Israeli Prime Minister Benjamin Netanyahu hailed it as a historic comeback, emphasizing a renewed commitment to U.S.-Israel relations. French President Emmanuel Macron expressed readiness to work collaboratively with Trump, reflecting on their past partnerships. Such responses underline the significant impact of U.S. elections on global diplomatic relations, with leaders recognizing the potential for shifts in foreign policy direction under Trump’s administration.

German Chancellor Scholz’s coalition faces make-or-break moment  

Reuters,

German Chancellor Olaf Scholz is at a critical juncture as he convenes leaders from his coalition to discuss urgent economic strategies. The coalition, comprising the Social Democrats, Greens, and Free Democrats, is grappling with internal disagreements regarding the best approach to revive Germany’s economy, which is facing a downturn. The Free Democrats have issued an ultimatum for a decisive change in direction, emphasizing the need for swift agreement on budgetary measures. This meeting comes amid increasing pressure as polls suggest dwindling support for the coalition parties. Failure to reach a consensus could result in a significant political shift, potentially leading to early elections.

China’s markets drop as Trump presidency looms

Reuters,

As Donald Trump’s victory in the U.S. presidential election becomes clearer, Chinese markets experienced sharp declines. The offshore yuan fell significantly, reflecting investor anxiety over potential trade and technology tensions expected under a Trump administration. Analysts predict that Trump’s historical approach, which includes imposing tariffs on Chinese goods, could lead to heightened financial sanctions and restricted access to critical technologies. The anticipated volatility in U.S.-China relations has made investors cautious, prompting defensive positioning in the market as the implications of Trump’s win unfold.

Tesla jumps nearly 15% as Trump-backer Musk seen benefiting from White House win  

CNBC,

Following Donald Trump’s projected victory, shares of Tesla surged nearly 15% in early trading, driven by investor optimism regarding the relationship between Trump and CEO Elon Musk. Musk, a prominent supporter of Trump, has previously invested significantly in Trump’s campaign efforts. This spike in Tesla’s stock highlights the expectations that a Trump presidency could favor the electric vehicle market, despite concerns about potential cuts to EV incentives. Analysts believe that Tesla’s established market position may provide it with an advantage amid shifting policy landscapes.

Putin’s ‘Sham Diplomacy’ Ahead of Ukraine Invasion Revealed  

Newsweek,

Investigations have unveiled details of Russia’s initial peace treaty proposal during its invasion of Ukraine, characterized by stringent demands that would have essentially required Ukraine’s capitulation. The draft treaty revealed by Systema indicated that negotiations were superficial, with Russian officials exhibiting no flexibility or genuine intent to reach a compromise. This aligns with critiques from former U.S. envoy John J. Sullivan, who described the Russian diplomatic approach as “sham diplomacy,” aiming to disguise aggressive intentions while demanding significant concessions from Ukraine. Such revelations shed light on the complexities of the ongoing conflict and the challenges of achieving a diplomatic resolution.