US elections 2024 highlights: In a democracy will of the people always prevails, says Biden

US elections 2024 updates: Catch all the LIVE updates here as Donald Trump is all set to comeback as the 47th US President

4:17 PM

UK PM Starmer calls Trump, offers congratulations

“The Prime Minister offered his hearty congratulations and said he looked forward to working closely with President-elect Trump across all areas of the special relationship. From defence and security to growth and prosperity, the relationship between the UK and US was incredibly strong and would continue to thrive for many years to come, the leaders agreed,” a Downing Street spokesperson said.

3:57 PM

US election results LIVE: Melania Trump issues first statement after his win

"We will safeguard the heart of our republic – freedom. I anticipate the citizens of our nation rejoining in commitment to each other and rising above ideology for the sake of individual liberty, economic prosperity, and security," Melania Trump said in a post on X. 

3:39 PM

News update: Look forward to sitting down with Trump to discuss how can we face threats, says Nato's Rutte

3:25 PM

Biden set to address nation after Donald Trump's decisive US election victory

US President Joe Biden was set to address the nation on Thursday after a stinging election defeat for his Democratic Party at the hands of Republican Donald Trump, whose stunning political comeback has reverberated around the world. Biden was replaced in July as the Democrats' candidate in the race by Vice President Kamala Harris due to concerns about his mental acuity.

3:08 PM

Will work on strengthening relations with Trump-led US, says Polish PM

"If we expect certain changes or turbulence in geopolitics and the international situation, then both Europe and Poland should effectively take care of the best possible transatlantic relations," Poland's Prime Minister Donald Tusk said.

 

2:48 PM

Trump's victory prompts calls for Indian companies to be cautious on forex risks

Bankers and advisors have urged companies to manage their forex risks more prudently and proactively. The rupee dropped to an all-time low of 84.3625 to the U.S. dollar on Thursday, adding to the previous day's losses

2:18 PM

US election sees historic wins for LGBTQ, Asian, and Latino leaders

Sarah McBride, a Delaware state senator, has become the first openly transgender person elected to the US House of Representatives. Democrat Andy Kim from New Jersey became the first Korean-American elected to the US Senate, winning the seat vacated by Bob Menendez. Kim, a three-term congressman, is also New Jersey’s first Asian-American senator. Read here for more details.

 

2:10 PM

Rudy Giuliani to appear in NYC court after missing deadline to surrender assets

Rudy Giuliani will appear in a New York City courtroom on Thursday to explain to a federal judge why he hasn't surrendered his valuables as part of a $148 million defamation judgment. US District Judge Lewis Liman ordered the former New York City mayor to report to court after lawyers for the two former Georgia election workers who were awarded the massive judgment visited Giuliani's Manhattan apartment last week only to discover it had been cleared out weeks earlier.

1:27 PM

Harris allies hit out at Biden after vice president's resounding loss

The biggest onus of this loss is on President Biden, said Andrew Yang, who ran against Biden in 2020 for the Democratic nomination and endorsed Harris' unsuccessful run. "If he had stepped down in January instead of July, we may be in a very different place," Yang added.

12:36 PM

Trump team in discussions about when he should go to Washington, DC

Reports suggest that discussions are underway between President-elect Trump's team and officials about scheduling a meeting with President Biden in Washington, DC. While the meeting date isn't finalised, it may occur next week, before Biden embarks on a week-long South American tour. Biden's itinerary includes visits to Peru, Brazil, and the Amazon rainforest, with departure set for November 14.

12:24 PM

Trump, PM Modi committed to further strengthen bilateral ties: MEA

In a statement on the phone conversation PM Modi had with Trump a day ago, the Ministry of External Affairs (MEA) said the prime minister emphasised that the US leader's "spectacular and resounding victory" in the election reflected the "deep trust" of the American people in his leadership and vision.

11:58 AM

Will work with Trump administration to help bring benefits to everyone, says Sundar Pichai

“Congratulations to President Donald Trump on his decisive victory. We are in a golden age of American innovation and are committed to working with his administration to help bring benefits to everyone,” Google CEO Sundar Pichai said on Wednesday.

11:36 AM

7 out of 10 states vote for a right to abortion

Voters in 7 out of 10 states have voted for ballot amendments to establish a right to abortion in the US, according to a report by the The New York Times.

11:18 AM

US tech firms prepare for reduced antitrust enforcement, AI policy shift in Trump 2.0

On artificial intelligence, Donald Trump has vowed to rip up an executive order from President Joe Biden aimed at putting safety guardrails on the emerging technology. In antitrust, the new administration is expected to seek a lighter touch with merger oversight.

11:01 AM

Trump victory to worsen biggest selloff in Ringgit bonds since 2020

Malaysian bonds are turning vulnerable to further outflows as local yields are seen rising along with those on Treasuries with Donald Trump poised to be the next US president. The nation’s corporate and sovereign bonds saw a net outflow of 11.2 billion ringgit ($2.6 billion) last month, the most since March 2020, according to Bank Negara Malaysia data.