
Shares in major technology companies plunged on Wall Street on Thursday and in Asian markets on Friday, in a sell-off that wiped hundreds of billions of dollars of market value, on fears that the Democratic victory in the US midterm elections will slow the expansion of data centres and artificial intelligence. The so-called magnificent seven, including Apple, Nvidia and Tesla, together lost a trillion dollars in a single session, according to the BBC.
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Speaker of the US House of Representatives Mike Johnson, a Republican, said he will not seek to continue leading his party in the new Congress, while Vice President JD Vance blamed the Iran war for the Republican defeat in Tuesday’s midterm elections, an explanation President Donald Trump called “largely true” even as he defended the conflict.
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The Democratic Party on Tuesday regained control of both the US House of Representatives and the Senate in the midterm elections, winning in Republican strongholds such as Texas, Ohio and Kansas in a heavy blow to President Donald Trump, who will govern for the remaining two years of his term with Congress in opposition hands.
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US President Donald Trump said he accepts the results of the midterm elections, in which Democrats regained control of both chambers of Congress, and signalled willingness to negotiate with the opposition, but blamed the Republican defeat on his absence from the ballot and threatened to veto the new Congress’s legislation.
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The US dollar weakened against major currencies on Wednesday morning and gold rose more than 2% to above US$4,000 an ounce as markets assessed the Democratic victory in the midterm elections, which will give the opposition control of both chambers of Congress for the final two years of Donald Trump’s presidency.
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The United States votes on Tuesday in midterm elections in which corruption has emerged in the final stretch as one of voters’ main concerns, second only to the cost of living, according to several polls. At stake are all 435 seats in the House of Representatives, 35 of the 100 Senate seats and numerous governorships and state legislatures.
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The United States holds midterm elections on Tuesday in which the Democratic Party hopes to regain control of Congress, with the polls in its favour. At stake are all 435 seats in the House of Representatives and 35 of the 100 Senate seats, in a vote shaping up as a test of Donald Trump’s second presidency.
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Hackers stole about US$6.3 billion in cryptocurrency from Binance, the world’s largest digital asset exchange, in the biggest theft in the sector’s history, which the US Secret Service is investigating with other agencies. Blockchain analytics firms point to a hacking group linked to North Korea, though there has been no official attribution.

Pope Leo XIV has voted by mail in the US midterm elections to be held on November 3, making him the first pontiff to take part in an election in that country, the Vatican said on Friday.

Venezuela’s acting President Delcy Rodríguez on Thursday presented herself as the guarantor of democratic change in the country and promised elections organised by a “renewed” electoral authority, though she set no date. “This process can only be led by someone who knows the inner workings of the Venezuelan state deeply. I know this state and I am the right person to carry this process forward,” she said.