Morning Briefing: Nov. 7, 2024

By Alperen Aktas

ISTANBUL (AA) – Here’s a rundown of all the news that you need to start your Thursday, including Donald Trump winning second presidency, Republicans gaining control of the Senate, Russia saying Trump's reelection will not affect America's "containment" policy and China reiterating policy of "win-win cooperation" with possible Trump administration.

TOP STORIES

• Trump wins 2nd presidency, Republicans gain control of Senate

Donald Trump won his second term as president of the United States, beating Vice President Kamala Harris 277 to 224 in the electoral college vote in the 2024 election, capping a triumphant campaign after losing the 2020 presidential election to Joe Biden.

"We overcame obstacles that nobody ever thought we could," Trump said during his victory speech in Florida. "This will truly be the golden age of America."

Trump's victory marks an historic and improbable comeback after his failure to be reelected for a second consecutive term in 2020, one in which he claimed without substantiation that the election was rigged and tried unsuccessfully to overturn the results.

• 'No illusions': Russia says Trump's reelection will not affect America's 'containment' policy

Russia said it has "no illusions" about the projected reelection of Donald Trump as US president for a second term, saying his anti-Russia stance and support for policies aimed at "containing Moscow" would likely continue.

In a statement, the ministry said Trump’s victory reflects a notable public discontent with the current administration’s policies and the Democratic Party’s platform, represented by Vice President Kamala Harris, who was unexpectedly chosen to replace Joe Biden in the race.

“Despite an overpowering propaganda campaign, which Democrats launched against Donald Trump based on the administrative resource and support from the liberal media, the Republican candidate, who relied on the experience of his previous presidency, highlighted issues that are of real interest to the electorate, namely, the economy and illegal migration, as a counterbalance to the White House’s globalist course,” the readout said.

• China reiterates policy of ‘win-win cooperation’ with possible Trump admin

China reiterated call for “win-win cooperation” with possible Donald Trump administration as the former president led the race to the White House, state media reported.

“China's policy toward the US will remain consistent,” Foreign Ministry spokeswoman Mao Ning told reporters in Beijing.

Mao added Beijing will “continue to handle China-US relations based on the principles of mutual respect, peaceful coexistence, and win-win cooperation.”

NEWS IN BRIEF

• Five Palestinian children suffered tear gas inhalation injuries after Israeli forces deployed tear gas during a raid in the town of Al-Khader in western Bethlehem in the occupied West Bank.
• Türkiye's envoy to the UN Ahmet Yildiz denounced Israel's ban on the UN agency for Palestinian refugees (UNRWA), stressing that it "must be viewed as an attack on the General Assembly itself."
• An Israeli airstrike destroyed a historic building near the ancient Baalbek Castle in eastern Lebanon.
• Democratic presidential candidate Kamala Harris lost the swing state of Michigan, where Arab and Muslim communities' votes are decisive, according to The Associated Press.
• The Palestinian envoy to the UN, Riyad Mansour, described Israel's ban on the UN agency for Palestinian refugees (UNRWA) as "long-running attempts to liquidate the question of Palestine.”
• At least 37 people were killed in Israeli attacks across Lebanon, taking the overall death toll since last year to 3,050, the Lebanese Health Ministry said.
• At least 10 people were killed, six of whom were beheaded, and over a dozen more kidnapped by armed bandits in an attack in Nigeria's north-central state..
• Ukrainian President Volodymyr Zelenskyy signed two bills on extending martial law and mobilization in the country into law.
• Palestinian resistance group Hamas said that US policies will shape its position on the new US administration.
• At least 21 more Israeli soldiers were injured in clashes in the Gaza Strip and southern Lebanon in the last 24 hours, the army said.
• Former British Prime Minister Boris Johnson was fired from Channel 4's show on the US election for "banging on about his book," the program’s co-host said.
• Spanish police announced the interception of an unprecedented 13 tones (14.3 US tons) of cocaine.
• Canadian Prime Minister Justin Trudeau congratulated Donald Trump on being elected 47th president of the US.
• Russia's Defense Ministry claimed that Russian forces took over two more settlements in Ukraine's eastern Donetsk region.
• German Foreign Minister Annalena Baerbock has congratulated Donald Trump on his projected election victory, reaffirming her country’s commitment to transatlantic partnership.
• French President Emmanuel Macron and German Chancellor Olaf Scholz have pledged to strengthen European unity after Donald Trump's projected victory in the US presidential election.
• At least 25 people were killed and 14 others injured in overnight Israeli airstrikes in central and southern Lebanon, the Health Ministry said.
• In the first such joint adventure, Taiwan and a university in Japan have launched a satellite, one bound for the International Space Station.
• As many as 89 people are still missing from deadly floods that hit eastern and southern Spain.

SPORTS

• Paris Saint-Germain fans display pro-Palestine banners during UEFA Champions League match

Paris Saint-Germain fans displayed banners in solidarity with Palestine at a UEFA Champions League match against Atletico Madrid.

Fans raised a huge banner that read: "Free Palestine" in English, and a smaller one that said, "Battle on the field but peace in the world" in French before kick-off at the Parc des Princes stadium.

The larger banner featured images of Jerusalem's iconic Dome of the Rock Mosque and the Palestinian and Lebanese flags.

BUSINESS & ECONOMY

• Russia accuses Ukraine of 'unreliability' in gas deliveries

European nations that still purchase Russian gas want shipments to continue through Ukraine, but the Russian deputy prime minister described Ukraine as an "unreliable" transit country.

Aleksandr Novak at a press conference in Moscow reaffirmed Russia's willingness to maintain gas deliveries.

However, he described Ukraine as an “unreliable” transit country, arguing that it puts dependent countries in a difficult position in terms of affordable energy supplies.

• Trump's win to boost US stock market via fiscal policies: Expert

Republican Donald Trump was elected the 47th president of the US and he is likely to adopt expansionary fiscal policies, such as tax cuts and increased spending on infrastructure, Sank Manukyan, international markets specialist at IS Investment, told Anadolu.

Manukyan stated that some movement in futures started before the Fed’s rate cut, and this gained further momentum.

He noted that the premium in bond yields increased, which signals that inflation uncertainties persist, and the concerns that the two presidential candidates would not act responsibly on budget deficits, the movement in bond markets further increased.

• Tesla shares jump after Trump's election victory

The electric vehicle giant Tesla's shares posted a significant increase following Donald Trump's election victory.

As of GMT1640, the price of the firm's share was up by around 13.3% to $284.7.

Trump is expected to implement additional tariffs on imported goods, including electric vehicles, particularly from China.