World News

Paraguay President Santiago Pena resigns following bank collapse

Paraguay's President Santiago Pena resigned after regulators seized Ueno Bank over risky lending, triggering protests, depositor panic and an impeachment debate.

Saudi Arabia extends $3 billion financial support facility for Pakistan

Saudi Arabia has extended its $3 billion financing facility for Pakistan, while Islamabad is seeking loan rollovers from China and Kuwait to meet its external financing needs.

Will return from exile in December at any cost: Bangladesh ex-PM Hasina

Sheikh Hasina has told the AP she plans to return to Bangladesh from India in December, despite a death sentence over the 2024 crackdown on protesters and the risk of arrest.

Tesla and SpaceX lose $130 billion as Democrats sweep Texas elections

Tesla and SpaceX shares fell 3.3% and 3.8%, respectively, wiping out nearly $130 billion in combined market value as Democratic victories in Texas raised political and regulatory risks for Elon Musk's

Democrats flex congressional majorities as Trump accepts electoral losses

Democrats have taken control of both chambers of Congress after sweeping midterm gains, setting up a legislative showdown with Trump as voters voice anger over the Iran war and rising living costs.

Bank of England raises rates for first time since 2023, says more may come

The BoE raised its key rate to 4% from 3.75%, warning that further hikes may be needed if the US-Iran conflict keeps energy prices elevated.

France faces fresh wave of protests amid deepening budget deadlock

The country's main unions from the public and private sectors have called for a nationwide mobilization, bringing together disparate sources of anger, including the grassroots Yellow Vest movement

Midterms are bad for incumbents, even worse when energy prices are high

Midterm elections have historically been difficult for incumbent presidents and often shift the balance of power in Washington DC

US midterms: Only one town out of dozens voted in favor of data centres

A backlash against data centres emerged as key theme in the US midterm elections, with voters supporting local restrictions in dozens of towns, while Harwood, North Dakota, proved a notable exception

GOP infighting erupts after midterm rout as 2028 hopefuls target Trump

JD Vance, Ron DeSantis and Ted Cruz joined other Republicans in criticising the party's direction after sweeping election losses, setting the stage for a battle over its future and the 2028 presidenti

Moderate Democrats increase their numbers and clout in new Congress

Victories by moderates in competitive or Republican-leaning states and districts paved the way for large new Democratic majorities likely to be shaped by their priorities

Bangladesh garment factories close as workers clash with police in protests

Hundreds of factories remained shut after days of protests disrupted the country's garment industry, which earns about $40 billion a year from exports

Trump admits Iran war led to poll loss, but says would 'do it again'

The president insisted that the US would have done nothing different as far as the war was concerned

Vance tries to distance himself from Iran war after GOP loses in midterms

Vance, who has said he would decide after the election whether to run for president in 2028, issued a lengthy social media post blaming the unpopular conflict with Iran for the GOP's drubbing

Samosa Caucus set to regain heft as Democrats win control of US House

The Samosa Caucus is an informal group of Indian American lawmakers

Incredible to see blue wave: Mamdani on Democrats' sweeping midterm polls

Mamdani said the result was a referendum on politics at large across America

Trump's many moods as midterm election results throw up 'blue wave'

It was a tough election night for US President Donald Trump as he lashed out at Republican candidates and even the media for the political reversals in the midterm elections.

Trump ducks blame for Republican losses in a familiar pattern for him

Republican losses swept Democrats into control of Congress with a wave of Senate victories that once seemed far-fetched in GOP strongholds

Oil prices plunge 10% as US midterm results raise hopes of Iran war's end

Brent crude plunged 10 per cent to a two-month low as investors bet that Democratic gains in the US midterm elections could accelerate efforts to end the Iran war and ease oil supply pressures

US midterm results unlikely to bring immediate H-1B visa relief: Lawyers

Immigration lawyers say the US midterm results could strengthen congressional scrutiny of Trump's visa restrictions, but immediate relief on H-1B visas and PERM rules remains unlikely.