Financial Times

European Union countries plan to significantly increase their defence spending, as heightened geopolitical tensions follow the recent US election outcome.

Bitcoin has reached a record high of $80,000 as traders speculate on supportive policies from the Trump administration, with expectations of looser regulations benefiting cryptocurrencies.

US stock markets are experiencing significant growth, raising concerns among experts about a potentially overheating economy due to fears of inflation and the possible reversal of trends under certain policies.

Joe Biden called on Americans to reduce political division and promote unity, urging acceptance of the election results and emphasising the importance of a smooth and peaceful transition of power.

Donald Trump has achieved a significant political comeback by defeating Kamala Harris in the presidential election, raising questions about the future of America’s democracy and international alliances, while global markets react to concerns over tariffs.

The United States presidential election has concluded with a close contest between Harris and Trump, and both candidates are expressing confidence in a favourable outcome as the world keenly observes the unfolding results.

Kamala Harris is gaining support following a favourable poll in a traditionally Republican state, while Donald Trump is focusing on garnering votes from Puerto Rican communities amid contentious remarks from his supporter.

China’s enhanced tax scrutiny, focusing on corporate self-inspections and targeting affluent individuals, is raising concerns about investor confidence amid a declining property market and reduced government revenue.

In the run-up to the election, there is a focus on the weak job creation figures in the US, as only 12,000 new roles were added amidst challenges such as storms and strikes, while the current administration insists that the data remains robust.

Investors are reacting to the demands on debt outlined in the latest Budget, resulting in increased borrowing costs as gilt yields rise amid a fall in sterling value.