The Economic Times

Europe's far-right leaders have begun distancing themselves from Donald Trump after Republicans' losses in the US midterm elections, citing the Iran war, rising energy prices and cost-of-living pressures. While some avoided directly criticising Trump, analysts said his declining popularity could turn ties with his MAGA movement from an electoral advantage into a liability.

Indian-American Congressman Suhas Subramanyam recently won re-election in Virginia's 10th Congressional District. He pledged to address concerns about rising costs, healthcare cuts, and federal workforce reductions. Subramanyam committed to ending forever wars and fighting unnecessary tariffs to lower costs.

Mary Peltola is a Democratic politician from Alaska. She made history in 2022 by becoming the first Alaska native and first woman elected to represent the state in the US House. She served in Congress from 2022 to 2025. She lost her re-election bid in 2024 to Republican Nick Begich. In January 2026, she announced her decision to challenge Republican Senator Dan Sullivan.

US House Speaker Mike Johnson is stepping aside from Republican Party leadership after the party's defeat in the midterm elections, declining to seek support for the minority leader's post in the new Congress. His decision sets up a contest between Steve Scalise and Jim Jordan, while Democrats prepare to nominate Hakeem Jeffries as speaker.

JD Vance, the Vice President, articulated that the tensions involving Iran were a major factor in the financial setbacks for Republicans. He observed that a segment of former Trump loyalists has shifted their allegiance to Democrats during the midterms, driven largely by economic anxieties, especially regarding the escalating cost of living.

Tesla stock (TSLA) fell as Democrats midterm victories raised concerns about AI data center expansion, particularly in Texas. Analyst Dan Ives warned that political hurdles could slow planned projects, while Elon Musk floated the idea of space-based data centers as investors weighed the outlook for his AI ambitions.

U.K. Culture Secretary Lisa Nandy plans to intervene in the 1.6 billion-pound deal between Sky and ITV. She aims to introduce new public interest considerations that reflect modern viewing habits. The Competition and Markets Authority will review the takeover for competition concerns. Nandy expects a report addressing media public interest by January 27, which may lead to further investigation. The deal aims to strengthen competition against global streaming companies.

Democrats won control of Congress in the 2026 midterms, putting Donald Trump on the defensive. Voters frustration over prices and the Iran war made it harder for Republicans to defend the administrations record.

The 2026 midterm elections have led to a significant shift in power dynamics within Congress. Democrats have secured control of both the House of Representatives and the Senate during this election. This change means increased scrutiny of the Trump administration and potential challenges to its legislative agenda. Historical precedents show how midterm elections reshape presidential power and influence national policy debates.

World leaders welcomed the Democrats' gains in the US midterm elections, hoping the setback for Donald Trump's Republicans could ease tensions over Washington's foreign policy. However, European and other allies cautioned that the results may not change Trump's approach to Iran, Ukraine, tariffs or NATO, as the president retains considerable freedom in foreign affairs.

US stock market today: US stocks rallied sharply on Wednesday after Democrats won control of Congress. The Dow Jones jumped 1,143 points, while the S&P 500 and Nasdaq also posted strong gains. Healthcare stocks attracted fresh buying, with Molina Healthcare, Centene and HCA Healthcare rising around 6% to 7%. Amazon and solar stocks also climbed, while Nvidia shares moved lower.

Chinese genetic sequencing firm Novogene has initiated legal action against the Pentagon over its military designation. Novogene was added to a list of companies alleged to be supporting Beijing's military as of June. This designation prohibits the Defense Department from directly contracting with these firms, including Alibaba and Baidu. Other Chinese companies have also pursued legal recourse against the Pentagon regarding similar designations.

Abdul El-Sayed, a Democratic Senate candidate from Michigan, is gearing up for a showdown against Mike Rogers this November. With roots tracing back to Egypt through his father, Mohamed El-Sayed, and a background in public health initiatives in Detroit, he brings valuable experience to the table. Living in Ann Arbor with his wife and two daughters, he adeptly juggles his family life while pursuing his political dreams.

In the 2026 midterms, Democratic candidates saw increased support from various demographic groups, including young and Hispanic voters. Young voters under 30 mostly supported Democratic candidates compared to their previous split in 2024. Hispanic voters shifted back to Democrats, particularly evident in the Texas Senate race. Black voters, especially Black men, also returned to support Democrats after previously backing Trump.

Abdul El-Sayed completed his medical degree at Columbia University in 2014. He earned a doctorate in public health from Oxford University in 2011 as a Rhodes Scholar. In 2015, he became director of the Detroit Health Department. He later served as director of the Wayne County Health Department between December 2022 and April 2025. He has also worked as a podcast host, author and consultant.

Data centre stocks fall after Democrats win Congress, but solar shares jump 10% as US election results shake up energy outlook. Texas and Georgia are two important locations for the industry. Both elected Democratic candidates in the midterm elections. Democrats also made gains in traditionally Republican areas, including Kansas.

Republicans attempted extensive redistricting in multiple states to gain an electoral edge in the midterm elections. However, these strategies did not yield the expected results, especially in key states like Florida and Texas. Many targeted candidates lost their races, highlighting voter dissatisfaction with the Republican party's direction.

Washington: The US trade deficit contracted slightly in September, government data showed on Wednesday, hovering close to its widest since March 2025, driven by capital and consumer goods imports and strong exports.The trade gap in the world's largest economy decreased by 0.6 percent to $105.0 billion, according to Commerce Department data.Track US Senate Elections Result 2026 Live Updates hereThis was below the $107.7 billion projected in a consensus forecast released on Marketwatch.US trade fl

Bitcoin price (BTC USD) today after midterm elections: Bitcoin rebounded to around $78,000 after falling below $76,000 as investors assessed the impact of Democrats winning control of Congress. Concerns over crypto regulation, ETF outflows and the Binance hack continue to weigh on sentiment, while analysts are watching $79,000 for signs of a stronger recovery.

Global businesses expect limited immediate changes following Democrats' takeover of the US Congress, as high energy and raw material costs, inflation and strained consumer spending continue to weigh on operations. While some executives welcomed prospects of political stability, companies remain uncertain about tariffs, AI regulation and trade policies, amid fears of Washington gridlock.

Tesla and SpaceX shares fell in premarket trading on Wednesday, Nov. 4: Todays US stock futures pointed to a strong Wall Street opening, with Dow futures up nearly 800 points and S&P 500 and Nasdaq futures also in the green. However, Tesla and SpaceX moved in the opposite direction, falling more than 5% and nearly 8%, respectively, in premarket trading after the Democratic midterm victory. Alphabet, Meta and Microsoft gained, while Nvidia slipped slightly.

Democrat James Talarico won a Senate seat in Texas by defeating Republican Ken Paxton in the elections. This victory marks the first time in 38 years that Texas has elected a Democrat to the Senate. Talarico plans to focus on issues like the cost of living and corruption during his term. Ted Cruz, who was not part of these elections, will continue serving in the Senate until January 2031.

US Democrats' recent midterm election victories could influence global relations, especially concerning Iran and Israel. The potential for a peace deal with Iran seems viable as US voters oppose prolonged conflicts. In Ukraine, Democrats may propose increased financial and military aid, which could face delays. Additionally, Asian countries may reconsider investment pledges to avoid tariffs in light of these outcomes.

Democrats are set to take control of the House and Senate after the 2026 midterm elections. President Donald Trump still has the power to veto their bills. This could be a test for Democats on how they handle that power and bring policies which could shape their pitch to voters in 2028.

Massachusetts ballot questions 2026 results are out and voters have rejected midterm elections attempt to repeal the legalization of Marijuana.

Protests by garment workers in Bangladesh have persisted for five days due to demands for higher wages. Authorities have deployed additional paramilitary forces to manage the ongoing unrest in various industrial areas. BNP activists are actively attempting to maintain order while claiming infiltrators from the disbanded Awami League are causing chaos. A special tribunal has established a Wage Board to address worker concerns regarding compensation.

In an innovative move, decommissioned subway cars were submerged off the Jersey Shore, transforming them into artificial reefs. These underwater habitats not only shelter marine life but also enhance biodiversity in the region. Research shows that fish and invertebrates flock to these structures shortly after their installation. However, concerns have emerged regarding potential sinking and contamination, highlighting the complexities of turning waste into environmental assets.

Midterm elections results Senate: Donald Trump could face a third impeachment after Democrats won control of both chambers of Congress in the November 3 midterm elections. Prediction-market odds of impeachment surged following the results, while Republican Senator Ted Cruz warned of investigations and repeated impeachment efforts.

Democratic Senator Mark Warner triumphantly secured re-election in Virginia, achieving a noteworthy win against Republican contender Bert Mizusawa. Garnering roughly 61% of the votes, Warners's performance eclipsed Mizusawa's 38.8%. Additionally, the Democratic Party enjoyed victories in numerous congressional districts across Virginia, showcasing a promising landscape. Meanwhile, the state legislature remains intact, with Democrats maintaining a stronghold in both chambers.

Xavier Becerra was born in Sacramento, California. His father was born in Sacramento and raised in Mexico, while his mother was born in Mexico. He attended Stanford University, where he earned an undergraduate degree and later a law degree. His political journey started in California. In 1992, he was elected to the US House of Representatives.

Iran's supreme leader, Mojtaba Khamenei, expressed that the Middle East conflict may escalate if US attacks continue. Trump's political defeat in the midterms may limit his military options, yet he retains authority to strike. Iran's leadership is emphasizing the outcome of the elections as a rejection of war by the American public. Diplomatic discussions are ongoing, aiming to prevent further hostilities between Iran and the US.

Iran's leaders praised the midterm election results in the US, interpreting them as a rejection of Trump's wartime decisions. The Democratic victories were seen as evidence of American frustration with rising gas prices driven by ongoing conflict. Concerns remain in Tehran about potential military actions from Trump following his electoral defeat. Iran is preparing for possible retaliations should hostilities resume in the region.

Elon Musk's nearly $500 million campaign to support Republicans failed as Democrats reclaimed both chambers of Congress and flipped Texas' governorship. The results could expose his businesses, including SpaceX and Tesla, to greater congressional scrutiny, tighter data-centre regulations and potential hurdles for expansion plans under incoming Texas Governor Gina Hinojosa.

Off the coast of South Carolina, the innovative use of steel shipping containers as artificial reefs is becoming increasingly popular. By repurposing these structures, diverse fish species gain new habitats while supporting eco-friendly waste management. The Army National Guard collaborates with the South Carolina Department of Natural Resources, ensuring that only non-toxic materials are employed in this initiative, which significantly mitigates habitat destruction in marine ecosystems.

Texas Democrats achieved notable victories in recent elections, securing several key state economic offices historically held by Republicans. James Talarico and Gina Hinojosa were among the candidates who won in high-profile races against longstanding officials. The election results reflect a shift in voter sentiments, particularly among Latino communities affected by immigration policies. This success was attributed to grassroots campaigning focused on economic issues rather than cultural debat

Democrats secured control of both the House and Senate in the 2026 midterm elections. However, Donald Trump remains the President, maintaining authority over the executive branch. Congressional control does not grant Democrats the power to pass legislation without bipartisan support. Additionally, Trump retains the ability to veto any bills passed by Congress. Going forward, increased investigations may occur, but significant changes face substantial constitutional barriers.

Concerns about the war's effects, particularly frustration over rising prices for fuel and other goods in the U.S., helped Democrats win control of both chambers of Congress in Tuesday's vote.

Thousands participated in an anti-American rally in Tehran following the recent US midterm elections. Demonstrators chanted slogans and displayed banners denouncing the US and Israel, highlighting ongoing tensions. Iranian officials connected the results of the elections with the rising cost of living and the conflict with Iran. The annual event commemorates the 1979 takeover of the US embassy in Tehran.

Benjamin Netanyahu's political opponents see Democrats' midterm election win as a sign of waning US support for Israel. They believe his alliance with Republicans has jeopardised Israel's bipartisan backing historically. Critics like Yair Lapid argue that his continued leadership endangers Israel's security and global standing. The formation of the next government remains uncertain as coalition negotiations unfold.

The US midterm elections involve winning specific congressional seats to control political power in Washington. A total of 435 voting seats exist in the House and the majority threshold is 218. The Senate has 100 seats, with 51 needed for a majority, though 60 votes are required for most legislation. Democrats secured control of both chambers during the 2026 midterms, shifting the balance of power.

Pakistan is evaluating the possibility of pursuing international arbitration against UAE-based Etisalat over an outstanding payment. The amount in question is USD 800 million related to the sale of PTCL shares since 2005. Although most properties were transferred, some remain untransferred, leading to the unresolved dispute. Efforts to resolve the issue amicably have been made since 2015.

Voters in several traditionally Republican states supported Democratic candidates in recent elections. Kansas and South Carolina elected Democrats to the Senate for the first time in decades. Texas saw a sweeping victory for Democrats across various statewide positions, marking a significant change. In Iowa and Ohio, Democrats also secured important gubernatorial and Senate wins, showcasing a broader trend.

China has reacted carefully to the Democratic Party's gains in the recent US midterm elections. The Chinese Foreign Ministry stated that it remains committed to cooperation with the US despite political changes. Chinese President Xi Jinping and US President Donald Trump have met twice this year to enhance strategic stability. Beijing is also discussing a potential trilateral meeting with the US and Russia at the upcoming APEC summit.

In Michigan's 2026 elections, the Democratic party celebrated key wins, highlighted by Abdul El-Sayed's triumph in the Senate race. A former public health official, El-Sayed champions universal healthcare and aims to limit external influences in politics. Jocelyn Benson claimed the governorship, taking over from Gretchen Whitmer after a notable 2020 election defense.