Joe Biden elected U.S. President, say media reports

Agencies
November 7, 2020

Washington, Nov 7: Democrat Joe Biden has won the White House, US media said on Saturday, defeating Donald Trump and ending a presidency that convulsed American politics, shocked the world and left the United States more divided than at any time in decades.

CNN, NBC News and CBS News called the race in Mr Biden's favor just before 11:30 a.m. (1630 GMT) as an insurmountable lead in Pennsylvania took the 77-year-old over the top in the state-by-state count that decides the presidency.

Mr Trump had no immediate reaction to the announcement, but as Mr Biden's lead grew during vote counts since Tuesday's election, the Republican president lashed out with unsubstantiated claims of fraud and claimed, falsely, that he had won.

Earlier Saturday, as he headed to his golf course in Virginia, he repeated this, tweeting: “I WON THIS ELECTION, BY A LOT!”

However, the result now condemns 74-year-old Mr Trump to becoming the first one-term president since George H. W. Bush at the start of the 1990s.

Mr Biden, who got the votes of a record more than 74 million people, was hunkered down with his running mate Kamala Harris, in his home town of Wilmington, Delaware.

Late Friday he delivered an address urging Americans to “come together as a nation and heal.”

The Secret Service has already begun intensifying its protective bubble around the president-elect, who will be inaugurated on January 20.

A centrist who promises to bring calm to Washington after four turbulent years under Trump, Mr Biden is the oldest man to win the presidency -- a position he twice sought unsuccessfully during his long political career, before being elected vice president to Barack Obama in 2008.

Ms Harris, a senator and former California attorney general, will make history as the first Black woman to enter the White House in either of the two top jobs. At 56, she is seen as a leading contender to succeed Mr Biden and try to become the first female US president.

Polarized nation, Covid crisis
 
Overall turnout on Tuesday broke records with some 160 million people pouring out across the United States after a deeply polarizing campaign complicated by the resurgent Covid-19 pandemic.

Mr Biden secured his win by recapturing the Midwestern states of Pennsylvania, Michigan and Wisconsin -- traditional Democratic territory that Mr Trump had flipped in 2016 with his powerful appeal to white, working class voters.

With Pennsylvania in the bag, Mr Biden has now accumulated 273 out of 538 Electoral College votes, clearing the bar of 270, thereby making it impossible for Mr Trump to get a second term even if he were to win the remaining undeclared states.

Mr Biden was also ahead in Arizona, Nevada and in a near dead heat in Georgia -- a southern state that has not voted for a Democratic presidential candidate since Bill Clinton in 1992 and is now headed for a recount.

Results from congressional races indicate that Mr Biden will face a divided legislature, with his Democrats holding a majority in the House and Republicans clinging to control of the Senate -- although that could still shift.

The division in Washington will likely complicate immediately Mr Biden's ability to govern, starting with disputes in Congress over a delayed economic stimulus package for Americans hammered by the fallout from the coronavirus crisis.

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News Network
November 22,2024

Mangaluru: A man fell victim to an online scam, losing Rs 1.7 crore after fraudsters posed as officials from TRAI. According to a complaint filed at the CEN police station, the incident began on November 11, when the complainant received a call from an unknown number at 9:49 am.

The caller, claiming to represent TRAI, alleged that another mobile number registered under the complainant's name was involved in illegal activities in Andheri (East), Mumbai. The caller further stated that an FIR was lodged against the complainant for harassment under the guise of marketing. He was instructed to contact Andheri (East) police station immediately or risk his mobile service being deactivated within two hours.

The complainant was subsequently connected to an individual named Pradeep Sawant, who claimed the complainant was implicated in a money laundering scheme linked to the Naresh Goyal fraud case. Sawant alleged that a fraudulent bank account under the complainant's name was opened at Canara Bank, Andheri, and used to purchase a SIM card for illegal activities. He warned that the complainant could face arrest.

Later, the complainant was contacted via WhatsApp video call by individuals posing as Rahul Kumar (a police officer) and Akanksha (a CBI officer). They allegedly sent fabricated CBI documents to his WhatsApp number. The fraudsters demanded money to "resolve" the case. Fearing threats, the complainant allegedly transferred Rs 1.7 crore through RTGS in batches of Rs 53 lakh, Rs 74 lakh, and Rs 44 lakh between November 13 and 19. A case has been registered at the CEN police station and an investigation is ongoing.

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News Network
November 11,2024

Udupi, Nov 11: A traveller reportedly lost ₹4.1 lakh after attempting to book a cab online in Udupi. 

At around 1:30 PM on November 7, the man from West Bengal searched for car rentals on Google and selected a website named "Shakti Car Rentals." Shortly after, he was contacted by someone claiming to be "Rohit Sharma," who directed him to pay a registration fee of ₹150 on the site.

After unsuccessful payment attempts via both his Canara Bank debit card and SBI credit card (without receiving an OTP), "Rohit Sharma" instructed him to pay the driver directly. But at 1:47 PM, he received messages showing deductions of ₹3.3 lakh from his SBI credit card and ₹80,056 from his Canara Bank debit card, totaling ₹4.1 lakh.

The complainant alleges fraud through a deceptive link disguised as a booking token fee. A case has been registered at Udupi Town Police Station.

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News Network
November 21,2024

adani.jpg

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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