Democrats secured a Senate majority following surprising victories in Texas and Kansas, delivering a major electoral rebuke to President Donald Trump. James Talarico defeated Ken Paxton in Texas, while Democrats flipped seats in Iowa, Kansas, North Carolina, South Carolina and Ohio. Jon Ossoff retained his Georgia seat, and Abdul El-Sayed fought to maintain the party's grip on Michigan.
In the House, Democrats flipped eight seats so far, with analysts predicting a big victory. Republicans face an uphill battle amid public anger over Trump's economic handling, particularly regarding fuel prices and the cost of living. The party's war in Iran stoked a drastic increase in living costs.
Five more top stories: The US has no immediate plans to strike Iran, as Trump played down escalation speculation. Qatar's state-owned energy company is on track to become the world's biggest buyer of US LNG by early next decade. Accenture co-authored a report about AI littered with false citations, incorrectly attributed research and non-existent case studies.
The UK Conservatives have turned to Lord David Cameron to rally supporters and boost fundraising. Oracle scrapped a multibillion-dollar chip leasing contract with Tencent after pressure from the Trump administration. From Ponzi to Fonzi: a $20bn fraud scandal rocking Turkey, where over 455,000 retail investors risk losing savings after visions of 1,000 per cent returns.
Five more top stories: The US has no immediate plans to strike Iran, Donald Trump said, playing down escalation speculation after midterms. Qatar's state-owned energy company is on track to become the world's biggest buyer of US liquefied natural gas by early next decade. Accenture co-authored a report about AI littered with false citations and non-existent case studies.
The UK Conservatives turned to Lord David Cameron to rally supporters and boost fundraising. Oracle scrapped a multibillion-dollar chip leasing contract with Tencent after Trump administration pressure. From Ponzi to Fonzi: the $20bn fraud scandal rocking Turkey.
Source: Financial Times Companies · Summarized by HeadlinesBriefing