Thursday, March 12

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US elections live: Joe Biden promises peaceful transition of power
World News

US elections live: Joe Biden promises peaceful transition of power

Donald Trump. Photo: CHIP SOMODEVILLA / Getty Images via AFP United States President Joe Biden has addressed the nation after Republican Donald Trump stormed to victory in the presidential elections. Projections have Trump returning to the White House after clinching a number of battleground states in the country's east. Biden said he hoped for a smooth and peaceful transition to the new administration. On Thursday, Democratic nominee Kamala Harris called Trump to concede the race. The impact of Trump's election on New Zealand includes household finances and protectionist trade policies. Follow all the action with RNZ's liveblog: Source link
‘Huge surge’ in U.S. abortion pill demand after Trump’s election win – National
Politics

‘Huge surge’ in U.S. abortion pill demand after Trump’s election win – National

Within hours of Donald Trump’s presidential victory, Americans began looking to stockpile reproductive health medications, including emergency contraception and abortion pills, amid widespread fears that his administration could restrict access to these essential resources. The abortion pill mifepristone — sold as Mifegymiso in Canada and Mifeprex in the U.S. — has been flying off the shelves, with online retailers reporting a surge in demand as people take proactive steps to safeguard their reproductive autonomy, explained Elisa Wells, co-founder of Plan C, a U.S. public health initiative that helps facilitate medication abortion.“Prior to the election results coming out, earlier this month, we had 4,500 visitors per day. Yesterday, we had 82,900 visitors. It’s a huge surge in people look...
Pompeii DNA evidence suggests victims not as they seemed | World News
Business

Pompeii DNA evidence suggests victims not as they seemed | World News

Some of the victims buried in Pompeii following the eruption of Mount Vesuvius have been wrongly identified, new evidence suggests.Researchers used DNA testing on 14 casts of victims found in the ruins of the Roman city destroyed in 79 AD. Using DNA taken from fragmented skeletal remains, they concluded an adult holding a child and wearing a golden bracelet, long thought to have been a mother, was actually a man unrelated to the child.It was one of several surprises in what had become known as "the house of the golden bracelet".Nearby were the bodies of another adult and child thought to be the rest of their nuclear family. But DNA evidence showed all four were male and not related to one another. Image: Pompeii, a buried and ruined Roman city...
Thousands under evacuation near Los Angeles as wildfire torches homes
World News

Thousands under evacuation near Los Angeles as wildfire torches homes

Los Angeles County firefighter battles flames as a home burns from the Mountain Fire on 6 November 2024 in Camarillo, California. Photo: AFP / David McNew By David Swanson and Kanishka Singh, Reuters Over 10,000 people were ordered to evacuate communities northwest of Los Angeles as fierce seasonal winds drove a wildfire down tinder-dry hillsides into ranches and homes, authorities have said. Firefighters and police cleared residents from neighbourhoods near Camarillo before homes were set ablaze by embers blown 3.2 kilometres from the fire front, Ventura County fire department Captain Tony McHale said by phone from near the blaze. "It's like trying to put out a blowtorch with a squirt gun," said McHale of the fire which began in a hillside canyon, then tore west, driven by Santa Ana wi...
‘No rush’ for snap election in Canada after Trump win, experts say – National
Politics

‘No rush’ for snap election in Canada after Trump win, experts say – National

As the dust settles on the U.S. election and the world prepares for another Donald Trump presidency, Canadians may be wondering whether it raises the odds of a snap election here. That’s not likely, experts say.Canada’s next federal election is scheduled for the coming year and must happen no later than October 2025.However, the possibility of an earlier election has been raised with recent attempts by the Conservatives to topple the Trudeau government as well as the collapse of the NDP-Liberal deal.Trump’s election win comes at a time when support for Prime Minister Justin Trudeau and his Liberal minority government has recently hit a “new low,” according to Ipsos polling exclusive to Global News in September after more than a year of trailing the Conservatives by double digits. S...
US interest rate falls for second time in four years | Money News
Business

US interest rate falls for second time in four years | Money News

The US central bank has cut interest rates for the second time in a row as the independent agency's future becomes uncertain under a second Donald Trump presidency.The Federal Reserve, known as the Fed, has brought rates down to 4.5% to 4.75%. Unlike the UK, the US interest rate is a range to guide lenders rather than a single percentage. But as is the case with the UK, it's only the second time in more than four years the US regulator has cut rates.Rates have been dropped as inflation fell to 2.4%, not far off the Fed's 2% target, and the weakest jobs report of the Biden administration was posted in September. The regulator is tasked with both maintaining price stability and maximum US employment.The cut also comes after US recession fears in August sparked a global stock market sell-off....
How Trump win could affect your bank balance
World News

How Trump win could affect your bank balance

Donald Trump. Photo: JIM WATSON As the world digests the impacts of Donald Trump's second election victory, some people have started to ask what it might mean for New Zealand. Commentators say there are a few clear ways our economy - and household finances - could be affected. Cheaper goods (sometimes) Trump has talked about tariffs across the board on imports, but particularly on Chinese imports. While that may be a concern for our exporters - the US is the second-largest export market for New Zealand after China - New Zealand consumers could see some impacts, too. Kelly Eckhold, chief economist at Westpac, said there was still uncertainty about the extent to which Trump would follow through on some of the more "hyperbolic" things he had said. "To the extent to which he gets involved ...
Biden vows to ‘make every day count’ before leaving White House to Trump – National
Politics

Biden vows to ‘make every day count’ before leaving White House to Trump – National

U.S. President Joe Biden on Thursday urged Americans to “bring down the temperature” and vowed to “make every day count” for the remainder of his term before handing control of the White House, and the country, to president-elect Donald Trump next year. Speaking for the first time since his fellow Democrats suffered a crushing defeat to Trump in Tuesday’s U.S. election, Biden sought to both console Americans disappointed in Vice-President Kamala Harris’s loss and defend his legacy, despite voters delivering a strong rebuke to his presidency.“We’re leaving behind the strongest economy in the world,” Biden said in his brief remarks from the Rose Garden outside the White House, addressing his cabinet and staff. “I know people are still hurting, but things are changing rapidly.“Together, we’ve...
Conor McGregor: Woman allegedly raped by MMA star denies CCTV ‘contradicts’ account | UK News
Business

Conor McGregor: Woman allegedly raped by MMA star denies CCTV ‘contradicts’ account | UK News

A woman who alleges she was raped by MMA star Conor McGregor has denied that CCTV footage from the day in question "flatly contradicts" her account.In an emotional morning of cross-examination, the woman's version of events were questioned by McGregor's counsel, Remy Farrell SC. In CCTV footage played to the court, dated after the time of the alleged rape, McGregor is seen getting into a lift with the woman, his co-defendant James Lawrence, and the woman's friend.It appears to show the woman getting close to McGregor, in an act his lawyers say was a hug, and also appearing to kiss him on the arm.The woman told the court that it was "very disturbing" for her to watch the footage. She said: "I'm very drunk, I'm stumbling. It's not my character. I'm very vulnerable and I don't want to have to...
Why bitcoin has hit a record, and what Trump’s win means now
World News

Why bitcoin has hit a record, and what Trump’s win means now

Bitcoin was up 11 percent in a day on Thursday morning. Photo: Jakub Porzycki / NurPhoto / NurPhoto via AFP The price of bitcoin has surged and one New Zealand fund manager says many factors point to it continuing to rise. US president-elect Donald Trump has spoken as part of his re-election campaign about wanting to make the country the "crypto capital" of the planet. Bitcoin was up 11 percent in a day to NZ$128,110 or US$76,132 on Thursday morning. Dogecoin, which is a favourite of Trump supporter Elon Musk was also up almost 20 percent. Rupert Carlyon, founder of KiwiSaver provider Koura, which offers a crypto fund, said he expected prices to continue to rise. "Trump has been pretty clear he will support the industry, the US government will stop selling, he's going to undo a whole lo...