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Russia hosts 2-day BRICS summit in Kazan

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Russian President Vladimir Putin is hosting a summit of the BRICS inter-governmental organisation in the city of Kazan from Tuesday to Thursday.

The summit brings together 24 heads of state and government and is seen by Putin as part of an initiative to create a new world order to end the dominance of the U.S…

Prominent among the guests was Chinese President Xi Jinping.

Representatives from a total of 32 countries would attend.

The original members of BRICS are, Brazil, Russia, India, China and South Africa have been joined by the United Arab Emirates, Egypt, Ethiopia and Iran among others.

The status of Saudi Arabia is yet unclear.

Russia, which currently chairs the organisation, announced that Saudi Arabia would be accepted as a member country at the start of the year.

But there has been no confirmation from Riyadh, and Saudi Arabia would be represented at the summit by its foreign minister.

Kremlin spokesman Dmitri Peskov said Saudi Arabia’s status would be cleared up at the summit.

Turkey is to participate as an interested party.

Speaking ahead of the summit, Putin said a central aim would be promoting financial cooperation and providing an alternative to the SWIFT network, through which international payments are routed.

Many Russian banks were banned from the network after its invasion of Ukraine.

Setting up a joint bank is also on the BRICS agenda.

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Trump Victory Sparks Celebration in Florida, Disappointment for Harris Supporters

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Trump Victory Sparks Celebration in Florida, Disappointment for Harris Supporters

Jubilant supporters celebrated Donald Trump’s apparent victory in Florida early Wednesday as he claimed a return to the White House, despite most major news networks holding off on officially calling the race.

At an event in Palm Beach, Trump supporters reveled in the win projected by Fox News, cheering as the former president declared a “political victory that our country has never seen before.”

“I feel extraordinary,” said 68-year-old supporter Ted Sarvanis, dancing with arms in the air. “This is the greatest American political story in the history of the country.”

Joined by running mate J.D. Vance, Trump took the stage, celebrating his projected win. The atmosphere at the convention center was electric, with supporters sporting “Make America Great Again” caps and mingling in formal attire and Trump-themed clothing.

“I feel relieved. I was a little bit scared because you never know how things are going to turn out,” said Stacy Kurtz, 45.

In contrast, a far different scene unfolded for Vice President Kamala Harris’s supporters at Howard University in Washington, where they were hoping for a Democratic win.

As the night wore on and Trump gained electoral votes in key battleground states, disappointment swept through the crowd.

“I am scared, I am anxious now,” said Charlyn Anderson earlier in the evening.

Democratic watch parties in places like Atlanta and Pennsylvania grew somber as results rolled in, with Lynn Johnson, 65, expressing concern, “It’s going to be dangerous if he wins. I don’t feel safe.”

While Trump’s supporters celebrated a comeback, the mood among Democrats was marked by worry and disbelief.

“He’s a terrible candidate, so it just doesn’t make sense,” said Harris supporter Ken Brown.

The contrasting scenes highlighted the nation’s deep political divide on election night.

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Israel President Vows To Strengthen US-Israel ‘Ironclad Bond’ As Trump Claims Victory

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Israel’s President Isaac Herzog on Wednesday vowed to strengthen his country’s “ironclad bond” with the United States as he congratulated Donald Trump, who claimed victory in the US election.

“Congratulations to President @realDonaldTrump on your historic return to the White House… I look forward to working with you to strengthen the ironclad bond between our peoples, to build a future of peace and security for the Middle East, and to uphold our shared values,” Herzog said in a statement.

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Report says minority of German car owners buy electric vehicles

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Report says minority of German car owners buy electric vehicles

A recent report from German insurer HUK Coburg shows a sluggish transition to electric vehicles among German car buyers, indicating that a small fraction of the population is fully embracing electric cars.

According to the report, only 3.9 per cent of private car owners opted for electric vehicles both new and used during the third quarter of this year.

The report reveals that the share of battery-powered cars within the private vehicle fleet saw a modest increase of just 0.1 per cent between July and September, reaching a total of 2.9 per cent.

As the market leader in motor vehicle insurance in Germany, HUK covers nearly 14 million insured vehicles.

The company analysed data from hundreds of thousands of drivers registering vehicles annually, retroactively calculating electric car rates in the private vehicle sector since early 2020.

In spite of a broader range of electric vehicle models and technical advancements, the shift to electric vehicles this year has regressed to 2021 levels.

This particularly followed the government’s decision to eliminate purchase incentives.

The company predicts that the overall national share of electric cars may grow at a slower pace this year compared to the previous four years.

The evaluation also reveals that over one-third of previous electric car owners have chosen combustion engines for their next vehicle purchase this year, raising concerns about a potential “fundamental acceptance problem” within the market.

Meanwhile, a representative survey conducted by YouGov, involving 4,147 participants, found that 17 per cent expressed intentions to transition from combustion engines to electric motors within the next two years.

However, even if these respondents follow through on their plans, HUK’s calculations indicate that Germany would still fall short of its target of 15 million purely electric cars by 2030.

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