Foreign

Putin wins Russian presidential election with 87.97% of the vote

Published

6 months ago

March 18, 2024

Vladimir Putin was headed for another six-year term as Russian president Sunday, exit polls showed, paving the way for the hardline former spy to become the longest-serving Russian leader in more than 200 years.

Victory for the 71-year-old in the three-day vote was never in doubt, with all his major opponents dead, in prison or exiled, and authorities waging an unrelenting crackdown on those who publicly oppose the Kremlin or its military offensive on Ukraine.

The government-run VTsIOM pollster projected Putin had won the election with 87 percent of the vote after polls closed in Russia’s western-most region of Kaliningrad at 1700 GMT.

The highly-touted election was marked by a surge in deadly Ukrainian bombardments, incursions into Russian territory by pro-Kyiv sabotage groups and vandalism at polling stations.

The Kremlin cast the election as an opportunity for Russians to throw their weight behind the full-scale military operation in Ukraine, where voting is also being staged in Russian-controlled territories.

Kyiv slammed the vote as a sham and President Volodymyr Zelensky denounced Putin as a “dictator” who was “drunk from power”.

“There is no evil he will not commit to prolong his personal power,” Zelensky said in a message on social media.

– Opposition dismisses vote –
Allies of the late Alexei Navalny — Putin’s most prominent rival, who died in an Arctic prison last month — has urged voters to flood polling stations at noon and spoil their ballots for a “Midday Against Putin” protest.

His wife, Yulia Navalnaya, was greeted by supporters with flowers and applause in Berlin. She said she had written her late husband’s name on her ballot after voting at the Russian embassy.

Some voters in Moscow appeared to heed Navalny’s call, telling AFP they had come to honour his memory and show their opposition in the only legal way possible.

“I came to show that there are many of us, that we exist, that we are not some insignificant minority,” said 19-year-old student Artem Minasyan at a polling station in central Moscow.

Leonid Volkov, a senior aide to the late opposition leader who was recently attacked in Lithuania where he fled political persecution in Russia, dismissed the results published by Moscow.

“The percentages drawn for Putin have, of course, not the slightest relation to reality,” Volkov, Navalny’s former chief of staff wrote on social media.

Russia’s foreign ministry spokeswoman, Maria Zakharova, argued the long lines outside embassies abroad were evidence of support for the Kremlin.

“If the people queueing abroad to vote in the Russian presidential election had taken part in the ‘noon’ action, they would have all dispersed after noon. But no,” she wrote on social media.

– Tributes to Navalny –
At Navalny’s grave in a Moscow cemetery, AFP reporters saw spoiled ballot papers with his name scrawled across them on a pile of flowers.

Navalny, who galvanised mass protests, tried to run against Putin in the 2018 presidential election and toured Russia to drum up support, but his candidacy was rejected.

“We live in a country where we will go to jail if we speak our mind. So when I come to moments like this and see a lot of people, I realise that we are not alone,” said 33-year-old Regina.

There were repeated acts of protest in the first days of polling, with a spate of arrests of Russians accused of pouring dye into ballot boxes or arson attacks.

Any public dissent in Russia has been harshly punished since the start of Moscow’s offensive in Ukraine on February 24, 2022 and there were repeated warnings from the authorities against election protests.

The OVD-Info police monitoring group announced that at least 80 people had been detained across nearly 20 cities in Russia for protest actions linked to the elections.

The surge in Ukrainian strikes on Russia continued unabated with the Russian defence ministry reporting at least eight regions attacked overnight and on Sunday morning.

– Fatal border attacks –
Three airports serving the capital briefly suspended operations following the barrage, while a drone attack in the south sparked a fire at an oil refinery.

In Russia’s border city of Belgorod, multiple rounds of shelling killed two — a man and a 16-year-old girl — and wounded 12 more, the region’s governor said Sunday.

The governor has ordered the closure of shopping centres and schools in Belgorod and the surrounding area for two days because of the strikes.

In the Russian-controlled territory of Ukraine’s Zaporizhzhia region, where voting is also taking place, “kamikaze drones” set a polling station ablaze, according to the Moscow-installed authorities.

– ‘Difficult period’ –
Putin, a former KGB agent, has been in power since the last day of 1999 and is set to extend his grip over the country until at least 2030.

If he completes another Kremlin term, he will have stayed in power longer than any Russian leader since Catherine the Great in the 18th century.

In a pre-election address Putin said Russia was going through a “difficult period” and called on the country to be “united and self-confident.”

A concert on Red Square is being staged on Monday to mark 10 years since Russia’s annexation of Ukraine’s Crimea peninsula — an event that is also expected to serve as a victory celebration for Putin.

Foreign

Sales of US existing homes slip slightly in August

Published

12 hours ago

September 19, 2024

Austin Ojomah

By Francesca Hangeior

Sales of previously owned US homes fell in August, according to industry data released Thursday, but lower mortgage rates and growing supply were likely to boost the industry.

Existing home sales dropped 2.5 percent last month from July to an annual rate of 3.86 million, seasonally adjusted, said the National Association of Realtors (NAR).

This was largely in line with the 3.90 million consensus that analysts expected.

“Home sales were disappointing again in August, but the recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” said NAR chief economist Lawrence Yun.

Homebuyers in the United States have been grappling with a sharp rise in mortgage rates after the US central bank rapidly lifted the benchmark lending rate in 2022 to tackle inflation.

But with growing expectations that the Federal Reserve was going to pivot to rate cuts after holding rates at a decades-high level for months, mortgage rates have also shifted lower.

The popular 30-year fixed-rate mortgage averaged 6.2 percent as of September 12, according to mortgage finance firm Freddie Mac — reaching the lowest level since February 2023.

A year ago, the rate was around 7.2 percent.

On Wednesday, the Fed kicked off a process of easing monetary policy with a bold half-percentage-point rate reduction, adding to expectations that mortgage rates would fall further.

“Existing home sales fell to a 10-month low in August, but forward looking indicators like mortgage applications point to a pickup in sales in September and October,” said economist Nancy Vanden Houten of Oxford Economics.

But Oliver Allen of Pantheon Macroeconomics cautioned that a mortgage rate of six percent remains “well above the average rate of about four percent on the stock of existing mortgages.”

“So moving home and taking out a new mortgage still requires a prohibitive jump in monthly payments for most current homeowners,” he said in a note.

“As such, a constrained supply of existing homes for sale will continue to hold back sales,” Allen added.

Compared with a year ago, NAR data showed that existing home sales were 4.2 percent down in August.

The median price increased 3.1 percent from August 2023 to $416,700, with all four US regions seeing price jumps.

Yun told a media call on Thursday that although home sales are struggling, home prices remained high.

Foreign

Meta shuts down Russia’s State-media accounts

Published

1 day ago

September 19, 2024

Kayode Sanni-Arewa

Facebook parent company Meta is banning RT and other Russian state media networks from its platforms over claims they carried out covert operations to influence social media users.

The ban, which was announced on Monday, will globally block the accounts from Instagram, Facebook, WhatsApp and Threads users over the coming days.

“After careful consideration, we expanded our ongoing enforcement against Russian state media outlets,” said Meta, which already restricted activity from the accounts.

“Rossiya Segodnya, RT and other related entities are now banned from our apps globally for foreign interference activity.”

Rossiya Segodnya runs news brands including Sputnik and Russian news agency RIA Novosti.

RT had responded to Sky News agency that Meta “censoring information flow to the rest of the world”

“Don’t worry, where they close a door, and then a window, our ‘partisans’ (or in your parlance, guerrilla fighters) will find the cracks to crawl through,” their spokesperson said.

“It’s cute how there’s a competition in the West – who can try to spank RT the hardest, in order to make themselves look better,” they added.

The Kremlin said Meta was “discrediting itself” by banning the networks from its platforms.

Spokesman Dmitry Peskov said: “Such selective actions against Russian media are unacceptable.”

He added the move complicated prospects for Moscow normalising relations with the company.

The ban comes after the United States filed money-laundering charges earlier this month against two RT employees for what officials said was a scheme to hire an American company to produce online content to influence the 2024 election.

US Secretary of State Antony Blinken said on Friday that countries should treat the activities of Russian state broadcaster RT as they do covert intelligence operations.

“We’re exposing how Russia deploys similar tactics around the world,” Mr Blinken said.

“Russian weaponisation of disinformation to subvert and polarise free and open societies extends to every part of the world.”

In July, the US Department of Justice shut down nearly 1,000 social media bot accounts it said were created to spread Russian disinformation in the US.

It linked the accounts to RT, a state-owned broadcaster, accusing one of their senior employees of creating the bot farm which was used to “advance the mission of the FSB and the Russian government”.

When the media company was asked for a response to those allegations, RT replied: “Farming is a beloved pastime for millions of Russians.”

Foreign

Kamala Harris reacts to Trump’s assassination attempt; Says, ‘I am glad he is safe’

Published

3 days ago

September 17, 2024

Kayode Sanni-Arewa

Following the second assassination attempt of Former President Donald Trump in the Florida golf course ahead of the US Presidential elections, US Vice President Kamala Harris stated,‘ I am glad he is safe’. The shooting took place at Trump’s golf course in West Palm Beach, Florida. After the news broke out, Kamala Harris shared a post on the social media platform X (formerly Twitter) and said there is no place for violence in America.

“I have been briefed on reports of gunshots fired near former President Trump and his property in Florida, and I am glad he is safe. Violence has no place in America,” she wrote on X (formerly Twitter).

I have been briefed on reports of gunshots fired near former President Trump and his property in Florida, and I am glad he is safe. Violence has no place in America.
— Vice President Kamala Harris (@VP) September 15, 2024

According to the White House, both the Vice President Kamala Harris and President Joe Biden have been informed about the security incident of the Former President when he was golfing on Sunday and are both “relieved to know” that Donald Trump is safe, reported CNN.

“The President and Vice President have been briefed about the security incident at the Trump International Golf Course, where former President Trump was golfing. They are relieved to know that he is safe. They will be kept regularly updated by their team,” stated the White House.

Meanwhile, the suspect involved in Sunday’s shooting incident at Trump’s Florida Golf Course has been taken into custody, CNN reported, citing a Facebook post from the Martin County Sheriff’s Office in Florida.

Meanwhile, a suspect, who, according to the officials, is connected to Sunday’s shooting incident at Trump’s Florida Golf Course, has been taken into custody, CNN reported, citing a Facebook post from the Martin County Sheriff’s Office in Florida.

The sheriff’s office “has stopped a vehicle and taken a suspect into custody,” the post said. According to the office, a portion of Interstate 95 close to State Route 714 in Martin County is closed. Trump is “safe following gunshots in his vicinity,” the Trump Campaign said in a statement on Sunday, CNN reported.