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President-elect Joe Biden with his wife Jill Biden waving to supporters in Wilmington, Delaware.

'Era of demonisation' is over: Biden calls for unity

President-elect Joe Biden urged Republicans to end the divisions of Donald Trump's time in the White House as he claimed a mandate to tackle COVID-19, climate change and racism. Trump is still vowing to overturn the Democrat's win in court. Follow live updates here.

A supporter of President-elect Joe Biden holds a sign referring to President Donald Trump's reality TV catchphrase.

President Biden has no option but to govern from the centre

The tight election means Joe Biden will have to run a moderate administration. That's good for America after the hyper-partisanship of the Trump years, writes Alexander Downer.

Joe Biden is likely to be the first president to inherit divided government on taking office since George HW Bush in 1988.

Biden will have one hand tied behind his back from the start

Trump is unlikely to be helpful during the 10-week transition between now and inauguration day. After that, Biden's known capacity for working with Republicans will really be tested, writes Ed Luce.

'This isn't over!': Trump supporters refuse to accept defeat

From Atlanta and Tallahassee to Bismarck, Boise and Phoenix, crowds ranging in size from a few dozen to a few thousand decried the news of Joe Biden's victory.

Denial, and resignation, from Trump and a handful of aides

Aides said the President had no plans to immediately deliver the kind of concession speech that has become traditional in past elections.

Citizen Trump will face legal woes

Donald Trump's legal woes are likely to deepen because in January he will lose the protections the US legal system affords to a sitting president, former prosecutors said.

Trump has one last chance to boost his legacy

How Trump manages his anger and self-confessed inability to accept defeat in the coming hours and days will become a crucial part of his legacy.

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AMERICA VOTES

'Welcome back America': World leaders greet Biden win

World leaders raced to welcome Joe Biden's anointment as US president-elect, with some hailing the change in the White House as an opportunity to reset geopolitics.

Scott Morrison has congratulated Joe Biden on his election victory.

Morrison keen to work with Biden on a vaccine, climate

The Prime Minister says his government is looking forward to working with the new US administration on "the world's many challenges" including a COVID vaccine and new technologies to reduce global emissions.

Donald Trump's electoral triumph sends a message about America's social inequality.

There will be a Trumpism after Trump

Despite plague, economic crisis and his own immense faults, Trump was a competitive candidate with a coalition that was more blue-collar and nonwhite than the Republican vote in 2012.

The top priorities for the Biden transition team

Joe Biden’s top priority in the 10 weeks before Inauguration Day on January 20 will be building a staff and assembling the pieces needed to tackle the coronavirus.

Harris becomes first Black woman, South Asian elected VP

The 56-year-old California senator represents the multiculturalism that defines America but is largely absent from Washington's power centres.

Companies

The pressure on Coca-Cola Europe to raise its bid continues to mount.

Fourth Coca-Cola Amatil investor says takeover offer is too low

Setanta joins Pendal, Martin Currie & Antares in saying Coke Europe's offer for Amatil is too low. The four are close to having enough shares to block the bid.

Supermarket shopper

AGM season steadies outlook for stronger 2021

Corporate Australia is back on its feet and annual meeting season has struck a positive note with the market.

Economies remain vulnerable to ongoing shocks, says Macquarie chief executive Shemara Wikramanayake.

Things can change really quickly, warns Macquarie CEO

The group believes a situation where house prices tumble 20 per cent and unemployment rises to 9.5 per cent is still a possibility.

Tim Wilson asked IFM to confirm reports Mr Michel-Verdier was paid a full severance.

'Employee payouts are private': IFM chief to Liberal MP Tim Wilson

IFM Investors has refused to tell a parliamentary inquiry how much an employee accused of sexual harassment was paid out when they left the business.

Treasury Wines wrestles $4b China problem

The Penfolds producer had a partial recovery in its share price as some investors bet that all the bad news on China had already been factored in.

'Will there be any honey for me?'

The boss of Melbourne cleaning group Transclean maintains he was not involved in any illegal activities as hearings into alleged corruption wrapped up.

These travel bubbles look promising

Dust off the passport. As Australian borders open up, international travel is once again becoming a real prospect but only to a select few destinations.

Markets

Investors are upbeat on the US election result.

Biden win, split Congress a welcome result for markets

A Biden presidency and gridlocked Congress could well provide a Goldilocks environment for markets.

ASX rallies to best week in four after US election, QE

The Australian sharemarket posted its best week in four as investors cheered the US election and the Reserve Bank's first foray into quantitative easing. 

Supermarket shopper

AGM season steadies outlook for stronger 2021

Corporate Australia is back on its feet and annual meeting season has struck a positive note with the market.

Household spending has bounced back fast

The RBA raised its forecast for household consumption to 13 per cent growth for June 2021 in Friday's quarterly statement of monetary policy, overtaking its forecast of 8 per cent made only three months ago.

Inside the RBA governor's change of heart on QE

The Reserve Bank's dramatic move into 'quantitative easing' this week might have seemed out of character for the cautious Philip Lowe. But it has been eight years in the making.

Opinion

No return to the America of old

In a society rent by deep domestic cleavages, it is wishful thinking to expect a Biden presidency to restore America's historic leadership role in the Asia-Pacific region.

James Curran

Columnist

James Curran

There will be a Trumpism after Trump

Despite plague, economic crisis and his own immense faults, Trump was a competitive candidate with a coalition that was more blue-collar and nonwhite than the Republican vote in 2012.

Ross Douthat

Contributor

Ross Douthat

Trump has one last chance to boost his legacy

How Trump manages his anger and self-confessed inability to accept defeat in the coming hours and days will become a crucial part of his legacy.

Jacob Greber

United States correspondent

Jacob Greber

What happened to the America of 1980?

When Ronald Reagan moved into the White House, the sense of national energy and self-belief across the US was so palpable you could almost taste it.

Andrew Clark

Senior writer

Andrew Clark

American democracy must now start healing itself

The United States is a sometimes unruly and deeply divided democracy. But it's also democracy that makes it attractive and unbeatable.

The AFR View

Editorial

The AFR View

Trump can't just lose, he has to quit

Elections aren’t truly over until a loser concedes. And democracies aren’t truly democracies until executive authority is transferred by – or from – a losing incumbent.

Simon Jackman

Contributor

Simon Jackman
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Politics

COVID-19. Corona Virus. The ring of steel roadblocks around Melbourne. Seen here the police roadblock on the Geelong Freeway.. Photo by Jason South.16th September 2020

Melbourne reopens to the world

After nine days of zero cases the ring fence around Melbourne has been dropped and two further stages of widespread business relaxations announced.

China widens trade sanction net to cover all fishermen

The Department of Agriculture has warned all fishermen they are in China's sights and that any product they send to Australia's biggest market could remain stranded for a fortnight or more.

NSW Premier Gladys Berejiklian has presided over a "gold standard' effort against the spread of the  coronavirus.

NSW gets the gold star for coronavirus fight: AFR readers

NSW was number one for its handling of the coronavirus pandemic, while the Northern Territory was given the wooden spoon by readers despite the Victorian outbreak.

'You will pay': Beijing ups threat to Australia

The fallout between Australia and China is escalating – Beijing has accused Canberra of behaving like America’s 'roughneck'.

Maybe what the world needs now is four years of boring

Sleepy Joe Biden might offer respite from four years of turmoil. But the close election result confirms that the populist movement that produced President Donald Trump is now firmly entrenched.

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World

Until a new generation of Republicans steps forward, Trump could position himself as the de facto leader of the party, with Republicans making pilgrimages to his Mar-a-Lago estate in Florida seeking his blessing.

Win or lose, Trump will remain a powerful force

Losing will be intolerable for Donald Trump who is almost surely to remain a powerful and disruptive force in American life after winning 48 per cent of the vote despite four years of scandal.

Senator David Perdue could be headed for another election in January.

Runoff elections will drag out US Senate fight

It's a long shot, but Democrats could win two senate seats in run-off elections in January.

'We're going to win this race', says Biden as count grinds on

Joe Biden all but claimed victory in the 2020 presidential race, declaring he has won a thumping mandate to bring the country together in order to address urgent crises including the alarming acceleration in US COVID-19 cases.

Operation Moonshot: How Europe hopes to break the lockdown cycle

As the number of COVID-19 cases mount in Britain and across Europe, governments are praying for a vaccine and trialling large-scale testing to get through the crisis.

Why this man left Goldman Sachs to head a business in Myanmar

Here's how Melvyn Pun's investment strategy has reaped profits from 'one of the fastest growing countries in the world'.

Property

Glengarry Station could make way for housing one day

Historic farm on block as $18m land bank

The historic holding has been owned for 160 years by the same family – its future, though, may be as a housing subdivision on the fringe of Melbourne.

Ashish and Simmi Kumar have just bought a townhouse in Melbourne but are yet to decide on a fixed or variable rate.

Record low interest rates give house hunters a confidence boost

The latest move by the RBA to cut the official cash rate to just 0.1 per cent this week is expected to further stimulate the property market, with house hunters given a psychological boost.

The median house price in the inner city and eastern suburbs reached a record high over the September quarter.

The eastern suburbs where house prices are rising most

Home values in the coveted area have reached a record high overall, but a few unexpected neighbourhoods have been driving the trend.

Vicinity's rent collection flatlines in September

The mall operator took received just 56 per cent of rental billings from tenants in the third quarter, but there are signs of improvement.

Phoenix flies to top national architecture award

The country's most prestigious design awards couldn't avoid the disruption of 2020. But they show the importance of buildings giving back to a community.

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Wealth

Tom Lowe, right, and his father compete at sharemarket investing.

Meet the Millennial smashing his dad at share trading

What started as a hobby for 31-year-old Tom Lowe, quickly became a friendly stockpicking competition with his dad.

SMSF trustee guide to navigating way through pandemic

With COVID-19 having moved the goalposts even more dramatically than the GFC, failure to keep up with the changes will be costly.

How in-house investments unravelled Dixon

John Wasiliev looks at what went wrong at Dixon Advisory and what happens next.

Technology

For Microsoft, the new Xbox , pictured, is a chance to redeem itself from a lacklustre performance with the current console, the Xbox One.

The Xbox Series X is the most powerful console ever – with a catch

Two new gaming units from Microsoft, set to debut on November 10, feature impressive technical advancements but few games to showcase their power.

The flying car market has been tipped to be worth $US2.9 trillion by 2040.

Why the flying car revolution is finally all set to take off

In the UK, one man is using a different strategy that he hopes will allow Britain to become the market leader in the industry that has been tipped to be worth $US2.9 trillion by 2040.

Even China's richest man Jack Ma is not immune from Chinese government control.

China halts world's biggest IPO, questions Jack Ma

China shocked global financial markets by halting the world's biggest IPO and calling in Alibaba founder Jack Ma for questioning by financial regulators.

Work & Careers

Former CFMEU national secretary Michael O'Connor has said the union is "totally dysfunctional".

CFMEU political influence at risk over loss of 'ferocious' advocate

Union leader Michael O'Connor, who has resigned, faced several no-confidence motions at national executive meetings and has been battling a poaching war led by John Setka.

60 Minutes pioneer Gerald Stone dies

Stone created a news and current affairs juggernaut that supercharged Nine's ratings and profits and changed the way we watch television.

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Life & Luxury

Nick, left, and Tom Wolfe returned to the family's berry farm in Nieka, Tasmania when the pandemic ended their performance schedule.

Adam Brand and Wolfe Brothers get back to the land

Whether it's gold prospecting or berry farming, Adam Brand and The Wolfe Brothers have been putting the 'country' back into 'country music artist' during their enforced break from touring.

Sarah Murphy and Angela Baker are among the artists opening their studios for the Design Canberra Festival.

Canberra shows off its mid-century design cred

This year's Design Canberra Festival includes tours of key mid-century buildings led by architect Michael Dysart and artists opening their studios to the public.

"My only ambition was always to be married," says author Fay Weldon.

You're never too old to divorce

At the age of 89, author Fay Weldon surprised everyone when she announced the end of her marriage.

It doesn’t seem to matter how tight the corner is, at almost any legal speed the DBS is unfazed.

Bond meets Batmobile in 'cartoon' Aston

With its bulging flanks, flared nostrils and massive wheels it may look almost like a cartoon Aston, but it's powerful and more practical than many exotics.

Chaumet transformable earrings are part of the Mirage tiara.

Prestige jewellers go large with shape-shifting creations

If you're going to fork out a king's ransom for a tiara, you may as well choose ones with the technical wizardry to transform into three.

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