Bolsonaro contests Brazil election, demands votes be annulled

Brazilian President Jair Bolsonaro is contesting his defeat in the October election and calling on the electoral authority to annul votes cast on most of the nation’s electronic voting machines, citing a software bug that independent experts have said didn’t affect the reliability of results.

No Red Wave, But Republicans Poised To Win House

Commentators said Wednesday that Democrats defied historical odds in the critical U.S. midterm elections as an anticipated “red wave” of Republican victories did not materialize.

Biden announces release of 15 million barrels of emergency reserve oil

President Joe Biden has announced he will release 15 million barrels of oil from America’s emergency Strategic Petroleum Reserve, a move analysts say is intended to show voters in next month’s midterm elections that he is concerned about high gas prices, USA Today reports.

Russia Furious Over UN Condemning Ukrainian Annexation

Russia has expressed anger that the United Nations general assembly condemned its annexation of Ukrainian territories and warned that admitting Ukraine into the NATO military alliance would lead to World War III. The statements came as Ukraine’s state emergency service said it is actively searching for people trapped under rubble after another Russian strike in the country’s south, while Turkey sought an opening for peace talks.

Mortgage Interest Rates Rise To Highest Level Since 2006

The average interest rate on the most popular U.S. home loan rose to its highest level since 2006 as the housing sector continued to bear the brunt of tightening financial conditions, data from the Mortgage Bankers Association (MBA) showed on Wednesday.

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