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Early voting begins in Texas with long lines in some locations

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Fitch Ratings will closely monitor the US presidential election for “any departure” from America’s history of orderly transitions of power, the ratings firm said in a report published Monday. 

The United States has a perfect AAA credit rating from Fitch in part because of its track record for strong governance, including “well-understood rules and processes for the transfer of power,” the report said.

“Fitch would view a departure from this principle negatively in considering the US rating,” the credit ratings firm said. 

Why this matters: A credit rating downgrade could cause an erosion of confidence among investors, potentially setting off turbulence in financial markets. It could also make it more expensive for the United States to finance its mountain of debt.  

For months, investors have been bracing for post-election chaos that could rattle financial markets. Those worries have been amplified by President Donald Trump’s baseless claims that the election is “rigged” because of unfounded concerns about mail-in ballots. 

How we got here: The popularity of mail-in voting due to the Covid-19 pandemic means that uncertainty over the winner of the election “could conceivably last for weeks” after the November 3 election, Fitch said.

“The challenges surrounding the voting process increase the likelihood that results at a state or national level will be disputed by one or both of the candidates or party organizations,” the report said. 

In July, Fitch lowered its outlook on the United States to negative in part because of the “ongoing deterioration” in the nation’s public finances – and the lack of a plan to address it. 

“The potential for a disputed election result reflects deepening political polarization, which could affect the next administration’s policymaking scope and how it approaches public policy decision making on key issues,” Fitch said.

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Sports

In Pictures: Khabib Nurmagomedov, the undefeated MMA champion

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MMA world lightweight champion Khabib Nurmagomedov announced his shock retirement from the sport on Saturday after revealing he promised his mother his clash with Justin Gaethje would be his last fight.

The Russian, who won by a second-round technical knockout, was fighting for the first time since the death of his father Abdulmanap, who was also his coach, in July.

“I’m the UFC undisputed, undefeated champion with a 13-0 record (in UFC), and 29-0 in all of my pro MMA career,” he said after his win in Abu Dhabi.

“Today I want to say this is my last fight. No way am I coming here without my father.

“When UFC comes to me about Justin I spoke with my mother for three days. She didn’t want me to fight without father and I said this is my last fight – and I have given her my word.

“Thank you, coach, thank you, guys. Today is my last fight in the UFC.”

Abdulmanap Nurmagomedov, 57, passed away after COVID-19 related complications in the summer.

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Seychelles opposition candidate wins presidential election

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Ramkalawan, running for the presidency for the sixth time, won 54.9 percent of valid votes cast, poll body says.

Seychelles opposition candidate Wavel Ramkalawan has won the archipelago’s presidential election with 54.9 percent of valid votes cast, upsetting incumbent President Danny Faure.

“I declare… Ramkalawan as the elected candidate,” the electoral commission chairman Danny Lucas said on Sunday.

Voters on the main islands of Seychelles cast their ballot on Saturday in presidential and parliamentary elections spanning three days.

More than 74,000 registered to take part in the polls.

The opposition, narrowly defeated in a presidential election in 2015 and buoyed by a landmark victory in a parliamentary poll a year later, won its first presidential poll in the 40 years since Seychelles gained independence from Britain.

Ramkalawan, an Anglican priest and leader of the Seychelles Democratic Alliance, was running for the presidency for the sixth time. He lost the 2015 poll by 193 votes to James Michel in an unprecedented second round of voting.

The campaign took place mainly over social media, with rallies banned due to the coronavirus.

Seychelles has recorded only 149 cases, mostly imported, but the pandemic has been a burning campaign issue as restrictions on global travel bottom out the tourism industry – a major earner for Seychelles and employer for many of its 98,000 people.

Visitor numbers have collapsed since March in the archipelago nation of 115 islands, normally a popular destination for honeymooners and paradise-seekers drawn by its fine sandy beaches and turquoise waters.

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Thousands of seals found dead at breeding colony in Namibia

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Cause of mass die-off unknown but scientists suspect pollutants, bacterial infection, or malnutrition.

An estimated 7,000 Cape fur seals have been discovered dead at a breeding colony in central Namibia.

Conservationist Naude Dreyer of the charity Ocean Conservation Namibia (OCN) began noticing dead seals on the sandy beaches of Pelican Point colony – a tourist destination known for its colony of seals and schools of dolphins – near Walvis Bay city in September.

In the first two weeks of October, he found large numbers of seal foetuses at the colony.

Tess Gridley from the Namibian Dolphin Project estimated that between 5,000 and 7,000 female seals had miscarried young with more still being found.

Last week, there was a spike in the number of dead adult females, Dreyer said.

“What we have been observing is less freshly dead seal pups and a lot of dead female adults,” he said.

Fur seals normally give birth between mid-November and mid-December.

The cause of the mass die-off is yet to be established but scientists suspect anything from pollutants or bacterial infection to malnutrition.

Some of the dead females found were “thin-looking, emaciated, with very little fat reserves”, said Gridley.

In 1994, some 10,000 seals died and 15,000 foetuses were aborted in a mass die-off that was linked to starvation suspected to have resulted from a shortage of fish as well as from a bacterial infection at another breeding colony, the Cape Cross, some 116km (72 miles) north of the central tourist town Swakopmund.

Annely Haiphene, executive director in the Ministry of Fisheries and Marine Resources,  told AFP news agency she suspected the seals died from “lack of food” but will wait for the outcome of the tests.

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