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Best Buy lowers outlook as tariff worries and weak sales hit business

NEW YORK CITY, New York: Best Buy, the biggest electronics store chain in the U.S., has lowered its forecast for the year. The company is seeing lower profits and flat sales as customers are worried about the economy and ongoing tariff issues.

The company said it expects tariffs to stay at current levels and customer behavior to remain the same for the rest of the year.

US vows support for Indo-Pacific against China's rising pressure

SINGAPORE: On May 31, U.S. Defense Secretary Pete Hegseth told America's Indo-Pacific allies that they would not be left alone to deal with China's growing military and economic pressure.

He promised that the U.S. would strengthen its defense presence in the region and asked these countries to increase their defense efforts.

Hegseth said the U.S. is concerned about China's aggressive actions, especially t

Trump accuses China of violating Geneva trade truce on tariffs

WASHINGTON, D.C.: Tensions reignite in the U.S.-China trade truce after President Donald Trump accused Beijing of violating a recent deal to pause escalating tariffs and trade restrictions, particularly those involving critical minerals.

"China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!" Trump posted on Truth

U.S. and global economies facing challenging times

NEW YORK CITY, New York: Weak U.S. manufacturing data, renewed tariff concerns, and rising oil prices are giving investors plenty to digest.

A report from the Institute for Supply Management showed U.S. manufacturing shrank more than expected in May, raising concerns about the sector's outlook amid trade uncertainty.

"The impact of ever-changing trade policies of the current administration has wreaked hav

TikTok challenges Ireland's ruling on data transfers to China

DUBLIN, Ireland: TikTok is asking the High Court to stop a decision that could block the transfer of user data to China within six months. This decision was made in early May by Ireland's Data Protection Commission (DPC).

On May 2, the DPC announced the result of its investigation into whether TikTok Technology Ltd. was following the law when it sent user data from the European Economic Area (EEA)—which in

European firms cut spending amid economic slowdown in China

BEIJING, China: European companies are spending less and cutting back on investment plans in China because the Chinese economy is slowing down, and strong competition is pushing prices lower. This is based on an annual survey released this week.

These companies' problems are part of bigger troubles in China's economy, which is suffering from a long-lasting real estate crisis that has made people spend less. At t

Officials probe impersonation of White House Chief of Staff

WASHINGTON, D.C.: U.S. federal officials are looking into an attempt by someone who pretended to be White House Chief of Staff Susie Wiles, according to a report by The Wall Street Journal.

The report says Wiles told people she knew that her personal phone contacts were hacked, allowing someone to pretend to be her and access private phone numbers. The hack affected her phone, not her offic

China's homegrown 9-valent HPV vaccine expected to boost immunization coverage

BEIJING, June 5 (Xinhua) -- China's drug regulator has approved the country's first domestically developed 9-valent human papillomavirus (HPV) vaccine, ending over a decade of foreign dominance in the market.

The vaccine, Cecolin 9, has been included on a list of approved medical products that was made public by the National Medical Products Administration on Wednesday.

"The approval of Cecolin 9 not only o

#(SpotNews) CHINA-YUNNAN-ERYUAN-EARTHQUAKE-RESCUE (CN)

(250605) -- ERYUAN, June 5, 2025 (Xinhua) -- Rescuers set up temporary shelters at Baicao Village of Eryuan County in Dali Bai Autonomous Prefecture, southwest China's Yunnan Province, June 5, 2025.

A 5.0-magnitude earthquake struck Eryuan County at 4:31 a.m. Thursday (Beijing Time), according to the China Earthquake Networks Center (CENC).

The epicenter was monitored at 26.26 degrees north latitude and 1

Feature: Sowing seeds of hope -- Chinese agronomist's 18-year dedication to Madagascar's rice dream

To date, hybrid rice cultivation in Madagascar has reached a cumulative 90,000 hectares, with average yields of 7.5 tons per hectare -- two to three times that of local varieties, making it Africa's largest hybrid rice producer by area.

ANTANANARIVO, June 5 (Xinhua) -- As usual, 67-year-old Chinese agronomist Hu Yuefang started his day at dawn, donning a wide-brimmed hat and draping a towel over

Indian stock markets open higher, all major indices in green, Nifty around 24,700

Mumbai (Maharashtra) [India], June 5 (ANI): The Indian stock indices opened higher on Thursday despite mixed global cues.

The market experts believe that the investors are buoyed by the hopes of developments in the India-US trade deal and a rate cut by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI).

At the opening of the trading session today, the Sensex was up 26.22 points or 0.03 p

"Can't breed vipers and expect them to bite only your neighbour," Tharoor decimates Bilawal-led Pak outreach in US

Washington, DC [United States], June 5 (ANI): Even as Pakistan's delegation, seeking to put its point across after India's action against terror during Op Sindoor, arrived in Washington on Wednesday, India's outreach delegation, led by Congress MP Shashi Tharoor decimated Pakistan's copycat outreach effort.

'This (Pakistan) delegation is going around saying we are also victims of terrorism; we have lost more liv

"Pakistan is a front for China, US policy makers need to be conscious": Ex-envoy Taranjit Singh Sandhu

Washington, DC [United States], June 5 (ANI): Former Indian Ambassador to the United States, Taranjit Singh Sandhu, who is part of the all-party delegation led by Shashi Tharoor to the US, in a strong message to US policymakers, cautioned on Thursday that Pakistan is acting as a front for China and urged Washington to rethink its strategic approach in the region.

During an interaction in Washington, DC, Sandhu sa

Pak PM Shehbaz Sharif now wants Trump to facilitate dialogue with India

Washington, DC [US], June 5 (ANI): Faced with growing global isolation on the issue of terrorism, Pakistan is making an all-out effort to seek the help of US President Donald Trump to try and achieve peace with Indian

Addressing an event at the US Embassy in Islamabad, Pakistan Prime Minister Shehbaz Sharif praised Trump for his role in helping de-escalate the situation with India and urged Washington to facilita

"It's like the Devil quoting from the scriptures": BJP MP Tejasvi Surya on Bilawal Bhutto-led delegation in US

Washington DC [US], June 5 (ANI): BJP MP Tejasvi Surya slammed Bilawal Bhutto Zardari and called Pakistan's delegation to New York 'the Devil quoting from the scriptures.'

Speaking to the media at the Indian Embassy in Washington, DC, BJP MP Surya said, 'Bhutto has been calling his delegation a peace delegation, and it is quite ironic that the Pakistani delegation is speaking the language of peace. It's like the