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Nike forecasts a $1 billion increase in costs due to tariffs, prompting a shift in production and planned price hikes.
China's industrial profits decreased by 9.1% in May, impacted by weak demand and ongoing trade tensions.
Cocaine production, seizures, and use reach new highs globally due to increased Colombian coca cultivation, according to UNODC.
Oil prices see slight increases after a ceasefire, but a significant weekly drop is anticipated due to diminished supply risks.
Thailand's finance minister announces upcoming trade talks with the US to negotiate tariff reductions before a critical deadline in July.
Protests in Kenya marking the anniversary of deadly demonstrations have escalated, resulting in multiple deaths and injuries amid calls for justice and government accountability.
US economy shrank 0.5% in Q1 2025 due to tariff impacts, with sharp declines in consumer spending reported.
Nvidia's stock hit a record high, making it the world's most valuable company amid positive forecasts for AI growth.
Trump endorses China's imports of Iranian oil, suggesting a shift in U.S. sanctions enforcement while pushing for larger U.S. oil purchases.
Fed Chair Jerome Powell signals a cautious approach to interest rate cuts amid inflation concerns related to President Trump's tariffs.
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