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HONG KONG: Asian equities went into reverse on Friday (Jun 5) on continued worries about the artificial intelligence trade after disappointing forecasts from chip titan Broadcom, while investors were also keeping a wary eye on stuttering Middle East peace efforts.After leading several markets to record highs this year, technology firms are facing selling pressure on concerns that the eye-watering sums pumped into AI may have been overdone and stock valuations are too high.Broadcom on Wednesday sparked concern among traders who have piled into all things AI when its revenue forecast for the third quarter came in below expectations, sparking a…

A congressional panel in the United States has rejected an effort to revoke a provision from the defence budget that would further integrate the US and Israeli militaries.An amendment to sink the pro-Israel measure, introduced by Democratic Congressman Ro Khanna, failed in a voice vote on Thursday in the House Armed Services Committee.Recommended Stories list of 3 itemsend of listThat defeat paves the way for the proposal to advance to the floor of the House of Representatives.Khanna had argued that the provision in the National Defense Authorization Act (NDAA), formally called Section 224, rewards Benjamin Netanyahu at a time when…

President Trump is set to attend Game 3 of the NBA Finals in New York City between the New York Knicks and San Antonio Spurs on June 8. The president, a native New Yorker and self-described Knicks fan, said last week he was invited to attend a Knicks playoff game by the team’s owner, James Dolan, who has donated to Mr. Trump’s political campaigns.Late Thursday, the White House released an official schedule that confirmed Mr. Trump will go to an NBA Finals game at Madison Square Garden on Monday. Sources familiar with the plans had previously told CBS News the president…

NEWYou can now listen to Fox News articles! An American citizen admitted to working on behalf of Chinese intelligence operatives for years, helping gather information on U.S. targets and attempting to penetrate American political circles, according to federal authorities.Thomas Weir Pauken II, 50, pleaded guilty Thursday to acting inside the U.S. as an agent of the People’s Republic of China without notifying the attorney general, the Department of Justice announced.The guilty plea prompted a stark warning from the FBI, which said the case demonstrates how far the Chinese Communist Party is willing to go to collect intelligence and influence activities…

Canada’s new artificial intelligence strategy unveiled Thursday contains a number of promises and plans for AI-based job growth, adoption and growing Canada’s digital and industrial sovereignty — but it’s also missing some key details. Those include things like estimates for potential layoffs caused by AI and how the government might respond, insight into the specifics of promised privacy and online harms legislation, any detailed mention of regulation or a plan to mitigate environmental concerns around data centres, and any clear timelines for when most of the government’s promises will be achieved.“I think Canadians are expecting real answers on safety, on…

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Mogadishu, Somalia – Mustafa, 33, dreads election time in Somalia. He drives a bajaj — a three-wheeled taxi — and says that when tensions rise, as they always do when polls are near, the whole city feels it, and drivers like him are among the first.On Wednesday, he was passing through the Hawl Wadaag district when heavy gunfire between government and opposition forces erupted all around him.Recommended Stories list of 2 itemsend of list“I couldn’t even think. Everyone was shouting and running for their lives, and we all fled from the bullets,” he told Al Jazeera. “We haven’t seen fighting…

NEWYou can now listen to Fox News articles! President Donald Trump announced Thursday that he will hold a massive rally in Washington, D.C., later this month to kick off the nation’s 250th anniversary celebration.Trump said in a Truth Social post that the event would feature guest speakers and musical performances as part of what he described as a “rally to end all rallies.””On Wednesday, June 24th, at 7 P.M., in magnificent Washington, D.C., now totally beautified, and one of the Safest Cities anywhere in the World, and in celebration of our Country’s 250 Year History, we will be bringing you,…

NEWYou can now listen to Fox News articles! Lonzo Ball has endured plenty of highs and lows throughout his NBA career. The veteran guard also knows what it takes to succeed at the position, prompting him to offer a bold opinion on one of the league’s hottest stars.Ball, who most recently played for the Cleveland Cavaliers, called Jalen Brunson “the best Knick to do it…like ever” in a post on X.Ball’s comment came after Brunson scored 30 points to help New York rally for a 105-95 win over the San Antonio Spurs in Game 1 of the NBA Finals. New…