After two months of desperate efforts not to concede defeat in the U.S presidential election, President Donald Trump announced on Thursday that he is committing to smooth transition on January 20.
In a statement published on his spokesperson's Twitter account, the billionaire-turned president said the greatest first term in presidential history comes to the end.
Meanwhile social media majors Facebook and Twitter temporarily blocked Trump's accounts on their platforms after his supporters clashed with police in the Capitol Hill.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.