Boeing’s Starliner faced significant technical issues with its propulsion system, jeopardizing the safe return of its first crew from the International Space Station. Glitches in Starliner’s propulsion system, including five failed thrusters and leaks of helium, raised serious concerns about the spacecraft’s ability to bring astronauts back to Earth safely. This posed a major setback
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The recent halt on work stoppages at Canada’s largest railways marks the end of an unprecedented service disruption that threatened to greatly impact the country’s export-driven economy. The decision by the Canada Industrial Relations Board to intervene in the labor disputes between the Teamsters union and Canadian National Railway (CN) as well as Canadian Pacific
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The federal government is taking a harsh stance on Americans who have a “seriously delinquent tax debt.” This debt threshold is set at more than $62,000 in 2024 and includes federal tax liabilities, penalties, and interest, adjusted annually for inflation. The IRS and Treasury Department are required by law to notify the State Department about
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The chief executive of Turkey’s largest private bank, Isbank, has highlighted the challenges that lie ahead for the country’s banking sector in the midst of economic uncertainties. Hakan Aran, the CEO of Isbank, expressed concerns about the impact of Turkey’s economic turnaround and the ongoing struggle with inflation. Aran emphasized that Turkish banks are set
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Reports surfaced on Saturday evening that Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was arrested at Bourget airport in Paris. This incident has sparked widespread speculation and concern about the reasons behind his arrest. Telegram, known for its significant influence in Russia, Ukraine, and other former Soviet Union countries,
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The recent volatility in the market, as highlighted by Brazil’s central bank chief Roberto Campos Neto, may be indicative of the market pricing in less room for fiscal and monetary intervention in the future. This has implications for discussions on monetary transmissions, as Campos Neto pointed out that it will be increasingly challenging to separate
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