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Days after Vladimir Putin’s invasion of Ukraine, Raiffeisen, an Austrian bank, announced that it was mulling over the idea of selling off its business in Russia. However, fast forward twenty-seven months later, and the lender’s unit in the country is thriving. With a staff that has swelled to nearly 10,000 employees, marking a 7% rise since 2022, the bank seems to be flourishing in the Russian market. In the previous year alone, its profit soared to €1.8bn ($2bn)—a figure that surpasses the earnings of any of the bank’s other subsidiaries, and a staggering threefold increase since 2021. Not only is…

In a groundbreaking move to alleviate the burden of medical debt on consumers, the Biden administration has proposed a ban on such debt from credit reports. This proposal would impact over 15 million Americans, increasing their credit scores by an average of 20 points and leading to the approval of approximately 22,000 more mortgages each year, as detailed in a fact sheet from Vice President Kamala Harris’ office. This initiative is part of the administration’s ongoing efforts to address the rising cost of living and dissatisfaction over President Joe Biden’s economic policies. A staggering 46 million people had medical debt…

Sean Vendy, along with his long-time partner Ben Lane, is gearing up for his second appearance at the Olympics with a renewed sense of perspective. The Orkney-born 28-year-old received the news in March that his partner Shannon was expecting their first child, which has added a new dimension to his athletic journey. Despite the challenges and pressures of competing at the highest level, Vendy is now motivated by more than just personal success. The news of impending fatherhood has had a profound impact on Vendy, as he now sees his training and competitions as not just for himself but for…

Apple CEO Sam Altman attended Apple’s annual developer conference this week, where he was seen walking the campus and interacting with several executives, including Apple co-founder Steve Wozniak. Following Altman’s visit, Apple officially announced a highly anticipated partnership with OpenAI to bring its ChatGPT technology to devices later this year. However, Altman did not make an appearance during Apple’s formal presentation, either in person or via livestream. He also did not participate in a private press event with Apple CEO Tim Cook and other executives to discuss privacy, security, and the collaboration between the two companies. Analyst Ben Wood of…

Finding success as a writer doesn’t always come with age. Even though many of today’s most well-known authors were out of their teenage years when they published the novels that brought them great success, there have been many teens, even children, who became bestselling authors because of the stories they penned. Young authors have written books spanning across genres, from works of poetry to self-help. 8 BOOKS TO GET YOU STARTED ON THE RIGHT TRACK IN 2024 Some authors create worlds of fantasy that encapsulate readers — while others simply have written about the experiences unfolding before their eyes. Below…

In breaking news, executives of a telehealth company distributing ADHD medications have been arrested, potentially disrupting access to treatment for patients across the United States. The US Centers for Disease Control and Prevention has issued a health advisory warning about possible disruptions in care and increased risks for injury and overdose. The US Department of Justice announced a federal indictment against the executives of Done Global, a digital health company, accusing them of a scheme to distribute Adderall online and commit health care fraud. The impact on patients remains unknown at this time, according to the CDC advisory, potentially affecting…

In recent news, Waymo has issued a recall for its 672 driverless cars to address concerns about driving into telephone poles. The recall was prompted by an accident on May 21 in Phoenix, Arizona, where a Waymo driverless car collided with a telephone pole in an alley while pulling over to pick up a passenger. Fortunately, no one was injured in the incident. In response, Waymo has initiated a software update for all 672 of its modified Jaguar I-Pace SUVs to prevent similar incidents in the future. According to a Waymo spokesperson, the company has already deployed mapping and software…

The birth of the Texas Stock Exchange represents a new chapter in the world of equities trading. The financial giants backing this upstart exchange are a clear indication that the old guard of Wall Street may have some competition on its hands. The fact that a Texas-based exchange is now considered a serious contender to the established power players in New York is a sign of the times. While Wall Street has long been seen as the epicenter of financial power and influence, the rise of the Texas Stock Exchange challenges this notion. With $120m in funding from major players…

In recent assessments, American intelligence officials believe that Yahya Sinwar, the leader of Hamas in Gaza, is confident in the group’s ability to survive Israel’s attempts to destroy it and is approaching negotiations from a position of strength. Sinwar’s goal is for Hamas to survive and believes that the group can hold out while Israel’s global standing deteriorates during the ongoing conflict in Gaza. According to a senior Biden administration official, Sinwar believes he is winning, which presents a discouraging assessment for US negotiators seeking a ceasefire deal between Hamas and Israel. Secretary of State Antony Blinken emphasized that the…

This week’s news quiz covers a wide range of topics, from arrests related to terrorism to climate protesters causing chaos at a baseball game. Let’s test your knowledge and see how much you know about the major stories of the week. The federal government announced the arrests of eight individuals who crossed into the U.S. illegally and are accused of having ties to which terror network? Options include Al Qaeda, Hamas, Hezbollah, and ISIS. Eight climate protesters made headlines by storming the field at a baseball game and getting tackled by police. Can you guess which game they disrupted? Options…