Author: PTI

Australia and Indonesia announced a 100-day plan on Monday to implement a long-awaited trade deal, as the two countries hailed a ”new beginning” for their sometimes troubled relationship. The two G20 economies hope to deepen trade currently worth a modest US$12 billion a year, in a region increasingly dominated by China’s economic and military might.

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Confronted with the threat of trillion-dollar-plus deficits for as far as the eye can see, President Donald Trump is offering a $ 4.8 trillion budget plan for the upcoming fiscal year that rehashes previously rejected spending cuts while leaving Social Security and Medicare benefits untouched. Trump’s fiscal 2021 budget plan, to be released Monday, isn’t likely to generate a serious Washington dialogue about what to do, if anything this election year, about entrenched fiscal problems that have deficits surging despite a healthy economy.

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Multiple software issues and a poor radio link doomed a test flight of Boeing’s crew capsule late last year, NASA said Friday, revealing for the first time a glitch that could have destroyed the spaceship on its re-entry. The Starliner’s December 20 mission, an uncrewed test flight, was ended early when it failed to engage its thrusters on time, due to a previously reported faulty timer.

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For decades, American politicians put their special interests ahead of the interest of the country, US President Donald Trump said Friday, asserting that he has done away with some of the ‘disastrous’ trade deals of the past. Launching a new nationwide campaign in North Carolina to revitalise underserved cities and towns all across America, Trump said the US is in the midst of the single greatest comeback that it has ever had.

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