Author: News Desk

Australia buying more missiles to counter China, according to the country’s major defence review Australia is accelerating its efforts to purchase longer-range missiles to counter China’s growing threat, according to the country’s major defence review. The report, which cost A$19bn (£10bn) to implement its immediate recommendations, is described as the largest overhaul of Australian defence since WW2.  The review warns that Australia can no longer rely on its geographic isolation in the “missile age” and recommends switching focus from land-based armour to longer-range strike capability with munitions built in Australia. The acquisition of precision strike missiles with ranges of over…

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£55bn withdrawn from Credit Suisse before rescue Credit Suisse has announced that 61.2bn Swiss francs (£55.2bn) left the bank in the first quarter of 2023, revealing the scale of the bank run that prompted its state-backed rescue in March. The bank’s wealth management division saw the assets it managed fall to 502.5bn francs, 29% lower than the same period last year. “These outflows have moderated but have not yet reversed as of April 24, 2023,” Credit Suisse said in a statement. Credit Suisse clients started pulling money out of the bank after it was caught up in the market turmoil…

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NBCUniversal boss Jeff Shell ousted after ‘inappropriate relationship’ at work Jeff Shell, the CEO of NBCUniversal, has resigned from the company after an independent investigation into an “inappropriate relationship” with a colleague. Comcast, the parent company of NBCUniversal, has not yet announced who will replace him. Until a new CEO is appointed, NBCUniversal’s senior executives will report directly to Comcast president Mike Cavanagh. Shell, who is married, has been with NBCUniversal for nearly two decades and became CEO in January 2020. During his tenure, he oversaw a shakeup of the company aimed at bringing its traditional TV operations and streaming…

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Today’s news summary – Paper Talk There are a few stories on the front pages of Monday’s newspapers, including the news Diane Abbott has been suspended pending an investigation into a letter she wrote to the Observer about racism. Another lead topic is the rescue mission to evacuate British diplomats and their families from war-torn Sudan.  Sudan evacuation The Daily Express reports that British citizens in Sudan are begging ministers not to abandon them amid escalating violence. Rozen Ahmed, a British-Sudanese woman, recounts her harrowing experience of spending six hours hiding under a bed with her family without water. She…

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IN THE PRESS – Monday, April 24: We look at the media reaction to Lu Shaye’s comments on Soviet sovereignty. Some are calling the remarks by the Chinese ambassador to France an embarrassment to President Emmanuel Macron. In other news, the French papers “celebrate” one year since the president’s re-election. Also, a fresh anti-Semitism row has engulfed the UK’s Labour Party, with MP Diane Abbott being suspended from the party. Finally: will space tourists be able to have sex in space?

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