Thursday, November 14

Day: April 18, 2024

Airline worker among six arrested in $25 million airport gold heist. Police say it was an inside job
18Apr By AdminsNo Comments

Airline worker among six arrested in $25 million airport gold heist. Police say it was an inside job

Six people have been arrested in last year's multimillion-dollar gold heist at Toronto's Pearson International Airport, police in Canada and the US said on Wednesday. Police have also issued arrest warrants for three others in what they described as an "inside job." All nine suspects have been charged with over 19 counts. On April 17, 2023, an air cargo container carrying more than $22 million Canadian dollars' ($25 million) worth of gold bars and foreign currency was stolen from a secure storage facility using fake paperwork, police say. The gold and currency had just arrived on an Air Canada flight from Zurich, Switzerland. At least two former Air Canada employees allegedly helped in the audacious theft, police say. One is now in custody and an arrest warrant ...
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Australia’s supermarket prices have been grilled by politicians, just don’t expect prices to drop anytime soon
18Apr By AdminsNo Comments

Australia’s supermarket prices have been grilled by politicians, just don’t expect prices to drop anytime soon

A day after Australia's major supermarket bosses were questioned about price-gouging allegations, their conduct towards suppliers and, in one case, threatened with jail time, shoppers have been warned to not expect price drops anytime soon. Woolworths chief executive Brad Banducci had the threat of being found in contempt during his fiery Senate hearing yesterday morning, before Coles counterpart Leah Weckert's far milder appearance before the same committee in the afternoon. While both CEOs discussed the importance of providing competitive prices, Swinburne University corporate governance expert Helen Bird said the hearings are unlikely to lead to any drop in prices in store – even if the explanations by the supermarkets about their pricing practices are welcome. Whil...
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Defence spending gets $50 billion boost over next decade
18Apr By AdminsNo Comments

Defence spending gets $50 billion boost over next decade

The Australian government will invest an extra $50.3 billion into defence over the next decade as part of a long-awaited revamp of the nation's armed forces strategy. The funding boost comes following last year's Defence Strategic Review, which argued Australia needed to modernise its current military structure it said was designed for a "bygone era". "The optimistic assumptions that guided defence planning after the end of the Cold War are long gone," Defence Minister and Deputy Prime Minister Richard Marles said when announcing the funding boost and the National Defence Strategy this afternoon. Australian defence spending will increase by $50 billion over the next ten years. (Department of Defence via AP) "Our environment is characterised by the uncertainty and te...
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