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Iran launches drone attack against Israel

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Iran launched dozens of drones at Israel but they will take hours to reach their targets,

Israel’s military said, an attack that may trigger a major escalation between the regional archenemies, with the U.S. pledging to back Israel.

Two security sources in Iraq said dozens of drones had been spotted flying from Iran toward Israel over Iraqi airspace in what Iranian Press TV called “extensive drone strikes” by the Revolutionary Guards.

Iran has vowed retaliation for what it called an Israeli strike on its Damascus consulate on April 1 that killed seven Revolutionary Guards officers including two senior commanders. Israel has neither confirmed nor denied responsibility for the attack.

U.S. President Joe Biden, who on Friday warned Iran against attacking Israel after saying such a scenario appeared imminent, has pledged to stand with Israel against Iran, the White House said.

Iranian drones

A retired Israeli general, Amos Yadlin, told the country’s Channel 12 news that the Iranian drones were equipped with 20 kg (44 pounds) of explosives each.

Israel’s military said sirens would sound in any threatened areas and that its defences were poised to deal with them.

Earlier on Saturday, Iran’s state-run IRNA news agency reported that a Guards helicopter had boarded and taken into Iranian waters the Portuguese-flagged MSC Aries.

MSC, which operates the Aries, confirmed that Iran had seized the ship and said it was working “with the relevant authorities” for its safe return and the wellbeing of its 25 crew.

MSC leases the Aries from Gortal Shipping, an affiliate of Zodiac Maritime, Zodiac said in a statement, adding that MSC is responsible for all the vessel’s activities. Zodiac is partly owned by Israeli businessman Eyal Ofer.

Israeli Foreign Minister Israel Katz accused Iran of piracy.

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The EV transformation expands to legacy vehicles

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

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