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‘Mass casualty event’ reported at Moscow concert venue

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Explosions shattered the evening calm at the Crocus City Hall concert venue just outside Moscow on Friday as gunmen unleashed a deadly assault on concertgoers.

The attack comes less than a week after Vladimir Putin secured his sixth term as president of Russia.

Russian authorities say at least 40 people are confirmed dead.

The federal investigation agency swiftly labeled the incident as a terrorist attack, while the Federal Security Service reported over a hundred others injured.

Moscow Mayor Sergei Sobyanin described the events unfolding in Krasnogorsk, outside Moscow’s city limits, as a “horrible tragedy.”

Gunmen roaming

Video footage circulating on Russian Telegram channels captured the chaos inside the theater, with gunmen roaming the bright foyer as terrified individuals sought refuge amidst pools of blood.

While the authenticity of the footage couldn’t be independently verified by The Wall Street Journal, it depicted a scene of panic and violence.

Reports from the state news agency TASS detailed an explosion at the venue, with part of the complex engulfed in flames and thick plumes of black smoke billowing into the sky.

Foreign Ministry spokeswoman Maria Zakharova condemned the attack in a message on Telegram, calling it a “monstrous crime” that warranted condemnation from the global community.

The concert, featuring the art rock band Picnic, was scheduled to begin at 8 p.m. local time and had sold out, according to ticket retailers.

Witnesses recounted how the attackers stormed into the concert hall, indiscriminately firing at attendees and deploying smoke bombs.

Gunfire subsides

Social media footage captured the frantic scene as people rushed to escape through the venue’s glass doors after the gunfire subsided. Thankfully, the musicians emerged unharmed, as reported by TASS. The fate of the gunmen remains unclear.

The assault bears unsettling similarities to past terrorist attacks perpetrated by Chechen insurgents in Moscow during the 2000s, challenging the aura of strength that Putin has sought to project ahead of his recent electoral victory.

Despite the landslide win, which positions him to rival Stalin as Russia’s longest-serving leader, such violence underscores ongoing security threats within the country.

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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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