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NZ police treating Wellington hostel fire as arson

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Six people were killed at Loafers Lodge hostel and a homicide investigation is now underway

New Zealand police are treating the fire at a hostel in Wellington as arson.

Six people were killed at Loafers Lodge and a homicide investigation is now underway.

Firefighters say they were unable to search everywhere because the roof had partially collapsed on the top floor with fears the death toll may rise.

Acting District Commander, Inspector Dion Bennett says the police have a list of people they want to speak to.

“This scene examination will be an extensive and methodical process, and we expect it to take some time,” he said.

“I can confirm that we are treating the fire as arson.”

Police say they are treating the fire as suspicious, and confirmed there was an earlier fire at the building hours before the deadly blaze.

It had not been reported to emergency services at the time.

“We will be seeking to confirm any link between that couch fire and the subsequent fatal fire,” Inspector Bennett said.

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Eisman identifies infrastructure as key investment opportunity

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Famed investor Steve Eisman, has shifted his focus to infrastructure, citing three main reasons.

 

The pandemic-induced shift towards onshore investment, the rise of AI necessitating data centre expansion, and the global push towards greener energy.

Eisman believes these trends offer a decade-long opportunity for investors, with Australia presenting ample opportunities for market participation.

Notable companies to consider for exposure include BlueScope and James Hardie Industries for building materials, Macquarie Technology and Goodman Group for data centres, and Worley, AGL Energy, and Origin Energy for electricity grid upgrades and green infrastructure.

However, Eisman cautions investors to approach utility investments carefully, considering their capital expenditure budgets in renewable energy and grid upgrades.

 

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Civil War cinema brings in the box office dollars

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Alex Garland’s film “Civil War” has made a significant impact at the box office, surpassing expectations with a $25.7 million opening weekend in North America.

Starring Kirsten Dunst, Wagner Moura, and Cailee Spaeny, the film explores a near-future scenario where California and Texas unite against a president’s authoritarian regime. Despite fictional elements, “Civil War” has sparked widespread discussion, with its themes resonating in today’s political climate. The film’s performance, coupled with positive reviews, suggests a promising trajectory in the coming weeks, bolstered by a relatively quiet release schedule.

You can catch the trailer here

 

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Oil likely to see hike following Iran’s Israel attack

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Global oil markets are poised for potential disruption as tensions escalate in the Middle East following Iran’s recent attack on Israel.

The attack, which targeted key infrastructure, has raised concerns about the stability of oil supplies in the region.

Experts predict that the incident could lead to a spike in oil prices as investors react to the heightened geopolitical risk. #ticker today #featured

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