Tag Archives: oceania

Five people arrested in relation to three murder investigations

Five people have been charged in relation to the investigation into the suspected murders of three South Australian men.

A woman and four men were all charged today following an investigation into the suspicious deaths of Robert Atkins, Trevor King and Jeffrey Mundy.

A 39-year-old woman, a 51-year-old man, a 48-year-old man, a 59-year-old man and a 43-year-old man were charged with various offences including drug trafficking, firearm and weapon possession.

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The 39-year-old woman, the 51-year-old man and 48-year-old man will face court today.

The two other men have been bailed to face court in April.

It comes as police continue to investigate the murders of Atkins, King and Mundy.

King's body was found in waters near West Lakes, with police alleging his death was staged to look like a suicide.

King was allegedly held captive at a property and attacked with a blowtorch, set alight and beaten with a baseball bat, before being found dead almost a year later.

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Police suspect Atkins was kidnapped by a gang of criminals – who initially held and tortured the 32-year-old over a small drug debt – a week before he was spotted at a Harvey Norman.

Security footage from November 2020 shows Atkins days later at the counter of the Harvey Norman in the Gepps Cross homemaker centre in Adelaide's north.

His body has not been found.

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Mundy was last seen on CCTV at a chemist in the Colonnades Shopping Centre.

Police believe Mundy spent his final days held captive in a shipping container on a property frequented by drug dealers in Lonsdale.

The missing father is believed to have escaped the site and been tracked down before his murder. 

His body also has not been found.

Officers continue to appeal for any information relating to the murders of the three men.

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Calf with unique smiley markings born on Victorian farm

A newborn calf has melted the hearts of thousands with its unique smiley markings.

Given the name Happy, the calf was born on a dairy farm at Ripplebrook, in regional Victoria.

Barry Coster from Belbrook Holsteins collected the young bovine during his morning rounds this week.

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The youngster will become a pet for the farm's owners, who say they will put him to good use as a lawn mower.

There is no doubt Happy's unique colouring will mean he quickly becomes a staff favourite.

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A moment she's waited for since she was 11 years old

A father and daughter have had an emotional reunion after being separated for more than two decades. 

Ambreen Ali has waited since she was 11 to hug her dad and today she finally got that moment at Melbourne Airport.

The IT specialist from Craigieburn grew up in Pakistan but while she was in boarding school, her father and mother moved to the US in hope of better work opportunities to support their young family back home.

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Ambreen Ali has waited since she was 11 to hug her dad and today she finally got that moment.

While waiting for his visa, Ambreen's father was unable to travel back to Pakistan to see her. She tried to move to the US but was unable to, instead moving to Australia 12 years ago.

After completing two diplomas, a bachelor and her masters in IT, Ambreen became an Australian citizen.

"My father was the only bread earner, he was supporting four families together," Ambreen said.

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He was eventually granted residency in the US but then COVID-19 happened, further delaying the reunion until today.

"It was the best thing ever, I can't tell you how I'm feeling now," Ambreen said.

Ambreen's father will spend the next 10 weeks in Australia and she has a very special celebration planned or his 70th birthday.

"Thank you Australia," she said. 

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Australia's sharemarket slumps after Credit Suisse turmoil

Australia's sharemarket has followed international markets lower following fears one of Europe's biggest banks was treading on thin ice.

Shares in the Swiss Bank Credit Suisse dropped by 24 per cent after its biggest shareholder – the Saudi National Bank – refused to pump more funds into saving the bank which has been beset by problems for months.

It comes after major US services Silicon Valley Bank and Signature Bank collapsed this week in the most significant banking collapse since the Global Financial crisis.

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The Australian sharemarket was not exempt from the global slump after shares on the S&P/ASX 200 dived 1.9 per cent at early trading.

It seemed to stabilise at 1.4 per cent at midday.

The All Ords has recovered ever so slightly now to be trading down 1.52 per cent, and it's also being battered by miners.

Rio Tinto tumbled by 4 per cent and BHP by 3.9 per cent.

It comes after the Dow Jones plunged by 600 points in the US amid fears of a banking crisis from the latest crisis.

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The ASX stock exchange

Why is the finance world holding its breath?

It is seen as a major tipping point for the powerhouse European Bank which will either regain its footing or analysts have flagged another global crisis could ensue.

It all started when Credit Suisse said in its annual report that it had "material weaknesses" in its financial reporting.

Saudi National Bank then ruled out increasing its stake causing other investors to panic.

Then in one night Credit Suisse shares crashed as much as 30 per cent before being halted.

It means the bank that was worth almost $50 billion two years ago is now worth $10 billion.

This collapse has led the bank to ask for help from the Swiss National Bank to stay afloat.

"Credit Suisse has a lot of links to the financial sectors of other countries, so it has operations in the US, in other parts of Europe and more widely around the world and it will have a lot of creditors and subsidiaries elsewhere who potentially could get into difficulties," Capital Economics Chief Europe Economist Andrew Kenningham said.

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FILE - A pigeon rests near a building hosting offices of Credit Suisse bank in Milan, Tuesday, Oct. 27, 2009.

But the problem is when there is concern around banks, investors get nervous and pull more funds out therefore making the already struggling bank even weaker – like the SVB.

Then the next problem is interest rates which all central banks are using as a primary tool to fight inflation.

But as interest rates rise, bonds become less valuable within the central banks which means they're unable to bail out struggling corporate banks.

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In Australia, interest rates are flagged to pause mid-year as the Reserve Bank of Australia sees inflation beginning to respond to the fiscal tightening. However, it is a different story in the US.

"Certainly, people are forecasting that the Fed will raise rates by 25 basis points or one-quarter of 1 per cent, down from the expected one-half of 1 per cent just a few days ago," Kenningham said.

"Some are saying they'll be no increase.

"They'll wait until May to do that.

"Others are saying that the Fed will cut interest rates.

"So in a sense, nobody really knows."

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