Australian police have seized a record 2.3 tonnes of cocaine and arrested 13 people in raids after the suspects’ boat broke down off the coast of Queensland, authorities said.

Property values rose by the biggest monthly and annual levels seen since 2022, Nationwide Building Society said.

The tea manufacturer filed to appoint administrators last Wednesday, risking the future of the 121-year-old firm.

Owners of buildings over 36ft (11m) tall will either have to have remediated cladding issues by the end of 2029 or have a completion date in place.

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