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India's small savers parked over a $1.5 billion in pension schemes spooked by the stock market carnage in April

India's National Pension System (NPS) has bucked the downtrend triggered by Covid-19 outbreak and the subsequent nationwide lockdown to contain it. During the first three weeks of April, the scheme along with the Atal Pension Yojana (APY) has seen an upsurge in new enrolments and an increase in assets under management (AUM) of these programmes.ALSO WATCH: The CEO of mutual fund house explains how to invest your savings in the post-coronavirus world In financial parlance, NPS and APY are Central government backed schemes which are administered by Pension Fund Regulatory and Development Authority (PFRDA). The PFRDA is the statutory authority established by an enactment of the Parliament, to regulate, promote and ensure orderly growth of the NPS and the pension schemes to which this Act applies.75468072The




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More than 1 million US veterans were unemployed last month amid the coronavirus pandemic

The unemployment rate for US veterans jumped to 11.7% last month as over 1 million former service members found themselves out of work.In April, as the coronavirus shuttered businesses across the country, the US unemployment rate climbed to 14.7%, with the loss of 20.5 million jobs.During the coronavirus pandemic, the US veteran community has seen over 10,000 coronavirus cases and over 800 related deaths.Visit Business Insider's homepage for more stories.As the coronavirus pandemic continued to take its toll on the US economy, more than 1 million veterans found themselves without a job in April as the unemployment rate for this group rose to 11.7%, Military Times first reported, citing information from the Bureau of Labor Statistics out Friday.The rise in veteran unemployment, which was only




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Was Lisa Wilkinson worth Channel Ten's $2million paycheck?

Network Ten offered former Channel Nine star Lisa Wilkinson a rumoured $2million contract to anchor its new show, The Sunday Project.




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Quade Cooper puts Brisbane home on the market at $2million

Rugby star Quade Cooper, 31, is hoping to sell his four-bedroom home in Bulimba, Brisbane for $2million.




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SCRUMS THE WORD: Japan's newspapers go crazy with a total circulation of 50 million

WORLD CUP DIARY: Scotland winger Sean Maitland spent Saturday night with his cousin, controversial Australian playmaker Quade Cooper. The pair met up in Kobe.




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Rihanna talks about wedding dresses and her billionaire boyfriend

Rihanna also confirmed her relationship with Saudi billionaire Hassan Jameel: 'I'm actually in an exclusive relationship for quite some time, and it's going really well, so I'm happy.'




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Rihanna documentary snapped up by Amazon for a whopping $25million

News about the Rihanna doc came just a week after a project about Billie Eilish was picked up by Apple TV+ for $25million as well. Director Peter Berg has been working on the project for several years.




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Rihanna dating rapper A$AP Rocky following split from Saudi billionaire Hassan Jameel

It appears Rihanna is on the rebound. The pop superstar is reportedly dating rapper A$AP Rocky following her recent split from Saudi billionaire Hassan Jameel.




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Rihanna's charity pledges $5 million to help at-risk communities and health workers combat COVID-19

The money will help 'work with on-the-ground partners' that include Feeding America, The WHO's COVID-19 Solidarity Response Fund and the International Rescue Committee.




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Megan Thee Stallion flaunts her curves as she performs the Savage Challenge in Savage x Fenty

Megan Thee Stallion got in on the Savage challenge by dancing to her own song, this time while wearing lingerie from Rihanna's Savage x Fenty line.




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Rihanna and Twitter CEO Jack Dorsey to donate $4.2million to aid domestic violence

Rihanna is teaming up with Twitter CEO Jack Dorsey to donate $4.2million to help domestic violence victims in LA amid the coronavirus lockdown.




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Rumer Willis at SAG Awards denies being Lion on The Masked Singer

The 30-year-old singer ravished in a red wrap-around dress on Sunday at the SAG Awards where she denied being the Lion on The Masked Singer.




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Lupita Nyong'o oozes opulence as she dons over $3.5 million in diamonds to the 2020 SAG Awards

Lupita Nyong'o rocked an elegant black and white look with over $3.5 million worth of diamonds at the 2020 SAG Awards.




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Investors lose $1million financing Australian singer dubbed the next Taylor Swift

Investors have lost almost $1 million after two accused scammers convinced them to finance the career of a young Australian singer trying to make it big in Nashville.




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Taylor Swift donates $1million dollars to Tennessee tornado recovery

The 30-year-old musical dynamo called the natural disaster 'devastating' while addressing her some 127million followers and asking them to join her. She gave $500k to the state after 2010 floods.




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Channel Nine denies offering to progress musician Thom Lion on The Voice

Channel Nine has come out swinging after an Australian musician made a stunning allegation about The Voice during a radio interview in Adelaide on Thursday, branding his claims 'ridiculous'.




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Small business loan applications to resume Monday after Trump signs new $484 billion package into law

President Trump signed into law a $484 billion coronavirus relief bill that includes another $310 billion in funds designed to provide relief to small businesses.The Small Business Administration will resume accepting loan applications through the Paycheck Protection Program on April 27.Visit Business Insider's homepage for more stories.President Donald Trump signed into law a $484 billion coronavirus relief bill on April 24.The bill includes $310 billion in new funds for the Paycheck Protection Program (PPP), which was put in place to provide aid for small businesses.According to a statement released by Jovita Carranza, administrator of the Small Business Administration (SBA), and Treasury Secretary Steven Mnuchin, the SBA will begin accepting PPP loan applications again on Monday, April




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US banks made a quick $10 billion in 2 weeks by processing small businesses loans from the government, says report

US banks earned $10 billion in two weeks processing the loans from the government scheme to protect small businesses from financial ruin during the coronavirus crisis, according to an NPR report.The rescue plan worth $349 billion offered businesses loans of up to $10 million to thousands of US companies and were guaranteed by the federal Small Business Administration.The banks charged a transaction fee of 5% on loans worth less than $350,000, while on loans worth between $2 million - $10 million, the cost was 1%.The banks defended the massive windfall of loan transaction fees, saying that processing the loans involved complicated vetting procedures.Treasury Department guidelines are less rigorous than for regular loans, and the taxpayer provides the funding, so there is little risk for the




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11 major companies that have returned millions of dollars acquired through a government relief program meant for small businesses




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The Fed expands its $600 billion lending program for struggling businesses but leaves start date unannounced

The Federal Reserve announced Thursday it will expand its Main Street Lending Program to include mid-sized companies and those with greater leverage.The central bank expanded program eligibility to businesses with 15,000 employees or $5 billion in revenue, up from the 10,000 employee and $2.5 billion limits.The Fed didn't provide a start date for the relief program, adding that it would be announced "soon."A separate aid program for nonprofit organizations is under consideration, the Fed said in a release.Visit Business Insider's homepage for more stories.The Federal Reserve is widening its Main Street Lending Program to include more mid-sized businesses seeking loans amid the economic downturn.The central bank announced Thursday it will expand credit eligibility to firms with up to 15,000




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Billy Vunipola on his Lions and World Cup dreams... and why Saracens need to be humble

EXCLUSIVE BY CHRIS FOY: Vunipola is glad Jones will continue to provoke trepidation and inspiration among players because he believes the Australian can lead them to World Cup glory.




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Bill Beaumont turns to ex-Lions pals to secure votes of Wales and Ireland in World Rugby election

EXCLUSIVE BY CHRIS FOY: Bill Beaumont has turned to ex-Lions team-mates to 'keep Wales and Ireland on track' in the World Rugby chairman election.




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Iran stock index breaks through 1 million mark amid...

DUBAI, May 9 (Reuters) - Iran's main stock index broke through the 1 million point mark for the first time on Saturday, state media reported, amid warnings...




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Simon Cowell's ex Jasmine Lennard announces her engagement to billionaire businessman

Simon Cowell's ex-girlfriend Jasmine Lennard has announced that she is engaged to her billionaire businessman boyfriend Mohammed Al Saif.




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Simon Cowell will donate £1.3 million to help charities that are struggling amid coronavirus crisis 

The music mogul, 60, revealed in The Sun on Saturday that he was 'devastated' to hear that charities were struggling to continue their services due to the global pandemic.




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Take a look inside some of the lavish mansions in the French Riviera enclave where homes cost $13 million and the ultrawealthy residents have access to private coronavirus testing




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Prince Harry and Meghan Markle are reportedly living in Tyler Perry's $18 million Beverly Hills mansion

An anonymous source has told the Daily Mail that Meghan Markle and Prince Harry are staying in Tyler Perry's $18 million mansion in Beverly Hills.The Daily Mail does not know if the couple is renting the property, or if they are staying there as guests.Meghan and Harry stepped down as senior royals earlier this year and have been living in Los Angeles since leaving Canada the end of March.Visit Business Insider's homepage for more stories.The Daily Mail reports that Meghan Markle and Prince Harry are living in Tyler Perry's $18 million mansion in Beverly Hills with their 1-year-old son Archie. Sources told the Daily Mail that the couple has been staying in Perry's home since they stepped down as senior royals and moved to Los Angeles at the end of March. Perry's home is a Tuscan-style villa,




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Mike Bloomberg just bought a $45 million Colorado ranch. Take a look at the 4,600-acre property that comes with a helipad and a golf course.




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American billionaire hedge-fund manager Julian Robertson took $800,000 in COVID-19 aid from New Zealand's government to pay the staff at his luxury resorts

Hedge-fund billionaire Julian Robertson received a total of $1.2 million NZ ($800,000 USD) from the New Zealand government to pay employees at his luxury resorts.Not unlike the Paycheck Protection Program that helps American businesses affected by the coronavirus crisis, New Zealand's wage subsidy has been hit by allegations of fraud and favoring large businesses. Robertson has amassed a $4.4 billion fortune running hedge fund Tiger Management.Visit Business Insider's homepage for more stories.A billionaire former hedge-fund manager took hundreds of thousands of dollars from New Zealand's government to pay the staff at the luxury resorts he owns there, data from New Zealand's Ministry of Social Development shows.Julian Robertson's luxury resorts and golf courses received more than $1.2 million




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Nurseries around the world are destroying millions of flowers as demand drops during the coronavirus pandemic




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Read the pitch deck that buzzy startup Devoted Health used to reach a $1.8 billion valuation before it signed up a single customer

Devoted Health wants to change the way the U.S. takes care of its senior citizens, and it has big plans in its first five years to do just that.The startup, which has been gathering lots of buzz in the last year, was founded to sell private health insurance plans to U.S. seniors, a market that is growing rapidly as Baby Boomers age.Using one pitch deck, Devoted Health managed to secure $300 million from investors in a funding round led by Andreessen Horowitz late last year, with a valuation of $1.8 billion – all before it signed up a single customer.But the deck also outlined the company's aggressive plans for its first five years. Devoted Health planned to sign up 5,000 members for 2019 and grow that to 103,722 by 2023. It expects to make about $1.2 billion in revenue in 2023 while generating




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Europe puts 100million on lockdown: Continent's coronavirus death toll soars towards 2,000

Coronavirus hysteria in Europe continues as Poland's shut frontiers (pictured) cause huge traffic jams in Germany - while Serbia and Slovakia went into lockdown and Portugal closed its border.




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GREYCROFT FOUNDER: For the first time ever, VCs are giving millions to founders without meeting them face-to-face. Here's how to adapt to remote investing.

75479954Alan Patricof is the chairman emeritus at Greycroft Partners.He writes that given the timeline of the coronavirus pandemic, VC firms will have to invest in startups, early-stage companies, and new CEOs without meeting teams face-to-face.To close a deal, it'll be key for entrepreneurs to be charismatic through the phone, and have strong references.Seed and round A investors should consider partnering with other firms to mitigate risk, and should prioritize thorough backgrounding of potential deals.Visit Business Insider's homepage for more stories.The pandemic crisis has presented those in venture capital with a new phenomenon — which, in spite of my 50 years in the business, is a first.Since we are virtually always "open to buy," to quote a retailer's expression, we are now faced with




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Robinhood just raised a $280 million round of funding led by Sequoia Capital, making it worth over $8 billion

Investing app Robinhood just announced a $280 million Series F at a $8.3 billion valuation.Previous investor Sequoia Capital led the round, with participating from NEA, Ribbit Capital, 9Yards Capital, and Unusual Ventures.Robinhood has added three million funded accounts since the start of the year. Investors continue to pour money at rising valuations into Robinhood despite the popular investing app facing multiple outages on some of the most volatile trading days in market history earlier this year.The fintech nabbed $280 million in Series F funding at an $8.3 billion valuation in a round led by previous investor Sequoia Capital. NEA, Ribbit Capital, 9Yards Capital, and Unusual Ventures also participated in the round. Robinhood's most recent round comes after a $323 million Series E in July




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This is the 19-slide pitch deck two 22-year-olds used to nab $57 million in funding from Silicon Valley

Technology is shattering legacy financial systems that can't keep pace with market demand — and Brex is at the forefront. It's one of fintechs buzziest startups, aiming to rebuild B2B financial products starting with corporate cards for technology companies.The company was quietly launched in 2017 by Henrique Dubugras and Pedro Franceschi, two 22-year-old engineers who previously founded Pagar.me, one of Brazil's largest payment processors.Brex already has more than 1,000 customers signed up with the help of backing from investors including PayPal co-founders Peter Thiel and Max Levchin, early Facebook investor Yuri Milner, former Visa CEO Carl Pascarella, and esteemed startup incubator Y Combinator.And we caught a glimpse of the Series B pitch deck Dubugras and Franceschi used to win them




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Why Congress' own economists predict 15 million unemployed in 2021

President Donald Trump has said the economy will take off like a rocket when the COVID-19 pandemic and social distancing ends.The Congressional Budget Office predicts the unemployment rate will still be at 9% at the end of 2021.Historically, high unemployment rates during recessions and pandemics have taken a long time to come back down to full employment levels.Visit Business Insider's homepage for more stories.Following is a transcript of the video.Narrator: If you watch President Trump's daily briefings, you might think everything will immediately go back to normal when social distancing is no longer necessary.President Trump: And you will see our economy skyrocket.Narrator: But Congress' own budget office thinks things will be pretty bleak for much longer. At the beginning of April, the




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I'm a Celebrity's Perez Hilton rubbishes claims Charlotte Crosby earning $1million to appear

Perez Hilton has rubbished claims that Charlotte Crosby is being paid $1million to appear on I'm a Celebrity... Get Me Out of Here! Australia.




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Chloe Ferry 'has become a millionaire at 24'

In 2018, the former Celebrity Big Brother star paid £61,000 in Corporation Tax and will be paying even more due to her earnings from the last year.




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A 'phase 4' stimulus package could include more checks for Americans. Here's what else is being discussed, just weeks after the record $2.2 trillion 'phase 3.'

Weeks after passing a momentous $2.2 trillion stimulus package, President Donald Trump and House Speaker Nancy Pelosi are already saying they might need another relief bill.The package - the fourth stimulus related to the coronavirus pandemic - may include another round of direct payments to Americans, as 16.8 million jobless claims have been filed over the last three weeks.Here's what the major party stakeholders - including Trump, Pelosi, and Senate Majority Leader Mitch McConnell - are hoping the next stimulus package looks like. Visit Business Insider's homepage for more stories.The federal government made history in late March when it passed into law a $2.2 trillion stimulus package, including an unprecedented expansion of unemployment benefits and a massive $349 billion small business




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Read the pitch deck Facebook's former CIO used to raise $4.8 million of seed money for his calendar app startup

Tim Campos left an executive position at Facebook in 2016 and cofounded Woven, a calendar and scheduling startup.After staying in stealth mode for two years, Woven secured $4.8 million of seed funding in 2018. The round was led by Battery Ventures. The company shared the pitch deck it used to win over investors. We've published the deck below, with Woven's permission.Click here for more BI Prime stories.When Tim Campos first approached VCs with his startup idea, he told them to talk him out of it. Campos is a former chief information officer at Facebook; he left his position in 2016. At the time, he had just doubled Facebook's revenue to $1.8 million per employee, and he was at the pinnacle of his career, he told Business Insider. Still, Campos wanted to start something of his own.Along with




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A senior economist says the $2 trillion stimulus bill 'is not going to be big enough' to fight the oncoming recession

Paul Constant is a writer at Civic Ventures, a cofounder of the Seattle Review of Books, and a frequent cohost of the "Pitchfork Economics" podcast with Nick Hanauer and David Goldstein.On the latest episode of "Pitchfork Economics," Hanauer and Goldstein talk with the Economic Policy Institute's senior economist, Heidi Shierholz, about how the coronavirus is upending the job market in the United States.Shierholz says she was shocked by the data recently released showing that nearly 10 million Americans had filed for unemployment in the first two weeks of the COVID-19 shutdown - the highest she's ever seen.Visit Business Insider's homepage for more stories.In her role as senior economist and director of policy at the Economic Policy Institute (EPI), Heidi Shierholz spends her days immersed




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Golf news: Rory McIlroy secures FedExCup and £12.3million prize 

DEREK LAWRENSON: Rory McIlroy's prize for wiping the floor with Brooks Koepka in the final round of the FedEx Cup play-offs on Sunday was the largest in golf history




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Federal relief loans for small businesses just dried up. Here's what to do if you need $1 million dollars or more to stay afloat

Getty ImagesAll of the PPP loan funds have been committed, but new Fed-backed loans could help some businesses come back after the crisis.Less than two weeks after launch, all of the $349 billion allocated to small businesses in the CARES Act has been committed.Lending could now come to a grinding halt as banks won't have the guarantee of the US Treasury to back up more loans.Business owners who still need financing greater than $1 million can take advantage of the Federal Reserve's Main Street Lending program, which will support additional loans from banks.The Fed's program backs four-year loans with payments and interest deferred for the first year.Visit BI Prime for more stories.Just 12 days after the launch of the Payroll Protection Program, all $350 billion in loans have been approved,




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How a data storage startup reached unicorn status by closing a new $100 million funding round during the coronavirus pandemic

GoogleSolutions like those from VAST Data can make AI adoption easier.Accessing stored data is a major problem that companies face in the quest to adopt artificial intelligence and other advanced analytical tools. VAST Data's all-flash storage solution makes it easier for corporations to quickly and continuously analyze large sets of information. The startup just raised $100 million, bringing its total valuation to $1.2 billion. This is on top of a recent $80 million funding round, of which $40 million still remains. "We did this to offer the peace of mind that we're here to stay forever," CEO Renen Hallak told Business Insider.Click here for more BI Prime stories.Artificial intelligence continues to be a major investment for companies, but enterprises are, in many cases, finding it exceedingly




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How a German drone taxi startup used crowdsourced ideas, an unexpected partner, and its outsider status to carve out a new multi-trillion-dollar opportunity in the transportation industry

When Florian Reuter joined German drone taxi startup Volocopter in 2015 as CEO, co-founders Stephan Wolf and Alexander Zosel had impressive tech, but no clear path to market."When we started out there was not even an idea of how these types of vehicles would ever be certified," Reuter told Business Insider. "Now we have a whole new category created for us."Volocopter now has equity funding of €122 million and the company continues to add corporate strategic partners to a list that includes Daimler, Intel, and Micron.Now, the team is focused on completing its certification with the European aviation authority to become the first commercial air taxi company.This article is part of a series on growing a small business, called "From 1 to 100."If disruption is the path to a billion-dollar startup,




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Billionaire Mark Cuban told us his plan to save America's entrepreneurs now that the federal relief fund has run dry - and the biggest disasters the government must fix immediately

In less than 13 days, all $349 billion allocated for small business relief under the CARES Act were used up.But the funds barely scratch the surface of the 60 million employers and freelancers who were expected to apply.Mark Cuban told Business Insider that major changes need to be implemented to address the problems with the most recent package.Before the next round of funding, Cuban says businesses will need enough money to cover an extended re-opening period as well as an effective testing strategy that instills confidence in returning workers. Visit BI Prime for more stories.Following a rocky rollout of the Payroll Protection loan program, all $349 billion of the funds allocated for small businesses in the $2 trillion CARES Act have been committed - and Mark Cuban says it's too late to




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Oscars ratings hit all time low with 23.6million

The Oscars drew just 23million viewers on Sunday night, six million fewer than it did last year. 




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Jeff Bezos spends record $165 million on LA love nest for girlfriend Lauren Sanchez

Bezos dropped $165m on the sprawling nine-acre estate in Beverly Hills, which boasts terraces, guest houses, a tennis court, and a nine-hole golf course. He also spent $90m on another property.




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Ayatollah's arsenal: A MILLION troops, hundreds of missile launchers and a maritime guerrilla force

Iran's first retaliatory move was delivered in a 22-missile strike on US bases in Iraq last night. However, despite an array of devastating options it is believed the Ayatollah pulled his punches.




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Inside Russia's £92 million new emergency coronavirus clinic

These first pictures show the wards at the new £92million clinic in Moscow which in recent days has seen 10,000-plus construction workers deployed round the clock.