INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

120 kilos of cocaine wash up on Australian beaches over Christmas

Australian police have urged caution. (Pic New South Wales Police)
  • A first batch of 39 barnacle-encrusted, one-kilogram bricks of suspected cocaine was discovered on Friday near Magenta Beach, north of Sydney
  • Since then, another 85 packages of the same size had been spotted along about 80 kilometers (50 miles) of the New South Wales coastline, state police said

Sydney, Australia– Australian police said Wednesday they were scouring beaches after mysterious packages believed to contain more than 120 kilograms (260 pounds) of cocaine washed up over the Christmas period.

A first batch of 39 barnacle-encrusted, one-kilogram bricks of suspected cocaine was discovered on Friday near Magenta Beach, north of Sydney, police said.

Since then, another 85 packages of the same size had been spotted along about 80 kilometers (50 miles) of the New South Wales coastline, state police said.

Police urged people to report any suspicious packages, Detective Chief Superintendent Jason Weinstein said in a statement.

“Detectives and specialist police are currently combing beaches and coastlines for any outstanding packages and working behind the scenes to make sure we find and hold accountable those responsible,” said Weinstein, who is director of the state’s crime command.