Titanic II: "It will be the most safe cruise ship in the world when it launches" - business quote of the day

Still convincing after all these years.

Australian billionaire Clive Palmer has revealed plans to build Titanic II,  a working "full-scale re-creation" of the Titanic, which sank in 1912.

The ship will be made in China and begin carrying passengers in the third quarter of 2016. Using - get this - exact blueprints of the original.

A Blue Line representative told Mashable, "It will be the most safe cruise ship in the world when it launches."

Unsinkable, eh? Sure we've heard that one somewhere before.

This will "definitely not" happen again. Photograph: Getty Images

Martha Gill writes the weekly Irrational Animals column. You can follow her on Twitter here: @Martha_Gill.

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Police shoot man in parliament

A man carrying what appeared to be a knife was shot by armed police after entering the parliamentary estate. 

From the window of the parliamentary Press Gallery, I have just seen police shoot a man who charged at officers while carrying what appeared to be a knife. A large crowd was seen fleeing from the man before he entered the parliamentary estate.

After several officers evaded him he was swiftly shot by armed police.

Ministers have been evacuated and journalists ordered to remain at their desks. 

More follows. Read Julia Rampen's news story here.

Armed police at the cordon outside Parliament on Wednesday afternoon. Photo: Getty

George Eaton is political editor of the New Statesman.