AI data centre frenzy risks power blackouts
The Australian » Business
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1w ago
Private equity giant Blackstone is pouring billions into data centres fuelling the AI boom, but Steve Schwarzman warns that failure to increase electricity supply will result in power shortages ..read more
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Bullsh*t and jail: Canberra are we really doing this?
The Australian » Business
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1w ago
There is a darker message for all businesses after the Woolworths boss was forced to cop political bile from a lightweight Greens senator ..read more
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Supermarket bosses say divestiture powers risk jobs
The Australian » Business
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1w ago
Woolworths and Coles bosses have told a Senate committee hearing that forced divestiture would affect jobs growth and investment ..read more
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Toxic: whistleblower complained about former casino boss
The Australian » Business
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1w ago
Star Entertainment received a whistleblower complaint about former CEO Robbie Cooke and the gaming company’s ‘toxic culture’, an inquiry has heard ..read more
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Construction industry ‘worst for tax defaults’
The Australian » Business
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1w ago
The number of companies being placed under external administration has broken its record ..read more
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ASX to waver; Powell dials back rate cut hopes
The Australian » Business
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1w ago
Wall Street flatlines as Federal Reserve chair Jerome Powell says longer wait on ‘greater confidence’ around inflation. Star inquiry continues. SkyCity picks new CEO. BOQ interim results, Rio production update ahead ..read more
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Bitter hangover as craft breweries struggle to survive
The Australian » Business
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2w ago
In the last half of the last decade it felt like there was a new craft brewery popping up every week, but in recent months the fizz has left the sector with craft ale makers struggling for air ..read more
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GoCatch vs Uber: Rideshare’s battle of the decade
The Australian » Business
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2w ago
A showdown is under way in the Supreme Court of Victoria where allegations of hacking and corporate espionage have been aired. Uber’s defence? Its rival would have failed, regardless ..read more
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AGL: Aussies willing to pay extra for homemade solar
The Australian » Business
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2w ago
The Liddell coal-fired power station is silent after more than 50 years and AGL Energy plans to transform the 10,000ha site into a renewable energy hub, keeping jobs in the region ..read more
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Lendlease faces writedowns amid pressure for split
The Australian » Business
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2w ago
Embattled property company Lendlease faces the prospect of taking deep writedowns on its portfolio as it ponders whether it will pursue a controversial demerger ..read more
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