Energy
CEO Jason Boyes told Capital Brief there’s no point in committing capital to smaller companies in its portfolio when the data centre outlook looks so rosy.
The SGH boss is tilting his construction and energy assets to capitalise on the AI arms race, while hunting an alternative M&A splash as the chances of a BlueScope deal fade.
Jim Chalmers warned the impact of the Iran war could become “quite severe” on the economy, as Treasury modelled a worst case scenario where oil prices hit USD200 per barrel.
Treasurer Jim Chalmers is expected to hand down a budget including some of the Albanese government’s most ambitious gambits yet.
On one side of Sydney, the government confirmed plan to reduce gas shortfalls. On the other, CEOs were figuring out how to cope with a quadrupling of power demand caused by data centres.
The government has unveiled a $10 billion fuel support package as Treasurer Jim Chalmers dismisses spending warnings from the Reserve Bank.
Sanae Takaichi leaves Canberra with short-term assurances over energy supply. But her visit may have significant implications in a dangerous region.
