Locals fear one of the largest data centres proposed for Asia Pacific will use water from ‘stressed’ River Murray

Clayton Heinrich has owned his 1,000-hectare farm in the locality of Bright in South Australia’s Mid North for more than 40 years. He said the once-clear horizon of his retirement property had changed dramatically over the past three years, and his plans were now uncertain. “I used to get people out here to have a…

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Former Mackay mining executive charged with possessing child abuse material in Bali

A former high-level mining executive has been denied bail after facing court charged with possessing child exploitation material overseas and distributing indecent material to children. The Mackay Magistrates Court heard on June 17 that, between 2022 and 2024, an Australian Federal Police investigation allegedly found Ole Saeverud to be in possession of multiple instances of…

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Energy industry sector weighs in on AI data centre risks to Marinus Link

Energy industry voices are warning that the business case for Marinus Link appears increasingly unviable if power-hungry players such as AI data centres continue to expand across Tasmania. Firmus Technologies, a Singapore-based company led by co-founders Oliver Curtis and Tim Rosenfield, has designs on using a significant portion of Tasmania’s energy to power three AI…

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Australia’s financial industry should prepare for ‘more shock-prone future’, RBA warns

Australia’s financial industry needs to prepare for a “more shock-prone future” in the age of foreign interference and cyber attacks, a Reserve Bank official has warned. The new era of strategic uncertainty has serious implications for Australia, and the financial industry has to develop more crisis and contingency plans for extreme, but plausible, geopolitical scenarios,…

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Saskatchewan health technology leaders looking to province to adopt innovations

Health technology leaders in Saskatchewan say they have answers to some of the province’s most pressing health care challenges, but require more collaboration from the government to advance their innovations. The half-dozen technology founders and innovators shared their perspectives with the province’s health minister on the benefits of working with Saskatchewan leaders in the sector…

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How the explosion of the ultra-wealthy risks democracy

Can democracy survive the existence of trillionaires? French economist Gabriel Zucman, one of the world’s foremost experts on wealth taxation, raised that question last week. He said anyone celebrating Elon Musk’s US$1 trillion fortune needed to understand the fundamental tension between extreme wealth and the very possibility of democracy. “The explosion of billionaire wealth has…

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Elon Musk’s SpaceX trillions are fuelled by AI and his pied piper power over investors

In 2010, around the time of Tesla’s Initial Public Offering (IPO), an acquaintance proudly showed me his red Tesla Roadster, the first imported into Australia. It was a fine little rocket, the first electric vehicle of the modern era, discontinued in 2012 having provided the engineering and financial foundations for the Model S and, eventually,…

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