Peter Malinauskas compares spending $45 million to redevelop the North Adelaide golf course to similar funding for the AFL to play in the Barossa Valley, as media reports suggest Saudi Arabia's Public Investment Fund is preparing to pull financial support for LIV Golf.
The ASX is expected to open lower due to global market declines, influenced by Middle East tensions and rising oil prices. Key events include RBA governor Michele Bullock's appearance before Senate estimates and the release of fresh trade data.
Australian economists warn of an economic slowdown driven by interest rate hikes and cost-of-living pressures. GDP per capita contracted, and unemployment is expected to rise, with recession risks increasing despite a boom in data center investment.
Australian economists warn of an economic slowdown, citing interest rate hikes and cost-of-living pressures. GDP grew only 0.3% in Q1 2026, with GDP per capita falling. Inflation remains high, and recession risks are rising, though data center investment offers a bright spot.
Sydney homeowner Meg Girdler fears negative equity as property prices drop 2.1% since December. Government tax changes and a 5% deposit scheme aim to help first-time buyers but may leave recent purchasers vulnerable. Experts suggest negative equity is rare but recovery is uncertain.
NACHRICHTAIAustralia's Q1 GDP grew 0.3%, driven by datacentre investment in machinery and equipment. This surge raises climate concerns, as datacentres are projected to significantly increase electricity consumption and greenhouse gas emissions, potentially derailing climate goals.
A Deloitte report names 2026 the 'Year of AI,' predicting that organizations effectively blending human and machine capabilities will be the biggest winners. While AI disrupts 82 occupations, it also enhances demand for roles requiring human judgment and leadership, though overall hiring may slow.
