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The Australian
 

Good afternoon,

NSW’s two largest coal-fueled power stations are running at reduced capacity just as energy demand gathers momentum for the summer demand.

Meanwhile, the year's biggest float has so far been a failure if the latest share price is anything to go by. On the second day of trading, shares in DigiCo Infrastructure REIT, launched by David Di Pilla's HMC Capital, have now lost 17 per cent of their issue price.

And Amazon is significantly undercutting its competitors as it seeks to take the lead in the AI race and overcome one of the biggest hurdles in launching the tech at scale: cost.

Perry Williams
Business editor
The markets


Commentary
The message from the Boyle fiasco is clear: don’t tell the truth
By ROBERT GOTTLIEBSEN
Business Columnist
As federal politicians review their performance in 2024, arguably every single one of them should consider hanging their head in shame.
Latest news
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Internal Premier Investments documents show its Peter Alexander sleepwear brand has had a difficult launch in the UK, and Solomon Lew’s other fashion brands in Australia are facing sliding sales growth.
By ELI GREENBLAT
Anthony Pratt to kickstart $6bn American manufacturing dream
The Australian billionaire is back in favour with incoming US President Donald Trump, whose policies are set to help lift Pratt Industries to its highest ever levels.
By JOHN STENSHOLT
Nyrstar cops large write down against Australian smelting assets
Nyrstar has written down its Australian smelting assets at Port Pirie and Hobart by more than $450m, while a Mongolian fraud cost its parent Trafigura more than $US1bn.
By CAMERON ENGLAND
ASIC slams HSBC standstill in scam, fraud fight
The corporate regulator has taken aim at the Antony Shaw-led HSBC Australia over the bank’s alleged failure to stop scams and fraud that resulted in customer losses of more than $23m.
By DAVID ROSS
How Visa plans to change online shopping
AI is set to transform the way we shop – with bots able to buy birthday gifts and write cards in the background – while big changes are coming to loyalty programs, Visa says.
By JARED LYNCH

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