ABC Business Daily

Artificial intelligence - and the data centres that support it - are no longer just a share market story.

It’s become a conversation about power, water, land, security, and who gets to build the infrastructure behind the next wave of the economy.

Craig Scroggie has spent 15 years building NEXTDC into one of Australia’s biggest data centre companies - and now the AI boom is sending that business into overdrive.

What does he make of the surge in demand, and the enormous build-out now under way? And what about the harder questions that come with it: how much energy will AI need? Do data centres like his push up power bills? What does it all mean for jobs? And can Australia turn this into a genuine strategic advantage?

NEXTDC chief executive Craig Scroggie joins Alan Kohler to unpack it all on That's Business with Alan Kohler.

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Brent Crude has spiked and fallen. Donald Trump is being briefed on new military possibilities in Iran. And Australian supermarket giants Coles and Woolies have warned that they are facing higher cost pressures from transportation to packaging. It's been another busy week in fuel news. 

Carrington Clarke and Alan Kohler help you keep on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.

Got a burning brent crude question?

Send an email to Carrington and the team [email protected]

Woolworths has warned its profit is going to be hurt by surging inflation, sending the share price of the Australian supermarket giant tumbling.

And while Woolworths might be promising to lock in the price for 300 items, there’s growing warnings about the rate at which other costs are going to grow, including for plastics packaging.

Are the worst fears about this energy crisis starting to play out?

Carrington Clarke and ABC Business Reporter Emilia Terzon break it all down on ABC Business Daily.

Got a burning business question?

Send a short voice recording to Carrington and the team at [email protected]

Inflation is rising at its fastest pace since September 2023 - driven in part by the global fuel shock - and it is now putting fresh pressure on the Reserve Bank ahead of next week’s rates decision.Australia’s annual headline CPI rose to 4.6 per cent in March, up from 3.7 per cent in February, driven by a surge in the cost of energy as the oil supply shock bites.So what do the latest CPI numbers say about the state of the Australian economy? And how much of the full energy shock is still to come?

Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.

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Send a short voice recording to Carrington and the team at [email protected]

The UAE is leaving the Organization of the Petroleum Exporting Countries (OPEC), marking another shift for a group that once had far greater control over the global oil market. 

So what does the move mean for oil prices, supply shocks, and the balance of power in energy?

Carrington Clarke and Alan Kohler help you stay on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.

Got a burning brent crude question?

Send an email to Carrington and the team [email protected]

Under outgoing CEO Tim cook’s 14-year tenure, tech titan Apple skyrocketed from the billions to the trillions of dollars in value. But unlike its competitors, Apple has been relatively restrained in AI investments.

Is that about to change?

And the Opposition is calling on the government to double minimum fuel reserves held in Australia as it unveils a proposed fuel plan in light of the ongoing energy crisis.

So what are the economics behind storing more fuel?

Carrington Clarke and ABC Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.

Got a burning business question?

Send a short voice recording to Carrington and the team at [email protected]

For watchers of the Australian economy, it’s off to the races, with important data and decisions on the horizon.  

Wednesday's inflation numbers will provide crucial information for the RBA’s interest rate decision expected next month.  

And in the United States, five of the so-called Magnificent Seven tech companies, are set to release their results this week, causing investors to revisit questions about the valuation of AI. 

Carrington Clarke and ABC Business Reporter Daniel Ziffer break it all down on ABC Business Daily.

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We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.

Donald Trump has issued a fresh warning on Iran’s oil infrastructure - even as petrol prices edge back towards where they were before the conflict began.

With diesel still elevated, are lower pump prices hiding the broader economic damage of the ongoing energy shock?

Carrington Clarke and Ian Verrender help you stay on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.

Got a burning brent crude question?

Send an email to Carrington and the team [email protected]

A fire at one of Australia’s last two refineries would be a big story at any time. In the middle of a fuel shock, it becomes something else.

Viva Energy is at the centre of a very difficult moment for Australia’s fuel system. As the Geelong refinery deals with the fallout from last week’s fire, and conflict affecting the Strait of Hormuz continues to drive prices higher, Alan Kohler asks what it means for a country that now has very little refining capacity left.

It’s a conversation about supply, security, refining capacity, and how Australia ended up so exposed when global energy markets go wrong.

Viva Energy CEO Scott Wyatt joins Alan Kohler to unpack it all on That's Business with Alan Kohler.

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Send a short voice recording to the ABC Business Daily team at [email protected]

Petrol prices are moving closer to where they were before the war began - but diesel is telling a different story. 

With Brent crude rising again, why has unleaded eased while diesel remains so high, and what does that say about global supply?

Carrington Clarke and Alan Kohler help you stay on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.

Got a burning brent crude question?

Send an email to Carrington and the team [email protected]