Wealth Exodus: Australians Flock To Property Investment Over Business

Europe Heads Toward Winter With Too Little NatGas And Skyrocketing Prices European natural gas prices are trading near their highest level in more than three years as the race to replenish storage puts a bid under prices, while ongoing disruptions through the Strait of Hormuz intensify competition for scarce LNG cargoes ahead of winter. On Tuesday morning, European natural gas benchmark futures edged up nearly 3% to trade around 75 euros per megawatt-hour, the highest level since early January 2023. Bloomberg reporter Priscila Azevedo Rocha noted, "Europe needs higher gas prices...

Saudi Aramco Evacuates HQ, All Staff Put On Remote Work Saudi oil giant Aramco has evacuated its headquarters in Dhahran after it recently came under a Houthi ballistic missile attack out of Yemen. Sources told the AFP and Reuters that the company told remaining staff to evacuate from its headquarters amid two weeks of intensified Houthi attacks across the region. via Saudi AramcoThe City of Dhahran is in the Eastern Province of the country, and is the administrative center for the Saudi oil industry. There are sprawling residential areas for employees near the...

Is The AI Spending Boom Creating A Depreciation Time Bomb? Via City AM, Big Tech's AI spending has exploded, with Google, Microsoft, Amazon, and Meta collectively investing hundreds of billions of dollars in infrastructure. Rapid technological change may shorten the economic life of AI servers and GPUs, increasing depreciation and replacement costs. The long-term profitability of AI will depend not only on demand growth but also on whether companies can justify the enormous ongoing capital requirements. The eye-watering capital expenditure plans of Big Tech has been one of the year’s biggest stories.  Google, Meta, Amazon, and...