Chalmers cheers OpenAI’s new $7bn Sydney datacentre; emergency bushfire warnings in NSW – as it happened | Australia news

What we learned, Friday 5 December

That’s it for today, thanks for reading. Here are the main stories from today:

Have a great weekend.

Share

Updated at 

Key events

Billionaire Solomon Lew says he cannot recall worse cost-of-living pressures in his decades in business

Billionaire retailer Solomon Lew warns cost-of-living pressures are taking a toll on consumers, leading to a weaker earnings outlook for his company, AAP report.

Premier Investments, the parent company of back-to-school brand Smiggle and sleepwear brand Peter Alexander, expects to make $120m in earnings for the 26 weeks to 24 January.

That’s down from the $129.4m generated by the two brands, which are some of Australia’s most recognised, during the same period a year ago.

Peter Alexander delivered record sales across the Black Friday and Cyber Monday discount shopping period, Mr Lew said, but overall consumer sentiment was down.

“You only have to look at what’s taking place with people not paying their electricity bills in NSW and other states and having to apply for extended terms,” the 80-year-old retail legend told reporters following the company’s annual general meeting in Melbourne on Friday.

“I can’t recall this, in all my years in business, ever [seeing] a situation like this previously.”

Solomon Lew. Photograph: Nadir Kinani/AAP
Share

Updated at 

#Chalmers #cheers #OpenAIs #7bn #Sydney #datacentre #emergency #bushfire #warnings #NSW #happened #Australia #news

发表评论

您的电子邮箱地址不会被公开。