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  • Powering the Future – Australia Data Centre Trends in the AI Era | Alvarez & Marsal | Management Consulting

    Powering the Future – Australia Data Centre Trends in the AI Era | Alvarez & Marsal | Management Consulting

    The AI revolution is here, and Australia is at the forefront of this transformation. With over 1.2 GW of installed IT capacity and a projected demand exceeding 3 GW by 2030, the nation is rapidly becoming a global hub for AI-driven digital infrastructure. From cutting-edge GPU-as-a-Service models to energy autonomy and smarter, AI-optimised designs, the data centre landscape is evolving to meet the demands of high-density, high-performance workloads.

    Australia’s unique position—technologically, geographically, and politically—makes it a critical bridge between Asia-Pacific and Western markets. Strategic investments in subsea cables, renewable energy, and advanced connectivity are driving this growth, while innovations in AI efficiency and infrastructure design are unlocking new opportunities for investors, developers, and operators.

    This keynote was delivered by John Sanger, Managing Director at Alvarez & Marsal, at the Future Place Data Centre Summit on 19 June 2025. Discover the key trends shaping the future of data centres in Australia and learn how to navigate this dynamic market to stay ahead in the AI era.

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  • Clean energy: India can’t wish away coal

    Clean energy: India can’t wish away coal

    Navin Singh Khadka

    Environment correspondent, BBC World Service

    Bloomberg via Getty Images A worker wearing a colourful saree carries coal on her head at a mine in the outskirts of Dhanbad, Jharkhand, India, on Friday, Aug. 30, 2024. The Indian state of Jharkhand has passed a bill imposing mining taxes, according to people familiar with the matter, a move that's set to inflate the prices of minerals - from coal to bauxite. Bloomberg via Getty Images

    India heavily relies on coal to meet its daily energy demands

    India has always taken a hard position on coal, arguing that it is crucial for its energy security and developmental needs.

    But energy experts and environment campaigners are increasingly saying it should at least try to decarbonise or curtail emissions from coal-fired power plants, if it can’t be phased out altogether.

    “You can’t wish away coal,” Ashok Lavasa, a former secretary of union ministries of finance, and environment, forest and climate change, said at an event on 1 July.

    “The question is, if coal is king, then can it be a benevolent king?”

    This signals to the fact that, realistically speaking, coal – albeit cleaner coal – may remain the primary power source of energy in India, despite years of international climate talks asking for the highly polluting fossil fuel to be phased out entirely.

    But why has India – the world’s third largest carbon emitter – decided to stick to coal in the first place? After all, the country has international obligations to significantly cut its carbon emissions, along with its own target to bring down the levels to net zero by 2070.

    A part of the answer lies in the rising power demands of the country.

    India’s electricity demand has grown by more than 9% between 2021 and 2025, surpassing a previous prediction of 6.6% – and it is now forecasted to double by 2030.

    Coal-fired power plants have generated more than 70% of the total electricity supply every year since the early 2000s – a figure that remains unchanged.

    But the environmental cost of this reliance on coal is huge.

    Estimates suggest that India’s electricity generation alone accounts for more than 40% of the annual carbon emissions – and nearly three-quarters of that electricity comes from coal-burning.

    The country has made progress in meeting its renewable energy targets – it contributes 46% of India’s total installed capacity – but renewable sources have limitations. They generate electricity when the sun is up and the wind is blowing.

    Even at daytime, experts say, supply from renewables can fluctuate, whereas thermal plants remain a constant source of electricity and are able to cater to peak demand in the evenings and at nighttime.

    Getty Images The photo shows wind turbines, with a hazy sky in the background at dusk. Getty Images

    India’s been developing renewable sources of energy like wind power – but more needs to be done

    What’s more, India’s energy storage capacity – or the ability to store excess electricity from renewables at daytime – has not been able to keep pace with the expansion of resources.

    “This means that there is no other option [other than thermal energy for constant supply] unless and until we have large-scale storage quantities in the system,” said Rajiv Porwal, director with Grid India, the grid controller of India under the ministry of power, speaking at the 1July event, organised by the Centre for Science and Environment (CSE).

    Experts say constant supply from thermal plants is crucial for the stability of the grid, or the network of towers and transmission lines that carries electricity from power plants to consumers.

    “Any large mismatch of demand and supply will destabilise the grid and that can mean power-cuts and blackouts, similar to what we recently saw in Spain,” says Anjan Kumar Sinha, an independent power sector expert.

    With all these factors at play, India is looking to reduce emissions from coal-fired power plants, instead of phasing out coal completely.

    A recent report by the CSE said that decarbonisation from coal-based thermal plants alone can cut down the country’s greenhouse gas emissions by 30%.

    This is particularly significant given the country’s commitment to reduce emissions intensity (carbon emissions produced per unit of a country’s economic output) by 45% by 2030 under the United Nations Framework Convention on Climate Change.

    Bloomberg via Getty Images Vapour rises from cooling towers at the NLC Tamil Nadu Power Ltd. (NTPL) power plant in Tuticorin, India, on Monday, March 18, 2024. State-run power producer NLC India Ltd., runs the NLC Tamil Nadu Power Ltd. (NTPL) power plant.Bloomberg via Getty Images

    Thermal plants are a major contributor of carbon emissions in the country

    But there are challenges.

    The common problem thermal plants face is that they must keep running at least at 55% capacity even at daytime, despite having alternate renewable sources like wind and solar power to rely on.

    That’s because operators cannot ramp up capacity to the fullest at short notice, particularly during the peak hours of evening when supply from renewables is down.

    Experts say there is an urgent need to make thermal plants more efficient so they can run at a lower capacity.

    “How low can we go [to bring down the minimum running level threshold] is the question,” said Ramesh Veeravalli, a member with India’s Central Electricity Regulatory Commission, speaking at the event. “Technically it is possible.”

    Another way to improve efficiency of plants is to adapt technologies that capture carbon dioxide emissions to keep them from escaping into the atmosphere

    But some say this has produced limited results, with one estimate by the World Resources Institute saying the technology at present captures only about 0.1% of the global emissions.

    A third suggestion is to burn agricultural residue in the place of coal in thermal plants.

    “This idea has led to a substantial reduction in coal usage in thermal power plants in Delhi and surrounding cities,” said Parth Kumar, a programme manager with CSE that has suggested methods of reducing emissions in its recent report.

    “But other parts of the country are yet to adopt this seriously, even though regulation requires them to,” he added.

    Experts say that reducing emissions from coal-fired power plants would need larger systemic changes, involving huge costs.

    But how much that cost would come down to – and who would bear it – are tough questions with no immediate answers.

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  • ‘Superman’ Box Office, Emmys, Rihanna Watch: Daily Variety Podcast

    ‘Superman’ Box Office, Emmys, Rihanna Watch: Daily Variety Podcast

    “Superman” flexed solid box office muscle in its debut weekend. Warner Bros. Discovery boss David Zaslav took an early victory lap over the Man of Steel’s performance, while Rihanna arrived fashionably late to Sunday’s premiere of “Smurfs” with her two young sons in tow.

    These stories are included in today’s installment of “Daily Variety,” a new podcast that features conversations with Variety journalists about news, trends and personalities making waves in media and entertainment.

    Rebecca Rubin, Variety‘s box office expert, weighs in on “Superman’s” performance and some of the suprising regional trends in its performance.

    “The top 10 markets were pretty standard. L.A., New York, Dallas, Chicago and San Francisco were some of the top markets. But when I was looking at the top 10 locations, something that caught my eye was there were two theaters in Florida, one in Orlando and one in Miami, and one theater in Atlanta that cracked the top 10 locations,” Rubin says. “Again, usually [the top 10] are populated by theaters in L.A., New York and Texas. I thought it was interesting that those Southern venues were some of the highest grossing. And so it played pretty evenly across the country.”

    Clayton Davis, Variety‘s chief awards editor, offered some last-minute thoughts on what to expect with Tuesday’s Emmy nominations. His biggest burning question is whether Television Academy voters will bestow a nomination on “The Pitt” star Noah Wyle. Wyle grabbed five consective supporting drama actor nominations from 1995 to 1999 for his work on NBC’s “ER.”

    “It’s been 26 years since Noah Wyle has gotten any nomination and I think [‘The Pitt’] is such a dark horse to win drama series,” Davis opines.

    Marc Malkin, Variety‘s red carpet veteran, offers a zippy “Just for Variety” rundown of “Smurfs” premiere event on the Paramount Pictures lot on a sizzling Sunday in Hollywood. Yes, Rihanna arrived nearly two hours after the screening ended. But she didn’t disappoint with her two young sons in tow and plenty of quips about her experience playing Smurfette.

    “This is not just for the kids. I’m a super-fan of Smurfs. I’ve always been a fan. I’m really excited for a new generation of Smurfs fans” to discover the film, the pop superstar tells Variety.

    Listen to Daily Variety on iHeartPodcasts, Apple Podcasts, Amazon Music, Spotify and other podcast platforms.

    (Pictured: Rihanna at Sunday’s premiere of “The Smurfs”

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  • Grace Foundation’s Dynamics 365 Platform Delivers Digital Dignity to Support Prisoners in Need – New Zealand News Centre

    Grace Foundation offers accommodation, rehabilitation and support for people exiting prison who often have nowhere else to go. It’s grown into Aotearoa’s largest residential bail provider, but its antiquated systems were making it tough to keep up. Tech partner Delta Insights stepped in with a built-for-purpose Microsoft Dynamics platform that’s set the organisation up to help many more prisoners in need, with much less hassle.  

    For nearly two decades, Grace Foundation has provided something rare for prisoners – a place to rebuild. Founded by the Letele whānau, the organisation is committed to comprehensive pathways for individuals exiting prison to find healing, structure and dignity.  

    Grace Foundation currently has 450 residents in care and another 700 on the waitlist. To handle this, the team was managing and tracking everything from referrals and placements to funding and reporting using unfit software, paper forms and spreadsheets. These methods limited what the organisation required and compromised the opportunity for growth. 

    “Grace has always led with heart,” says director Ulalei Letele. “But when you’re fielding hundreds of referrals and managing placements across multiple sites, heart alone doesn’t cut it. We needed better visibility, accountability, and ultimately, we needed to free up our people to focus on providing care, not admin.” 

    Recognising the need for a scalable solution, the Grace Foundation team worked with Microsoft to connect with Delta Insights and was recommended their community-focused solution, developing a plan to update and digitise the core operations. 

    A tailored system in record time 

    Delta Insights conceived the perfect Customer Relationship Management (CRM) system using Delta Reach, built on Microsoft Dynamics 365 and powered by Microsoft Azure, designed with the unique needs of Grace Foundation in mind. The Delta Reach product is a pre-built solution based on Microsoft Dynamics 365, tailored for not-for-profit, social services, and wellness organisations. 

    Through a series of intensive working sessions with Grace Foundation’s team, Delta Insights was able to identify exactly what they needed. 

    “This was a partnership at every stage,” says Delta Insights Co-Founder and Managing Director Dalia Raphael. “Grace Foundation was involved in every step of the build, from shaping how the referral system should work, to setting up programme pathways and housing flows. It was a genuinely collaborative design process.” 

    Four wāhine from Grace Foundation, all without previous tech backgrounds, joined the project team. For many, it was their first step into technology, something Delta actively encourages and supports. 

    “Our job is to build tools that communities can actually own,” says Raphael. “We’re not here to deliver a black box. We want clients to understand it, run it, adapt it. And Grace has done that with absolute clarity and commitment.” 

    “We are the enabler, allowing the Foundation to focus on providing the care and support for those in need.” 

    In just 12 weeks, “Gracie” the CRM was up and running. 

    Enabling vital mahi without the admin 

    The system allows Grace Foundation to handle referrals, allocate placements, manage housing stock, and generate reports for funders – all in one place, with AI automation embedded throughout. But it also does something less tangible, by creating confidence for the team to get their vital mahi done without wrangling data. 

    “Before Gracie, we were tied up in processes. We had software and spreadsheets, but no live visibility. We didn’t know how many rooms were free at a glance. We couldn’t report on outcomes easily. Now, we can. It’s changing how we operate,” says Letele. 

    With Gracie, there is an estimated $54,600 in admin time saved annually through centralised data reporting. This is critical for securing sustainable public funding, given Grace Foundation’s close work with government agencies and social services. That time savings is built into the solution itself. 

    The embedded Copilot AI helps frontline staff by auto-generating records for new enquiries, directing each case to the right programme coordinator, and recommending support options based on real-time data from Gracie’s operations. This means faster triage, less manual admin, and stronger reporting outcomes baked into every referral. 

    “Our people can spend more time with residents, provide more up-to-date reports, and keep the wheels turning,” says Letele. 

    “Funders want to see what’s working, and now we can show them. We’ve got real-time reporting, we’re not double-handling information, and we can respond quickly to what the data’s telling us.” 

    The road ahead 

    It doesn’t end there. Delta Insights is continuing to evolve the platform, with Grace Foundation exploring how Gracie could scale to support additional programmes as the organisation grows. 

    For Microsoft, the project is a powerful example of what technology can unlock when delivered through its partner ecosystem, for organisations of all sizes and across all sectors, including not for profits. 

    “Digital transformation is only meaningful when it leads to real-world impact,” says Vanessa Sorenson, Managing Director of Microsoft New Zealand. “Grace Foundation is changing lives every day. Our role is to support that, using the right tools, the right people, and the right partnerships.” 

    “Everyone deserves the belief and support of others – and that’s exactly what Grace Foundation offers to its people: aroha, awhi, and the chance to start again.” 

    Letele says he doesn’t know exactly what the future looks like.  

    “But we know Gracie will grow with us. That gives us comfort, the confidence to take the next step, and the capacity to grow our heart every day.” 

    Tags: Case Study, Microsoft 365


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  • Unreleased Beyonce music stolen in Atlanta on Cowboy Carter tour

    Unreleased Beyonce music stolen in Atlanta on Cowboy Carter tour

    Unreleased music by Beyoncé was among several items stolen from a vehicle in Atlanta, just days before the singer’s four-night Cowboy Carter tour stop in the city, authorities have confirmed.

    Hard drives containing the unreleased songs, show plans, and past and future set-lists for her tour were among the items stolen from a rental car used by the singer’s choreographer and one of her dancers, according to a police report.

    The theft occurred on 8 July, two days before Beyoncé’s first Atlanta performance.

    Atlanta police say an arrest warrant has been issued, but the suspect’s name has not been made public.

    Choreographer Christopher Grant and dancer Diandre Blue told police they had parked the rented Black Jeep Wagoneer and gone inside a nearby food hall. When they returned, the vehicle’s rear window had been smashed and two suitcases were missing, a police incident report states.

    They told police they were “carrying some personal sensitive information for the musician Beyoncé” in the vehicle that was also stolen.

    That included “five jump drives containing watermarked music, unreleased music, footage plans for shows past and future, and set list”, the report states.

    Other items reported stolen included a laptop, designer clothes and Apple AirPods. Authorities used tracking information on the laptop and headphones to track where the items may have gone, a police report notes.

    Authorities also dusted the vehicle for any fingerprints and discovered “two very light prints”.

    It’s unclear whether the stolen items have been recovered.

    The BBC has contacted a representative for Beyoncé for comment.

    Beyoncé is currently on tour in Atlanta as part of her Cowboy Carter stadium tour. She has been performing in the city since 10 July and her last show was set for Monday night.

    Her husband, the rapper Jay Z, made a surprise appearance on the third night of her show.

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  • Certain Nominees to Be Announced Earlier

    Certain Nominees to Be Announced Earlier

    So much for sleeping in on Tuesday morning.

    As a result of a bizarre last-minute decision, the nominees in two Emmys categories will be announced Tuesday morning on CBS nearly four hours ahead of the TV Academy’s official nominations announcement, The Hollywood Reporter has learned.

    CBS Mornings, the morning show on the network that will be broadcasting this year’s Primetime Emmys, will reveal the nominees for best reality competition series and best talk series at 7:47 a.m. ET/4:47 a.m. PT.

    They were expected to be announced, along with all of the other high-profile categories, at 11:30 a.m. ET/8:30 a.m. PT by Harvey Guillén and Brenda Song, stars of FX’s What We Do in the Shadows and Netflix’s Running Point, respectively, via the TV Academy’s website and YouTube channel.

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  • UK financial watchdog rolls out new rules to boost capital markets – Reuters

    1. UK financial watchdog rolls out new rules to boost capital markets  Reuters
    2. FCA cuts City fundraising red tape before Rachel Reeves’s speech  The Times
    3. London Eases Prospectus Rules To Revitalize Capital Markets  Finimize
    4. UK regulator looks to rewrite wealthy client categorisation rules in latest growth push  Citywire
    5. FCA eyes £40m cost savings for listed firms to boost shares issuance  Financial News London

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  • T&G Global (NZSE:TGG) shareholders have endured a 31% loss from investing in the stock three years ago

    T&G Global (NZSE:TGG) shareholders have endured a 31% loss from investing in the stock three years ago

    T&G Global Limited (NZSE:TGG) shareholders should be happy to see the share price up 17% in the last quarter. But that cannot eclipse the less-than-impressive returns over the last three years. After all, the share price is down 31% in the last three years, significantly under-performing the market.

    It’s worthwhile assessing if the company’s economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let’s do just that.

    AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part – they are all under $10bn in marketcap – there is still time to get in early.

    T&G Global isn’t currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. Some companies are willing to postpone profitability to grow revenue faster, but in that case one would hope for good top-line growth to make up for the lack of earnings.

    In the last three years, T&G Global saw its revenue grow by 0.5% per year, compound. Given it’s losing money in pursuit of growth, we are not really impressed with that. Indeed, the stock dropped 9% over the last three years. If revenue growth accelerates, we might see the share price bounce. But the real upside for shareholders will be if the company can start generating profits.

    You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).

    NZSE:TGG Earnings and Revenue Growth July 14th 2025

    It’s good to see that there was some significant insider buying in the last three months. That’s a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..

    It’s good to see that T&G Global has rewarded shareholders with a total shareholder return of 14% in the last twelve months. There’s no doubt those recent returns are much better than the TSR loss of 5% per year over five years. The long term loss makes us cautious, but the short term TSR gain certainly hints at a brighter future. It’s always interesting to track share price performance over the longer term. But to understand T&G Global better, we need to consider many other factors. For instance, we’ve identified 1 warning sign for T&G Global that you should be aware of.

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  • UK's Reeves to ease access to mortgages as part of finance reforms – Reuters

    1. UK’s Reeves to ease access to mortgages as part of finance reforms  Reuters
    2. Rachel Reeves to launch permanent mortgage guarantee scheme  Financial Times
    3. Chancellor’s permanent mortgage guarantee scheme ‘is no housing demand silver bullet’  Property Industry Eye
    4. WATCH: Greg Stafford MP: Some home truths about Labour’s mortgage gamble  Alton Herald
    5. Freedom to Buy mortgage scheme ‘nothing to get excited about’ – claim  Estate Agent Today

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  • ‘The Adventures Of Cliff Booth’ Casts JB Tadena In Undisclosed Role

    ‘The Adventures Of Cliff Booth’ Casts JB Tadena In Undisclosed Role

    EXCLUSIVE: JB Tadena (Kung Fu) is the newest addition to the cast of The Adventures of Cliff Booth, Netflix‘s David Fincher-directed sequel to Quentin Tarantino’s 2019 Oscar winner Once Upon a Time in Hollywood, sources tell Deadline.

    Reps for Netflix declined to comment. While we’re told Tadena will share the screen with lead Brad Pitt, who reprises his role as stuntman Cliff Booth, character details are under wraps, as is the film’s plot. As previously announced, Yahya Abdul-Mateen II, Elizabeth Debicki, Scott Caan, and Carla Gugino are also expected to feature in the cast, with Fincher working from a script by Tarinto that sees Booth turn Hollywood fixer. Production is expected to begin later this year.

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    Too Much

    Best known for starring in The CW’s Kung Fu, Tadena has also held roles on shows like The Cleaning Lady, Westworld and SEAL Team, among others. He was part of the voice cast of Disney’s Oscar-nominated animated feature Raya and the Last Dragon and also lends his voice to the new Annapurna Interactive game MixTape. He is represented by David Laffey at McMuffin Management and Prototype Talent Agency.

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