The Nasdaq and the S&P 500 have closed at more than one-week lows, dragged down by sharp losses in semiconductor stocks as investors scrutinised growing debt-funded AI spending.
Water Corp explores $1.3b Shenton Park call
The Water Corporation is considering spending $1.3 billion to replace its ageing western suburbs water treatment plant, in a move which could free up prime land in Shenton Park.
Named for nearby Subiaco, the existing facility in Shenton Park supplies around 250,000 people and is the third-largest wastewater treatment facility in metropolitan Perth.
The site has hosted wastewater treatment activities since 1927 and received $48 million worth of upgrades in 2018 as part of a bid to expand its treatment capacity.
Sam Jones reports on calls for the creation of a middle-power coalition to secure subsea data lines.
