Sydney morning briefing

Sydney metro delay halts airport train production

Morning, Sydney. Monday's cold and grey, so let's warm up with what matters today.

Weather

9C, Overcast

Delay to Sydney metro build forces ‘pause’ in production of new airport trains
A delay to the Sydney metro build has forced a pause in production of new airport trains in Europe. The production pause illustrates the troubled state of the multibillion-dollar project and the ripple effect delays are having across the scheme.
smh.com.au
Post-COVID debt explosion a major challenge for all states, bar one
S&P Global predicts that post-COVID debt will pose a major challenge for all Australian states bar one, as service cuts loom across the country when interest bills on record debts finally start to bite.
smh.com.au
Will the $155b data centre boom pay off for us all?
The $155 billion data centre boom is shaping up as a huge economic trend that could rival the mining boom, though the big numbers don't tell the full story about whether it will pay off for all Australians.
smh.com.au
ASX set to advance, Wall Street’s AI slump picks up pace
Most of the US stock market rose after oil prices eased back, but drops for stocks caught up in the AI mania kept the market in check, with the ASX set to advance today.
smh.com.au