AGP Executive Report
Last update: 15 minutes agoAI Investment: Nvidia-backed Firmus scrapped its planned Australian float after investors balked at its valuation, dealing a blow to the country’s biggest AI infrastructure bet. Small Business: After a backlash, the government delayed the ATO’s credit-card payment ban until June 2027; businesses say wider surcharge changes still leave them facing costs. Credit Rating: Another ratings agency affirmed Australia’s AAA status, offering a vote of confidence as economic pressures persist. Jobs: Treasury Wine Estates plans to cut 170 roles as it reshapes its business. Housing: Home values fell in 82 per cent of Australian suburbs, while record rents continue to add pressure to household budgets.
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