Economy
OpenAI releases reasoning AI with eye on safety, accuracy
ChatGPT creator OpenAI on Thursday released a new series of artificial intelligence models designed to spend more time thinking -- in hopes that generative AI chatbots provide more accurate and beneficial responses. OpenAI's push to improve "thinking" in its model is a response to the persistent problem of "hallucinations" in AI chatbots.
Business groups ask Ottawa to prevent Air Canada strike
Groups representing more than 200,000 businesses across Canada on Thursday urged the government to intervene to block a looming pilot's strike at flagship carrier Air Canada that they say risks devastating the economy.
Rice price crashes as FG sells 50kg bag cheaper, dealers show best brands
The price of rice has crashed drastically following the release of the product into the market by the Nigerian government import duty waiver by the Customs.
'Historic': Bad weather slashes wine harvest in France's Jura
Heavy rainfall, hail and mildew have destroyed most of the wine harvest in eastern France's Jura region for this year, leaving winegrowers struggling. "Those leaves were very thin and fragile, and sub-zero temperatures destroyed them, costing us 60 percent of the harvest."
Fiat 500 electric production pauses for one month
Carmaker Stellantis said Thursday it would halt production of the electric version of its emblematic Fiat 500 in Italy due to weak demand, a move that comes as EV sales have slowed in Europe. The carmaker added it was investing 100 million euros ($110 million) to give the compact model a stronger battery and boost production capacity at the Fiat Mirafiori factory outside Turin.
Nigeria sold N14trn worth of crude oil in 3 months, 10 countries emerge as biggest customers
The National Bureau of Statistics has revealed that the federal government of Nigeria, through NNPC, made over N14 trillion from crude oil in three months.
Naira recovers near N1,500/$ as CBN officially adjusts exchange rates, traders happy
The naira rallied against the US dollar in the official exchange rate window on Wednesday, September 11, 2024, to N1,558.75 per dollar from the previous day's rate.
Brazil urges EU to suspend 'punitive' anti-deforestation law
Brazil said Thursday it has urged the EU to suspend the implementation of a ban on imports of products driving deforestation, describing the new rules as "punitive". Brazil said it considered the legislation "a unilateral and punitive instrument that disregards national laws on combating deforestation", adding it increased production and export costs especially for smallholders.
UniCredit CEO says Commerzbank takeover an option: Bloomberg
UniCredit is studying a takeover of Commerzbank, Chief Executive Andrea Orcel said Thursday, a day after Italy's second-largest bank surprised markets by revealing a nine-percent stake in its German rival.
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