A winner of this year’s Nobel prize in economics warned Monday that artificial intelligence offers "amazing possibilities" but should be regulated because of its job-destroying potential. And it also obviously has an amazing potential for destroying other jobs or replacing highly skilled labor.
Global infrastructure investor, Bayo Ogunlesi, has explained plans to invest in three key critical sectors of Nigeria's economy after a meeting with President Tinubu
German industrial orders unexpectedly fell in August, marking a fourth straight month of decline, official data showed Tuesday, the latest blow to the government's efforts to reboot the ailing economy. Analysts surveyed by financial data firm FactSet had predicted an increase of one percent in August.
Solar and wind farms generated more electricity than coal for the first time on record this year, but US and Chinese policy shifts are slowing growth, putting a global 2030 target out of reach, reports said on Tuesday. The report found that solar power generation jumped by a record 31 percent in the first six months of 2025, far outpacing wind, which grew 7.7 percent.
Torrential rains that triggered deadly landslides and floods in India's Darjeeling region also destroyed swathes of premier tea estates, officials said Tuesday. Landslides destroyed more than 500 houses, forcing hundreds into temporary shelters, while tourists trapped by floodwaters were rescued by earthmovers, officials said.
The European Union will take a page out of US President Donald Trump's tariff playbook on Tuesday with a plan to hike levies and slash quotas for imported steel -- to protect the bloc's struggling industry from cheap Chinese competition.
The dizzying investments in artificial intelligence infrastructure do not constitute a bubble but rather represent today's "new normal" to meet skyrocketing user demand, Fidji Simo, OpenAI's de facto number two, said on Monday. - Is the AI investment frenzy a bubble right now?
Japanese stocks hit another record Tuesday, building on the previous day's surge following the election of a pro-stimulus advocate to lead the country's ruling party, while gold also pushed to a new high amid the US government shutdown and French political upheaval.
Noisy TV commercials were banned in California on Monday, with a new law that demands pitchmen turn the volume down. "We heard Californians loud and clear, and what's clear is that they don't want commercials at a volume any louder than the level at which they were previously enjoying a program," Governor Gavin Newsom said after signing the bill into law.
German Chancellor Friedrich Merz said Monday he wants the EU to scrap its planned 2035 deadline for ending new combustion-engine vehicle sales as his country looks for ways to help its ailing car industry. Merz also expressed hope that synthetic fuels could be developed in the coming years which would allow combustion engines to run "in an environmentally friendly manner".
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