When David Ha started an AI company in Japan with his former Google colleague, they had a choice: create another huge, energy-intensive tool like ChatGPT, or go their own way. In starting the company, Ha has put down roots in Japan, which "has its problems" but remains "a leading democracy in Asia", he said.
Global carmaker Stellantis said Thursday it will buy a 20 percent stake in Chinese electric car maker Leapmotor, making it the latest European brand seeking a foothold in the country's highly competitive market via partnerships with local manufacturers. Other European manufacturers have also stepped up partnerships with Chinese companies to win over local customers.
European Central Bank policymakers are widely expected to leave interest rates unchanged when they meet in Athens on Thursday, as their previous policy moves seemed to be biting. - 'Clear impact' - ECB policymakers were in "watch and see" mode Thursday, Ducrozet said, with new official forecasts only set to be published at the governing council's next meeting in December.
The US auto workers union reached a tentative agreement with Ford late Wednesday, a breakthrough in a 41-day stoppage on Detroit's "Big Three" car manufacturers.
American toy maker Mattel revised its annual earnings forecast after its third quarter results beat analysts' expectations, riding on the success of the "Barbie" blockbuster. He added: "Our results benefited from the success of the Barbie movie, which became a global cultural phenomenon, and marked a key milestone for Mattel."
A bill that would prohibit the Central Bank of Nigeria (CBN) Governor and Deputy Governors from engaging in politics while in office is being debated by the Senate.
President Bola Ahmed Tinubu has received the first report from the Fiscal Policy and Tax Reforms Committee as he seeks to revive Nigerian economy and boost revenue.
The North East region in Nigeria is leading others with the highest growth in Internally Generated Revenue (IGR) in the last three years. NBS data reveals
Sales of new US homes picked up more than anticipated in September, government data showed Wednesday, with the tight supply of real estate pushing more buyers into the market for new properties. Last month, sales of existing homes, which form the majority in the market, hit the lowest rate in 13 years, according to industry data.
Boeing reported another hefty loss Wednesday as it trimmed its full-year forecast for deliveries of the 737 to address a manufacturing problem on the aircraft. The US aviation giant, which has struggled with manufacturing and quality control issues in recent years, reported a third-quarter loss of $1.6 billion,which translated into a bigger per-share hit than analysts estimated.
Economy
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