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National Business
National Business
Cohere co-founder 'skeptical' of AI creating sci-fi doomsday scenarios
TORONTO — The head of Canadian artificial intelligence darling Cohere says the technology is not bound to exceed human capabilities any time soon and if it does, he's skeptical any sci-fi like scenarios will arise.
Jun 18, 2024 1:00 PM
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Emissions cap not possible without oil, gas production cuts: Deloitte
CALGARY — Canadian oil and gas companies facing a federally imposed emissions cap will decide to cut their production rather than invest in too-expensive carbon capture and storage technology, a new report by Deloitte says.
Jun 18, 2024 12:53 PM
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Nuvei shareholders approve US$6.3-billion private equity buyout
MONTREAL — Nuvei Corp. shareholders have voted overwhelmingly in favour of a plan that will see the company bought by an American private equity firm and taken private at a US$6.3-billion valuation. The company says 99.
Jun 18, 2024 12:20 PM
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WestJet mechanics hit airline with 72-hour strike notice
CALGARY — WestJet mechanics say they are poised to walk off the job early as Thursday night after serving the airline with a 72-hour strike notice yesterday.
Jun 18, 2024 12:17 PM
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Stellantis recalling nearly 1.2 million vehicles to fix software glitch that disables rear camera
DETROIT (AP) — Stellantis is recalling nearly 1.2 million vehicles in the U.S. and Canada to fix a software glitch that can disable the rearview cameras.
Jun 18, 2024 12:09 PM
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Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending
NEW YORK (AP) — Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending. Retail sales rose 0.
Jun 18, 2024 11:57 AM
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Dollar Tree left lead-tainted applesauce pouches on store shelves for weeks after recall, FDA says
Dollar Tree failed to effectively recall lead-tainted applesauce pouches linked to reports of illness in more than 500 children, leaving the products on some stores shelves for two months, the Food and Drug Administration said Tuesday.
Jun 18, 2024 11:15 AM
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Amazon Labor Union members vote overwhelmingly in favor of an affiliation with the Teamsters
New York City warehouse workers who are part of the Amazon Labor Union overwhelmingly voted to align themselves with the Teamsters as they try to get a contract from the online retailer. The ALU members voted 98.
Jun 18, 2024 10:47 AM
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Fisker files for bankruptcy protection, the second electric vehicle maker to do so in the past year
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology. Fisker Group Inc.
Jun 18, 2024 10:46 AM
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Ballard signs partnership deal with Vertiv for backup power systems for data centres
VANCOUVER — Ballard Power Systems Inc. and Vertiv have signed a partnership deal focused on the use of hydrogen-powered fuel cell systems for backup power applications in data centres.
Jun 18, 2024 10:45 AM
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