Business

Oil price today: Brent crude, WTI over $100 per barrel for first time in 4 months

This week, oil prices surged past a hundred dollars per barrel amidst growing worries over supply disruptions caused by attacks on shipping routes in the Middle East. US fuel prices reflect this trend as supply chains experience strain…

Insurance must drive Nigeria’s $1trn economy – NAICOM

NAICOM says the Nigerian insurance industry must boost capacity, tech, and trust to drive the nation’s $1trn economy. Learn about the new reforms. Read More: https://punchng.com/insurance-must-drive-nigerias-1trn-economy-naicom/

OpenAI Is Open to Slowing Cutting-Edge AI, Altman Tells Staff

OpenAI is considering slowing down the development of cutting-edge artificial intelligence, with CEO Sam Altman hoping other AI companies will do the same. (Source: Bloomberg)

Japan’s producer price gains stay elevated, backing BOJ hikes

The measure of input prices for Japanese firms rose 7.6% in August from a year earlier, the Bank of Japan has reported.

Hassett kept up to $5 million Coinbase stake as Trump reshaped crypto policy

Trump economic advisor Kevin Hassett owned as much as $5 million in Coinbase while serving as the White House's top economic advisor, his disclosure shows.

Chinese Nvidia rival Enflame soars 206% on stock market debut as AI demand stays hot

Chinese AI chipmaker Enflame, an Nvidia rival and one of China's "four little dragons," made its Shanghai market debut.

Trump says he has no regrets about starting the Iran war as U.S. dials up economic pressure

Speaking to Fox News presenter Laura Ingraham, Trump said that he would have attacked Iran despite the impact on the midterm elections.

Copper Heads for Weekly Loss as Doubts on US Tariffs Intensify

Copper headed for its first weekly loss since June on concern the US is pushing back a decision on whether to impose import tariffs.

California enacts new curbs on social media for children

U.S. lawmakers call for new AI rules after Anthropic researcher’s safety warning

The call comes as an Anthropic researcher raised concerns about OpenAI and Anthropic racing toward AI advancements without acting responsibly.

Crude hits $107, fresh petrol price hike looms

Another petrol price hike is imminent in Nigeria as international crude oil prices surge to $107 per barrel due to the ongoing US-Iran conflict. Read More: https://punchng.com/crude-hits-107-fresh-petrol-price-hike-looms/

Y Combinator’s Garry Tan says 'do nothing' about distillation as AI giants accuse China of copying their tech

At Y Combinator’s annual Demo Day, CEO Garry Tan explained why he's less concerned about frontier AI model distillation and the existential risk of AI.