Business

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

OpenAI is considering slowing down the development of cutting-edge artificial intelligence, and the ChatGPT maker’s Chief Executive Officer Sam Altman is hoping that other AI companies will do the same.

FRSC warns overloading endangers lives, damages roads

The FRSC warns that vehicle overloading threatens lives, damages Nigerian roads, and harms the economy, calling for shared responsibility to stop the pract Read More: https://punchng.com/frsc-warns-overloading-endangers-lives-damages-roads/

Japan's wholesale inflation stays elevated in August, boosts case for rate hike

Tencent-Backed Chipmaker Enflame to Debut After $911 Million IPO

Shanghai Enflame Technology Co., backed by Tencent Holdings Ltd., is set to begin trading in Shanghai Friday after raising about 6.12 billion yuan ($911m), as the last of the so-called “four little dragons” of leading Chinese artificial…

Japan’s Producer Price Gains Stay Elevated, Backing BOJ Hikes

Prices for Japan’s corporate goods rose at a faster pace than expected in August, supporting the case for the Bank of Japan to keep raising interest rates to stem upside inflation risks.

China Halts New Battery Factories on Capacity Concerns: Caixin

China has temporarily suspended construction of new projects to manufacture power and energy-storage batteries, pending a year-end review of industry capacity, Caixin reported.

Analysts: Trade surplus to narrow as oil prices moderate

Nigeria’s record trade surplus is expected to narrow in H2 2026 as analysts predict a moderation in global crude oil prices, according to a new report. Read More: https://punchng.com/analysts-trade-surplus-to-narrow-as-oil-prices-moderate/

The iPhone Duo enters China’s crowded foldable market — and faces a price test

Chinese netizens focused on the price of Apple’s iPhone Duo, as cheaper Xiaomi and Huawei foldables raise value comparisons and muddle the foldable's reception.

Global Bond Selloff Sends 10-Year Treasury Yields to Cusp of 5%

Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week.

Edmond de Rothschild Says Buy Yen Dips as Carry Trade Unwinds

The yen’s recent rally marks the beginning of a broader correction in the currency’s long-running undervaluation, according to Edmond de Rothschild Asset Management.

Can a US$6 trillion South Korea-Japan economic bloc succeed?

A fraying global economic order could push South Korea and Japan towards deeper trade integration, with business leaders and analysts saying the two neighbours stand to benefit from such a partnership despite lingering historical wounds…

SoftBank Rally Raises Short Squeeze Risk After Bearish Bets Jump

SoftBank Group’s recent rally exposes risks for investors with short positions that have risen to a one-year high.