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Canada maintains key interest rate at 5%
Canada maintains key interest rate at 5%
by  AFP

Canada's central bank on Wednesday held its key lending rate at five percent, citing the global economic slowdown and easing inflation. The data "suggest the economy is no longer in excess demand," the central bank said, adding the economic slowdown has reduced price pressures for an array of goods and services.

Google looks to take generative AI lead with Gemini
Google looks to take generative AI lead with Gemini
by  AFP

Google on Wednesday infused its Bard chatbot with a new-generation artificial intelligence model called Gemini, which it touts as being able to reason better than ChatGPT and other rivals. Google in September integrated Gmail, YouTube and other tools into its Bard chatbot as tech giants seek to persuade users that generative AI is useful and not dangerous or just a fad.

Italy's ruling parties kill minimum wage bill
Italy's ruling parties kill minimum wage bill
by  AFP

Italy's governing right-wing parties on Wednesday scuppered an attempt by the opposition to introduce a minimum wage, which would have brought the country into line with the majority of the EU. Members of parliament voted instead to give Prime Minister Giorgia Meloni's hard-right government six months to enact measures to make pay in Italy "fairer".

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