National Business

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.