COST Financial News

The Greater Toronto Area‘s (GTA) housing crisis is intensifying, with new data revealing that high municipal fees and prolonged approval processes are driving up the cost of new homes.

The Bank of Canada likely can’t afford to continue its current pace of interest rate cuts and will have to pick up the pace at some point as soft economic data continues to come in, according to analysts at CIBC Capital Markets.

The Czech Republic’s central bank has cut its key interest rate for the seventh time in a row as inflation remains low and amid the economy’s slow recovery

Subscribe to enjoy similar stories. Delhivery Ltd is on a rocky journey as the market turf is changing for the leading logistics company in the express parcel and part truckload segments. Also, India’s third-party logistics sector is facing some headwinds amid increasing competition from established players and as online marketplaces like Meesho opt for their own delivery fleets.

workplace becomes increasingly digital, a new study has found that more than a third of the workforce is losing over 40 hours a year trying to decode and interpret what their colleagues are trying to say, essentially equating to a full work week lost. Atlassian, a provider of team collaboration software, surveyed 10,000 knowledge workers across India, US, Australia, Germany and France, for research, which highlighted the hidden costs of miscommunication in today's digital-first work environment. «This is what we call ‘emotional overhead’, the wasted time and emotional turmoil caused by unclear or ambiguous communication, and poses a serious challenge for businesses. In the time that knowledge workers are wondering what their colleagues mean to say or what their manager wants from them, they could be doing mission-critical work,» said Molly Sands, head of Teamwork Lab, Atlassian.

Subscribe to enjoy similar stories. Many dreams were shattered on 22 September. About 13 million people rushed to BookMyShow for the 150,000 Coldplay tickets available.

In October last year, when the trust's discount stood at nearly 60%, the board proposed a change to the capital allocation policy, with the aim of returning the first £100m of cumulative future realisations to shareholders, subject to it retaining a liquidity buffer.  Under the proposed changes, Chrysalis would maintain a working capital or liquidity buffer of up to £50m to ensure funds are available to support portfolio companies, if needed, as well as to cover fees and other running costs of the business. In a stock exchange notice today (25 September), the trust said the debt facil...

British Prime Minister Keir Starmer has tried to shake off his image as a gloom-monger by telling voters that better times are on the way — eventually

The Aussie peaked at $0.6907 in the early Asian session, its highest since February 2023, while the kiwi rose to a nine-month top of $0.6353, with both currencies extending their rallies from the previous session.

Stability AI said on Tuesday James Cameron, the director of «Titanic» and «The Terminator» movies, had joined the artificial intelligence startup's board. The meteoric rise of generative AI has drawn Hollywood's attention at a time when production costs have surged. After OpenAI's text-to-video tool Sora created waves in February with its high-quality videos, Hollywood executives and agents met with the company to discuss potential uses for the technology, industry insiders had said.

Subscribe to enjoy similar stories. Mumbai: China’s latest push to revive its struggling real estate sector could benefit Indian steelmakers but may still not be enough to resolve high steel imports from India’s neighbour, according to experts. “The stimulus should improve domestic steel demand in China, which would be positive for the global market," said Ranjan Dhar, director and vice-president, sales and marketing, ArcelorMittal Nippon Steel India (AM/NS).

Subscribe to enjoy similar stories. New Delhi: Foreign streaming apps new to India's crowded market are taking baby steps, as low returns in a price-conscious market deter them from making big bets with local originals. While Warner Bros has indefinitely delayed the launch of its streaming app HBO Max, and instead licensed content to JioCinema, Apple has tied up with Bharti Airtel for Airtel XStream customers to offer Apple TV+, which won't have any local originals.

Boeing is giving the union for 33,000 striking workers more time, but it still wants a vote on its latest contract proposal

Donald Trump has pledged to stop U.S. businesses from shipping jobs overseas and to take other countries’ jobs and factories by relying heavily on sweeping tariffs

The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market

Italy's main metalworkers union says workers in the automotive sector will go on strike on Oct. 18 in protest of declining output from Stellantis, the biggest carmaker in the country

More small firms say they’re harnessing AI to help their businesses

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The Conservatives have tabled a motion to try to declare non-confidence in Prime Minister Justin Trudeau’s government.

Real estate is a key puzzle piece in achieving the U.S.' climate goals, according to federal officials.

Housing affordability challenges have been dominating Canada’s political discourse and media channels, but it turns out that it’s not all due to soaring home prices and rents, according to a more nuanced picture painted by Statistics Canada.