COST Financial News

MUMBAI , BENGALURU : Investors, gaming firms and filmmakers remain largely bullish on the prospect of OpenAI’s Sora, a text-to-video generative artificial intelligence model and tool. However, nearly a week since its introduction, legal experts believe commercial firms will remain wary of using AI video generator tools in official marketing campaigns in fear of infringing on copyrights and intellectual property protections.

artificial intelligence tools must erect guardrails to support ethical development of the technology over the next decade, said the speakers at a Nasscom event on Tuesday. “Even though AI possesses immense transformative potential, it is our responsibility to ensure its increasing transparency. The fusion of human ideals with AI is important. The trajectory of AI in the future will be intricately tied to both human and democratic values,” Prime Minister Narendra Modi said in a written message which was read out at the Nasscom Technology and Leadership Forum 2024. “We remain firmly committed to the responsible and ethical application of AI across diverse fields,” Modi said.

Canada’s inflation rate for January decelerated to 2.9 per cent, dropping more than economists were predicting and possibly opening a window for the Bank of Canada to start cutting rates as early as June. Here’s what economists are saying about the numbers.

BlackBerry Ltd. executive John Wall had an epiphany about two years ago after listening to a colleague in the auto industry complain about the high costs of developing basic software — what he called “the underwear.”

(Reuters) — Real estate information provider CoStar Group (NASDAQ:CSGP) forecast full-year 2024 revenue below market expectations on Tuesday, on signs of a slowdown in traffic to its websites as consumers face an uncertain property market.

American Airlines flights will have to pay more as the carrier has decided to raise the price of checking bags. The new rates will be applicable for travel tickets booked on or after February 20, as per a Reuters report. Passengers will now have to pay $35 to check their first bag for domestic flights if the service is booked online in advance, or $40 if they purchase the option at the airport, the carrier said. A second checked bag will cost $45 if purchased online or at the airport.

By Jonathan Stempel

Evercore ISI senior managing director Mark Mahaney reveals his top tech stocks ahead of the market opening, arguing that Meta and DoorDash’s stock are good investments.

Siemens, one of the world’s biggest wind turbine makers, points out that “energy bills will have to keep rising to pay for the green transition." (bit.ly/48qpYmx) A recent Bloomberg article (bloom.bg/3T60wyq) noted, “Affordable power is a key precondition for industrial competitiveness, and even before the end of Russian gas supplies, Germany had some of the highest electricity costs in Europe. Failure to stabilize the situation could transform a trickle of manufacturers heading elsewhere into a stampede." The article goes on to cite the OECD that “no major industrialized economy has ever had the very basis of its competitiveness and resilience so systematically challenged by changing social, environmental and regulatory pressures." In surveys, energy security and costs are cited as the major reasons for German businesses to move abroad. It is often claimed that the shift to renewables makes countries more energy secure, but most clean energy supply chains are dominated by China (tinyurl.com/y59rke62), leaving future green energy heavily dependent on one supplier.

XX% of Hindalco’s consolidated revenue and XX% of its profits. It is the largest producer of aluminium sheets for beverage cans in the world outside of China, and has a significant share of the aerospace and specialty products market, thanks to its acquisition of Aleris.

Multiple grocery store staples saw price hikes not only ease but reverse course in January, according to Statistics Canada.

The annual rate of inflation across the country eased half a percentage point in January thanks largely to lower gas prices, according to Statistics Canada.

'Kudlow' panelists Russ Vought and Michael Faulkender discuss the Trump administration's tax code.

Retired nurse Joyce Fleming shares why she decided to return to work due to rising costs.

Greece’s prime minister has ruled out any further concessions to protesting farmers, on the eve of their planned rally that will see tractors converging on central Athens

Greek farmers have ridden some 200 tractors to the capital, Athens, demanding financial help from the government as cost of living spiked in the Mediterranean country

American Airlines is raising bag fees and pushing customers to buy tickets directly from the airline if they want to earn frequent-flyer points

India continues to rise, mirroring ongoing inflationary pressures, higher commodity prices and increased construction costs. The average cost to fit-out workplaces with medium specification across India increased 4.5% from a year ago with the average fit-out cost per sq ft rising to Rs 5,788. Mumbai continues to be the most expensive city in India for office fit outs at an average of Rs 6,588 per sq ft followed by New Delhi at Rs 6,068 per sq ft, showed global property consultant JLL’s Asia Pacific Fit-Out Cost Guide 2023-2024. “India’s supply-chain performance has improved significantly over the last two year, coping better to the global disruption, and varying regulatory frameworks. Largely, input costs have decreased due to reduced global raw material prices, however increasing labour costs remains set on an upward trajectory. This industry is also making efforts to modernise and streamline the supply chain to enhance efficiency and competitiveness,” said James Jipu Jose, Managing Director, Project & Development Services (PDS), India, JLL.

By Niket Nishant and Manya Saini

OTTAWA (Reuters) — Canada's annual inflation rate cooled much more than expected to 2.9% in January, largely on lower gas prices, while core inflation measures dropped to their lowest levels in more than 2 years, data showed on Tuesday.

While it will likely be a relatively quieter week so far as macro data is concerned, North American markets re-open today after a long weekend, and with China also back this week, markets should turn a bit livelier after a quiet period.