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  • Technology
    The Canadian Press

    Cisco Systems joins Microsoft, IBM in Vatican pledge to ensure ethical use and development of AI

    ROME (AP) — Tech giant Cisco Systems on Wednesday joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common good. Cisco Systems chief executive Chuck Robbins signed the document, known as the Rome Call, and met privately with Pope Francis, the Vatican said. The pledge outlines key pillars of ethical and responsible use of AI. It emphasizes that AI systems must be designed, used and regulated to

  • Business
    The Canadian Press

    Metro reports Q2 profit down from year ago, sales edged higher

    MONTREAL — Metro Inc. reported its second-quarter profit fell compared with a year ago as its sales edged higher. The food and drugstore retailer says it earned $187.1 million or 83 cents per diluted for the 12-week period ended March 16. The result was down from a profit $218.8 million or 93 cents per diluted share a year earlier. Sales in the quarter totalled $4.66 billion, up from $4.55 billion in the same quarter last year. Metro says food same-store sales were up 0.2 per cent in the quarter

  • Business
    Yahoo Finance

    Stock market today: Nasdaq futures pop, Tesla surges after earnings with more heavyweights on deck

    Tesla's surge is putting Big Tech earnings center stage as investors look to megacaps to lift stocks.

  • Business
    The Canadian Press

    German retirees will get an inflation-busting pension increase this year

    BERLIN (AP) — Germany's Cabinet on Wednesday approved a 4.57% rise in retirees' pensions from this summer, well above the current rate of inflation. Rises in German pensions are linked largely to wage developments. Although inflation has subsided over the past year, the outcome of recent salary negotiations in various sectors has reflected demands for hefty pay rises following a big increase in living costs. The increase will take effect on July 1, the first time since 2000 that pensions in Euro