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AI bots need consent to use our material, say news groups
Artificial intelligence firms must ask for permission before using copyrighted text and images to generate content, a consortium of news groups said on Wednesday. AI tools like chatbot ChatGPT and image generators DALL-E 2, Stable Diffusion and Midjourney exploded in popularity last year with their ability to generate a wealth of content from just brief text prompts.
Travel giant TUI on track for 'strong' summer despite wildfires
The world's largest tourism operator TUI said Wednesday it was on track to meet its full-year targets thanks to a "very good travel summer", despite the upheaval caused by heatwaves and wildfires in Europe. "Overall it will be a very good travel summer and a good year for TUI in 2023."
How China is responding to economic challenges
China on Wednesday reported it had entered deflation for the first time since 2021 -- the latest indicator pointing to a slowdown in the world's second-largest economy. - Deflationary spiral - While on paper falling prices may seem like a good thing for purchasing power, a drop into deflation poses a long-term threat.
Cathay Pacific reports first half profit amid travel recovery
Hong Kong carrier Cathay Pacific on Wednesday swung to a healthy profit in the first half of the year thanks to a pick-up in travel, with the airline expecting passenger capacity to reach 70 percent of pre-pandemic levels by end of the year. He added that Cathay would hit its target of "70 percent pre-pandemic passenger flight capacity levels... by the end of 2023".
World's largest cruise ship to set sail as industry rebounds
With cruise bookings seeing a resurgence after the Covid pandemic caused luxury liners to mothball, a Finnish shipyard is putting the final touches on what will be the world's largest cruise ship.
Asian markets struggle after more weak China data
Asian markets wavered Wednesday after data showing the first drop in Chinese consumer prices compounded worries about the world's number two economy. The 0.3 percent drop in China's July consumer prices was the first since the start of 2021 and comes as slowing domestic spending weighs on the country's post-Covid recovery.
China slips into deflation as post-Covid recovery falters
China slipped into deflation as consumer prices contracted last month for the first time in more than two years, official data showed Wednesday, as slowing domestic spending weighs on the country's post-Covid economic recovery. Meanwhile, the producer price index fell again in July by 4.4 percent, marking the 10th consecutive month of contraction.
WeWork warns it might go out of business
Embattled office-sharing firm WeWork on Tuesday warned US regulators that it is worried about its survival. WeWork has lost billions of dollars during the first six months of this year, with macroeconomic conditions weakening demand for its shared office spaces, the company told regulators.
Australia's Commonwealth Bank posts record profit as rates rise
Australia's biggest lender Commonwealth Bank reported a record annual profit Wednesday as it raked in money from customers forced to pay higher interest rates. Net interest income rose 18 percent, said the bank, which is also Australia's biggest mortgage provider.
AFP
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