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RTA launches Digital Coach

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA), launched the Digital Coach project for training public transport riders. The move is in line with the UAE Strategy for artificial intelligence (AI), and technology is first of its kind in training drivers worldwide. This robot is configured to train both novice and professional drivers in need of further exposure to ...

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India lenders face possible $5b shadow bank writeoff

Bloomberg India’s surprise seizure of a troubled Indian shadow bank won’t end the woes of its lenders, faced with the risk of heavy writeoffs if Dewan Housing Finance Corp is declared a fraudulent account. That’s because the Reserve Bank of India (RBI) requires banks to provision fully for their entire exposure over four quarters if they decide a loan account ...

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Mexico credit line may be less than $74b: IMF

Bloomberg The International Monetary Fund’s (IMF) board plans to vote on Mexico’s request to renew its flexible credit line (FCC), possibly for less than the current $74 billion, before it expires next week. Mexico is interested in reducing the size now that there’s greater certainty around its trade relationship with the US, Alejandro Werner, the IMF’s Western Hemisphere director, said ...

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