BLOOMBERG Nvidia Corp shares were set to hit a record high in early trading after the chipmaker at the forefront of an industrywide artificial intelligence (AI) race delivered a third-straight sales forecast that surpassed Wall Street estimate. Shares rose 8.7% to $512 before markets in New York opened on Thursday after Nvidia said sales will be about $16 billion in ...

BLOOMBERG Snap Inc is appointing a former Google executive to lead its India operations as it strives to become a major social media force in a key growth market. Pulkit Trivedi will start as Snap’s managing director for India, the Snapchat parent said. The company also announced a new, localised organisational structure for the region, with teams such as those ...

BLOOMBERG Twilio Inc is launching new AI-powered features in its suite of data management services, responding to customer demand on how best to use the emerging technology to expand their businesses. With the new tools, clients will be able to generate suggestions about marketing strategy and use internal data to build automated contact support services, the company announced ahead of ...

BLOOMBERG Turkish startup Getir said it struggled to pay some bills in Germany and will cut more than 10% of its global workforce, as the rapid delivery service seeks to raise new funds and attempt to turn around its cash-hungry business. About 2,500 employees will be cut overall, though the company will continue operating in its five current markets, Istanbul-based ...

BLOOMBERG Citigroup Inc will make sweeping changes to its checking-account offerings as the banking giant makes a deeper push into wealth management. The company is ditching standard account packages and will instead adopt “relationship tiers” that are based on customer’s deposit and investment accounts, according to a statement. As customers plow more money into their Citigroup accounts, they’ll automatically be ...

BLOOMBERG Royal Bank of Canada (RBC) said it plans to cut as much as 2% of its full-time equivalent (FTE) staff in the coming quarter after a surge in expenses weighed on third-quarter results. Non-interest expenses climbed 23% to C$7.86 billion ($5.8 billion) for the fiscal third quarter, compared with the C$7.31 billion average of analyst estimates compiled by Bloomberg. ...

BLOOMBERG UBS Group AG is poised to decide in favour of fully integrating Credit Suisse’s domestic bank, ending months of speculation about the future of the business. The Zurich-based lender has set a target of winding down the Credit Suisse brand in the country, people familiar with the matter said. Executives are preparing for an announcement as soon as the ...

SHARJAH / WAM Sharjah Public Library (SPL) has made its third consecutive appearance at the World Library and Information Congress (WLIC), which is hosting its 88th annual edition in Rotterdam, the Netherlands. SPL’s participation, from August 21-25, is aligned with the theme of the congress, ‘Let’s work together, let’s library’. SPL seeks to promote knowledge exchange and industry best practices ...

DUBAI / WAM Dubai Chambers has contributed to the emirate’s drive for sustainability by saving a total of 72,239 litres of water between June 2022 and June 2023, equivalent to 3,822 five-gallon bottles. The savings were achieved as part of the chambers’ participation in ‘Dubai Can’, a sustainability initiative launched by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, ...

ABU DHABI / wam The second edition of the Global Media Congress (GMC) will welcome mass communication students from 174 universities around the world. Comprising a conference and an exhibition, the GMC will take place from  November 14-16, at the Abu Dhabi National Exhibition Centre (Adnec), under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, ...