Bloomberg Citigroup Inc joined rivals in trimming the ranks of its mortgage workforce as rising interest rates continue to crimp demand in the housing market. Fewer than 100 positions were eliminated, according to a person familiar with the matter, who asked not to be named discussing internal information. “Citi has made a small number of staffing reductions within our mortgage ...

  Bloomberg Just a minute. You have forgotten your phone.” The dulcet tone of the voice coming from the depths of the Maybach took people by surprise. People didn’t know who she was, but she was right. We’d left our cell charging in the center console. Turns out the Mercedes-Maybach S 580, especially its onboard artificial intelligence minder system, doesn’t ...

  Bloomberg Instagram, racing to improve its algorithm to catch up with TikTok, is asking its users for some input. The social media app, owned by Meta Platforms Inc., is now allowing users to select and indicate that they are “not interested” in multiple posts at once within the Explore tab, the section on the app where users can discover ...

  Bloomberg Microsoft Corp outlined planned changes to the terms of its software licensing agreements, following complaints to antitrust regulators from some European cloud-computing service providers that the company’s practices put rivals at a competitive disadvantage. The changes will make it simpler for customers of rival cloud-service companies in Europe to move their existing software to these other networks, Microsoft ...

  Bloomberg HP Inc reported quarterly sales that missed estimates and reduced its annual profit forecast on falling demand for personal computers and printers, especially among consumers. The shares fell in extended trading. Fiscal third-quarter revenue fell 4.1% to $14.7 billion, the Palo Alto, California-based company said in a statement. Consumer sales in its computer division declined 20%, led by ...

  Bloomberg Oil rises, paring a hefty weekly decline, as Opec ministers and allies prepare to discuss crude output. West Texas Intermediate futures climbed above $88 a barrel on Friday after slumping almost 11% over the prior three days. Traders shrugged off an announcement by G-7 leaders of plans to cap the price of Russian crude in retaliation for Vladimir ...

  Abu Dhabi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, chaired the third session of the UAE-India Strategic Dialogue, which was held on Friday in Abu Dhabi. The Indian side was headed by Dr. Subrahmanyam Jaishankar, India’s Minister of External Affairs. During the session, the sides discussed issues of common interest ...

  Dubai / WAM Zhang Yiming, ambassador of China to the UAE, has lauded the advancement in the overall relations between China and the UAE, especially in the areas of culture and education. In recent years, their people-to-people ties have seen significant development, he said, noting the signing of a comprehensive strategic partnership between the two countries. In his statement ...

  Dubai / WAM Emirates Global Aluminium (EGA) on Friday signed an agreement with the Human Resources Authority (HRA) of Abu Dhabi to further promote the employment of young UAE nationals in the industrial sector. Under the agreement, EGA will train 23 high school students who are registered in the HRA database and interested in developing skills related to technical ...

  Abu Dhabi / WAM Aldar Properties on Friday announced that it is scaling up its property and integrated facilities management platform through the full acquisition of Spark Security Services, a leading UAE-based manned guarding security services provider. The all-cash AED125 million transaction further strengthens Aldar’s property and integrated facilities management platform to deliver a broader offering to customers, ranging ...