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Nvidia CEO: AI Experts Will Have Edge in Future Job Markets BY PYMNTS | MAY 28, 2023 | The CEO of Nvidia issued a warning this weekend: Embrace AI or get left behind. In his commencement address Saturday (May 27) at National Taiwan University in Taipei, Jensen Huang said artificial intelligence (AI) is set to alter...

40% of Brazilians at Risk for Debt Defaults BY PYMNTS | MAY 28, 2023 | Brazil’s consumers and merchants have found themselves sinking deeper and deeper into debt. As Bloomberg News reported Sunday (May 28), 4 in 10 adults in Brazil are facing default, while overdue debts rose 18.4% last month from a year earlier. The country’s...

Debt Ceiling Battle Triggers Slide in Consumer Sentiment BY PYMNTS | MAY 28, 2023 | The debt ceiling deal didn’t happen soon enough to prevent a decline in consumer confidence. While President Joe Biden announced Sunday (May 28) an agreement on the budget, the weekslong standoff over the debt ceiling helped cause consumer sentiment to...

China Enjoys 'Incremental Rebound' in Consumer Spending BY PYMNTS | MAY 28, 2023 | Consumer spending in China is slowly but surely recovering from COVID. “We’re seeing the incremental rebound from the Chinese consumer,” KraneShares chief investment officer Brendan Ahern told CNBC in a report published Saturday (May 27). However, Ahern cautioned that the recovery was “not...

Microsoft President: AI Isn't as 'Mysterious' as People Think BY PYMNTS | MAY 28, 2023 | Microsoft’s president says Americans should get used to artificial intelligence’s (AI) omnipresence. In fact, Brad Smith told CBS News in an interview Sunday (May 28), the technology isn’t as “mysterious” as some people might believe. “If you have a Roomba at...

CONFLICTSNORTH KOREA North Korea announces 'satellite' launch, Japan on alert 51 minutes ago51 minutes ago Japanese officials believe the launch by North Korea will involve a ballistic missile. Japan's Prime Minister Fumio Kishida said such an act would violate UN Security Council resolutions. https://p.dw.com/p/4RvQJ North Korea has informed Japan of a satellite that it plans to launch in coming weeks, a Japanese coast guard...

POLITICSTURKEY Turkey election: Erdogan victorious after historic runoff 2 hours ago2 hours ago Recep Tayyip Erdogan has secured yet another term in office, after an historic election which went to a runoff. The Turkish leader fought back a tough challenge from opposition candidate Kemal Kilicdaroglu. https://p.dw.com/p/4RvJ0 Turkey's incumbent President Recep Tayyip Erdogan has secured another five years in office, after narrowly winning Sunday's runoff...

NATURE AND ENVIRONMENTITALY Italy: Water in Venice's Grand Canal goes bright green 5 hours ago5 hours ago The mysterious green liquid does not pose a health threat to people in Venice, local police were quoted as saying by Italy's ANSA news agency. https://p.dw.com/p/4Rv0Q Waters in Venice's main canal turned fluorescent green on Sunday, Italy's fire department said. The regional environmental protection agency ARPAV collected samples...

POLITICSTURKEY Turkey election: Erdogan victorious after historic runoff 21 minutes ago21 minutes ago Erdogan has secured yet another term in office, after an historic election which went to a runoff. The Turkish leader fought back a tough challenge from opposition candidate Kemal Kilicdaroglu. https://p.dw.com/p/4RvJ0 Turkey's incumbent President Recep Tayyip Erdogan has secured another five years in office, after narrowly winning Sunday's runoff vote. Erdogan beat...

A slight decline in the Qatar Stock Exchange index at the beginning of today's trading May 28, 2023, 12:30 pm Follow us: alsharq Trading session on the Qatar Stock Exchange A+ A- Doha - Qena The Qatar Stock Exchange index started today's trading, with a slight decline of 0.01 percent, to lose its balance by 1.37 points, and thus descend to the level of...

Dollar Tree Lowers Profit Outlook Due to ‘Elevated Shrink’ BY PYMNTS | MAY 25, 2023 | Dollar Tree Dollar Tree is apparently not immune to the shrinkage issue plaguing other retailers. The discount store chain released earnings results Thursday (May 25) showing an increase in sales, although the company also lowered its profit outlook due to shrink...

Klarna Says Shoppers Want Recommendations Rather Than Search Results BY PYMNTS | MAY 26, 2023 | Klarna Klarna aims to lead a shift in purchases from search to recommendations. While 80% of purchases currently originate from search, shoppers are now looking for recommendations instead, the buy now, pay later (BNPL) provider said in a Friday (May 26)...

POLITICSINDIA Modi inaugurates new parliament building amid criticism 5 hours ago5 hours ago India's new parliament is the central piece of the Hindu nationalist government's plan to remodel heritage sites in the capital. Several opposition parties have boycotted the event as controversies surround the complex. https://p.dw.com/p/4RuF8 Indian Prime Minister Narendra Modi on Sunday inaugurated a grand new parliament complex in New Delhi. "As the...

CARS AND TRANSPORTATIONCHINA C919: Chinese-built passenger jet completes first flight 5 hours ago5 hours ago China's first domestically-made passenger plane flew from Shanghai to Beijing with 130 passengers aboard, as the country seeks a slice of the global plane-building market. https://p.dw.com/p/4RuEn China's first domestically produced passenger jet made its maiden commercial flight on Sunday when a China Eastern Airlines C919 flew from Shanghai to...