Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.

Prosus and South African parent Naspers named Fabricio Bloisi as group CEO, replacing interim boss Ervin Tu, who will become president and chief investment officer.

In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.

The parts maker said it would cut 400-450 jobs in response to a slowdown in production at Boeing.

Carmakers in China are accelerating a sales push in Europe and Southeast Asia and are looking to produce more abroad.

With Amazon on its heels, the nation’s biggest company by revenue is hunting for ways to continue growing.