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Press Digest: Financial Times - Aug 19

PRESS DIGEST-Financial Times - Aug 19

- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

  • China eases limits on Nvidia H200 chips as AI race escalates

  • Klarna overhauls leadership as it targets US banking licence

  • Diageo sheds 2,000 staff as CEO Dave Lewis kicks off restructuring

  • Mark Walter sought loan from Apollo backed by Lakers stake

Overview

  • Small batches of Nvidia's NVDA.O H200 chips, one of the company's most powerful AI chips, have been allowed to enter mainland China.

  • Klarna KLAR.N said its current chief financial officer, Niclas Neglén, and chief marketing officer, David Sandström, would step down from their roles at the start of next year.

  • Diageo's DGE.L total headcount fell more than 6% year-on-year by the end of June, its annual report showed, as the world's top spirits maker embarks on a restructuring under new CEO Dave Lewis.

  • Billionaire Mark Walter held discussions with private investment giant Apollo Global Management APO.N about a multibillion-dollar loan against his stake in the Los Angeles Lakers.


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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