Citi Financial News

Kolkata: Bengali actor Payel Mukherjee said she was allegedly heckled by a motor cyclist while driving her car on Friday night on a city road. A sobbing Payel in a video on Facebook said that a youth stopped his two-wheeler before her SUV on Southern Avenue and asked her to come out of the vehicle. «As I refused to come out fearing for my safety, the man banged against the glass on my right side window and broke it into pieces injuring my hand,» she said. Local people came to her rescue and police detained the man following complaint lodged by Payel.

stabbing attack at a festival on Friday night in the western German city of Solingen, police said. They said that at around 10 p.m. (2000 GMT) a single, unidentified man attacked multiple people and that the perpetrator was still at large. «It tears my heart apart that there was an attack on our city. I have tears in my eyes when I think of those we have lost,» Solingen Mayor Tim-Oliver Kurzbach said in a statement. «I pray for all those who are still fighting for their lives.»

Inter Miami will be playing FC Cincinnati on Saturday evening as top ranked teams of Major League Soccer (MLS) will go head to head. Lionel Messi will miss the match as the Argentina football legend has nursing an injury. Inter Miami are leading the MLS chart after earning 53 points from 25 games. FC Cincinnati are at the second position with 48 points from 25 matches. The teams' all-time head-to-head is tied at 4-4-2, though Inter Miami hasn't beaten Cincinnati since 2021. Inter Miami versus FC Cincinnati football game is scheduled to kick off at 7.30 pm (ET) at Chase Stadium on August 24. One cam watch the Inter Miami and FC Cincinnati's match on MLS Season Pass on Apple TV.

As questions swirl around how long Canadian rail lines might stay dormant, some economists argue that the Bank of Canada ought to look past any disruptions as it looks to tame inflation and ease pressure on the stagnant economy.

Chelsea under their American investors will be a fascinating case study about running a soccer club. Because no one in England or beyond has ever seen anything like what has been happening at Stamford Bridge over the last two years. Just take this in: Chelsea has spent nearly $1.3 billion on 39 players across five transfer windows since a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly and Clearlake Capital bought the Premier League club from its long-time owner, Russian oligarch Roman Abramovich, for $3.2 billion in May 2022. Throw in the club having four different full-time managers in this period — plus another coach on a temporary basis — and the revolving door at Chelsea, a six-time English champion and two-time European champion, simply hasn't stopped spinning.

Employment and Consumer Welfare’ released on Wednesday. The report’s findings are principally based on a panIndia survey of 2,062 online vendors, 2,031 brick-and-mortar vendors, and 8,209 consumers of products from ecommerce websites. It was conducted across 35 cities in 20 states and UTs. The survey itself was guided by a robust methodology and conducted by PRICE (People Research on India’s Consumer Economy). Given the veracity of the survey findings, it would be most useful for policymakers to take cognisance of these empirical findings. One of the most striking takeaway is that the apocalypse narrative of large-scale destruction of kirana stores is rejected by brick-and-mortar vendors themselves. The survey asked vendors if they were aware of any physical stores that had shut down in their vicinity since 2020, and what they thought the contributing reasons were. Less than 20% reported a physical store closure in their neighbourhood since 2020 when the pandemic drove an ecommerce boom. Only 6% of offline vendors attributed these store closures to consumers shifting to online shopping. A slightly higher proportion — 8% — attributed physical store closures to the growth of large organised retail.

Montreal billionaire André Desmarais has joined one of the consortiums angling to build and jointly operate the federal government’s new high-frequency electric railway.

India has become the flavour of the US presidential elections. For the first time, two Americans of Indian origin, Nikki Haley and Vivek Ramaswamy, figured as possible candidates for the presidential elections. When JD Vance became former President Donald Trump's running mate, spotlight fell on his wife Usha Vance, an Indian American and practicing Hindu. With the nomination of Kamala Harris as the Democratic Party’s candidate for the presidency, once again India has come to foreground. In her speech on Thursday night in which she formally accepted the Democratic Party’s nomination for the presidency, Harris spoke at length about her childhood days when she was raised by her mother Shymala Gopalan alone, who had divorced from her Jamaican American husband. What Harris said about her mother Harris started her speech by remembering her mother. «But I’m no stranger to unlikely journeys. So, my mother, our mother, Shyamala Harris, had one of her own. And I miss her every day, and especially right now. And I know she’s looking down smiling. I know that,» she said.

Oil prices rose more than 1% on Friday as U.S. Federal Reserve Bank Chair Jerome Powell signalled interest rate cuts would be among the central bank's priorities in the coming months. Brent crude futures rose by $1.27, or 1.63%, to $78.49 a barrel at 9:50 a.m. CDT (1450 GMT), while U.S. West Texas Intermediate (WTI) crude futures rose $1.33, or 1.81%, to $74.34.

FOX Business’ Edward Lawrence shares highlights from Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium.

Amazon India plans to set up rest points for its delivery associates across cities over the next couple of years under Project Ashray, a senior company official said on Friday. The Ashray centres will provide clean drinking water, phone charging stations, washrooms, and rest areas for delivery associates. As a pilot, five rest points will be set up in collaboration with Udyasa Foundation in Delhi NCR, Bengaluru, and Mumbai. «Our plan is to be able to go to every city we operate in. We have 1,800 delivery stations across the length and breadth of the country. In the next couple of years, you will find this in pretty much every city in India,» Amazon India, Vice President — Operations, Abhinav Singh said.

MVA called for a bandh in the state in the wake of Badlapur sexual abuse case, the Bombay High Court on Friday restrained any political party or person from calling the shutdown. The Maharashtra Bandh was called for August 24 by Maha Vikas Aghadi's (MVA) Uddhav Thackeray, following the alleged sexual assault on two young girls at a school in Badlapur, a city in Thane district. The incident has caused significant outrage in the area. Following the announcement, there was no notification issued regarding the closure of schools and colleges. However, institutions that typically close on Saturdays will remain shut.

Bengaluru may be the ‘Silicon Valley’ of India, this NRI has eyes only for the serene city of Kochi. An Indian-origin man took to Reddit to ask netizens about the ideal city he could settle in, along with his British wife and three-month-old daughter. The Reddit user, named J. Pal, revealed that he was planning to relocate permanently to India in February 2025. He also stated that he was considering making Kochi, a major city in Kerala, their new home. However, he had certain questions. He wanted to know if Kochi had any language-based regionalism like Bengaluru. He was also inquisitive about how safe women were in the city. Following that, as a new parent, he was keen to know if Kochi has quality IGCSE schools for their daughter's education. Users also highlighted that Kochi boasts excellent hospitals and a well-connected public transportation network, including both the metro and the water metro.

Fed Chair's speech at Jackson Hole Symposium, where investors will look for cues on rate cut trajectory in the near future. US Fed chair Powell will speak at the event later on Friday, addressing central bankers across the world at 10 am Eastern Daylight Time (EST). In India, this comes to about 7:30 pm Indian Standard Time (IST).

Powdr Corp. is selling Vermont’s Killington Resort and Pico Mountain, the largest mountain resort in New England, to a group of local passholders

The legislature of Mexico City has approved the most ambitious rent control law since the 1940s, which will limit increases to the inflation rate each year

Gold prices inched higher on Friday, but were set for a weekly loss as investors looked forward to U.S. Federal Reserve Chair Jerome Powell's speech at Jackson Hole, Wyoming, for more cues on the scale of a likely September rate cut.

Cruise’s trouble-ridden robotaxis are on the road to joining Uber’s ride-hailing service next year as part of a multiyear partnership bringing together two companies that once appeared poised to compete for passengers

Atlantic City’s casinos and two internet-only gambling entities saw their collective earnings decline by 1.3% in the second quarter of 2024 compared with the same period a year earlier

Nicaragua’s government has closed another 151 nongovernmental organizations, among them some of the most important trade organizations, including the American Chamber of Commerce

Grypotyphlops acutus, for the first time in the city. For herpetologist Robin Suyesh, assistant professor, department of environmental sciences, Sri Venkateswara College, University of Delhi, herping is an activity that needs to be done with low expectations. “It’s an exercise in patience," says Suyesh, 38, on the phone.