Citi Financial News
30.03 / 09:03
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The race to save a salamander that spawned a global cottage industry
Subscribe to enjoy similar stories. XOCHIMILCO, Mexico—A homely aquatic salamander with a cartoonish smile and the ability to regenerate lost body parts has become a global phenomenon, appearing as characters in Minecraft, Fortnite and Pokémon and inspiring a McDonald’s Happy Meal toy. Where the axolotl can barely be found: in its natural habitat in Mexico.
30.03 / 07:53
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The drone-delivery service beating Amazon to your front door
Subscribe to enjoy similar stories. Sandy Button of Pea Ridge, Ark., was born in 1952, grew up watching black-and-white television, and got her first computer in the 1980s. Now? She makes half a dozen orders a week on her smartphone, and minutes later packages come from the sky.
30.03 / 05:13
Citi
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Ukraine accuses Russia of 'war crime' with military hospital strike
Six strikes hit the northeastern border city overnight Saturday into Sunday, wounding personnel undergoing treatment at a military hospital and killing at least two people in a residential building, according to Ukrainian officials. A spokesperson for the Kharkiv regional prosecutor's office, Dmytro Chubenko, confirmed two deaths and said another 30 people were wounded, including children. According to the emergency medical services, the «massive attack» reduced one home to a fiery ruin and damaged other houses, office buildings, cars and garages. The Ukrainian army said that a military hospital building and nearby residential buildings «were damaged by a Shahed drone».
30.03 / 02:47
Citi
Myanmar
War
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isolate
gatherings
International
Aftershocks rattle Mandalay as rescuers search for survivors in Myanmar earthquake
The initial 7.7-magnitude quake struck near the central Myanmar city of Mandalay early Friday afternoon, followed minutes later by a 6.7-magnitude aftershock. The tremors collapsed buildings, downed bridges and buckled roads, with mass destruction seen in the city of more than 1.7 million people. As dawn broke Sunday, tea shop owner Win Lwin picked his way through the remains of a collapsed restaurant on a main road in his neighbourhood, tossing bricks aside one by one. «About seven people died here» when the quake struck Friday, he told AFP. «I'm looking for more bodies but I know there cannot be any survivors.
30.03 / 02:47
Citi
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Protesters target 277 Tesla locations in US over Elon Musk's government role, demand resignation
Tesla dealerships to express their opposition to billionaire Elon Musk's involvement in the US government, Al Jazeera reported. Musk, the head of the Department of Government Efficiency (DOGE), has faced criticism for his efforts to cut government spending and access sensitive data. The protests, organised by a group including disgruntled Tesla owners, celebrities, and a Democratic lawmaker, aim to pressure Musk to resign from his government position. Saturday's demonstrations marked the first coordinated effort to target all 277 Tesla locations in the US, as per Al Jazeera. In New York City, hundreds of protesters gathered in front of the Manhattan Tesla store, demanding Musk's resignation. These demonstrations coincide with a decline in Tesla sales, which the organizers hope to exacerbate further. The protesters were gathered at the call of environmentalists from Planet Over Profit, who believe that «stopping Musk will save lives and protect our democracy.»
29.03 / 20:13
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Big Sunday trouble for these 12 U.S states: Tornadoes, hail and flash floods set to hit these counties; check if you live in one
flash floods. Millions of people could face severe weather conditions from Saturday through Monday. Travel disruptions and infrastructure damage are expected.
29.03 / 15:37
Citi
Death
Myanmar
Experts
War
country
International
Why the Myanmar earthquake was so destructive
Subscribe to enjoy similar stories. The powerful 7.7-magnitude earthquake that struck central Myanmar on Friday was one of the most powerful in the region in years. While the full extent of the damage remains unclear, the United States Geological Survey says it is likely that more than 10,000 people died and that economic losses could exceed the gross domestic product of Myanmar, a poor country engulfed in a bloody civil war.
29.03 / 15:21
Citi
security
Monarch
Monarchy
country
Former Nepal King Gyanendra fined by Kathmandu civic body for vandalism
Kathmandu on Friday witnessed a tense situation after pro-monarchy protesters pelted stones, attacked the office of a political party, set fire to vehicles and looted shops in the Tinkune-Baneshwor area of Kathmandu. Two persons, including a TV cameraman, were killed and 110 others injured in the clashes between the security personnel and the pro-monarchy protesters. As the protest was organised on the call of Gyanendra Shah, Kathmandu Metropolitan City's (KMC) mayor Balendra Shah sent a letter to his residence at Nirmala Niwas at Maharjgunj on the outskirt of Kathmandu asking him to pay Nepali Rupees 7,93,000 as compensation against the damage. In the letter sent to the former monarch, copies of which were released to the media, the KMC said that the protest organised with the call of the former monarch had damaged various properties belonging to the metropolis and affected the environment of the capital city. Durga Prasai, who was the convener of Friday's agitation, had met Gyanendra Shah a day before and received instructions to stage the agitation demanding reinstatement of monarchy and a Hindu state.
29.03 / 13:29
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Office supply down 1 per cent across top 7 cities in January-March, despite rise in demand: Colliers
Colliers India. The new supply of office space stood at 100 lakh (10 million) sq ft in the year-ago period. As per the data, the new supply in Bengaluru declined 16 per cent in January-March to 37 lakh sq ft from 44 lakh sq ft in the year-ago period. Chennai saw a decline of 33 per cent to 2 lakh sq ft from 3 lakh sq ft.
29.03 / 12:39
Citi
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Celebrity
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prevention
District administration bans sale of meat, eggs during Navratri in MP's Maihar
Maihar district administration has banned the purchase and sale of meat, fish, and eggs within the limits of Maihar Nagar Palika during the Navratri festival from March 30 to April 7. Sub-Divisional Magistrate (SDM), Maihar, Vikas Kumar Singh, issued an order for the purpose on Friday under section 163 of Bharatiya Nagarik Suraksha Sanhita (BNSS) 2023, which grants the power to issue immediate preventive orders in urgent cases of nuisance or apprehended danger. «I, Vikas Kumar Singh, Sub-Divisional Magistrate, Maihar, hereby, using the powers conferred under Section 163 of the BNSS 2023, completely ban the purchase and sale of meat, fish and eggs in the entire Maihar Nagar Palika from March 30, 2025 to midnight of April 7, 2025,» the order read. It further emphasised that the person violating the order would be liable to punishment under section 223 of the Bharatiya Naya Sahita (BNS) 2023 (disobedience to order duly promulgated by a public servant). The order also highlighted that Maa Sharday Chaitra Navratri Mela would be organized in Maihar district from March 30 to April 7. Maihar has been declared a religious city by the Madhya Pradesh Tourism Department and lakhs of devotees come to Maihar every day from across the country to seek blessings of Maa Sharda.
29.03 / 05:59
UPS
Citi
Myanmar
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hospital
reports
Myanmar earthquake toll passes 1,000 as rescuers dig for survivors
The shallow 7.7-magnitude quake struck northwest of the city of Sagaing in central Myanmar in the early afternoon, followed minutes later by a 6.7-magnitude aftershock. The quake destroyed buildings, downed bridges, and buckled roads across swathes of Myanmar, with massive destruction seen in Mandalay, the country's second biggest city and home to more than 1.7 million people. At least 1,002 people were killed and nearly 2,400 injured in Myanmar, the ruling junta said in a statement. Around 10 more deaths have been confirmed in Bangkok. But with communications badly disrupted, the true scale of the disaster is only starting to emerge from the isolated military-ruled state, and the toll is expected to rise significantly.
29.03 / 05:59
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International
Israel expects surge in Indian tourists amid possible easing tensions
Church of the Holy Sepulchre in Israel. Undeterred by the region's unrest, these devotees undertook a journey to the Holy Sepulchre, which houses Christ's tomb, driven by faith. For centuries, Christians worldwide have flocked to this revered site, and for Keralites, especially Christian faithfuls, its appeal remains strong. The data from the Israel Ministry of Tourism (IMOT) reveals that 9,600 Indian tourists visited Israel in 2024, with 50 per cent of them travelling for pilgrimage--most of them from Kerala.
29.03 / 05:59
markets
Citi
Myanmar
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Inside
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International
'Entire building was shaken, then everyone ran': Indian tourists return to Delhi from Bangkok after earthquake; recount harrowing experiences
7.7 magnitude earthquake that was felt across Myanmar, Thailand, China, and Vietnam, Indian tourists in Bangkok safely returned to New Delhi Airport on Saturday, recounting the difficulties they faced in getting back home. Speaking to ANI at Delhi airport, Bharati Khurana described the challenges they encountered due to emergency closures in the city. «The situation is fine now, but yesterday it was very bad. We went out to the market, but it was closed due to the emergency.
29.03 / 04:05
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Myanmar
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The science behind the powerful earthquake in Myanmar and Thailand
Sagaing region near the Myanmar city of Mandalay caused extensive damage in that country and also shook neighbouring Thailand on Friday. HOW VULNERABLE IS MYANMAR TO EARTHQUAKES? Myanmar lies on the boundary between two tectonic plates and is one of the world's most seismically active countries, although large and destructive earthquakes have been relatively rare in the Sagaing region. «The plate boundary between the India Plate and Eurasia Plate runs approximately north-south, cutting through the middle of the country,» said Joanna Faure Walker, a professor and earthquake expert at University College London. She said the plates move past each other horizontally at different speeds. While this causes «strike slip» quakes that are normally less powerful than those seen in «subduction zones» like Sumatra, where one plate slides under another, they can still reach magnitudes of 7 to 8.
29.03 / 03:05
Citi
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Myanmar
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Myanmar earthquake kills 144, toll expected to rise amid widespread destruction
Myanmar on Friday, causing extensive damage across a wide swath of one of the world's poorest countries and prompting officials to warn that the initial death toll — above 140 — was likely to grow in the days ahead. In neighboring Thailand, at least six died in Bangkok, where a high-rise under construction collapsed. The full extent of death, injury and destruction was not immediately clear — particularly in Myanmar, which is embroiled in a civil war, and where information is tightly controlled. «The death toll and injuries are expected to rise,» the head of Myanmar's military government, Senior Gen. Min Aung Hlaing said as he announced on television that at least 144 people were killed and 730 others were injured in his country. In Thailand, authorities in Bangkok said six people were killed, 22 were injured and 101 were missing from three construction sites, including the high-rise. They revised the death toll Saturday morning from 10 reported the previous day, saying several critically injured people were mistakenly reported dead. The 7.7 magnitude quake struck at midday, with an epicenter near Mandalay, Myanmar 's second-largest city. Aftershocks followed, one of them measuring a strong 6.4 magnitude.
29.03 / 02:07
UPS
Citi
Food
wellness
Golf
social
Courts
Dholera chips in to make expats feel at home
In Dholera, India’s first semiconductor cluster that is emerging as a hub for expat talent, the Gujarat government is aiming to recreate the “look and feel” of their home countries for this tribe of globe trotters. Termed the “Global Tent City” in keeping with Dholera’s terrain, the multi-faceted agglomeration is expected to house food streets from across nations – Taiwan, Korea, Japan, the US, as well as some European nations, a high-end mall and a hotel or guesthouse to cater to the cosmopolitan tastes of the well-travelled employees.
28.03 / 21:35
Citi
JPMorgan
Software
students
Schools
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Charlie Javice convicted of defrauding JPMorgan during $175 million sale of financial aid startup
The founder of a startup company that claimed to be revolutionizing the way college students apply for financial aid has been convicted of defrauding JPMorgan Chase out of $175 million
28.03 / 20:17
UPS
Citi
security
WhatsApp
track
International
DP World plans unit in GIFT City for ship-leasing
DP World is preparing to start ship-leasing operations in India by setting up a subsidiary in the International Financial Services Centre (IFSC) at Gujarat's GIFT City, people familiar with the matter said. The port and logistics giant may commence operations with four ships, the people said, adding that the company has secured approval from Indian authorities. «The ships could be Indian flag ships or international ships. They may buy vessels and then lease them further or rent an Indian flag ship and then sub-lease it,» one of the persons said. DP World follows others such as Japan's Mitsui OSK Lines and UAE-based Transworld Group who have started operations in IFSC. DP World's new venture in India will encompass vessel ownership, operation, chartering, and other permitted activities, the people said. To be sure, the company offers feeder services globally but does not offer a ship leasing service in India currently.
28.03 / 16:23
COST
Citi
FIVE
economy
hospital
travelers
Indian hospitality industry poised for steady growth in FY26
Indian hospitality industry is set to grow steadily in FY26, driven by domestic travel, recovering foreign tourist arrivals, and the expansion of the Meetings, Incentives, Conferences, and Exhibitions (MICE) segment. CareEdge Ratings projects a 7-8% increase in Revenue per Available Room (RevPAR) in FY26, following an 8-10% rise in FY25. Average Room Rates (ARRs) are expected to hover above Rs 8,000, reaching Rs 8,400-8,600 in FY26, while occupancy levels are likely to stabilize between 66-68% from FY25 to FY27. However, supply-side constraints such as high land prices, escalating construction costs, and lengthy project timelines remain key challenges for hoteliers.
28.03 / 14:53
Citi
Provident
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performer
country
reports
Insurance surety bonds proposed to be added as guarantee instrument for pipeline, city gas projects
Subscribe to enjoy similar stories. New Delhi: The petroleum and natural gas regulator has proposed to add insurance surety bonds to bank guarantees and demand drafts as a financial instrument to ensure the timely completion of city gas distribution (CGD) projects and pipelines for petroleum products. The bonds would work as a financial guarantee, with the insurance company issuing the bond acting as the guarantor.
28.03 / 08:43
Citi
Reuters
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rowing
Bangkok, Myanmar Earthquake Today LIVE: Thai PM declares state of emergency, quake hits Meghalaya
Bangkok, Myanmar Earthquake Today LIVE: A strong 7.2 magnitude earthquake hit central Myanmar on March 28 (Friday), according to the United States Geological Survey (USGS). The tremor hit 16 km northwest of Sagaing city at a depth of 10 km, at around 12:50 pm local time, USGS added.Minutes later at 1.03 pm, the National Center for Seismology in India reported a 4.0 Ritcher scale quake in Meghalaya's East Garo Hills.Also Read | Earthquake today: Quake of magnitude 7.2 hits Myanmar; tremors felt in China, ThailandFurther, the USGS and Germany's GFZ Center for Geosciences also reported that a midday earthquake struck Thailand's capital city of Bangkok at a shallow depth of 10 km.
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