Citi Financial News

31.05 / 15:53
COST Citi Provident Extreme Bill country Vermont becomes 1st state to enact law requiring oil companies pay for damage from climate change
Vermont has become the first state to enact a law requiring fossil fuel companies to pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather
31.05 / 15:43
Citi Target Strategy President Inside information Blinken says Washington approved use of US weapons by Ukraine inside Russia
U.S. President Joe Biden approved Ukraine using U.S. weapons to strike targets inside Russia that were attacking the Ukrainian city of Kharkiv, after Kyiv sought authorization from Washington in recent weeks, U.S. Secretary of State Antony Blinken confirmed on Friday. Speaking at a news conference in Prague after an informal meeting of NATO foreign ministers, Blinken did not specifically say whether Biden's authorization could expand to include other Russian cities and targets that are deeper inside Russia. He said Washington's move, a marked change in policy by Biden, who had steadfastly refused to allow Ukraine to use American weaponry for strikes inside Russia, was a result of U.S. strategy of adjusting and adapting to the battleground. Now, he said, the U.S. is responding to what it has seen in and around the Kharkiv region.
31.05 / 15:43
Citi Waves reports prevention rights Videos Window Washers dangle from famous tower in severe storm; watch video
maintenance-related work were seen dangling, holding on to a rope from a high-rise building. This raised concerns regarding their safety. This incident was reported in the Chinese capital of Beijing.
31.05 / 14:47
markets Citi Waters security Southern Department Colleges In Manipur over two lakh people are affected by in floods triggered by cyclone
Manipur over two lakh people are affected by in floods triggered by cyclone. Floods have affected 348 villages and urban localities in eight districts of Manipur. Officials said that besides important installations including medical colleges and government offices, Chief Minister N. Biren Singh’s private residence, and various hotels were inundated in knee- to waist-deep water. Water also surged into the Raj Bhavan complex, leaving the Governor's Office and Secretariat, staff quarters, and the security personnel's barracks under flood water, with only the vintage building, which is the official residence of the Governor, unaffected.
31.05 / 11:27
Citi Waves Waters Aware Wildlife outbreak guidelines Heatwave continues in Uttar Pradesh, CM Yogi Adityanath issues guidelines for administration
heatwave situation, Uttar Pradesh Chief Minister Yogi Adityanath on Friday issued necessary guidelines for administration in the state. For the last few days, the outbreak of severe heat waves has been seen in the state. The temperature is rising. In such a situation, strong arrangements should be made at every level for the safety of common people and livestock, wildlife, the Chief Minister instructed. Daily bulletin of weather forecast should be issued from the level of Relief Commissioner Office. The season of intense heat/heat waves is going on. In such a situation, be it a village or city, there should not be unnecessary power cuts anywhere. If needed, make arrangements to buy additional electricity. Problems like burning of transformer/falling of wire, tripping should be resolved without delay. Officers should attend to the phone, and there should not be any dispute, if such happens then the senior officer should immediately reach the spot himself, the CM instructed.
31.05 / 10:39
UPS Citi Art Research show Inside rights How artists are documenting the everyday moments in women’s lives
Daant ho ya dard aur ghusse ka pahaad… . “On most days, my diary entries are a response to what I see and read, and to conversations with women around me. I feel the need to document that moment and how it was dealt with.
31.05 / 10:39
markets Citi Target Platform Food performer reports Zomato: After over 160% gains in last one year, Macquarie expects sharp downside of 47% for the stock – here's why
Zomato, the food delivery platform, faces a pessimistic outlook from global brokerage Macquarie. Contrary to the bullish sentiment of other brokerages, Macquarie predicts a substantial 47 percent downside for the company in the next 12 months.
31.05 / 10:37
Citi Provident Platform security exclusive 2020 Schools GetVantange invested in over 750 companies, mostly consumer facing firms in FY24
GetVantage, an alternative-financing firm, said it invested in about 750 companies during FY24 mostly in consumer brands, which needed working capital without equity dilution amid funding winter. These include companies such as Zappfresh, Rage Coffee, WickedGud, KC Roasters and Proost among others. GetVantage saw a 71% repeat rate, offering founders flexibility in fundraising and repayments without equity dilution, it said.
31.05 / 10:27
Citi Election trends DAL Chandigarh Lok Sabha 2024 Elections: Date, schedule, party-wise candidates and other details
BJP and Congress, a trend seen in most elections since the city's inaugural parliamentary polls in 1967. However, this time, it's not just a clash between two parties but also the culmination of over a decade-long anticipation for the two primary contenders—Sanjay Tandon from the BJP and Manish Tewari from the Congress. For the first time, the Congress party is contesting the Chandigarh elections in alliance with AAP. While on the other hand, BJP and its traditional ally, Shiromani Akali Dal, have decided to part ways for this election. The rehabilitation colonies and villages, which comprise nearly half of the city's 6.6 lakh voters, play a crucial role in determining the election outcome. Residents in these areas also demonstrate a higher inclination to participate in the electoral process compared to those living in the sectorial grid.
31.05 / 09:53
Citi WhatsApp country Inside rights International Ukraine can use German weapons to defend Kharkiv border region, Berlin says
Germany on Friday suggested Ukraine could use weapons supplied by Western countries to defend itself against attacks launched from just inside Russia against the northern border region around the city of Kharkiv in accordance with international law. Germany discussed with allies the fact that Russia has carried out strikes on the Kharkiv region from positions in the immediately adjacent Russian border area, a government spokesperson said in a statement. «We are jointly convinced that Ukraine has the right, guaranteed under international law, to defend itself against these attacks,» the spokesperson said.
31.05 / 09:53
markets UPS Citi CEO reports Schools stake Infra.Market sells 7% stake in subsidiary RDC Concrete for Rs 166 crore
Infra.Market on Friday said it has sold a minority stake in its subsidiary RDC Concrete for $20 million (about Rs 166 crore) in a round led by Zerodha co-founder Nikhil Kamath. The round saw participation from investors such as Capri Global Family Office, Verity Knowledge Solutions CEO Sumeet Kanwar and Abhijeet Pai-led Wear Steels.
31.05 / 09:53
Citi Aviat Airlines Software Death stage testing IndiGo testing software, in-flight messages for passenger safety
Interglobe Aviation, which operates India's budget IndiGo airlines, has run trials on a new software related to passengers' safety and comfort, and is evaluating its in-flight safety announcements, the airline said on Friday. The airline is planning to launch another trial in the next two to three weeks for the safety and comfort-related software it tested, for its Airbus fleet, it added. A week back, an IndiGo flight headed to the northern Indian city of Jammu was forced to land in the city of Amritsar — roughly 210 kilometres (130.5 miles) away by road — after turbulence and adverse weather conditions in Jammu.
31.05 / 07:53
Citi Southern Refugees War hospital reports Israel pummels Gaza as troops push into central Rafah
Gaza Strip, with witnesses reporting air raids around the southern city of Rafah, the latest focus of the nearly eight-month war. Israel launched its military incursion into Rafah in early May despite international objections over the safety of civilians sheltering in the city on Gaza's border with Egypt. A strike that sparked a fire and killed dozens in a displacement camp at the weekend drew a wave of fresh condemnation.
31.05 / 02:37
UPS Citi Extreme show social Heatwaves and cyclones: India's tryst with climate change
IMD issuing a ‘red alert’ warning of severe heatwave conditions on 28 May for two days across six states: Rajasthan, Punjab, Haryana, Delhi, Western Uttar Pradesh and Madhya Pradesh.As a study published by the Delhi-based think tank Centre for Science and Environment (CSE) —titled Decoding The Urban Heat Stress Among Indian Cities—a few days ago shows, cities are becoming increasingly vulnerable to rising heat stress, especially deadly humid heat. The fact that cities are registering higher night temperatures adds to the deadliness.At the same time as these heatwaves, a major cyclone, Remal, made landfall in the Bengal coast on 26 May, causing extreme damage, and claimed a few lives.
31.05 / 02:03
markets Citi economy show reports testing Dollar regroups before inflation test; yen brushes off Tokyo CPI
dollar was licking wounds against peer currencies on Friday after a downward revision to U.S. GDP for the first quarter suggested room for rate cuts this year, while investors braced for inflation data. Official data showed overnight that the U.S. economy grew at an 1.3% annualised rate from January through March, down from the advance estimate of 1.6% after downward revisions to consumer spending.
31.05 / 01:23
COST UPS Citi Waters economy country Destinations India's plan of becoming the fastest-growing G20 nation may hinge on the weather
India exists at all. By some miracle of human ingenuity and industry, a land area barely bigger than Argentina with less water than Colombia is able to support nearly a fifth of the world’s population. The record-breaking temperatures above 52 degrees Celsius (125.6 degrees Fahrenheit) in the capital New Delhi this week are a warning sign, however. The magic spell that has sustained this achievement is coming close to breaking. That’s an issue not just for those sweltering on the streets of the world’s second-biggest city, but for the path to wealth that 1.4 billion people hope to follow. India has a far poorer natural endowment of land than Europe, North America and China, the continental economies that preceded it on the road to riches. Even the fragile benefits that its citizens have managed to eke out of this unpromising soil might now be slipping further away, as climate change exposes its deep fragility and washes away the foundations of growth.
30.05 / 20:23
COST Citi Target BLOCK President Courts Truckers suing to block New York's congestion fee for Manhattan drivers
Truckers have added to the list of legal challenges to block New York’s first-in-the-nation congestion fee for driving into Manhattan
30.05 / 18:31
Citi reports Monsoon Tracker: With an early onset in Kerala, here's when Mumbai, Delhi, other cities will receive rainfall
Heavy rainfall lashed the coastal state of Kerala and eight people were reportedly injured due to lightning."Normal date (for the arrival of Monsoon in the northeast) was 5th June, but it arrived today. In Kerala, it was supposed to be on 1st June, but it arrived here on 30th May.
30.05 / 18:01
Citi Aviat Strategy country travelers prevention Colleges Amazon gets FAA approval allowing it to expand drone deliveries for online orders
Federal regulators are giving Amazon key permission that will allow it to expand its drone delivery program
30.05 / 17:23
Citi Fighting President War International Global aid group asks warring forces to respect its neutrality with 24 of its aid workers killed
International Federation of Red Cross and Red Crescent Societies asked state forces and combatants Thursday to respect its neutrality and work of delivering urgent humanitarian help to the most destitute in war and other high-risk zones, saying 24 of its aid workers had been killed so far this year mostly in the Gaza Strip. IFRC President Kate Forbes, who is visiting the Philippines, said in a statement posted on X, formerly known as Twitter, that two more of her group's aid workers, Palestine Red Crescent Society paramedics Haitham Tubasi and Suhail Hassouna, were killed Wednesday when their ambulance was hit west of Rafah, Gaza's southernmost city.

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