Citi Financial News

29.05 / 20:25
Citi WhatsApp Features cricket jogging T20 World Cup: India begin training, Virat Kohli yet to arrive
NEW YORK: After two months of intense competitive cricket under night lights, the Indian cricket team, sans Virat Kohli, began its preparations for the T20 World Cup with a morning training session here, keeping in mind the 10.30am starts for all its preliminary games. Kohli took a break for personal work after RCB's IPL ouster and in all likelihood, he will join the squad by Friday. But it is not clear if he would be able to take part in the only warm-up game against Bangladesh on Saturday after a long flight.
29.05 / 20:13
UPS Citi Progressive Southern President War Qatar's ruler looking to invest in energy, ports and high-tech in Cyprus, official says
The emir of Qatar is looking to invest in energy and high-tech in Cyprus — projects seen as having a strong economic potential
29.05 / 20:13
COST UPS Citi Manufacturing Southern President New Jersey and wind farm developer Orsted settle claims for $125M over scrapped offshore projects
Danish wind farm developer Orsted will pay New Jersey $125 million to settle claims over the company’s cancellation of two offshore wind farms last year
29.05 / 20:13
Citi Volkswagen Action Election Trade Investigations US files a labor complaint over claims that a Volkswagen plant in Mexico fired union activists
U.S. trade authorities have filed a labor complaint with Mexico over allegations that a Volkswagen auto plant in central Mexico unfairly fired union activists
29.05 / 19:11
Citi Fighting Southern War cover reports Israel military says it has seized entire Gaza border along Egypt
strategic corridor that runs along the length of Gaza's border with Egypt, an objective Israel had said was necessary in its bid to destroy Hamas as part of the ongoing war, now in its eighth month. The capture of the area, known as the Philadelphi Corridor, gives Israel control over a strip of land it says is awash in smuggling tunnels that have funneled weapons and other goods for Hamas — even under a yearslong blockade imposed by Israel and Egypt. The move comes as Israel has deepened its incursion into the southern Gaza city of Rafah, where hundreds of thousands seeking shelter from fighting elsewhere had been displaced. The capture of the corridor could complicate Israel's relations with Egypt, which has complained over Israel's advance toward its border, including when Israel took over the Rafah border crossing, the only crossing between Gaza and Egypt.
29.05 / 17:41
markets UPS Citi Extreme Experts Podcasts Interviews Trudeau wants to maintain home prices while pushing affordability. Is it possible?
The federal government is aiming to make housing affordable for younger Canadians while retaining property value for existing homeowners, Prime Minister Justin Trudeau said in an interview with the Globe and Mail. 
29.05 / 17:05
Citi Waves reports Department Investigations rowing Delhi sizzles at 52.9°C: IMD probes possible 'sensor error' in record-breaking heatwave
India Meteorological Department (IMD) is currently investigating the temperature sensor at the automatic weather station in Delhi's Mungeshpur to ensure it is functioning correctly, as reported by IMD Director General M. Mohapatra. The IMD stated in an official release that it is examining the data and sensors. «The maximum temperature over Delhi NCR varied from 45.2 degree Celsius to 49.1 degrees Celsius in different parts of the city, Mungeshpur reported 52.9 degrees Celsius as an outlier compared to other stations. It could be due to an error in the sensor or the local factor. IMD is examining the data and sensors,» the release mentioned.
29.05 / 17:05
Citi SUN Southern Cycling rights Northern Lights to emerge again? How can you watch the dazzling sight?
Solar storms are expected to be back and this will bring back the northern lights. The European Space Agency had recorded an incident of a major solar flare on May 20. This was recorded by the agency’s Solar Orbiter Aircraft and it occurred right behind the Sun. It was rated as a X12 and it is believed that it hasn’t occurred since 2017. Scientists believe that it will lead to more solar flares in the coming days.
29.05 / 16:55
Citi Provident Booking Action community Commerzbank International EBAday 2024: 100 banks registered and ready to fuel the payments technology conversation
EBAday has provided this to the Finextra and EBA community, year on year, for 18 years and will again in Lisbon at the CCL from 18-19 June 2024, leading the conversation on orchestrating the dialogue on payments and the advantages of collaboration.
29.05 / 16:31
Citi Southern wellness Refugees social reports With ‘All eyes on Rafah’, where are millions of Palestinians fleeing amid Israeli strikes?
'All eyes on Rafah': Israel pounds southern Gaza city amid global outrage and ICJ ruling — All you need to knowIsrael has defended their operation by stating that their mission 'only' aims to destroy Hamas fighters. However, over thirty thousand Palestinians have lost their lives in the airstrikes, including thousands of children.Some of those Palestinians have managed to survive the months of airstrike and are making the eighth move, with what little is left of their belongings and life to survive.On Tuesday, the phrase, 'All eyes on Rafah', flooded social media as several people from across the world came out in support of Palestinians residing in the Rafah city located in war-torn Gaza.Rafah, a city near the Palestinian territory’s southern border with Egypt, has been under Israeli ground assault since early May.
29.05 / 16:31
Citi Target Southern information Videos Investigations Israeli Army denies hitting Rafah tent amid global outcry: 'Efforts made to minimize casualties but...'
following the airstrike, a large fire ignited "for reasons that are still being investigated". However, the munition used by Israel to target the Hamas leaders "alone could have ignited a fire of this size," Hagari said in a video statement.The IDF spokesperson also shared satellite images to explain and clarify that they had targeted "a closed structure [in Rafah] which was away from the tent area"."There are no tents in the immediate vicinity of the structure that we targeted," he said.
29.05 / 16:31
Citi Yellow Mercury Department Delhi-NCR, get ready for light rains soon! IMD predicts dust and thunderstorms on THIS day
ALSO READ: Car wash in Delhi: You have to pay fines amid ‘serious wastage of water’; netizens react to AAP minister Atishi's postThe India Meteorological Department (IMD) predicted a respite from heatwave for a few districts of Delhi starting Friday, May 31. The IMD issued an orange alert for heatwaves only in Gurgaon and Faridabad on May 31 and yellow alert in parts of Delhi.
29.05 / 16:03
Citi Citizens security Election Trade War Justice Why has this tourist hotspot in Mexico turned into world's 'murder capital'? Know about cartels and gang wars
Colima city in Mexico which has earned the infamous tag of being the world’s murder capital. Why has this holiday spot turned into a murder capital?
29.05 / 15:09
UPS Citi Aware Platform Research electronic Reliance Retail plans 30-minute delivery model for quick commerce re-entry
Reliance Industries’ retail arm, Reliance Retail will not compete with Blinkit and Zepto with a 10-minute delivery model for its proposed re-entry into quick commerce venture next month. Instead the country’s largest retailer is planning a 30-minute delivery model with a wider assortment than existing quick commerce companies which will be fed by Reliance’s own stores and the almost 20 lakh kiranas who source products from the company, said two executives aware of the plans. The kiranas are part of the JioMart Partner initiative whereby they source products from Reliance Retail’s wholesale arm and have their backend connected. The company will be utilizing tech platforms such as FYND and Locus for the fulfilment process and optimise delivery routes to ensure orders reach within 30 minutes, considering Reliance is not setting up dark stores like other quick commerce operators who have such warehouses in each locality for under-ten-minute delivery, they said.
29.05 / 14:37
Citi Provident security Strategy Adventure travelers boating How a family of four unlocked the secrets of Switzerland: 25+ cities, 11 days, Rs 90,000!
European vacation can be both affordable and enriching. Through meticulous planning and smart travel hacks, they explored over 25 Swiss cities in just 11 days, all for the modest sum of Rs 90,000. Mehul Shah, a CA and tax litigator, shared their secrets to success, highlighting the invaluable role of the Swiss Travel Pass in their budget-friendly escapade. Swiss Travel Pass: The Key to Savings and Convenience Central to their strategy was the Swiss Travel Pass, a comprehensive pass that offered unlimited travel on trains, trams, buses, boats, and select cogwheel railways across Switzerland. Priced at just Rs 45,000 per adult for a 15-day pass (around $560 USD), the pass provided exceptional value. The family benefited from free travel for their two children under 16, thanks to the bonus Family Card, significantly reducing their transportation costs. Additionally, the pass granted them free entry to over 500 museums and offered discounted pricing on select excursions, such as the Titlis and Glacier 3000 experiences.
29.05 / 14:37
markets Citi Art beautiful hospital Features Destinations ITC expands its presence in Rajasthan with Storii Jaisalmer
ITC Hotels said on Wednesday it has signed a management agreement with Jaipur based Dangayach Group, for a property under brand Storii, in Jaisalmer, Rajasthan. The company said Storii by ITC Hotels, Jaisalmer will be a 119-key resort located towards the east of the city on Jodhpur-Jaisalmer Road. The resort will feature a restaurant, bar, and approximately 7000 sqft of banquet and meeting space.
29.05 / 14:37
Citi Fighting security Election President Interviews Manish Tewari political tourist, will look for new seat in 2029: BJP Chandigarh LS nominee
BJP leader Sanjay Tandon who is making his Lok Sabha election debut from the Chandigarh parliamentary seat said his opponent and senior Congress leader Manish Tewari is a "political tourist" and will look for a new constituency in 2029 to fight polls from. Tandon, who has been the Chandigarh BJP President for 10 years, exuded confidence that the party will secure a hat-trick of wins from the constituency which will go to polls in the seventh phase on June 1. «Manish Tewari is a political tourist… In 1991, he went to Kanpur to contest election… even before he reached the constituency people objected and he was sent back to Delhi from the airport itself,» Tandon told PTI in an interview. «Since then he has been behaving like this only. He goes to a constituency, tries to play with the system there. He has been elected twice from two different constituencies. The question that comes to the mind of people in Chandigarh is why did he leave Ludhiana?» he asked.
29.05 / 13:10
Citi Waters social Car wash in Delhi: You may have to pay fines amid ‘serious wastage of water’ in Capital City; netizens react
₹2,000 on anyone found wasting water. The teams shall also disconnect any illegal water connections on construction sites or commercial establishments.Many social media users have reacted to Atishi’s notification.
29.05 / 11:27
Citi security Election President show country Mexico is about to elect its first female president. Her job: save the nation
MEXICO CITY—Claudia Sheinbaum, a Jewish woman with a Ph.D. in energy engineering, is expected to become the first female president of Mexico, a historic ascent in a largely Catholic country. Sheinbaum’s commanding lead in polls ahead of Sunday’s election is rooted in her endorsement by Mexico’s popular nationalist leader, President Andrés Manuel López Obrador, who shepherded Sheinbaum’s career over the past two decades.
29.05 / 10:49
Citi Election show reports strain International How heat stress has increased in urban India this year
NEW DELHI : Ten of India’s 65 cities with over a million population experienced more than 100 hours of ‘heat stress’—dangerous levels of both heat and humidity—in May, in the midst of India’s longest election season, data analysed by climate tech startup, Respirer Living Sciences, showed. Heat stress refers to situations when the heat index, which accounts for both surface temperature and humidity, exceeds 41°C.
29.05 / 10:47
Citi WhatsApp Delhi breaches 8,300-MW first time ever as heatwave sends power demand soaring
summer heat in Delhi pushed its peak power demand to an all-time high of 8,302 MW on Wednesday afternoon, officials said. It is the first time in the history of the national capital that its power demand has crossed the 8,300-MW mark. Power distribution companies had estimated the power demand to peak at 8,200 MW this summer, the discom officials said. According to the State Load Dispatch Centre, Delhi, the peak power demand of the city was 8,302 MW at 15:36:32 hours. The previous peak power demand was recorded earlier this month, when it touched 8,000 MW on May 22.

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