Citi Financial News

Bamboo farming is on the rise in Uganda, where the hardy and fast-growing crop is seen by the government as having real growth potential

Longtime Baltimore Orioles owner Peter Angelos has died at the age of 94

Heavy rains in Brazil this weekend killed at least 23 people in the southeastern states of Rio de Janeiro and Espirito Santo. Espirito Santos' state government said Sunday that 15 people died and almost 5,000 were out of their homes due to heavy rains falling since Friday night. Rio authorities reported eight deaths Saturday. Thirteen deaths in Espirito Santo were registered in Mimoso do Sul, a countryside city 74 kilometers (46 miles) south of the state capital, Vitoria.

job advertisement in China seeking cashiers aged 18 to 30 at a grocery store has ignited debate on social media about the perils of «middle-age unemployment», amid a scramble to fill jobs across age groups and energise a sluggish economy. With tens of millions of college graduates set to join the workforce in the next few years, the nation of 1.4 billion is grappling with the threat of high youth unemployment, but people over 30 also face unrelenting pressure in finding jobs.

Now, many legal luminaries and water experts have also been suggesting the Karnataka government to encourage WFH measures till the city tides over the water crisis. Speaking at a recent event, Justice K Sreedhar Rao, former acting chief justice of the high courts of Karnataka and Assam, proposed a short-term solution of implementing work-from-home policies, particularly for the approximately 15 lakh IT workers in Bengaluru. Justice Rao reasoned that allowing work-from-home arrangements for a year could result in around 10 lakh people could result in around 10 lakh people returning to their hometowns, thereby alleviating some pressure on Bengaluru's resources. Justice Rao remarked that in the 1980s, the city's population was between 25 to 30 lakh, whereas now it has surged to over 1.5 crore. Even as the state of Karnataka faces three years of drought 2003-04, the impact wasn't felt as severely due to the lower population density at that time. He also suggested measures like desilting of lakes.

Bhubaneswar arrested Parsuram Giri, a notorious burglar who had been evading capture for years, on Monday. Giri, known for his extravagant lifestyle, was found to have spent nights in five-star hotels across various metro cities. His arrest comes after he was wanted in connection with at least 21 cases of burglary in the city over the past year. «He usually targeted locked residential buildings in the city. He used to break in through the windows to enter the buildings and steal cash and jewellery. He carried out the burglaries singlehandedly,» said Police Commissioner Sanjeeb Panda. Giri's modus operandi involved targeting locked residential buildings, breaking in through windows, and stealing cash and jewellery. Police Commissioner Sanjeeb Panda stated that Giri operated alone, showcasing a high level of skill and daring in his criminal activities.

Suspects in the Russia concert hall attack, which left more than 130 dead, arrived at a Moscow district court on Sunday night.

open for trading despite being a national holiday on account of Holi. Gift Nifty, which is a futures contract based on the Nifty50 index of NSE, is closed on five days in the entire year. These five days include Republic Day, Special Holiday in January on account of Ram temple opening, Independence Day, Mahatma Gandhi Jayanti and Diwali.

PTI. However, the agency will investigate to ascertain if these directions were in line with the Special Prevention of Money Laundering Act (PMLA) court's order during Kejriwal's custody period. Arvind Kejriwal was arrested by the Enforcement Directorate on March 21 in an excise policy-linked money laundering case.

Physics Wallah will open “as many offline centres as it can” in FY25 even if it erodes profits, founder and chief executive Alakh Pandey told ET. The Noida-based company’s aggressive approach to opening offline centres has not been dampened by the sharp drop in its net profit to Rs 16 crore in FY23 from Rs 98 crore in the previous year.

Harsh Jain and Haptik CEO Aakrit Vaish to chair its eight-member governing council in its inaugural elections starting from April 1 for a two-year term. Other members of the newly elected governing council include Vishal Gondal, cofounder and CEO of GOQii; Dhruvil Sanghvi, founder and CEO of LogiNext; Akanksha Hazari, founder and CEO of LoveLocal; Mayank Kumar, cofounder and MD of upGrad; Naiyya Saggi, cofounder of The Good Glamm Group; and Vivek Khemani, cofounder of Quantiphi.

Among the areas identified for heightened caution are populous cities like Dallas, Oklahoma City, and Wichita, Kansas. This classification serves as a stark reminder of the unpredictable nature of severe weather patterns, prompting residents and authorities alike to remain vigilant and prepared for potential hazards.

VIENNA (Reuters) — The centre-left deputy mayor of Salzburg, Bernhard Auinger, beat his Communist rival Kay-Michael Dankl in a run-off vote for mayor on Sunday and pledged to work with him after Dankl focused on high housing costs in one of Austria's hardest-hit cities.

Hong Kong's temperature on Sunday reached the highest recorded level during the month of March in 140 years, according to the city's observatory. The maximum temperature measured at the Observatory was 31.5 degrees Celsius (88.7 degrees Fahrenheit) — the highest reported during the month of March since records began in 1884 — while it surged to above 32 degrees Celsius in the northern areas of the territory close to the mainland Chinese city of Shenzhen.

terror attack in the Moscow region, evidence of radicalised Central Asian youth penetrating Russia is emerging as a threat. ET has learnt that the Russian security agency FSB had eliminated two terror groups comprising youth from Central Asia between February and early March before the third group struck at Crocus City Hall last week, killing more than 100 people. The Indian security establishment is closely monitoring the situation and the emerging pattern of terror threat in Russia and Central Asia. On Sunday, External Affairs Minister S Jaishankar spoke with Russian foreign minister Sergey Lavrov and conveyed condolences over the terrorist attack. Russian national security advisor Nikolai Patrushev has called for wider partnership to counter the terror threat and radical cells. On the morning of March 7, the FSB conducted a special operation in the village of Koryakovo, Kaluga region of Russia. Two terrorists from Central Asia were killed in the operation, according to security analysts. FSB was assisted by Kazakh security officials in the operation.

Courts across the country have been alluding to the word ‘trust’ a lot these days. Occasionally, they use the term directly. But even when they don’t, it’s presence can still be felt front and centre, especially when courts point to its deficit in public life or refer to its diminution in the social contract between citizens and various organs of the state.

By Fabio Teixeira and Ricardo Brito

BJP MP from Ghaziabad Gen (retd) V K Singh on Sunday said he will not contest the upcoming Lok Sabha elections. The Union Minister of State for Civil Aviation and also for Road Transport and Highways represented Ghaziabad constituency for tow terms since 2014. «I have dedicated my entire life to the service of this nation as a soldier. For the last 10 years, I have worked tirelessly to fulfill the dream of making Ghaziabad a world-class city. In this journey, I am grateful for the trust and love that I have received from the people of the country and Ghaziabad as well as from the members of the BJP. This emotional bond is priceless to me,» Singh posted in Hindi on X. «With these feelings, I have made a difficult, but thoughtful decision. I will not contest the 2024 elections. This decision was not easy for me, but I have taken it from the bottom of my heart. I want to take my energy and time in new directions, where I can serve my country in a different way,» Singh added.

Ayodhya will be more special and grand with plans to let devotees play the festival of colours with Ram Lalla at Shri Ram Janmabhoomi temple. During the Holi celebrations at Ayodhya's Ram temple, gulal will be applied to Lord Ram Lalla and special delicacies like kachori, gujiya, puri, kherr (pudding), etc will be offered to the deity. Also Read: Bank Holiday March 2024: Banks to be closed for Holi on March 25.

₹50,000 crore investment across businesses to add at least $2.5 billion to annual EBITDA. The RBI is also set to conduct a special audit of IIFL Finance, JM Financial for regulatory breaches. Kejriwal has issued his first direction from ED custody, asking Water Minister Atishi to solve water- and sewer-related problems in some areas of the city.

Janardhana Reddy on Sunday said he would rejoin BJP on March 25. The KRPP founder said he took the decision to make Narendra Modi the Prime Minister again for the third time. «After consulting my supporters, I took the decision. Tomorrow at 10 am I am rejoining BJP,» he told reporters here. Reddy said he would support the BJP candidate from Ballari Lok Sabha constituency, B Sriramulu, whom he called a boy raised by him.