Citi Financial News

Climate change and a yearslong drought have forced Morocco's famous public baths to close a few days a week in an effort to save water

USD 200 billion this year and huge opportunities exist for the two countries to expand cooperation in defence, space besides critical emerging technologies like semiconductors and artificial intelligence, said American Ambassador Eric Garcetti on Thursday. The US is proud to be India's No. 1 trading partner with two-way trade reaching nearly USD 200 billion last year, Garcetti told reporters in Indore. «I think this year we will break the (previous) record of USD 200 billion in bilateral trade (between India and the US),» he said. The envoy asserted that US President Joe Biden in the past had emphasized that trade between India and America should rise to the level of USD 500 billion given the potential for expansion. Efforts are on achieve this goal, said the Ambassador who took charge of his new diplomatic assignment last year.

schools are facing the possibility of temporary closures due to the city's escalating water shortage. The lack of water not only affects educational activities but also leaves children vulnerable to the scorching heat, with temperatures already exceeding 30 degrees Celsius. The city is experiencing a severe shortfall, needing 2,600 to 2,800 million litres of water per day but facing a deficit of over 1,500 MLD. More than 3,000 bore wells in the city have dried up, and 223 of the state's 236 talukas are affected by drought. City's Water Crisis The city's water crisis has reached such an acute stage that schools and residents willing to pay for water tankers are struggling to secure supplies. The destruction of lakes in Bengaluru, once known as the 'city of lakes,' has aggravated the situation. To address the crisis, the state government has taken over private water tankers, deploying over 200 on a contract basis to standardize rates.

Citibank has announced that one of it’s long-time employees and senior leaders is to retire after 22 years.

National Testing Agency (NTA) is expected to release the admit cards or hall tickets for the Common University Entrance Test-Postgraduate or CUET PG 2024 on Thursday i.e. March 7, 2024. Aspirants can download CUET PG 2024 Admit Card from the official website pgcuet.samarth.ac.in using the application number and date of birth.

In anticipation of International Women’s Day, IndiaLends, a prominent online marketplace for credit products, introduces the 6th edition of its annual #WorkingStree report. This year’s survey, centred on “Women Entrepreneurship and Investments", explores the aspirations and realities of working women in India. The report underscores a change in the priorities of working women in India. Let’s delve into the details:

IWG, which operates brands like Regus and Spaces in India, is looking to double its presence in India in next 12-18 months on the back of demand for flexible space by corporates, a senior executive said. The company has recently signed an agreement with US brand HQ to open centres in India. IWG currently operates 100 centres in India and it is not in the top 10 market for the group. With aggressive expansion plans, India is expected to be among the top 5 for IWG.

Gopal Krishna Gokhale Bridge, demolished in 2022 and subsequently reconstructed, has left commuters surprised by a glaring oversight — a 6-foot vertical gap between the bridge and the adjacent Barfiwala flyover, a vital link for city traffic. The revelation of this misalignment has prompted a flurry of reactions from citizens, with many taking to social media platforms to express their astonishment and amusement at the peculiar situation. Memes and humorous videos depicting the unusual gap have quickly spread across online communities, reflecting the incredulity of Mumbai residents. Adding to the conversation, the renowned dairy brand Amul has weighed in with its signature wit and humor.

startup MyCaptain said it has received Rs 14 crore funding from a bunch of investors including Inflection Point Ventures, an angel investing platform. The other investors in the funding round were MyNavi, Piper Serica, Super Capital and Ankur Capital, it said. With this fundraising, MyCaptain plans to expand its hybrid programmes into diverse cities, establishing four regional sales centres. It is also looking at introducing new programmes with a target to reach a portfolio milestone of about 50 beginner courses and five placement readiness programmes, according to a company statement.

Almost a year after it was announced that one of TV’s biggest blockbuster series was moving to B.C. to film, we’re getting our first look at one of the sets for The Last of Us.

Mahanagar Gas (MGL) slumped 15% in the previous trading session to ₹1,329 apiece, and they are down 16% from a record high of ₹1,580 apiece. This sudden downturn occurred after the company reduced CNG prices to pass on benefits to end consumers. Investors anticipate that this move will likely impact the company's margins in the future.

By Adriana Barrera and Cassandra Garrison

The American Century Cos. in 2021 admitted in a federal settlement with the Department of Justice that it had conspired with a wealth management firm also located in the Kansas City, Missouri, area, to dampen the local job market by suppressing and eliminating competition for workers.

M&A in the Canadian RIA market remains robust thanks to a push from private equity. It may not be as hot as in America, but it’s not bad at all for the “Great White North,” said Shaun Hauser, CEO of Wellington-Altus Financial, a Canadian wealth management firm.

The largest US public pension fund is looking externally for its next chief investment officer, following a long spell of lackluster returns and leadership churn. 

Chicago voters will get the chance this month to decide on a ballot measure that would levy a one-time tax hike on luxury properties to pay for services for homeless people, according to a panel of Illinois appeals court judges

The European Union and Germany say they will give Albania nearly $88 million to turn the three main bus lines in the capital Tirana electric, part of helping the Balkan country meet requirements to join the 27-nation bloc

Sleeper trains are regaining momentum in Europe thanks to travelers who are concerned about climate change and fed up with air travel

A growing number of climate-conscious Europeans want to give up flying in favor of long-haul trains, especially younger travelers

The Meta outage that affected Facebook, Messenger and Instagram for a few hours on Tuesday was an inconvenience for most

Los Angeles Lakers will host Sacramento Kings at Crypto.com Arena on Wednesday night. The NBA game between Los Angeles Lakers and Sacramento Kings is scheduled to tip off at 10.30 pm (ET) on March 6, 2024. One can watch the game for free on fubo TV and there is a free trial on NBA TV.