Citi Financial News

A small sewing workshop making cloth diapers with cotton padding in Gaza's crowded city of Rafah is helping desperate parents with babies afford a basic necessity

Hundreds of tractors have blocked a lane in downtown Prague in a farmers protest over European Union agriculture policies and what they say are unfair practises

Four major gambling revenue records were smashed in New Jersey in January

Two years after California launched an effort to keep organic waste out of landfills, the state is behind on getting food recycling programs up and running

The former chairman of the Bank of China has been indicted on bribery charges, adding to a long list of business and government officials who have been brought down by Chinese leader Xi Jinping’s yearslong anticorruption drive

Amazon is arguing in a legal filing that the 88-year-old National Labor Relations Board is unconstitutional

Air India and Tata Advanced Systems (TASL), are set to invest ₹2,300 crore in Karnataka, towards establishing a Maintenance Repair and Overhaul (MRO) facility in Bengaluru, envisioning the city as the aviation hub of South India, PTI reported on February 19. The investment is aimed at fostering economic growth and employment opportunities in the state, it added.

Dr BS Ajaikumar, Executive Chairman, Healthcare Global, says they are focussed on achieving margin and growth will definitely happen. The challenge has been that with the new centres coming in, while the mature centres are giving a margin of over 22%, the best centres gives a margin of close to 30%. So, while this is happening, they plan to do a few more M&As. That will bring down the margin level. But even with that, Ajaikumar is confident that margin will be in the upper teens, reaching close to 20% towards the last quarter of next year (FY25-26). According to reports, CVC Capital is looking to sell stake in Healthcare Global. They hold 60.4% stake. Any indication how much they are going to sell? Will that trigger an open offer? Dr BS Ajaikumar: Yes, as I always say, the best person to answer is CVC. If they do plan to exit, they have to sell 60%. Yes, it will be an open offer also and from what we understand, they will be the best persons to answer these questions. As far as HCG is concerned, we have really made no change in the plans. We think we are on a very good growth trajectory.

India requires long-term effort, a senior US scientist has said and noted cost-intensive technologies such as smog towers and cloud seeding are not sustainable solutions to the pollution problem plaguing the country. In an interview with PTI, Richard Peltier, a member of the World Health Organization's (WHO) Global Air Pollution and Health Technical Advisory Group, said there is a good understanding that air pollution is «really quite bad» across India but precision is lacking due to the limited distribution of air pollution monitors. When asked how much time is needed to control air pollution in cities such as Delhi, he cited the example of the US. The US implemented the Clean Air Act in the 1960s, Peltier said and added only recently has the country developed air quality that is generally considered good.

VC crypto investment rules could be relaxed in Japan, where the government plans to allow venture capital firms to invest in Web3 companies.

Israel will launch its long-threatened offensive against Rafah next month if Hamas has not freed the remaining hostages held in Gaza by the start of Ramadan, Israeli war cabinet member Benny Gantz said. «The world must know, and Hamas leaders must know — if by Ramadan our hostages are not home, the fighting will continue everywhere, including the Rafah area,» Gantz, a retired military chief of staff, told a conference of American Jewish leaders in Jerusalem Sunday. Ramadan, the Muslim holy month, is expected to begin on March 10.

detained in Russia while paying tribute to opposition leader Alexei Navalny, who died at a remote Arctic penal colony, a prominent rights group reported Sunday. The sudden death of Navalny, 47, was a crushing blow to many Russians, who had pinned their hopes for the future on President Vladimir Putin's fiercest foe. Navalny remained vocal in his unrelenting criticism of the Kremlin even after surviving a nerve agent poisoning and receiving multiple prison terms.

banking legacy of Karnataka which has disappeared due to the recent bank mergers. Speaking at the centenary celebrations of Karnataka Bank here, he said, «Karnataka was the cradle of banking in India. Unfortunately, many legacy Karnataka banks such as Syndicate Bank, Vijaya Bank, and Corporation Bank have been merged with other banks. I call upon banks like Karnataka Bank to bring that glory back to Karnataka.» «I urge Karnataka Bank to bring back the glory and pride of the banking legacy in Karnataka. The banking has a rich history in the region and don't forget the road you have taken to reach here,» he said after releasing a Rs 100 coin and a stamp to commemorate the centenary celebrations of Karnataka Bank.

₹4.36 trillion between the 13th and 15th FCs. Against the backdrop of Vocal for Local, Lifestyle For Environment (LiFE) and Jan Bhagidari espoused by the prime minister for greater citizen participation in governance, the 16th FC’s potential to transform the governance in general and public finance in particular of India’s cities is immense.

National Assembly seats in the general elections has raised concerns among their voters and stakeholders amid political wrangling over a numbers game for the formation of a new government in the Centre, English daily Dawn reported on Sunday. The report said, over 101 independent candidates — most of them backed by Pakistan Tehreek-e-Insaf (PTI) — have won National Assembly seats, citing unofficial results.

Mint explains: Bike-taxis offer a cost-effective mode of transportation, particularly for lower and middle-income groups. With fares of ₹8-10 per km, they compete well with traditional auto-rickshaws, catering to first- and last-mile connectivity needs. Their affordability and accessibility make them useful for urban mobility, especially in congested areas where other modes of transport may be scarce.

Karnataka Deputy Chief Minister D K Shivakumar on Sunday said that the state government was considering building flyovers along certain stretches of metro lines to decongest Bengaluru city. Speaking at the mass grievance redressal 'Government at Your Doorstep' at Jnanabharathi, he said, «It has been decided to build flyovers on certain stretches of metro lines to decongest the traffic. A proposal has been sent to the Centre regarding this.» «The Chief Minister announced many projects in the Budget to develop Bengaluru. The BBMP Budget will be presented soon and it will complement the projects announced in the State budget. We are preparing a feasibility report for tunnel roads near Yeshwanthpura, Sumanahalli, Goraguntepalya, etc.»

Pakistan prime minister Imran Khan's party on Sunday demanded a judicial probe into growing allegations of vote rigging even as two major political parties failed to reach a power-sharing formula to form a coalition government. Though independent candidates backed by Khan's Pakistan Tehreek-e-Insaf (PTI) party won the maximum number of seats in Parliament, the Pakistan Muslim League-Nawaz (PMLN) and the Pakistan Peoples Party (PPP) — have announced that they will form a coalition government after the February 8 elections resulted in a hung Parliament. The post-poll alliance by the PML-N and the PPP could mean that PTI will not be able to form the next federal government, prompting Khan's party to allege that the two rival parties were trying to steal the people's mandate with the help of the powerful establishment.

economy, Prime Minister Narendra Modi is set to inaugurate over 14,000 projects valued at more than Rs 10 lakh crore during the Ground Breaking Ceremony (GBC@IV) on Monday at the Indira Gandhi Pratishthan in Lucknow. This initiative is poised to create about 34 lakh job opportunities across the state, marking a significant leap towards economic growth and prosperity. Prime Minister Modi, accompanied by Chief Minister Yogi Adityanath, will also tour the exhibition showcasing these transformative projects. Following this, he will address the citizens of Uttar Pradesh from the main GBC hangar, offering his heartfelt wishes for the successful commencement of these endeavours.

high blood pressure and sugar levels, a young man from Uttar Pradesh who was preparing for medical entrance exams here in Kota passed away under treatment, officials said on Sunday. Shivam Raghav (age 21) is a NEET candidate from the Aligarh region of Uttar Pradesh. He has spent the previous three years studying in Kota for the entrance exam and is residing in a dormitory room in Landmark City, which is under the Kunhari police station. The kid was sent to MBS Hospital on Friday as his condition worsened, according to Sub Inspector Rajaram of Kunhari police station. The boy had high blood pressure and sugar levels for the previous six months. He stated that Raghav's condition worsened while he was still in the hospital, forcing an ICU transfer, where he passed away early on Sunday morning. After the post-mortem, the police gave his family members, who had traveled to Kota following his hospitalization, the body.

stock markets to help pay for an apartment in a big city. But in 2015 he lost $30,000, and in 2021 he lost $80,000. After that, he shut down his trading account and started investing in Chinese funds that track stocks in the United States. It's a perilous time for investors in China. Their main vehicle, so-called A shares of Chinese companies, fell more than 11% in 2023 and have continued their losses this year. Many investors have instead flocked to the exchange-traded funds that track foreign markets and that have been performing much better.