Citi Financial News

I am likely to get into trouble with many of my friends for saying this, but I think the world is making extraordinary progress towards addressing climate change. It might not be fast enough to achieve emissions and temperature targets that follow from the IPCC’s studies, but in the past 15 years, we have seen first a scientific consensus and then a global political consensus on the problem definition, followed by convergence on approaches and firm international agreements on targets and timelines. Climate activists remain unsatisfied, but for students of international relations, this kind of progress is unprecedented, not least at a time when the world lacks a stable order, technological change is causing social upheavals everywhere and hundreds of millions of people around the world have entered the middle class.

Chinese firms can now use the digital yuan to pay into employee housing funds, as the nation’s banks look for new CBDC applications.

Israeli military has said that its ground forces were operating against Hamas across the Gaza Strip on Sunday, its clearest indication yet that a planned ground offensive in the enclave's heavily crowded south had begun as Israeli bombing killed and wounded dozens of Palestinians. The Israeli military earlier ordered people to evacuate some areas in and near the city, but made no announcement of any new southern ground assault. 2.

By Manoj Kumar

Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Boeing, Spirit Aerosystems, and Constellation Brands; downgrades for Foot Locker and Airbnb.

Israel's military increased airstrikes on Hamas targets in southern Gaza, a widening front in the war, as each side ruled out further talks toward a renewed cease-fire. Israel pulled its negotiating team from Qatar, denting hopes that a seven-day cease-fire, accompanied by exchanges of hostages and prisoners, would be extended.

residential real estate market has prompted property developers to actively pursue and conclude transactions for land parcels, and the trend is not limited to metropolitan regions and peripheral locations but is also evident in tier-II and -III cities, too. Homebuyers' interest in plotted developments has spiked, particularly after the outbreak of Covid-19 pandemic. The buoyant demand for warehousing has also pushed finalisation of land deals higher. During the 22-month period from January 2022 to October 2023, real estate developers purchased about 3,294 acres of land.

Colliers-FICCI report. Flex space stock across the top six cities has almost doubled since 2019, and is currently at 43.5 mn sq ft, comprising 6.3% of the total Grade A office stock. India's flex space market has outpaced peers in the Asia Pacific region as it grew stronger and bigger post pandemic amid evolving workplace trends, increasing diversification of occupier-base and realignment of real estate portfolio by corporates. «The spurt in flex activity continued in 2023 as well, reinforcing the gradual shift in the way businesses are realigning their real estate portfolio decisions. By the end of 2023, flex space leasing is estimated to constitute an impressive 15-20% of overall office leasing and this is noteworthy.

Indian Navy has planned to deploy both its aircraft carriers INS Vikramaditya and INS Vikrant on the eastern seaboard during Milan-2024, a flagship international naval exercise hosted by Vizag from February 19-27 next year, a senior official said on Sunday. «The event will be held under the aegis of the Eastern Naval Command (ENC) of the Indian Navy with likely participation from nearly 50 friendly countries as a delegation, and 20 foreign warships along with one maritime patrol aircraft,» said Vice Admiral Rajesh Pendharkar, Flag-Officer Commanding-in-Chief (FOC-in-C) Eastern Naval Command.

BJP which won just one seat in the 2018 Telangana assembly polls, has almost doubled its vote share and bettered its seat tally in the southern state in the hustings that comes months ahead of next year's Lok Sabha polls. The saffron party's vote share surged from 7 per cent in 2018 to 13.88 per cent in the present assembly polls even as its number of seats has gone up to eight. The party also won two by-polls, giving it three members in the outgoing assembly.

GTA or Grand Theft Auto trilogy to its platform. Grand Theft Auto: The Trilogy — The Definitive Edition, set to launch on December 14, is not merely a game release; it's a groundbreaking move that seamlessly merges streaming and gaming within the Netflix universe.

Narendra Modi. Among the receivers of the workers was Uttarakhand Chief Minister Pushkar Singh Dhami. The rescue had been a news drama for days.

TAIPEI (Reuters) — Taiwan President Tsai Ing-wen appealed to voters on Sunday to think of what had happened to Chinese-controlled Hong Kong when they cast their ballots next month, saying peace must be backed up with a commitment to boost defences.

Godrej Properties net debt rose 17 per cent in the July-September quarter to Rs 6,174 crore mainly due to fund acquisition of land parcels. According to its investors presentation, the net debt of Mumbai-based Godrej Properties stood at Rs 6,174 crore as on September 30, 2023. Its net debt was Rs 5,298 crore as on June 30, 2023 and Rs 3,649 crore at the end of the last fiscal.

Pepe Jeans London is aiming for sales of around Rs 2,000 crore from the Indian market and plans to expand its retail network by adding over 100 stores in the next three years, its India MD and CEO Manish Kapoor said. Pepe Jeans London, owned by Spanish global fashion group AWWG, is «very buoyant» for the Indian market, and aims to grow at 18-20 per cent compound annual growth rate (CAGR) in the next three to five years, Kapoor told PTI. As part of the strategy, Pepe Jeans is now focusing on the expansion of its network of brand stores and fast-growing e-commerce channels.

By Suhaib Salem and Nidal al-Mughrabi

By Karen Lema and Neil Jerome Morales

By Nathan Layne

Car care services startup Park+ expects to turn profitable by the January-March 2024 quarter and close the current fiscal with over Rs 200 crore, a senior company official said. Park+ founder and CEO Amit Lakhotia said that the company at present has operations in about 30 cities and plans to expand to over 100 cities by 2024. The Epiq Capital backed company has raised $55 million till date to fund its operation which is sufficient for the company to fund operations as well as planned expansion.

earthquake that shook the southern Philippines killed at least one villager and injured several others as thousands scrambled out of their homes in panic and jammed roads to higher grounds after a tsunami warning was issued, officials said Sunday. The U.S. Geological Survey reported that the quake Saturday night had a magnitude of 7.6 and struck at a depth of 32 kilometers (20 miles).

Variety's report. In 1994, Warner Bros. began work on the project ‘I Am Legend’ but the production got delayed due to budgetary concerns.