Citi Financial News

By Howard Schneider and Ann Saphir

Isaac Herzog and his Palestinian counterpart Mahmud Abbas will both address the COP28 UN climate talks in Dubai this week, seven weeks into the Israel and Hamas war, officials said on Tuesday. Herzog and Abbas are both scheduled to make speeches lasting three minutes maximum on Friday. Abbas is expected to be in the room when Herzog is speaking, as he is scheduled to address the room only three speakers later. Abbas, head of the Fatah party that leads the Palestinian Authority in the occupied West Bank, has only met Israeli officials on rare occasions. More than 140 heads of state and government are due to address COP28 on Thursday and Friday, the start of nearly two weeks of talks to address the climate crisis, according to a UN list made available on Tuesday.

IWF Center for Economic Opportunity director Patrice Lee Onwuka reacts to a survey that reveals how much money people need to feel less stress on 'Making Money.'

NAHB CEO Jim Tobin discusses the state of the housing market, American homeownership, and using family money for home down payment.

Tokyo Gas has joined the race to acquire a minority stake in Think Gas Distribution, Indian natural gas supplier owned by private equity fund I Squared Capital, said two people aware of the development. Founded in 1885, Tokyo Gas is the city gas provider in the Tokyo metropolitan area and surrounding Kanto region. Tokyo Gas is doing due diligence at present, said sources.

Speaking on the milestone, Nalin Negi, CFO and Interim CEO, BharatPe, said, “BharatPe was started with the vision of empowering millions of offline merchants and MSMEs across the country, with best-in-class fintech products. This milestone reflects the trust bestowed upon us by our vast network of over 1.3 crores merchant partners. October was a great month for us- we achieved significant growth with loans facilitated on our platform.

New Delhi (India), November 27: Getting a visa for Australia and other countries can be a tedious job and many people who have a dream of going overseas for their career do not want to waste time. Going to Australia or any other country is a lifetime opportunity, and nobody wants to lose this opportunity. Many freshers who do not have any experience regarding immigration may get confused as a lot of questions may arise in their minds.

Israeli defence forces have completely destroyed Hamas's infrastructure in northern Gaza except the underground tunnels and the focus at the end of the current pause in fighting will be to clean up the southern part of the strip, Israeli Ambassador Naor Gilon said on Tuesday. In an interaction with a group of journalists, the envoy also described India's position on the Gaza crisis as «remarkable» from the day one and especially mentioned Prime Minister Narendra Modi's strong denunciation of Hamas's unprecedented terror attack on Israeli cities on October 7.

It has been less than eight months since Niranjan Gupta was elevated to the position of CEO at Hero MotoCorp, and the world’s largest motorcycle maker has already moved with super speed through its launches in the premium segment and pursuing a focused strategy to gain market share across geographies and segments. Investors have given a thumbs up to the company’s performance, with its share price on a steady northward movement. Hero MotoCorp CEO Niranjan Gupta deep dives into the strategies the company is undertaking to reinvent itself in a free-wheeling conversation with Sharmistha Mukherjee. Edited excerpts: Your share price is now at a 5-year high, gaining 50% in last 8 months. What do you attribute this to? I would not like to comment specifically on share price movement, but I can talk about what we are changing at the company. Our company has a strong legacy, with iconic brands built over the last 40 years, providing mobility to millions.

Marico have acknowledged the increasing competition from local manufacturers of products such as tea, spices and noodles, as well as from new-age direct-to-consumer brands. “The days of mass-manufactured products are over," said Pakhi Saxena, practice head, retail and consumer products, at Wazir Advisors, adding that new-age companies are catering to greater demand for specialised, niche products. “Product innovation and category creation is truly helping drive demand, especially across beauty and personal care categories," she said.

Bullish signals from U.S. stock futures flows are diminishing, with mixed flows leaving positions neutral for the Nasdaq and slightly bearish for the S&P 500, according to Citigroup strategists.

NEW DELHI : New Delhi: In the sweltering heat of July, Prabhjeet Singh, a man normally used to spending his days in a plush office, was struggling to navigate the byzantine lanes of Shiv Durga Vihar, Faridabad. The president of Uber India and South Asia wanted to experience the business end of things and had turned taxi driver for the day. Singh, now in his ninth year at Uber, goes on such fact-finding trips every month to get to grips with the ground realities his driver-partners face and the expectations their passengers have.

(Reuters) -General Motors is to scale back spending on its self-driving unit Cruise after a pedestrian accident last month, Financial Times reported on Tuesday.

PANAMA CITY (Reuters) -Canadian miner First Quantum (NASDAQ:QMCO)'s contract to operate a lucrative copper mine in Panama is unconstitutional, Panama's Supreme Court declared on Tuesday following weeks of protests against the deal.

The rally that led the S&P 500 to one of its best November gains in a century is now running out of steam, according to Citigroup Inc. strategists.

Bajaj Auto shares surged to a new historic high of ₹6,039 apiece in today's trading session, surpassing their previous high of ₹5,960 apiece. The stock began today's session at ₹5,969.80 apiece and remained flat throughout the day before gaining substantial momentum in the final hour of trade, breaching the significant ₹6,000 mark for the first time. Also Read: Bajaj Auto, Eicher Motors among 8 Nifty Auto stocks that touched new highs this year; check full list Following the company's October sales release, the stock witnessed a one-way spike.

The other top categories that topped sales were lifestyle and electronics during the recent festive shopping season. Mobile phones, adaptors, and earpods were the top-selling products in the electronics category with brands like Redmi, OnePlus and Boat taking the lead, according to the report. The report noted that 47% sales of beauty products were contributed by consumers in the 18-24 year age group. The report further flagged healthcare and nutrition as categories with greater awareness and demand, underscoring the competition among brands vying for limited space within marketplaces. Somdutta Singh, founder and chief executive at Assiduus Global Inc, said in a statement: “Embracing online shopping as the new norm, the Indian e-commerce sector is poised for remarkable expansion.” He said the surge was led by Gen Z and millennial consumers, indicating that the digitally savvy generation is dominating the online shopping space in India.

The mayor of future Olympic host city Paris says she is quitting X

A hearing has begun to help determine whether a Georgia railroad can legally condemn property to build a rail line

Dubai has a long history of finding economic success amid the war-ravaged woes of the wider Middle East

Mayors, governors and others have been forceful advocates for newly arrived migrants seeking shelter and work permits