Citi Financial News

By Samuel Indyk

hazardous air quality. «The government has decided to close down markets for four days from 9 to 12 November in the major cities of Punjab because of smog on the advisory of the health department,» said Amir Mir, the information minister for Punjab, home to more than 110 million people.

Retirement planning comprises two phases. The first phase is of accumulation, which is the phase when one is creating the corpus from which one can then dip into for the second phase which is income generation for life after retirement. Planning for both phases is important for effective retirement planning.

The email from PwC Australia’s leadership team inviting staff to a “firmwide webcast” arrived just before 9am. By the time it was finished a few hours later, so were more than 300 jobs at the once market-leading big four firm, along with the flagship tech hub it opened barely two years ago.

(Reuters) — Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation's biggest private property developer, sources said.

Azharuddin, Congress party's candidate from Jubilee Hills Assembly segment in the city, on Wednesday said he is not worried about AIMIM putting up a candidate there and exuded confidence that people of the constituency are with him. According to political analysts, the AIMIM candidate may split the Congress vote share in the constituency. For the first time, the Asaduddin Owaisi-led All India Majlis-e-Ittehadul Muslimeen (AIMIM) which claims to be a «friendly party» of the ruling BRS, has fielded Mohammad Rashed Farazuddin from Jubilee Hills making it a keenly watched segment.

England vs Netherlands Live Score Updates: ENG vs NED, Buttler and Co. take on a resurgent Netherlands side at the Maharashtra Cricket Association stadium in Pune.

Reuters. Over 10,300 Palestinians have died in Gaza after a month of nonstop shelling following the Hamas offensive, with two-thirds of them being women and children, according to the Health Ministry of the Hamas-run region. It is estimated that around 2,300 people are buried as a result of strikes that destroyed whole city blocks.

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high levels of particulate matter (PM) 2.5 pollution, another pollutant, nitrogen dioxide (NO2), is on the rise in Delhi, according to data from the Central Pollution Control Board (CPCB). NO2, primarily stemming from vehicle emissions, indicates a persistent air quality issue in Delhi attributed to vehicular pollution.

Aramco maintained its dividend to the Saudi government despite a drop in production and weaker oil prices as the kingdom tackles a widening budget deficit. The total payout of $29.4 billion to the state and other investors, including a special component, held at the previous quarter’s level even as lower output helped push net income 23% down year-on-year to $32.6 billion in the third quarter. The world’s biggest crude oil exporter provides much of the Saudi government’s income via generous dividends.

South Korean police have swooped on a group of suspected “international” crypto fraudsters, freezing over $12 million and arresting 49.

The Albanese government should not cut back hard on infrastructure projects as part of its review of the project pipeline, with road and rail projects still needed to deal with strong population growth up to 2050, major lobby groups say.

Royal Bank of Canada report.The RBC analysis of the October resale market argues higher interest rates have the fall housing market “stuck in a low gear.”Inventories are still growing, but not at the pace seen for the past few months in Toronto, Vancouver and the Fraser Valley. Buyers are still finding they have more options to choose from, leading to a “rebalancing of market conditions.”Those buyers who are able to qualify for a mortgage amid higher interest rates have been able to extract lower prices in some Ontario, Quebec and British Columbian markets, according to the report from RBC’s Robert Hogue and Rachel Battaglia.Toronto, Montreal, Vancouver and the Fraser Valley all saw price declines month-to-month in October.Toronto’s October was the quietest in nearly 25 years, the report said, with buyers taking the “upper hand” in negotiations.

Hub International Limited, the Chicago-based insurance brokerage and financial services firm, has purchased the assets of Renaissance Benefit Advisors Group, a retirement plan consulting firm that focuses on helping plan sponsors meet their fiduciary responsibilities, the company announced Monday.

Uber chief executive Dara Khosrowshahi has declared pay laws will not hold the gig economy giant back. It can even cope with European markets where drivers are employees, Mr Khosrowshahi told investors on an earnings call overnight.

Netflix's much-anticipated sci-fi epic, 'Rebel Moon — Part One: A Child of Fire,' is set for a streaming release, marking a significant moment for filmmaker Zack Snyder and fans. However, it has now been revealed that this space-faring adventure will also grace the big screen in a special format. The streaming giant has decided to treat fans to a short theatrical run of 70mm screenings in select locations. 'Rebel Moon' will captivate audiences in four cities during a one-week limited engagement, just before its Netflix debut.

Berlin: German authorities are eyeing closer collaboration with Indian startups in mobility, health, energy and advanced materials among other fields, said a German government official, after regulatory and political troubles with China led to a shift in focus toward India. China’s harsh covid-era restrictions also proved an obstacle to German firms, said the official. The city of Berlin, a leading hub for German startups, is particularly interested in building collaborations with Indian startups.

Israel said on Tuesday its forces were pushing deep into Gaza City, where residents said tanks were positioned on the outskirts for a potential storming of Gaza's urban heartland. «For the first time in decades, IDF is fighting in the heart of Gaza City. At the heart of terrorism,» Major General Yaron Finkelman, commanding officer of the Southern Command of the Israeli Defence Forces, told reporters near the Gaza border. «Every day and every hour the forces are killing militants, exposing tunnels and destroying weapons and continuing onward to enemy centres.» Israel previously said it had surrounded Gaza City, home to around a third of the Gaza Strip's 2.3 million people, and would soon attack it to annihilate Hamas fighters who assaulted Israeli towns across the border one month ago. There was no indication on the ground that Israeli forces had thrust en masse further into the city, but a spokesperson for the military, Richard Hecht, suggested that the encircling troops could be making raids inside. Asked whether such raids had taken place, he said: «I'm not going to talk about how we are operationally acting from within our encirclement around Gaza City.

City gas companies will have to shift their focus away from profit margins to sales volume to accelerate the CNG vehicle adoption and overall consumption of natural gas in the country, said Kamal Kishore Chatiwal, managing director, Indraprastha Gas (IGL). In an interview to ET, he said the government should evaluate subsidising piped natural gas (PNG) supplies for poor households to preserve its competitiveness with LPG, which is attracting expanding subsidies in different states ahead of upcoming polls. «There is a scope for city gas distributors to reduce CNG prices and focus on volumes for faster penetration of gas in the country,» said Chatiwal. CNG prices should not be as high as they are in some areas, he said, adding that in some licensed areas CNG prices are close to diesel prices. «There are two advantages associated with CNG — environmental and economic. Until the economic benefit is realised by the people, they won't convert to CNG,» said Chatiwal. About 15-17,000 vehicles convert to CNG every month in the areas IGL operates in.

While the smaller towns and cities are seeing thriving demand for manpower with many companies ramping up their presence to meet rising consumer demand, job creation remains muted in the metros as companies tread cautiously amid macroeconomic and geopolitical headwinds, according to staffing companies such as Teamlease Services, Xpheno and Foundit.