Citi Financial News

JD fell as much as 13% to a record low on Friday after several banks and brokers cut price targets and revenue growth forecasts for the firm, citing a weaker-than-expected recovery in consumer spending. The brokerages and banks including Citi, Daiwa and Jefferies, which issued notes to clients on Thursday and Friday with the revised estimates.

Vladimir Putin on Friday said an Israeli ground operation in Gaza would result in a level of civilian casualties that would be «absolutely unacceptable». Putin was speaking after Israel's military called for all civilians of Gaza City, more than 1 million people, to relocate south within 24 hours, as it amassed tanks ahead of an expected ground invasion in response to a devastating weekend attack by the militant group Hamas. Putin said that using heavy weaponry in residential areas was «fraught with serious consequences for all sides». «And most importantly, the civilian casualties will be absolutely unacceptable.

International Criminal Court has jurisdiction over potential war crimes carried out by Hamas militants in Israel and Israelis in the Gaza Strip, even though Israel is not a member state, the ICC's top prosecutor told Reuters on Thursday. The occupied Palestinian territories including the Gaza Strip fall under the jurisdiction of the ICC, meaning the court has the authority to prosecute Hamas, the Palestinian militant group that rules Gaza. «If there is evidence that Palestinians, whether they're Hamas or Al Quds Brigades or the armed wing of Hamas or any other person or any other national of any other state party, has committed crimes. Yes, we have jurisdiction wherever they're committed, including on the territory of Israel,» ICC prosecutor Karim Khan said in an interview. In his first comments since Hamas launched brutal attacks on Israel on Saturday and Israel responded with devastating bombings of the Gaza Strip, he said the images are «heartbreaking».

Chinese e-commerce giant JD.com fell as much as 13% to a record low on Friday after several banks and brokers cut price targets and revenue growth forecasts for the firm, citing a weaker-than-expected recovery in consumer spending. The brokerages and banks including Citi, Daiwa and Jefferies, which issued notes to clients on Thursday and Friday with the revised estimates. JD.com, which is listed in Hong Kong and the United States, is expected to report quarterly financial data in mid-November following China's main online shopping festival, Singles' Day. Shares in JD.com, which is also China's largest home appliance retailer, closed at their lowest level since their June 2020 debut. A debt crisis in the key property sector has contributed to slowing China's economic growth after the pandemic, while many Chinese have cut back on spending due to concerns over the economy and job security, hurting the retail sector. In March, JD.com warned it would take time to rebuild consumer confidence post-pandemic as it missed fourth-quarter revenue forecasts. Citi Research lowered its revenue assumption for JD.com by 3.4% and 4.3% for the third and fourth quarter, saying that it now estimates 0.8% and 1.3% growth respectively. The bank's analysts cited a «relatively muted consumption trend, high base, intense competition, and on-going impact from restructuring adjustment» for the change in estimates. Nomura said JD.com had yet to see any meaningful improvement in retail since the third quarter, adding that the company had also missed on any positives from the stimulus policies China has rolled out since September to rescue the property market. JD.com said it had no comment on the analyst revisions and its share price

BEIJING — Self-driving air taxis are one step closer to reality in China.

₹2.8 lakh crore. Sustained infrastructure investments shall help the capital goods, industrials, and infrastructure sectors to continue performing in the coming months. Auto and auto ancillary sectors shall also continue to see selective traction as a few sub-segments in the industry are performing extremely well and with the upcoming festive season, the momentum is expected to continue.

Israel-Hamas war news: At least 13 Israelis and foreign hostages were killed in the airstrikes by Israel Defence Forces (IDF) on the Gaza Strip as per the militant arms Hamas. The hostages were part of around 150 Israeli and foreign nationals who were taken hostage by Hamas after their brutal assault on Israel on Saturday. Ezzedine al-Qassam Brigades, the military wing of Hamas released a statement informing about the death of 13 hostages in the airstrikes by Israel Defence Forces (IDF).

SUV while walking on a road within her Sector 78 society. The driver of the vehicle was allegedly talking on the phone at the time of the accident. Krishna Narang sustained severe head injuries and later passed away at a hospital.

statement on its website. Ahead of the match, Ahmedabad police have also issued a notification designating the city a “no-drone zone", Times of India report stated. There was no opening ceremony held for the ICC Cricket World Cup which is being hosted in India, however, a pre match event has been planned by the BCCI ahead of the India vs Pakistan match.

Shri Tulsidas Ramlila Committee. This iconic Ramlila, an annual fixture since 1964, had its last performance on October 17, 2021. The pandemic had compelled the cancellation of this beloved event as it kept people confined indoors and cities under lockdown.

Marvel's Spider-Man 2”, the sequel to the wildly popular first game from developer Insomniac Games. It takes the action to a new level with not one but two Spider-Men, promising an enthralling adventure through the bustling streets of New York City. Here's everything you need to know about Marvel's Spider-Man 2. The heart of this adventure lies in the collaboration between Peter Parker and Miles Morales, both carrying the mantle of Spider-Man. Together, they must confront a formidable foe, Kraven The Hunter, who's set his sights on the city and is targeting «worthy» victims. This thrilling narrative also delves into the consequences of Peter Parker's mysterious symbiote suit, which offers incredible abilities at a great cost to the iconic hero. Adding another layer of excitement is the introduction of the iconic comic villain, Venom.

Solar Eclipse will be visible across most American cities for the first time since 2012. This Eclipse is called a ‘Ring of Fire’ because it appears in a distinctive shape of the Sun which is caused by the Moon partially blocking it. When the Moon moves between the Sun and the Earth, and conceals the Sun partially, a dazzling ring becomes visible in the sky.

Also Read: Delhi's air quality on upswing, likely to enter 'poor' category soon The AQI scale ranges from 'good' between zero and 50, 'satisfactory' from 51 to 100, 'moderate' between 101 and 200, 'poor' from 201 to 300, 'very poor' within 301 to 400, and 'severe' from 401 to 500. Meanwhile, earlier on Thursday, Delhi experienced a maximum temperature of 34.7 degrees Celsius, slightly surpassing the seasonal average, as reported by the India Meteorological Department (IMD).

Merry Little Batman', an animated feature based on characters from DC Comics, will make its debut on Prime Video on December 8. The streaming service shared the release date and the first poster of the Mike Roth-directed film on microblogging site X on Wednesday evening.

Gaza's biggest hospital overflowed Thursday as bodies came in faster than relatives could claim them on the sixth day of Israel's heavy aerial bombardment on the territory of 2.3 million people. With scores of Palestinians killed each day in the Israeli onslaught after an unprecedented Hamas attack, medics in the besieged enclave said they have run out of places to put remains pulled from the latest strikes or recovered from the ruins of demolished buildings. The morgue at Gaza City's Shifa hospital can only handle some 30 bodies at a time, and workers had to stack corpses three high outside the walk-in cooler and put dozens more, side by side, in the parking lot.

Israel left Thursday evening from the Ben Gurion airport carrying 211 adults and an infant living in the war-battered region. The passengers were chosen on a «first come first serve» basis after a drive launched by the Indian embassy for all Indians to register at the mission's database. The government is bearing the cost of their return.

A call for demonstrations across the Muslim world Friday in support of Palestinians is causing security worries among Jewish organizations in Canada.

Forecasts are being cut as Canada’s economy groans under the weight of higher-for-longer interest rates.

An official says a ban on gasoline and diesel-fueled cars from a commercial district of Stockholm’s downtown in 2025 will be the first for a European capital

The Danish wind energy company Orsted has put up a $100 million guarantee that it will build New Jersey’s first offshore wind farm

The timing of Fletcher Building’s 5-year fixed bond deal is up in the air as the company deals with the fallout from plumbing failures and a faulty pipe product in Western Australia.