Citi Financial News

Hamas attack targeting Israel and the retaliation that followed, but others blamed Israel itself and some celebrated the surprise assault. The early morning Hamas offensive by air, land and sea was met by Israeli air strikes on the blockaded coastal enclave, in the bloodiest escalation since May 2021. «We are at war,» Israeli Prime Minister Benjamin Netanyahu said, promising that «the enemy will pay an unprecedented price». Here is a roundup of reactions from the region: — Egypt - The foreign ministry appealed to «both the Palestinian and Israeli sides to exercise the utmost restraint», warning of the «dire danger of ongoing escalation». Cairo has historically been a key mediator in conflicts between the two sides. Foreign Minister Sameh Shoukry made a series of calls to regional and international leaders, including his Jordanian, UAE, Turkish, German and French counterparts, and to European Union foreign policy chief Josep Borrell. A foreign ministry statement said Shoukry sought to rally «international actors» to «intervene immediately». — Jordan - Foreign Minister Ayman Safadi warned of the «volatility» of the situation, «particularly in light of what cities and areas of the West Bank are witnessing of Israeli attacks and violations against the Palestinian people». The Hamas assault follows months of surging violence in the Israeli-Palestinian conflict, with fatalities in the occupied West Bank reaching a scale not seen in years. Jordan and Egypt were the first two countries in the region to agree peace deals with Israel. — UAE - The United Arab Emirates called for «an immediate ceasefire» and «exercising the utmost restraint,» state news agency WAM reported. «The UAE has expressed its sincere

illegal immigrants living here in Pakistan's biggest city are spending their days and nights in fear following the government's announcement that some 1.7 illegal Afghan refugees will be sent back to their country by the end of this month. For most of the Afghan men, women and children living in the Hijra Colony and Afghan Basti nestled on the northern outskirts of Karachi, life has become hell since the government announcement as, according to them, the police have started a witch-hunt against them.

Melvin Ellsworth wants more than anything to have a safe, affordable place to live.

Identifying India as its priority market, British coffee chain brand, Costa Coffee’s global CEO Philippe Schaillee on Friday said that it will add 50 more speciality coffee stores in the country. The company, which is now owned by beverages major Coca-Cola, recently opened its 150th store in the country.

Ahmedabad, where New Zealand emerged victorious, defeating the reigning champions, England, by nine wickets. However, the event was marred by an unexpected problem – the condition of the spectator seats. The colossal Narendra Modi Stadium, with a capacity of 1.33 lakh, is set to host the tournament's final match.

CYRENE, Libya — The flooding that killed thousands in Libya's Derna last month damaged the ruins at the ancient Greek city of Cyrene in the mountains nearby, but it also revealed new archaeological remains thereby washing away earth and stones. Storm Daniel may have caused a meter of rain to fall on the hills of eastern Libya, an unprecedented amount since records began in the mid-19th century scientists say, and water was still flowing through the site when Reuters visited last week.

serious escalations of conflict between Palestine and Israel, hundreds of Hamas militants infiltrated the Israeli cities in SUVs, motorcycles and paragliders and shot at civilians. At least two Israelis were killed, Israel public broadcaster Kan reported. Medical officials said there were dozens of wounded.

rockets were fired at Israel from the blockaded Gaza Strip at dawn on Saturday as militants from the Palestinian enclave infiltrated Israel, with at least one person killed, the army and medics said. Rockets streamed across the sky repeatedly after the first launches from multiple locations across the Palestinian territory from 06:30 am (0330 GMT), AFP journalists in Gaza City reported. The outbreak of conflict follows months of surging violence in the Israeli-Palestinian conflict, with fatalities in the occupied West Bank hitting a scale not seen in years. Air raid sirens wailed across Israel's south and central areas, with the Israeli army urging the public to stay near bomb shelters. AFP journalists in Jerusalem heard multiple rockets being intercepted, with sirens blaring across the city on more occasions than in any Gaza conflict in the past three years. The armed wing of the Palestinian Islamist group Hamas said it was behind the aerial assault, claiming its militants had launched more than 5,000 rockets. «We decided to put an end to all the crimes of the occupation (Israel), their time for rampaging without being held accountable is over,» the Ezzedine al-Qassam Brigades said. «We announce Operation Al-Aqsa Flood and we fired, in the first strike of 20 minutes, more than 5,000 rockets.» Israel's military said Hamas launched «massive shooting of rockets», while at the same time «terrorists infiltrated into Israeli territory in a number of different locations.» Hamas «will face the consequences and responsibility for these events», an army statement said. A woman in her 60s was killed «due to a direct hit» in Israel, the Magen David Adom emergency services said. Fifteen others were wounded, two of them

Luxembourg, renowned as the wealthiest European Union member per capita, finds itself grappling with a dire housing crisis, thrusting it into the spotlight as the nation's 660,000 residents prepare for the upcoming elections. Pascale Zaourou, a dedicated teacher and mother of three, sheds light on the hurdles of securing affordable housing, stating, «On the private market, renting a two-bedroom apartment costs a minimum of 2,000 euros, posing significant challenges for single-income households.» She underscores the acute scarcity of affordable housing, particularly impacting young individuals and single-parent families. Antoine Paccoud, a researcher at the Housing Observatory, substantiates these concerns by revealing that «an increasing number of Luxembourgers are seeking refuge across borders in countries like Germany, Belgium, or France, drawn by more reasonable rent and property prices.» Despite its robust financial services-driven economy, Luxembourg grapples with a stark contrast in housing affordability. The average net earnings for a single worker in Luxembourg in 2022 reached a staggering 47,000 euros, ranking as the highest within the EU. In the capital city, newly constructed apartments command prices of 13,000 euros per square meter, while older units fetch approximately 10,700 euros.

Also Read: Delhi's air quality on upswing, likely to enter 'poor' category soon The air quality in the city reached the "poor" category on Friday for the first time in 114 days. This hadn't occurred since June 14 when the AQI was recorded at 213. Experts have cautioned that the situation is expected to worsen as winter approaches and the burning of paddy in agricultural states like Punjab and Haryana increases.

first Hindu campsite in Texas, which will hold heritage youth camps every summer. Similar to schools and colleges providing academic education, the Hindu Heritage Youth camps provide a life-moulding education, a media release said Friday. Subhash Gupta and Sarojini Gupta, who made the mega donation, said they are passionate about the camp because it inculcates critical values and skills in the next generation.

(This story originally appeared in on Oct 06, 2023)

Russian President Vladimir Putin is preparing the country’s economy for a long war in Ukraine. Military spending and war-related expenditures have already fueled much of Russia’s economic growth this year, helping the country weather the impact of Western sanctions. Next year, the government plans to increase military spending even more.

Delhi Traffic Police has conducted a survey to identify 117 key points in the city where heavy traffic congestion occurs. As per a TOI report, these congestion points are mainly caused by high traffic volume, ongoing construction activities, or encroachments. The survey, led by SS Yadav, special commissioner of police (Traffic), aims to understand the limitations and road engineering aspects that contribute to the congestion.

In a note to clients Friday, Citi analysts discussed the recent Google Pixel 8 launch event and the potential impact on Apple (NASDAQ:AAPL) iPhone and how the company may react.

It’s the right time to buy global equities after a pullback that brought them to the brink of a correction, according to Citigroup Inc. strategists.

IMD) officials have stated that there is a low possibility of rain on October 14, the day of the India-Pakistan match in the World Cup, which will take place in Ahmedabad. Manorama Mohanty, the head of IMD Gujarat, mentioned that the current forecast suggests a minimal chance of rainfall as there is no significant weather system present. Mohanty further added that even if there is rainfall, it would be limited to a local area and widespread showers are unlikely.

ICC World Cup 2023: India is set to play its first World Cup match against Australia on Sunday, but more than a billion cricket fans are waiting for the epic clash between India and Pakistan on 14 October at Narendra Modi Stadium, Ahmedabad. Indian Meteorological Department (IMD) on Friday also gave its green signal to the India vs Pakistan clash as it predicted clear skies for the day. IMD Gujarat has clarified that even if light or moderate rain occurs, it will be restricted to limited areas and may not hamper the match.

FIR filed under anti-terror law UAPA following allegations against news portal NewsClick, has alleged that a large amount of funds came from China in order to disrupt India's sovereignty and cause disaffection against the country. The Delhi Police served a copy of the FIR to the portal on Friday, a day after a city court directed it to do so.

urbanisation, infrastructure development and housing affordability is expected to push growth of real estate development across key tier II cities including Bhubaneswar, Coimbatore, Indore, Jaipur, Kochi, Lucknow, Nagpur, Surat, Thiruvananthapuram, and Visakhapatnam. A joint study conducted by Cushman & Wakefield and the Confederation of Real Estate Developers' Associations of India (CREDAI), has identified 17 cities across India based on healthy traction in overall real estate development, organised retail penetration, and mature residential market development. Of these cities, the cities mentioned above have been identified as the 10 emerging cities that hold the highest potential for growth in the foreseeable future. The cities have been selected based on indicators pertaining to population, infrastructure, talent pool, income, and ease of living, among several factors. While Delhi NCR, Mumbai, Bengaluru, Pune, Hyderabad, Chennai, Kolkata, and Ahmedabad continue to be the key 8 real estate markets, the study anticipates that these 10 tier-II are soon going to add more power to the India-growth-story. “As India continues its remarkable journey of economic growth and witnesses a higher rate of urbanization, we anticipate newer cities to fuel the future growth of the commercial real estate market.

(Reuters) — Citigroup (NYSE:C) on Friday upgraded its recommendation on Japanese stocks to «neutral» as the country's economy and earnings look resilient, but downgraded British equities to «underweight» due to high exposure to fluctuations in oil prices.