Citi Financial News

European Central Bank raised interest rates this week and trimmed growth estimates as President Christine Lagarde signaled a shift that could mean borrowing costs have peaked. US core inflation came in a bit firmer than expected, keeping open the possibility that the Federal Reserve will hike later this year after an expected pause next week. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

Narendra Modi on his 73rd birthday. Taking to 'X', the President wrote, «Heartfelt congratulations and best wishes to Prime Minister @narendramodi on his birthday. May you pave the way for the holistic development of Bharat with your far-reaching vision and strong leadership.

Libya's eastern city of Derna has climbed to 11,300, the United Nations said in an update on Saturday, citing the Libyan Red Crescent. Another 10,100 people are still missing in the devastated city, the UN's Office for the Coordination of Humanitarian Affairs said, using Red Crescent figures. Elsewhere in eastern Libya outside Derna, the flooding took an additional 170 lives, the update said. «These figures are expected to rise as search-and-rescue crews work tirelessly to find survivors,» the UN update said. Nearly a week after Storm Daniel hit northeastern Libya, «the humanitarian situation remains particularly grim in Derna,» the update said. Severe drinking water problems have gripped the city, and at least 55 children were poisoned from drinking polluted water, it said.

360 Realtors, India’s leading institutional channel partner (ICP), has forayed into the fractional ownership space through its new company 360 FRXNL. The newly-incubated entity will offer transparent and seamless transaction facilities across multiple assets, including commercial, residential, industrial, plots, and much more. The company aims at offering institutional-quality deals with the flexibility & convenience of retail investment.

As many as 14 people, including passengers and crew, lost their lives in a devastating plane crash that occurred in Barcelos, Brazil, on Saturday. The ill-fated aircraft, a Bandeirante model, was carrying a total of 12 tourists, accompanied by the pilot and co-pilot, as confirmed by Civil Defence authorities. Heartbreakingly, there were no survivors, as affirmed by the Civil Defence.

The Aditya Birla Group, a multinational company, is listed among the Fortune 500. Headed by Kumar Mangalam Birla, the group has for over seven decades been one of the leading businesses with worldwide powerhouses in various sectors like metals, pulp and fibre, chemicals, textiles, carbon black, telecom, cement, financial services, fashion retail, and renewable energy. The company portfolio has some of the biggest brands in the world. Today, 41 countries in North and South America, Africa, Asia, and Europe account for more than 50% of the Group’s international operations’ revenues.

SYDNEY (Reuters) — Thousands rallied in Australia on Sunday to support recognising the country's Indigenous people in the constitution, a proposal that is struggling ahead of a referendum next month.

The Bandeirante model vehicle was carrying 12 tourists, along with the pilot and co-pilot. The report quoted the Civil Defence as saying that there were no survivors in the incident. The crash took place as the plane was trying to land in the city, which is located about 400 km from the state capital, Manaus, from where it had taken off, CNN Brasil reported. The crash took place around 3 pm (Brazil time), according to the report. The aeroplane possibly crashed due to bad weather, the report stated, adding that it was raining heavily at the time of landing. Further, according to CNN Brasil, the passengers in the ill-fated aircraft were going to practice recreational fishing. The Center for Research and Prevention of Aeronautical Accidents (Cenipa) confirmed in a statement that investigators from the Seventh Regional Service for Investigation and Prevention of Aeronautical Accidents (Seripa VII) were asked to report to the site of the plane crash. Seripa VII is a regional body of Cenipa. According to the Cenipa, initially, special techniques are used to collect and confirm data, preserve evidence, verify damage caused to the aircraft, or by the aircraft and gather other important information for the investigation process, CNN Brasil reported. The conclusion of the investigation will take the minimal time possible and will always depend on the complexity of each occurrence, the report stated, adding that the probe also needs to pinpoint possible contributing factors to the incident. According to the National Civil Aviation Agency (Anac), the aircraft belonged to the company named Manaus Taxi Aereo and was regularised and authorised to carry out air taxi service. Manaus Aerotáxi, a company that operated the aircraft,

Kim Jong Un inspected Russia's nuclear-capable bombers, hypersonic missiles and an advanced warship from its Pacific fleet on Saturday as he continued a trip in Russia's Far East that has sparked Western concerns about an arms alliance that could fuel President Vladimir Putin's war on Ukraine. After arriving in the city of Artyom by train, Kim traveled to an airport just outside the port city of Vladivostok where Russian Defense Minister Sergei Shoigu and other senior military officials gave him an up-close look at Russia's strategic bombers and other warplanes. All the Russian warplanes shown to Kim on Saturday were among the types that have seen active use in the war in Ukraine, including the Tu-160, Tu-95 and Tu-22 bombers that have regularly launched cruise missiles. Shoigu and Lt. Gen.

(Reuters) — An affordable housing crisis that is hurting the Canadian government's popularity will take years to resolve, even if construction hits an 80-year high, Finance Minister Chrystia Freeland said on Saturday.

By Cassandra Garrison

DUBAI (Reuters) — Iran's Revolutionary Guards on Saturday detained a dual national suspected of «trying to organise unrest and sabotage», the semi-official Tasnim news agency reported, amid heightened security to thwart planned protests a year after a young woman's death in police custody.

Karnataka cash in exchange for Bhartiya Janata Party (BJP) ticket scam case, reportedly collapsed during the interrogation, following which she was taken Victoria Hospital in Bengaluru. According to a Hindustan Times report, Kundapura collapsed during interrogation at the City Crime Branch (CCB) office in Bengaluru on Friday. The report, citing people familiar with the matter, stated that Kundapura collapsed during probe following which froth allegedly oozed out of her mouth.

By Ayman al-Warfali and Ahmed Elumami

(Reuters) -Iranian security forces briefly detained the father of Mahsa Amini on Saturday and spread across mainly Kurdish areas of the country, a year after her death in police custody set off some of the biggest protests since the fall of the Shah in 1979.

The largest consumer of virtually everything is tempering with banking liquidity for a second time this year to stimulate an economy that hasn’t moved on from the pandemic, even as the rest of the world has raced ahead.

VLADIVOSTOK, Russia (Reuters) -North Korean leader Kim Jong Un inspected Russian nuclear-capable strategic bombers, hypersonic missiles and warships on Saturday, accompanied by President Vladimir Putin's defence minister.

Wolverine star Hugh Jackman and his wife Deborra-Lee Furness have announced their separation, signaling the end of a long and enduring love story. This timeline explores their journey, from their first meeting to the recent decision to part ways.

Greece. During this destructive period, it caused extensive flooding in both cities and villages, effectively transforming the area into an inland sea. The consequences were dire, as numerous residents had to be rescued through airlifts or in lifeboats from their submerged homes.

diesel-run double-decker bus of the Brihanmumbai Electric Supply and Transport (BEST) undertaking, commuters and staffers reminisced about their journey in the iconic red vehicle that became a symbol of the city itself. «Hello, Mumbai Police? I'd like to report the theft of one of my most important childhood memories,» wrote industrialist Anand Mahindra on 'X', echoing the loss felt by many Mumbaikars. The bus started its final trip on route 415 from the Andheri railway station to SEEPZ village in the western suburbs around 11.05 pm on Friday.

light to moderate intensity rain and winds at speeds of 20-40 km/h are expected in and around several places in Delhi (Jafarpur, Kalkaji, Tughlakabad, Deramandi), NCR (Ghaziabad, Chhapraula, Noida, Dadri, Greater Noida, Faridabad, Manesar, Ballabhgarh), Narwana, Barwala, Gohana, Hansi, Meham, Sonipat, Tosham, Rohtak, Kharkhoda, Bhiwani, Charkhi Dadri, Kosali, Mahendargarh, Rewari, Narnaul, Bawal (Haryana), Pilakhua, Gulaoti, Sikandrabad, Bulandshahar, Jahangirabad, Anupshahar, Shikarpur, Khurja, Pahasu, Debai, Gabhana, Aligarh, Iglas, Hathras, Mathura (U.P.), Bhiwari, Jhunjunu, Tizara, Khairthal, Kotputli, Alwar, Viratnagar, Nagar, Deeg, Nadbai, Bharatpur (Rajasthan) during the next 2 hours," IMD said in an advisory on Saturday. At about 8:30 AM on Saturday, Delhi-NCR witnessed 0.6 mm of rainfall, and the humidity levels stood at 85%.