Citi Financial News

New York City’s pension funds and the state of Oregon are suing Fox Corporation over Fox News' 2020 election coverage

A record of more than one in five young Chinese are out of work, their career ambitions derailed by a depressed job market as the economy struggles to regain momentum after its long bout with COVID-19

Indonesian President Joko Widodo has taken a test ride on Southeast Asia’s first high-speed railway, a key project under China’s Belt and Road infrastructure initiative

By Matt Tracy

BERLIN (Reuters) -Volkswagen is looking at reducing staff at its plant in the eastern German city of Zwickau due to low demand for electric cars, the dpa news agency reported on Wednesday. .

Sarbananda Sonowal is representing India at the Eastern Economic Forum which is being held at the Russian port city of Vladivostok aiming to push Eastern Maritime Corridor between the two countries. The Shipping Minister will also be speaking at the session on Eastern Maritime Corridor, while also meeting senior ministers of Russian Federation on possibilities to further strengthen the bilateral relation between the two countries, including exploring possibilities of the Northern Sea Route and establishing a Trans Shipment Hub in the Bay of Bengal. The Corridor is aimed at reducing cargo transit times between our nations. The journey from Indian ports to the Russian Far East takes just 24 days, compared to 30 days through the port of Novorossiysk.

UFOs and aliens have been a subject of study and research for years and now Mexico government has allowed scientists led by journalist and ufologist Jaime Maussan to unveil alleged alien bodies or corpses in the country's Congress in Mexico City. These were small «non-human» bodies and believed to be discovered in Cusco, Peru. Scientists believe that these are millennium-old mummified specimens.

Three quarters of family offices are shifting their primary focus towards wealth and investment management according to a new global survey from Citi Private Bank’s Global Family Office Group.

Kempegowda International airport in Bengaluru which started operating international flights on Tuesday, is a 'terminal in the garden', reminding one of Singapore's Changi airport with its extravagant display of trees, plants and waterfalls. If the Bengaluru airport's Terminal-2 doesn't compete with Changi, it sure does take a 'leaf' out of it. The terminal fuses the ethnic with the futuristic and the aesthetic with the efficient amid a lush green design. The new 255,000 square metre terminal is designed and built on four key pillars and reflects Bengaluru's rich culture, history, its nature as the garden city and technology hub of India. Spread over four levels, the terminal is built for seamless departures and easy arrivals that are facilitated on different floors. The scale of T2 and the insightful design makes it a destination in itself.

Food waste is not only damaging to your pocket, it's also bad for the environment too. Globally, 1.3 billion tonnes of food are wasted every year, generating about 8% of the world's greenhouse gas emissions. These emissions arise from unused food at all stages of the food supply chain, from production to decomposition. However, our recent study revealed that those who grow their own food in gardens and allotments waste an average of just 3.4kg of fruits and vegetables — 95% less than the UK average. These households adopted various practices to minimise food waste, including preserving or giving away their excess produce. There has been renewed interest in growing fresh produce in gardens, community gardens and allotments in the UK and elsewhere in recent years. But the available supply of allotments is not enough to meet increasing demand. Allocating more land for household fruit and vegetable production could make a significant contribution to the availability of fresh produce for urban residents.Research has shown that using a mere 10% of the available space in the English city of Sheffield for food cultivation could supply enough fruit and vegetables to meet the needs of 15% of the city's population. And more people growing their own food could also reduce waste.

Davis Cup 2023 Finals Group matches are currently underway, spanning from September 12 to September 17, with the next stage scheduled between November 21 and November 26. This six-day event showcases 16 national teams competing in four European cities, all vying for the opportunity to secure one of the eight coveted spots in the Davis Cup Finals this November. The 16 nations participating in the Finals Group Stage this week have been divided into four groups, each consisting of four teams. These competitive matchups will be held in Bologna, Italy; Manchester, England; Split, Croatia; and Valencia, Spain.

IPO) to Rs 730 crore ($88 million) from Rs 1,000 crore an updated prospectus showed. The IPO comprises a fresh issue of shares worth Rs 6.03 billion and Rs 1.27 billion worth of shares being offered by the company's existing shareholder International Finance Corporation, a World Bank Group member, according to the prospectus dated September 12. «A high-interest rate environment to tackle inflation poses a major challenge to both homebuyers and developers...believe these are among the reasons Signature Global would have reduced offer size,» said Prashanth Tapse, senior vice president of research at Mehta Equities. The company develops residential, commercial and retail projects mainly in the northern cities, including Gurugram, Karnal and Ghaziabad. Its consolidated loss after tax narrowed to Rs 638.6 million for the financial year ended March 31 from Rs 1.16 billion a year earlier. Revenue from operations surged more than 72% to Rs 15.54 billion. The offering comes at a time when benchmark index Nifty 50 scaled record highs, aided by the inflow of funds from foreign and domestic investors. Signature joins companies like Mankind Pharma and Aeroflex Industries, which recently made stellar debuts on improved domestic appetite for new listings. ICICI Securities, Axis Capital and Kotak Mahindra Capital were book-running lead managers for Signature Global's IPO. The bidding date for anchor investors is set for Sept.

In recent years, the investment flow into the real estate’s alternative asset class has highlighted Data centers and co-living as the favored choices for global institutional investors. According to Colliers India’s latest report, alternative assets in India received cumulative investments of about USD2.0Bn during the last 4-5 years (2019-H1 2023), led by foreign investors. Foreign investments accounted for 78% of the total investments in the segment, as investors continued to seek newer markets and newer avenues segments to diversify their asset portfolio while enhancing risk adjusted returns.

Technological advancement has paved the way for a future where the most imperative skill is the ability to have multiple skills. As competition grows, industries grow and so do their requirements. To keep up with matching demands, companies are fast employing machines to mass produce products that would otherwise be manually assembled, and the white goods manufacturing industry is no different. The labour force working in this industry in fact needs to reskill and upskill a lot faster as the demand for white goods soars. India is currently a hub of manufacturing for several goods and to keep up with this growing demand, there is a need to upscale.

Homebuyers should always do a background check on the property they are buying to ensure it is not built upon an encroached or unauthorised piece of land or a previous lakebed/water body. Background checks can also help the homebuyer in ascertaining that the property will not face any legal trouble in future (know more about property background checks here).

KEC International Ltd, a global infrastructure EPC major, on Wednesday announced that it has secured a prestigious turnkey order of Rs 1,145 crore in its Transmission & Distribution (T&D) business. The order includes design, supply and installation of 380 kV Overhead Transmission Line in the Kingdom of Saudi Arabia (KSA). This has taken the total order intake by the company to more than Rs 7,500 crore.

Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.

Shifting to a new city could be a challenging task if you fail to plan beforehand. Besides looking at other things, one of the critical things that comes to your mind while moving out of your home is your expenses in a new city. You will need money for housing, food, transport and other regular things of your requirements.

Americans have been on a shopping spree for properties in Scotland.

By Jing Bian, Xie Yu and Carolina Mandl

His appointment follows the announcement in August that Waystone’s acquisition of Link Fund Solutions was still on schedule to close later this year.