Citi Financial News

Diverting Mississippi River water to states struggling with water scarcity isn't a new idea

The mining of minerals critical to electric vehicle batteries and other green technologies in Congo has led to human rights abuses, including forced evictions and physical assault

Police arrested six protesters Tuesday who tried to disrupt the start of land-based testing for New Jersey’s first offshore wind farm

Christian Dior SE has leased nearly 3,320 sq ft retail space from Reliance Industries in its Jio World Plaza in Mumbai’s business district Bandra-Kurla Complex (BKC) for a term of 9.5 years The global brand already operates stores in key Indian cities including Mumbai, Delhi, and Bengaluru. Interestingly, Louis Vuitton that controls the brand Christian Dior also recently leased space at Jio World Plaza to set up its biggest store in India. The company has leased the space through its subsidiary Christian Dior Trading India at monthly rentals of Rs 21.56 lakh, or Rs 650 per sq ft based on minimum monthly guaranteed sum or net revenue share, whichever is higher, showed the documents accessed through FloorTap.com. The licensee Christian Dior Trading India will have a lock-in period of 36 months and the lease will be operational until May 2032. ET’s email query to Reliance Industries and Christian Dior Trading India remained unanswered. The agreement includes a clause to escalate rentals by 7.5% from 19th month till 42nd month and thereafter 15% every 36 months. Christian Dior Trading India has also paid a security deposit worth over Rs 1.39 crores and this will also witness an escalation of 15% every 36 months. Several global luxury brands have set their sights on the burgeoning Indian market and are either forming alliances or entering directly to get a bigger slice of it. India, being the fastest growing economy in the world, is expected to witness significant growth in the number of millionaires in the next few years.

By David Shepardson

By Prerana Bhat

Out here in the far reaches of the American empire, it’s always gratifying and more than a little thrilling when people in the imperial capital take notice of us. Last week, the New York Times’ Ross Douthat wrote about wokeness in the Anglosphere and though he started with how James Bond has gone woke in the latest Bond novel (“On His Majesty’s Secret Service,” written not by Ian Fleming, who died in 1964, but by one Charlie Higson), the subject of woke Canada entered soon enough.

₹4.5 crore -- in posh Sector 30 of Noida on Sunday, while his wife Renu Sinha (61) objected to it.Sinha allegedly strangled his wife to death around 9.30 am after the heated argument. Such fights had become frequent between them. The wife suffered from cancer and had a fragile health condition while their son worked and lived in the US, officials said.

TORONTO—The Canadian government is considering capping the number of international students it allows into the country as it scrambles to address a growing housing shortage. The move would mark a shift by Canadian Prime Minister Justin Trudeau, who has made boosting immigration central to his economic agenda.

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China’s sluggish economy is driving cash-strapped local governments to seek unconventional sources of revenue. Their law enforcers have emerged as some of their biggest earners.

G20 Summit concluded with a successful adoption of declaration after bringing all the G20 leaders into common ground. Apart from the diplomatic success, the whole summit served as a platform to highlight India's rich culture and heritage. G20 summit's main aim was to introduce the global leaders with India's rich culture and heritage.

Steve Clark was first tapped to be Ontario’s Minister of Municipal Affairs and Housing in 2018, his directions from Premier Doug Ford were clear: his ministry was not to touch Ontario’s Greenbelt and instead Clark was explicitly instructed to protect the 2-million acres of land around the Greater Toronto Area.Four years later, amid a housing shortage crisis, the Ford government tore up that pledge, throwing itself into a scandal that forced Clark and his chief of staff to resign.Global News obtained the 2018 mandate letters which contain the specific instructions given to the Ontario cabinet ministers by Premier Doug Ford after his inaugural election.For five years, the Ford government has fought to keep these letters private, asserting that they related to internal cabinet deliberations and should be kept confidential.Global News can exclusively reveal, for the first time, the contents of the letters in a new series, ‘Mandated.’Premier Doug Ford’s election in 2018 marked a sea change moment in Ontario politics.The Liberal government, which had been in power for 15 years, was brought to a crippling end, ushering in a people-centric government that was determined to not lose sight of ethics and accountability.In the build-up to the 2018 provincial election, Ford was forced to alter his campaign after touching what could be considered one of the third rails of Ontario politics: the Greenbelt.In February of that year, Ford was recorded on video promising his government would “open up a big chunk” of the Greenbelt for affordable housing developments.“I’ve already talked to some of the biggest developers in this country,” Ford said of his conversation with builders.

CALGARY — Alberta Investment Management Corp. (AIMCo) is opening its first Asian office, but the Edmonton-based fund manager says it will steer well clear of China to focus instead on markets with less geopolitical risk.

Lieutenant Colonel posted in Dehradun has been arrested by the city police for his alleged involvement in the murder of a 25-year-old woman from Siliguri. The accused, identified as Lt Col Ramendu Upadhyay, is facing grave charges of smashing the victim's head with a hammer and leaving her lifeless body next to a road in Dehradun. This incident has sent shockwaves through the city. According to a TOI report, Lt Col Upadhyay initially met the young woman while stationed in West Bengal, where she was employed at a dance bar.

Dubai apartment values surged by the most in nearly a decade in August, broadening a property rally that’s transformed the city into one of the world’s hottest housing markets. The city’s housing boom, so far largely driven by larger single-family homes, is now pushing up prices for apartments that make up about 85% of the housing supply in the Middle East’s business and tourism hub. Prices for apartments rose 20% on average in the year through August, marking the best performance since November 2014, according to real estate adviser CBRE Group Inc. The gains outpaced price increases of 17.3% for single family homes, known locally as villas, according to CBRE. Dubai’s real estate rebound comes after a seven year slump, fueled by an influx of newcomers — from crypto millionaires and bankers relocating from Asia to wealthy Russians seeking to shield assets. The government has also brought in a slew of reforms, relaxing visa laws and introducing visas for job seekers and freelancers. While prices for single-family homes soared from pandemic lows, the recovery for apartments had so far been slower. Average prices for apartments are still 9.6% below their peak in 2014, while those for larger houses are 8.7% higher, according to CBRE.

DevX will be setting up Deakin University’s India campus in GIFT City, making it the first instance of an international university to set up a campus in the country. The company has partnered with Nila Infrastructure for the construction, while DevX itself will conceptualize, design, build and deliver the state-of-the-art futuristic 25,000 sq ft university campus. “We at DevX are proud to create the Deakin University India campus project in GIFT City.

A judge ordered a high-stakes family feud over the finances of US Senator Dianne Feinstein, the powerful 90-year-old California Democrat, to be moved out of court for private negotiations.

Mark Rutte made an unexpected visit to the bustling streets of Bengaluru, India, where he embraced the local culture and engaged with its citizens. As per a TOI report, he was spotted strolling on Monday along the Church Street. Rutte's purpose for being in Bengaluru was crystal clear. He stated, «I came here for a big trade mission because this is the place to do business.

India Resurgence Fund (IndiaRF), an India-focused investment platform promoted by Piramal Enterprises and Bain Capital, on Tuesday announced an investment of Rs 525 crores in Punjab-based hospital Ivy Health and Life Sciences (Ivy). Following the transaction, IndiaRF has become the majority shareholder of Ivy. The deal marks IndiaRF’s maiden investment in the healthcare sector and the first of its kind in the regional hospitals segment in North India.

As the U.S. races to build offshore wind power projects that will transform coastlines from Maine to South Carolina, much remains unknown about how the facilities could affect the environment