Citi Financial News
09.09 / 13:59
Citi
Digital
Microsoft
Waters
Aware
Google
Racing
Artificial intelligence technology behind ChatGPT was built in Iowa, with a lot of water
artificial intelligence product like ChatGPT can be hard to measure. But one thing Microsoft-backed OpenAI needed for its technology was plenty of water, pulled from the watershed of the Raccoon and Des Moines rivers in central Iowa to cool a powerful supercomputer as it helped teach its AI systems how to mimic human writing.
09.09 / 12:39
Citi
performer
country
PM Modi likely to inaugurate Ayodhya Ram Temple on THIS date in January: Report
Narendra Modi between 21-24 January, 2024. Citing senior seers of the Shri Ram Janmabhoomi Teerth Kshetra Trust, media reports have said that the inauguration will definitely happen in the third week of January, 2024. A Live Hindustan report citing Swami Govind Giri, said that an auspicious ‘muhurat’ will be determined between 21-23 January, and PM Modi will be informed of the same.
09.09 / 12:19
Citi
Progressive
voice
G20 Summit contributed to making India world-ready and the world India-ready, says MEA Minister Jaishankar
India's External Affairs Minister S Jaishankar while addressing a press briefing on the G20 Summit outcomes said that India's presidency has contributed to making 'India world-ready and the world India-ready.' The G20 Leaders’s Summit Declaration that the leaders have agreed on focuses on promoting strong, sustainable, balanced and inclusive growth, seeks to accelerate progress on SDGs, envisages a green development pact for a sustainable future and endorses high-level principles on lifestyle for sustainable development, Jaishankar said on Saturday. Along with other initiatives, African Union's inclusion in G20 was among India's key priorities in the G20 summit under its presidency. While commenting on inclusion of African Union, he added that this happened under India's presidency to prioritise urgent concerns of the Global South. «You would recall that at the beginning of our presidency, at Prime Minister Narendra Modi's initiative, 125 nations were consulted to express voice of the Global South,» he said.
09.09 / 12:19
Citi
Digital
track
Finance Minister Sitharman says G20 agreed on bigger, better, more effective MDBs
G20 Summit being held in New Delhi on Saturday, India's Finance Minister Nirmala Sitharaman announced that the intergovernmental forum had reached a consensus on strengthening multilateral development banks (MDBs) to make them «bigger, better and more effective.» «India's G20 presidency has crafted solutions that resonate with each member offering shared path forward for all,» Sitharaman said at a press conference shortly after the G20 adopted the New Delhi Declaration. Explaining the resolutions under the finance track, Sitharaman highlighted four major achievements that include an agreement to boost WB's financing capacity, and to form an independent panel of capital adequacy framework (CAF) for MDBs. The Finance Minister added that there would be an additional $200 billion headroom for lending in the next decade, post the implementation of CAF. «We endorse the G20 Roadmap for Implementing the Recommendations of the G20 Independent Review of MDBs Capital Adequacy Frameworks (CAFs) and call for its ambitious implementation, within MDBs’ own governance frameworks while safeguarding their long-term financial sustainability, robust credit ratings and preferred creditor status,» the New Delhi Declaration reads. During the press confernce, Sitharaman also talked of cryptocurrency, pointing out that India's presidency is brining a consensus on the matter. «A global consensus on regulating cryptos is emerging under India's presidency,» Sitharaman said, adding, «we have embedded in G20 agenda financial inclusion and productivity gains through digital public infrastructure.» Addressing the conference alongside Sitharaman was External Affaits Minister S Jaishankar, who said that the G20 has contributed to making «India
09.09 / 11:43
09.09 / 10:43
Citi
show
country
G20 Summit: German chancellor Olaf Scholz sports eye patch; here is why
Olaf Scholz arrived at the G20 summit in the national capital wearing an eye patch. The latest look of the German chancellor was due to an injury that he had sustained while jogging last week in Potsdam. This morning, Prime Minister Narendra Modi warmly welcomed Scholz at the Bharat Mandapam venue ahead of the G20 Summit and also inquired about the reason behind the German Chancellor's eyepatch. Scholz had a few days ago posted a picture of himself on X which showed the patch along with and captioned it, «Am excited to see the memes.» «Thanks for the well wishes, it looks worse than it is! The 65-year-old German leader said in the post. The two-day G20 Leaders Summit is being hosted by India at the newly inaugurated Bharat Mandapam Convention Centre in Pragati Maidan, the national capital. This marks the first time that India is presiding over the G20 Summit, an organization formed in 1999 with the objective of ensuring global financial stability by including middle-income countries. India assumed the G20 presidency on December 1 last year and about 200 meetings related to G20 were organized in 60 cities across the country.
09.09 / 10:43
UPS
Citi
Dash
Cooper
country
voice
Consensus on New Delhi G20 Leaders' Summit Declaration reached: PM Modi
Modi on Saturday announced that consensus has been achieved on New Delhi G20 Leaders' Summit Declaration on the the first day of the G20 Summit in New Delhi. «Due to the hard work of our teams and the cooperation of all of you, the New Delhi G20 Leaders' Summit Declaration has gained consensus. It's my proposal that we should adopt this Leaders' Declaration.
09.09 / 10:35
COST
UPS
Citi
Provident
Booking
Birmingham city council declared bankruptcy. UK's second-largest city's situation explained
Birmingham's city council on 5 September, declared itself bankrupt, putting a pause on all spending except essential ones. The Birmingham city council issued a 114 notice last Tuesday, thereby joining a string of local authorities, which include Woking, Croydon, and Thurrock, that have announced it did not have the resources to balance its books, the United Kingdom that is now living “hand to mouth". So far the Conservative party Prime Minister Rishi Sunak-led government has refused to come to the Birmingham City Council's rescue.
09.09 / 09:49
Citi
Provident
Man
Luna
performer
country
beautiful
Inspired by Chandrayaan-3, Bengal man buys land on moon as birthday gift for wife
Chandrayaan-3 mission, a man from Bengal has made an extraordinary gesture by purchasing a piece of land on the Moon as a birthday gift for his wife. The story behind this celestial gift is as heartwarming as it is unique. The idea was born from Mahato and his wife's shared admiration for the Moon's beauty.
09.09 / 09:49
Citi
Provident
Citizens
country
Inside
Sunak
Time
Time of challenges, world looking to G20 to provide leadership: UK PM Rishi Sunak
Rishi Sunak on Saturday said that the world is looking to G20 to provide leadership and that the leaders are meeting at a time of enormous challenges. Sunak, who is taking part in G20 Summit in New Delhi, expressed confidence that the leaders will be together able to address the challenges. «15 years ago, #G20 leaders came together for the first time to restore global growth after the financial crisis. We meet at a time of enormous challenges — the world is looking to the G20 once again to provide leadership.
09.09 / 09:05
Citi
Remark
love
show
India ready to offer all possible assistance to earthquake-hit Morocco: PM Modi
Narendra Modi on Saturday expressed grief at the loss of lives in an earthquake in Morocco and said India is ready to offer all possible assistance to it in this difficult time. A powerful earthquake that struck Morocco late Friday killed more than 600 people. Modi began his opening remarks at the G20 summit by offering condolences to those affected by the tragedy.
09.09 / 07:57
Citi
Citizens
Progressive
Waters
country
Inside
inclusion
India's G20 presidency has become symbol of inclusion inside, outside country: PM Modi
G20 Presidency has become a symbol of inclusion both inside and outside the country, Prime Minister Narendra Modi said on Saturday that it has become «People's G20» in India and crores of citizens are connected with it. In his opening statement at G20 Summit being hosted under India's presidency, PM Modi spoke of global challenges and said 'Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas' can be the torch bearer to address these. The plaque in front of PM Modi at the G20 Summit said «Bharat». «India's G20 presidency has become a symbol of inclusion, of 'sabka saath' both inside and outside the country. This has become People's G20 in India.
09.09 / 07:23
Citi
Waters
Remark
show
country
'Need to adopt human-centric approach': PM Modi kicks off G20 with emphasis on global issues
Narendra Modi on Saturday commenced the two-day G20 Summit being held at the Bharat Mandapam in New Delhi. In his opening remarks, he called for a human-centric approach to address the global challenges. He emphasised the significance of the 21st century in finding new solutions to old challenges. PM Modi said that there is a need to adopt a human-centric approach to address global challenges and overcome trust deficits caused by the Russia-Ukraine conflicts. «The 21st century is an important time to show the world a new direction. This is the time when old problems are seeking new solutions from us and that is why we should move ahead fulfilling our responsibilities with a human-centric approach,» said the PM. He asserted that the war in Ukraine has resulted in a trust deficit at the global level and called on all the G20 summit leaders to work together.Also Read: This time for Africa! G20 agrees to make the African Union a permanent member
09.09 / 07:23
COST
UPS
Citi
Provident
Waters
Aware
Align
Bengaluru eateries to offer paper napkins only on demand
solid waste crisis in Bengaluru, the city's hotel industry has taken a significant step towards sustainability. The Bruhat Bengaluru Hotels Association (BBHA), comprising approximately 40,000 member-establishments, has called upon its affiliates, including hotels, darshinis, caterers, and flight catering services, to minimize the use of paper napkins and offer them to customers only upon request. Currently, an astonishing 10 tonnes of paper napkins are consumed daily by BBHA's member establishments, a figure that underscores the urgency of the issue.
09.09 / 06:55
COST
UPS
Citi
Fallout
country
social
The extraordinary reasons why parts of Britain are going bust
Hilton hotel and the Chagos Islands have in common? They all feature on a long and increasingly bizarre list of stories behind the financial crisis sweeping Britain’s local authorities. While there’s been a steady dribble of so-called Section 114 notices from councils declaring effective bankruptcy in recent years, Birmingham City Council’s filing this week caused the most alarm. For Europe’s largest local authority, a legal battle over equal pay is proving a huge drain on resources. Its leaders conceded on Tuesday it faces “unprecedented financial challenges” with all new spending, except on core services, stopped in a bid to right the ship. Britain’s second city faces a bill as high as £760 million ($948 million) after a Supreme Court ruling from 2012 backed a group of largely female employees who missed out on bonuses that were given to staff in traditionally male-dominated roles at the council.
09.09 / 05:27
Citi
Porsche
love
country
beautiful
song
G20 Summit: 'Delhi at its prettiest' Ashneer Grover takes late evening Porsche drive around the city. Netizens react
A post shared by Ashneer Grover (@ashneer.grover) Users and fans commented on his post with some praising the beauty of Delhi while others criticizing the treatment of animals. with one user wrote, “Porsche batana jaroori tha?" while another user wrote, “They have killed so many stray dogs in attempt to keep the city clean for G20" One user wrote, “Better late than never , it's our duty to maintain that beauty." Another wrote, “The song suggests Sir is getting a feeling of Dubai while roaming outside the House in Delhi" One also said, “3 din mazze lelo Delhi k ... Baad mein sab jante hai humara vikaas" Some other wrote, “Views will stay same in Porsche or Maruti" Another wrote, “Please no.
09.09 / 05:21
Citi
FIVE
Boeing
show
UK inflation expectations rise in August -Citi
Inflation expectations in five to 10 years' time marginally rose to 3.3% from 3.2% in July, the survey by U.S. bank Citi and polling firm YouGov showed. Public expectations for inflation in 12 months' time increased to 4.4% from 4.3%. The BoE is widely expected to raise interest rates for the 15th time in a row on Sept.
09.09 / 05:21
UPS
Citi
performer
country
song
events
G20 Summit kicks off in Delhi: List of events lined up for the world leaders
G20 Leader's Summit commenced on September 9, 2023, in New Delhi. Leaders from across the world gathered at the Bharat Mandapam International Exhibition and Convention Centre. The leaders were given a warm welcome by Prime Minister Narendra Modi on Saturday. The theme of India's G20 presidency is 'Vasudhaiva Kutumbakam' meaning 'One Earth, One Family, One Future.' The global meeting, a culmination of various ministries, meetings and the engagement of different groups that happened throughout the year, aims to address key issues around the globe. Here is the list of events lined up for the world leaders across two days:Day 1 (September 9, 2023)
09.09 / 04:17
UPS
Citi
Extreme
Fighting
show
country
The Gulf’s boundless ambition to change the world
our Briefing explains, these shifts begin a new chapter in the Middle East marked by fresh opportunities and new dangers. The region’s leaders are testing ideas that have caught on in much of the world, including embracing autocratic pragmatism as a substitute for democracy, and multipolar diplomacy instead of the post-1945 American-led order. The Middle East is also a place where threats that will menace the world in the 2030s may play out early, including nuclear proliferation, extreme weather and even greater inequality, as weak countries fall further behind.
09.09 / 04:07
Citi
love
show
country
Morocco Earthquake news LIVE: PM Modi 'pained' by deaths in Morocco, says 'India ready to offer all possible assistance'
Morocco Earthquake LIVE news: A powerful earthquake that struck Morocco late Friday night killed at least 296 people, the country's Interior Ministry said. Moroccans posted videos showing buildings reduced to rubble and dust and parts of the famous red walls that surround the old city in historic Marrakech, a UNESCO World Heritage site, damaged.
09.09 / 03:05
Citi
Citizens
show
Morocco earthquake kills at least 296, causes widespread damage and panic
Morocco earthquake news: A powerful earthquake that struck Morocco late Friday night killed at least 296 people, the country’s Interior Ministry said as reported by Associated Press. Citizens posted videos showing buildings reduced to rubble and dust and parts of the famous red walls that surround the old city in historic Marrakech, a UNESCO World Heritage site, damaged. Apart from them, tourists in the city also posted videos of people screaming and evacuating restaurants.
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