Citi Financial News

Florida officials are warning drivers of “potentially widespread fuel contamination” impacting gas stations across the state's west coast as residents brace for Tropical Storm Idalia’s expected landfall later this week

Terry Gou, the founder of Apple supplier Foxconn, plans to run as an independent in Taiwan's presidential election next year, ending months of speculation

Amazon has been quietly raising the amount some customers must spend on its site to get free shipping

China will no longer require a negative COVID-19 test result for incoming travelers, a milestone in its reopening to the rest of the world after an isolation that began with the country's borders closing in 2020

Financial advisors aren’t always trained to address their clients’ emotional reactions about finances, while therapists aren’t necessarily equipped to discuss the impact of finances on a person’s well-being. Financial psychology acknowledges the inextricable link between the two.

retail business will be the fastest growing segment for Reliance Industries in the days to come, chairman Mukesh Ambani said on Monday. Reliance has invested $10 billion for the expansion of the retail business in the past two years. Addressing shareholders in the company's 46th annual general meeting held virtually, Ambani said as «India grows from a $2,500 per-capita economy to a $10,000 per-capita economy, Reliance Retail will be our fastest-growing business in revenues and Ebitda.» Ebitda is earnings before interest, taxes, depreciation and amortisation, or the operating profit. Based on the latest investment by sovereign wealth fund Qatar Investment Authority in Reliance Retail, the valuation of the business has touched ₹8.28 lakh crore.

NEW DELHI : Swedish furniture retailer Ikea is set to commence e-commerce operations in the national capital region (NCR) ahead of opening two large shopping centres over the next two years. E-commerce operations will begin by the end of 2024, said Susanne Pulverer, chief executive and chief sustainability officer at Ikea India. The Swedish company is now entering the next phase of growth in the country, marking its presence across major metros and scaling up local sourcing.

student suicides to a record 23 in coaching hub Kota, has set off alarm bells in poll-bound Rajasthan bringing all coaching centre-level tests to a halt for two months. The growing number of suicides at this north Indian coaching hub, which draws over two lakh students annually to help them prepare for the Joint Entrance Exam (JEE) and the National Eligibility Cum Entrance Test (NEET) for admissions to top engineering and medicine colleges, is a reflection of the immense stress that students have to undergo to make it to the top institutes, which are far fewer than desired.

Globetrotters are always on the search for good, cheap accommodation. And that is good news for people offering homestays via platforms like Airbnb. The Airbnb story, though, is not new in India.

4B Networks founder Rahul Yadav, who was booked by the Mumbai Police in a cheating case, has filed an anticipatory bail application (ABA) before a sessions court on Monday. The city police’s Economic Offences Wing (EOW) probing the matter opposed the ABA, contending that Yadav failed to join the investigation on at least two occasions. An intervention application was filed by the complainant.

(Reuters) — Florida was preparing on Monday for the arrival of a major hurricane expected to make landfall early on Wednesday somewhere along the state's Big Bend country, where the panhandle meets the peninsula.

covid pandemic, at a time when prompt data was hard to come by. The results of the survey’s 10th round, which took place in June, have been published in Mint over the last two weeks, starting 15 August (bit.ly/3YH0IoF). The latest round, which covered 10,072 respondents, sought to understand the views of urban Indians on the country’s newfound status as the world’s most populous nation.

₹5070 crore) bid, DLF was among other bidders. SecLink doesn't bid. The Maharashtra government in 2023 awards the Dharavi project to Adani Group.

Pompano Beach witnessed a harrowing incident as a Broward Sheriff's Office Fire Rescue helicopter crashed on Monday morning, resulting in the hospitalization of two individuals. The crash occurred around 8:45 a.m. in the vicinity of North Dixie Highway and Atlantic Boulevard, southwest of the Pompano Beach Airpark.

Ikea expects its Hyderabad store, the first in the country to achieve operational breakeven soon, the company said on Monday without providing the revenue details. Hyderabad store which was opened in 2018 has witnessed a footfall of three million during the last 12 months period against 2.90 million a year before. However, the figures are not comparable as last year and period before that witnessed a lot of movement restrictions due to COVID-19 pandemic. Speaking to media, Ikea India CEO Susanne Pulverer said the firm is exploring different formats of stores in terms of size, to penetrate the market and get closer to people where they live.

NCP leader Chhagan Bhujbal, once a confidant of Sharad Pawar, has alleged the NCP chief made him resign as Maharashtra deputy chief minister based on mere allegations about the «Telgi scam» in 2003 though he had ordered the arrest of the fake stamp paper racket's kingpin. Addressing a rally in Beed on Sunday, Bhujbal, now a member of the Ajit Pawar camp of NCP, also said nobody sought senior Pawar's resignation in the 1990s when allegations were levelled against him by some people, including G R Khairnar, then deputy municipal commissioner of Bombay (now Mumbai) civic body. Sharad Pawar was the chief minister of Maharashtra from March 1993 to March 1995- his third stint- when Khairnar, known as «demolition man» for taking action on illegal encroachments in Mumbai, had raised certain allegations. «On December 23, 2003, you (Pawar) took my resignation as deputy chief minister in the Telgi scam.

By Howard Schneider

By Brendan O'Brien and Rich McKay

electric scooters that have become ubiquitous in Paris and other cities worldwide will be banned in the French capital on September 1. It is the biggest metropolis to remove the app-based devices that first zoomed onto streets in 2018, but many other cities have taken action on the vehicles that can inspire love or loathing. While users hail them as eco-friendly ways to avoid gridlock, detractors consider them as an unsightly menace with the power to maim and kill. Here is a look at the state of play in other cities worldwide:Paris: the pioneer The French capital was an early adopter of e-scooters in 2018, when the pavements were soon strewn with discarded rental devices from the first operator, Lime. After an uproar over the anarchy and a number of fatal accidents, the city clamped down, reducing the number of operators to three (Dott, Lime and Tier) and the number of scooters to 15,000. For privately owned scooters, the minimum age for riders is 12 (the government wants to raise that to 14), but the Paris rental operators said last November they would step up enforcement of a minimum age of 18 — after city officials warned their licenses were in jeopardy. They also must be parked in designated spots and riders are not allowed to go over 10 kilometres per hour in most parts of Paris — but many do anyway. In April, residents voted in a referendum to ban rental scooters, a move that will not impact privately owned devices.Barcelona and Montreal: outright bans A few cities before Paris have taken the same drastic measures with an outright ban. Barcelona outlawed rental scooters on public roads in 2018.

New Delhi: Industry body Retailers Association of India (RAI) on Monday said restrictions imposed on retail stores, malls, and restaurants during the upcoming G20 Summit, which is set to take place in Delhi from 08 September to 10th September, could hinder business in the capital. “While RAI commends the Delhi government’s decision to declare a three-day public holiday in the capital, they strongly advise revisiting the comprehensive shutdown of retail operations. Pledging complete adherence to any Standard Operating Procedures (SOPs) provided, RAI suggests a more measured approach to closures, potentially focusing on peak times or specific areas close to G20 venues like Lutyens Delhi," the association said in a note released Monday.

New Delhi: Shell India on Monday announced the appointment of Mansi Madan Tripathy as the new country chair of the company, effective 1 October, the company said in a statement. Tripathy will succeed Nitin Prasad who has been the country chair since 2016, it added.