Citi Financial News

The former mayor of Anaheim has agreed to plead guilty to obstructing an FBI corruption investigation into the $150 million sale of Angel Stadium to the owner of the Major League Baseball team

Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said the West’s pursuit of material wealth led to “spiritual poverty.”

(Reuters) — Federal Reserve Chair Jerome Powell will deliver a talk on the economic outlook on Aug. 25 at the central bankers' confab held each year in Jackson Hole, Wyoming by the Kansas City Fed, the U.S. central bank said on Thursday.

DC Studio has taken out a decade-old character from oblivion and made its first live-action Latino super hero film. With this, it also embarked on a journey with James Gunn, the popular movie maker.

Bogota, the capital of Colombia, as confirmed by the nation's geological service. The seismic activity led individuals in offices and restaurants to quickly evacuate for safety. Shortly thereafter, an aftershock occurred, causing residents to gather on the streets while the tremors subsided. The strong earthquake was followed quickly by a strong aftershock shook Colombia's capital and other major cities Thursday. There were no immediate reports of casualties or damage. The US Geological Survey said the initial quake had a preliminary magnitude of 6.3 and the aftershock a preliminary magnitude of 5.7. The epicenters of both quakes were about 100 miles (160 kilometers) southeast of Bogota, according to USGS. People in the city of 11 million felt buildings and floors rumble in the midday quake. Alarms blared in Bogota as residents left their homes, with throngs of people gathering in the streets. The earthquake was also felt in other big cities like Medellin and Cali. Colombia's civil defense agency highlighted that evacuations were carried out across the entire municipality of Calvario, located in the southeastern region of Meta, situated to the southeast of the elevated capital. In the vicinity of Villavicencio, the same agency reported a landslide and stated that its personnel were actively assessing the situation for any additional impacts.

diamond industry is in the middle of a major upheaval. Many people have lost their jobs and some have taken their lives. Mint looks at the issue that is plaguing India’s diamond city and the reasons behind this crisis.

Rajasthan News: In a viral video a woman was seen being dragged on a car bonnet in Rajasthan's Hanumangarh, following which the city police said a case has been registered. The news was shared by Live Hindustan, which said that the woman was dragged on the bonnet for around 500 metres. The report also said that further investigation is underway.

MUMBAI : The Indian diamond trade, which produces nine out of 10 of the world’s polished diamonds and employs over 4 million, could face collateral damage from the Russian war. The Group of Seven (G7) nations, an informal bloc of advanced democracies led by the US, is threatening to halt the imports of certain grades of polished diamonds from India that use rough diamonds indirectly sourced from Russia.

₹200," the executive, who declined to be named, said. That concierge service was the earliest version of Dunzo Digital Pvt. Ltd, now a popular quick commerce company, that almost became a unicorn, or a company with a valuation of over a billion dollars, last year.

As players in the competitive U.S. wealth management space look to outflank rivals, Edward Jones is adding the most traditional of financial services to its offering.

Minneapolis City Council members narrowly passed a measure on Thursday that would establish a minimum wage for drivers of Uber, Lyft and other ride-share companies in the city. The mayor can still veto the measure. Many of the drivers are African immigrants who have been pushing for higher wages at the state and city levels for several months.

Reserve Bank of India on Thursday approved for the appointment of P R Seshadri as Managing Director & CEO of South Indian Bank for a period of three years with effect from October 1, 2023. He has significant experiences in enterprise level management and in the management of all key commercial banking business lines and he has substantial experience in successfully managing investors, boards and regulatory relationships in multiple geographies, said the company's notification to Bombay Stock Exchange.

Samsonite has grown close to 40 per cent in the first half of 2023 and it aims to touch Rs 3,600 crore sales by December, a top company official has said. Samsonite, having 35 per cent share in the Rs 15,000-crore domestic organised luggage market, leads the premium segment with its various products labelled with the original name as well as under the brand of American Tourister.

(Reuters) — The Electric Reliability Council Of Texas (ERCOT) urged consumers to voluntarily conserve power between 3:00 p.m. and 8:00 p.m. CT on Thursday with demand expected to surge amid a heat wave.

covid pandemic, however, stoked the need to make more of one’s life than merely fulfilling the demands of a day job and explore inner callings for a change. And this shift has been noticed by the employers. “The entry conversation of CXOs and high performers is no longer just about how strong their career paths will be at the company, but how a role in the firm would allow them to lead a fuller life by enjoying benefits like a sabbatical or a hobby or a long paternity leave," in the words of Sadasivan.

Disaster Management Authority (DDMA) has submitted the heat action plan to the Centre last month regarding the preparedness, information-sharing, and response coordination to reduce the health impacts of extreme heat on vulnerable populations, PTI reported. The pilot project proposes to alter school timings, suspend non-essential water use, provide uninterrupted power supply to health facilities and survey vulnerable locations daily to mitigate the impact of extreme heat on susceptible populations in peak summers. The DDMA also plans to paint roofs in identified areas with white colour to help keep the indoors cooler.

Manchester City started favourites to retain Premier League but Newcastle United, Manchester United, Chelsea, Arsenal and Liverpool are likely to pose tough competition to Pep Guardiola's side. Now former Tottenham Hotspur goalkeeper and US soccer star Brad Friedel has offered his insights on the potential top-four finishers in the upcoming Premier League season. Friedel has asserted that while Manchester City, the reigning Premier League champions, are likely to secure the second position, Arsenal will secure the fourth spot. In his analysis, Friedel has predicted that Liverpool will clinch the title this season, while Chelsea is poised to secure the third place. When questioned about his perspective on the Premier League title race for the ongoing season, Friedel told Ladbrokes although Manchester City is considered the favorite, his inclination leans towards Liverpool. Friedel was of the opinion that they would strengthen their position and present a formidable challenge. The task of smoothly transitioning from a treble-winning season to competing on all fronts without succumbing to mental fatigue is undoubtedly challenging. Teams such as Manchester United and Newcastle are in the running, but Friedel predicted Arsenal to secure the fourth position, narrowly surpassing Manchester United. Friedel played 84 soccer games for the US, and took part in three FIFA World Cup tournaments.

University Grants Commission (UGC) has drafted guidelines for granting equivalence and for recognition of degrees obtained from foreign universities, restricting degrees obtained through distance and online mode as well as through any franchise agreement. The commission has also drafted norms for recognising qualifications obtained from schools affiliated to foreign boards as well as from offshore campuses of a foreign higher educational institution.

Citi analysts maintained a Neutral rating and $20 per share price target on Kohl’s (NYSE:KSS) Thursday, stating they expect the company to miss second-quarter EPS estimates.

Northwest Territories has compelled authorities to issue urgent evacuation orders and declare a state of emergency, with particular concern mounting for the capital city of Yellowknife.

Provident Housing Limited, a wholly-owned subsidiary of the Puravankara Group, plans to invest over Rs 3800 crore to develop a 5.8 mn sq ft residential project over the next four years, with a focus on sustainable living as it embarks on the next phase of growth. The firm will launch its first project Provident Ecopolitan with an investment of over Rs 450 crore, located in Aerospace Park in North Bengaluru. The proposed project has 956 apartments in 1, 2 and 3 BHK configurations ranging from 625 sq.