Citi Financial News

Penguin Random House because of concerns that competition would shrink the book market. An executive for KKR is calling the deal a chance to work with «one of the most effective» book publishers. The private equity giant will buy Simon & Schuster for $1.62 billion in cash, said Paramount Global, the parent company of the storied publishing house.

A new $400 million freight hub on the outskirts of Melbourne backed by Aware Super aims to steal market share as superannuation funds try to capitalise on billions of dollars of government spending on rail networks.

GIC and Abu Dhabi Investment Authority (ADIA) along with two Canada-based pension funds are in talks to acquire Blackstone Group's 50% stake in two separate commercial portfolios of Panchshil Realty and Salarpuria Sattva Group, said persons with direct knowledge of the development. The deal is estimated to be concluded at an enterprise valuation of over $4.5-$5.0 billion.

Asteroid City," which has been written and directed by Wes Anderson, will be available for streaming on Peacock exclusively from Friday, August 11. The movie follows other recent hits like The Super Mario Bros. Movie and Renfield on the platform. It arrives on Peacock a month after its digital release through premium video-on-demand services.

Adani Energy Solutions (AESL), the transmission and distribution business arm of the Adani Group, said it has achieved financial closure for its $1 billion (about ₹8,268 crore) green high voltage direct current (HVDC) link project, which will increase renewable energy supply to Mumbai. The credit facility is part of the $700 million revolving project finance facility tied up in October 2021 for the company's under-construction transmission assets portfolio.

Nile Delta to floodgates that protect Venice, projects to keep the sea from swallowing the land are multiplying. Some scientists are beginning to consider ideas once dismissed as crackpot, such as damming the Strait of Gibraltar to keep sea levels in check. Much of the Mediterranean region has been in the grip of a fearsome heat wave in recent weeks, raising mortality rates and putting pressure on overstretched healthcare systems, with the elderly especially at risk.

₹80,000 every month on her dialysis and other costs. “Until last year, her treatment was based on medication. But, one day, she collapsed and had to be hospitalized, Now, she needs dialysis thrice a week.

Imran Khan's conviction on graft charges has led to a stark and unexpected contrast from his once-glamorous lifestyle. Khan, known for his charismatic persona both on the cricket field and in politics, finds himself detained in a remote and overcrowded prison, highlighting a significant fall from grace. Khan's legal team and political party have raised concerns about the conditions of his detention. After his conviction, Khan was designated for incarceration at Rawalpindi's Adiala jail, but he was subsequently transferred to District Jail Attock, a facility located approximately 80 kilometers (50 miles) west of Islamabad. The move has sparked debate over the appropriateness of his placement in a prison primarily housing hardened criminals, lacking the amenities typically afforded to political prisoners.

Zoom Video Communications Inc., once hailed as the emblem of the remote work era, is charting a new course by summoning its workforce back to the office. The company has revealed that employees living near a Zoom location will be required to be on-site for two days every week. This "hybrid approach," according to a company spokesperson, aims to bolster innovation and customer support while capitalizing on the firm's own technologies. Zoom's meteoric rise during the pandemic marked a significant shift in how industries communicated virtually. Nevertheless, as the world emerges from pandemic-related restrictions, diverse enterprises, including Amazon.com Inc., Chipotle Mexican Grill Inc., and BlackRock Inc., have been recalibrating their work arrangements to include more on-site presence for employees. However, despite this shift, numerous office spaces continue to experience low occupancy rates. For instance, offices in the Northeast region of the United States were at peak capacity only 24% of the time during the first half of the year, as per data from Basking.io, an analytics company focused on workplace occupancy. Simultaneously, job listings for remote positions have witnessed an upward trend in multiple cities.

By Carolina Pulice

A freight train has derailed in upstate New York, disrupting Amtrak service and prompting authorities to close roads in the area

North Dakota's oil industry is turning to Ukrainians to fill jobs amid a workforce shortage

Two people have been fatally shot on a fifth day of violent protests in the South African city of Cape Town sparked by a dispute last week between minibus taxi drivers and authorities

A record number of cruise passengers are expected this year in Alaska's capital, drawn by wonders such as the long-retreating Mendenhall Glacier

Four new wind farms are being proposed off the New Jersey coast

Turkmenistan’s flagship carrier, Turkmenistan Airlines, has announced it will extend its suspension of flights to Moscow until the end of October, citing safety concerns after an increase in drone attacks on the Russian capital

An Associated Press reporter recalls the first time he took a ride in a car without sitting in the driver’s seat

Federal health officials have approved the first pill to specifically treat depression after childbirth

Rajinikanth starrer 'Jailer' on August 10. While Fans are eagerly waiting for it, Dhanush, a big Rajinikanth fan himself, couldn't contain his excitement for the film on Monday. Taking to his official Twitter handle, the 40-year-old actor wrote, «It’s JAILER week,» along with some emojis. The tweet gained a lot of attention along with several thousand likes and retweets on the micro-blogging platform. Dhanush has been a long-time fan of Rajinikanth. In November 2004, he married the superstar's daughter Aishwarya. However, after 18 years of marriage, the couple divorced for reasons undisclosed by them.

Capgemini Technology Services India, the local unit of the European technology major, has renewed its lease for more than 300,000 square feet of commercial office space in Kokapet, Hyderabad, spanning across two assets. The property was leased from GAR & Sons builders. The office space has a lease tenure of 60 months across two separate deals with 15% escalation, as mentioned in a lease document shared by Propstack.

unemployment rate reached a historic low of 6.8% in the first quarter of 2023, down from 7.2% in the previous quarter, according to latest data released by the MoSPI. The figures from the Periodic Labour Force Survey (PLFS) indicate that the rate of unemployment in Indian cities is the lowest since the survey’s initiation in 2018-19.