Citi Financial News

Alexei Navalny on charges of extremism and sentenced him to 19 years in prison Friday. Navalny is already serving a nine-year term on a variety of charges that he says were politically motivated. The new charges related to the activities of Navalny's anti-corruption foundation and statements by his top associates. It was his fifth criminal conviction and the third and longest prison term handed to him, all of which his supporters see as a deliberate Kremlin strategy to silence its most ardent opponent. It wasn't immediately clear whether he would serve this new term concurrently with his current sentence on charges of fraud and contempt of court. The prosecution had demanded a 20-year prison sentence, and the politician himself said beforehand that he expected to receive a lengthy term. Navalny was also sentenced in 2021 to two and a half years in prison for a parole violation. The extremism trial took place behind closed doors in the penal colony east of Moscow where he is imprisoned. Navalny appeared in the courtroom Friday afternoon, wearing prison garb and looking gaunt, but with a defiant smile on his face. As the judge read out the verdict, the politician stood alongside his lawyers and his co-defendant with his arms crossed, listening with a serious expression on his face.

Citi analysts upgraded shares of Intercontinental Exchange (NYSE:ICE) to Buy from Neutral in a note Friday, raising the price target on the stock to $130 from $117 per share.

Nirmala Sitharaman announced an excise duty cut on petrol and diesel. The prices have remained stagnant despite a decline in international crude price over the past one year. The decision of state-run OMCs not to cut oil prices, however, has drawn criticism for the government from the opposition as inflation has been on the rise.

Petroleum and Natural Gas Regulatory Board (PNGRB) has collaborated with the World Bank to prepare a roadmap for hydrogen blending in natural gas and their transmission through gas pipelines in the country, the regulator said in a statement. “The (PNGRB-World Bank) study comprises of mapping demand and supply of hydrogen, technical assessment of the existing pipeline network for its compatibility, commercial assessment of pipeline sector, identifying bottlenecks in policy and regulatory framework, and framing of roadmap till 2040 for expeditious implementation of hydrogen blending in India,” the regulator said.

Covid pandemic. Nationwide, just 52,000 people arrived to mainland China from overseas on trips organized by travel agencies during the first quarter, the latest period for which national data is available, compared with 3.7 million in the first quarter of 2019. As in past years, nearly half of the visitors came from the self-ruled island of Taiwan and the Chinese territories of Hong Kong and Macau, rather than farther-away places like the U.S.

Investing.com — Apple (NASDAQ:AAPL) reported fiscal third-quarter results that topped estimates as strength in its services business helped offset iPhone sales that fell short of estimates.

The attack on Novorossiysk is the first time a commercial Russian port has been targeted in the 18-month war. The city is a major port on the Black Sea and hosts a naval base, shipbuilding yards and an oil terminal. It is a key port for Russian exports.

Donald Trump appeared before the court and pleaded not guilty to criminal charges related to his alleged involvement in attempting to overturn his 2020 election defeat. The arraignment took place in a federal court, where he was released on his own cognizance, as this marked his third arrest within the last four months, with cases filed against him in New York City and Florida.Indian-American Judge Moxila Upadhyaya Oversees the Arraignment The arraignment was presided over by Magistrate Moxila A. Upadhyaya, an Indian-American judge born in Gujarat.

China were threatening cities downstream on Friday, prompting the evacuation of thousands, although the country appears to have averted the worst effects of the typhoon season battering parts of east Asia. Hebei province surrounding the capital Beijing on three sides issued alerts for several of its cities. The province of Heilongjiang to the north, was evacuating entire villages in anticipation of life-threatening deluges.

families while they wait for initial screenings after crossing the border, signaling they are comfortable with early results of what is intended as an alternative to detention. The curfews began in May in four cities and, on Friday, grow to 13 locations, U.S. Immigration and Customs Enforcement officials told advocates.

India mobile average revenue per user (ARPU) reported by Bharti Airtel for the fiscal first quarter has been aided by better subscriber mix with more postpaid customers added in the quarter, and the full impact of the entry level tariff interventions taken by the telco from November 2022 to March 2023, analysts said. Airtel’s ARPU for the quarter at Rs 200 beat street estimates of Rs 197, indicating that its premiumisation strategy is being executed effectively, they added. “Bharti’s 1Q performance is yet another indicator of its strong execution backed by an effective premiumisation strategy and cost control, that is yielding results in the form of market share gains, robust FCF (free cash flow) generation, and B/S (balance sheet) deleveraging, notwithstanding high ongoing capex,” analysts from Citi said.

NFL great Tom Brady has become a minority owner of English second-tier soccer team Birmingham and wants to bring a winning mentality to an underperforming club

Airbnb forecast third-quarter revenue above market estimates on Thursday, but industry fears of softening U.S. domestic demand sent the vacation rental firm's shares down 1.2% in after-hours trading. The San Francisco-based company forecast quarterly revenue between $3.3 billion and $3.4 billion, ahead of analysts' average estimate of $3.22 billion, according to Refinitiv data.

Alberta withdrew its support for a bid centred around Calgary/Edmonton to host the 2030 Commonwealth Games on Thursday, ending any chance of bringing the multi-sport showcase event back to Canada for its centennial. The decision was another blow for the embattled Commonwealth Games Federation (CGF) after Hamilton, Ontario, which hosted the inaugural Games in 1930, suspended its bid and Australian state Victoria last month withdrew as host of the 2026 Games due to projected cost overruns.

New Delhi will participate in a peace conference aimed at the war in Ukraine hosted by Saudi Arabia this month, confirmed MEA Spokesperson Arindam Bagchi. “India will participate in this event. Our participation is in consonance with our long-standing position that dialogue and diplomacy is the way forward," he said at a press briefing.

Miles Kane has announced a new tour, scheduled to take place from January 25 to February 9, 2024, across various venues in the UK. The tour will be in support of Miles Kane's highly anticipated studio album, titled «One Man Band”. Miles Kane shared this exciting announcement of his upcoming tour on his official Instagram page on July 28, 2023. He is preparing to release his fifth studio album, „One Man Band,“ on August 4, 2023. To support the new project, he has announced a tour across the UK. Joining him on the tour will be The Roystoneclub, an emerging band on their first headliner tour, promoting their debut studio album, „Shaking Hips and Crashing Cars.“

After almost a year on the auction block, Sydney’s largest privately owned coach charter company has been sold to electric bus outfit TrueGreen.

By Brendan O'Boyle

₹3-5 lakh per person in some of the premium groups. “MICE travel has now become a year-round activity," Meera Charnalia, executive vice president and head of the category for the business told Mint.

Saudi Arabia says it will extend its unilateral production cut of 1 million barrels of oil a day through the end of September in its effort to boost flagging energy prices

New Delhi: S&P Global expects India’s GDP to grow 6.7% annually from FY24 to FY31, catapulting it from $3.4 trillion during the current fiscal to $6.7 trillion in FY31, the rating agency said in a report on Thursday. However, India will face macro challenges in the upcoming decade to turn traditionally uneven growth into a high and stable trend.