Citi Financial News

Major fires raging in Greece and other European countries have advanced

The Mega Millions lottery jackspot is approaching $1 billion ahead of Friday’s drawing

Russia's defence minister was photographed this week viewing banned North Korean ballistic missiles with leader Kim Jong Un at a military expo in Pyongyang, signalling deeper ties between the two countries as they face off with the United States. As Russia's isolation over its war in Ukraine has grown, it has seen increasing value in North Korea. For North Korea's part, relations with Russia haven't always been as warm as they were during the heady days of the Soviet Union, but now the country is reaping clear benefits from Moscow's need for friends.

HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 25 basis points to 5.75%, the highest in 16 years, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.

By Harish Sridharan

thunderstorms wreaked havoc across southern Michigan, causing widespread damage and leaving a trail of destruction in their wake. The tempestuous weather struck on a fateful Wednesday, unleashing powerful winds that uprooted trees, snapped branches, and brought down power lines, leading to a significant disruption in electricity supply for more than 140,000 customers. DTE Energy, one of the major utilities in the region, bore the brunt of the storm's fury, reporting an alarming number of nearly 108,000 customers left without power by 5:40 p.m.

By Nate Raymond and David Shepardson

IMD's Santacruz observatory (representative of Mumbai's suburbs), according to a report published by the news agency PTI. The weather office said, “From July 1 to July 26, 2023 morning 0830 hours (8.30 am), Santacruz (observatory) had recorded 1,433 mm. So today, this record for wettest July has been broken at 2030 (8.30 pm) on July 26, 2023, with the Santacruz observatory recording a total of 1557.8 mm so far." Incessant heavy rains lashed Mumbai throughout the day, prompting the weather office to upgrade the 'orange' alert to 'red' with effect from Wednesday night till Thursday afternoon.

hybrid approach as the way forward in a post-pandemic world. Companies including Physics Wallah, Unacademy, BrightChamps, Vedantu, UpGrad and Simplilearn are either increasing or building their offline presence as students now want the best of both worlds – online and offline. The edtech sector scaled record highs during the pandemic as education moved online, but has since been among the worst affected in terms of funding and layoffs, particularly in the tuition, K12 and test-prep segments.

Axis Bank, India's fourth-biggest private lender by market value, Wednesday reported a 41% rise in its June quarter net profit to ₹5,797 crore on the back of higher business income. The bank had posted profits of ₹4,125 crore a year ago. Bank's net interest income (NII), or core income, climbed 27% on year to ₹11,959 crore versus ₹9,384 crore in the same period last year.

City workers are being offered less tempting pay packets when changing jobs, as investment banks and asset managers slash roles and freeze hiring to control costs.

Each year, Financial News pores over hundreds of submissions to find the very best and brightest minds across the finance sector

President Joe Biden has nominated former Maryland Gov. Martin O’Malley as the next commissioner of the Social Security Administration.

GAIL is planning to tie up 7-8 million tonnes per annum of long-term liquefied natural gas (LNG) from diverse sources as it bets big on domestic gas demand and aims to play a leading role in India’s transformation into a gas-based economy, its chairman has said. “GAIL is committed to ensuring that the domestic demand is well supplied and protected from price shocks. To do the same, GAIL is looking to grow its long-term volumes by at least 50% or 7-8 million metric tonnes per annum in a staggered manner till 2030,” GAIL chairman and managing director Sandeep Kumar Gupta told ET in an interview. The company is in talks with suppliers in several countries including the US, Qatar, the UAE, and other countries east of India, he added. Gupta, the former finance chief of Indian Oil Corp, took over as the chairman and managing director of GAIL last October in the middle of a global energy crisis that had cut off afifth of its LNG supplies after a former German unit of Russia’s Gazprom stopped supplying. “We managed well. The supply cut to our customers was much smaller as we brought in our US volumes to meet their demand,” said Gupta. After the global markets cooled off this year, the supplies resumed but GAIL has learnt its lessons.

retail facilities attempt to fight ecommerce rivals in a market increasingly driven by deep discounting. While such retail space, where brands are offered on discount round the year, is popular globally, the segment is unorganised in India. «We have opened one such mall in Delhi's Jasola where all the premium brands have their factory outlets.

₹75,000. A month ago, when World Cup schedule was announced, most hotels, including homestays, had taken an over 100% price hike in their asking room rate. Prices of 5-stars hotels had gone up from ₹5,000-8,000 a night to ₹40,000 to ₹1 lakh for 15 October.

Brett Goldstein is embarking on his highly anticipated inaugural live standup tour across North America. Titled the «Second Best Night of Your Life Tour,» the British performer promises to deliver an unforgettable evening of laughter and entertainment. With his exceptional comedic timing and captivating storytelling, Goldstein has already gained significant recognition in the comedy circuit. Now, he is ready to delight fans across America with his wit and humour.

Travis Kelce, the standout tight end for the Kansas City Chiefs, recently attended Taylor Swift's Eras tour at Arrowhead Stadium. The 33-year-old athlete had a plan to give Taylor his phone number, which he engraved on a bracelet he made for her. However, the bracelet didn't reach Taylor as intended.

housing society that undergoes redevelopment need not pay stamp duty on the allotted permanent accommodation as part of the project. Following this, the member of the housing society undergoing redevelopment is expected to pay only Rs 100 as stamp duty, while the principal agreement between the development and the housing society will be charged as per the conveyance.

Delhi Metro Rail Corporation (DMRC) allowed commuters to carry two sealed liquor bottles in the metro trains, the Delhi government’s excise department has sought it to be changed as per the excise law. According to the Excise Act, only one sealed bottle of liquor like rum, vodka and whisky could be carried from one state to another.

LONDON—Airbus faces another high hurdle in delivering its bestselling jets as it races to solidify a commanding lead over rival Boeing. Airbus has been working to rapidly increase output of its bestselling A320 family of aircraft as it seeks to deliver on a backlog that now stretches out into the early 2030s. Many of those planes are powered by a certain type of Pratt & Whitney engine, which the engine maker said earlier this week will need to be recalled and inspected.