Citi Financial News
17.07 / 16:07
Citi
Extreme
Discover
Death toll in Kenya starvation cult case crosses 400: Official
«Total death Toll — 403,» Coast Regional Commissioner Rhoda Onyancha told AFP in a message, following the latest round of exhumations in the Shakahola forest, where cult leader Paul Nthenge Mackenzie allegedly urged followers to starve to death. «Exhumation continues tomorrow,» Onyancha added, as investigators search for more graves in the forest, where the first victims — some dead, others alive but weakened and emaciated — were discovered on April 13.
17.07 / 14:07
17.07 / 13:37
Citi
Target
Reuters
Google
PINK
Mattel
Google search 'Barbie, Greta Gerwig, Margot Robbie, Ryan Gosling' and see magic!
Oppenheimer who share the same release date have created a lot of buzz in the past few days. The amazing promotions around Barbie film are boosting the excitement with fans claiming they can't wait for the release of the film.
17.07 / 13:27
Citi
Man
Waters
Fighting
Continental
Southern
Mercury
Temperature reaches new highs as heatwaves scorch the globe
From North America to Europe and Asia, people gulped water and sought shelter from the sweltering heat, with the mercury expected to reach new highs in several places in the next few days. Europe, the globe's fastest-warming continent, was bracing for its hottest-ever temperature this week on Italy's islands of Sicily and Sardinia, where a high of 48 degrees Celsius (118 degrees Fahrenheit) is predicted, according to the European Space Agency.
17.07 / 12:59
UPS
Citi
Manufacturing
global economy
A Buoyant Global Economy Is Starting to Sag
The global economy’s brief run of good luck may be ending. Manufacturing activity is weakening across the world. Europe slid into a mild recession earlier this year.
17.07 / 12:45
17.07 / 12:05
Blockchain
Citi
Provident
Binance
Platform
coinbase
Hong Kong Is Bullish on Crypto. Its Banks Aren’t So Sure.
Crypto firms used to talk about disrupting the financial system. Now some of them are struggling to find traditional banks that will take their money. That is so even in Hong Kong, where government officials and regulators have launched a charm offensive to win crypto business.
17.07 / 11:47
17.07 / 11:37
Citi
Waves
Waters
Continental
Southern
RAI
Heat wave bakes southern Europe, sparking warnings to stay inside, drink water and limit exercise
southern Europe began a brutally hot week on Monday with temperatures expected to top 40 C — or 104 F — on a continent already overburdened by tourists. The health ministry issued 10 recommendations to protect elderly people, the sick and pets from the heat, urging people to stay indoors during the hottest hours, drink at least 1.5 liters (nearly half a gallon) of water a day and refrain from strenuous exercise at peak daylight times. The culprit was a high-pressure anticyclone dubbed Cerberus, the multi-headed dog that guards gates to the underworld in Greek mythology.
17.07 / 11:23
COST
Citi
MET
FIVE
Manufacturing
Parke
Allianz
Warehousing supply across 8 primary markets likely to grow 13-15% in FY24, says ICRA
ICRA. The incremental absorption is estimated to remain at around 39 million sq ft, the level witnessed in 2022-23. Nearly 52% of the expected supply addition across these primary markets including Mumbai, National Capital Region, Pune, Chennai, Bengaluru, Kolkata, Hyderabad, and Ahmedabad will be in grade A category.
17.07 / 11:23
UPS
Citi
Provident
Booking
Strategy
DBS launches new IFSC banking unit in GIFT City
DBS Bank Ltd., Singapore’s largest bank, on Monday, expanded its presence in India by inaugurating its new IFSC Banking Unit (IBU) in the Gujarat International Finance Tec-City (GIFT City), Gandhinagar. The bank's new unit is expected to focus on delivering corporate banking services, and foreign currency-denominated loans, including external commercial borrowings (ECB) and trade finance products, the statement of DBS bank said.DBS Bank has said that it is hoping to build a book exceeding $ 1 billion in the first year of operations. In the future, DBS is hoping to include solutions for its private banking clients along with other services it currently provides. The opening of the IBU in the GIFT International Financial Services Centre is a significant enabler for the bank's growth strategy for India, said DBS on the launch of its new financial unit in Gandhinagar.
17.07 / 10:13
Blockchain
UPS
Citi
Digital
Tencent
Central-bank digital currencies are talked about more than coming to fruition
digital currency (CBDC). Cardholders did not have accounts with the bank. Instead their monetary value was tracked by chips physically inserted into them.
17.07 / 09:27
COST
Citi
FIVE
Booking
Gap
Enterprise
Net debt of top 8 listed realty firms dip 43 pc to Rs 23,000 cr in last 3 yrs: Anarock
The net debt of top eight realty firms fell 43 per cent to Rs 23,000 crore last fiscal, from around Rs 40,000 crore in 2019-20, as their cash flow improved on strong housing sales, according to Anarock. Real estate consultant Anarock noted that the unfettered demand for housing across the country has enabled the country’s leading large and listed developers to reduce their debt.
17.07 / 09:27
COST
Citi
Provident
Booking
Gap
Enterprise
Listed developers’ cost of debt shrinks to 9% in FY23 from 10.3% in FY20
The unfettered demand for housing across the country has enabled the country’s leading large and listed developers to reduce their debt, reveals an analysis of the financials declared by the top 8 developers engaged in the development of residential real estate.
17.07 / 08:09
Citi
Provident
Digital
Booking
CEO
Platform
How to become rich in India: Four smart ways to grow your surplus money
money management, such as fixed deposits or repeated deposits, which provided a stable return rate. Today, everyone, from young to elderly, is investing in the stock market, and this type of investment is growing steadily. The securities exchange may deliver significant gains if you have the necessary skills and trade better than the securities exchange, said Ravi Singhal, CEO, GCL Broking.
17.07 / 07:49
COST
Citi
Booking
cricket
Airfares soar 350% as cricket fans eye India-Pakistan World Cup match
World Cup frenzy has already got India in its firm grip — and the India-Pakistan match is at the center of it all. All roads, and air-routes, lead to the Motera stadium in Ahmedabad, which is set to host the most-awaited match between India and Pakistan on October 15. And this is one time when being the early bird gets you nothing.
17.07 / 07:19
Citi
Target
Over 1.40 lakh kg drugs worth Rs 2,381 crore destroyed, Union Home Minister Amit Shah watches virtually
Amit Shah, officials said. Destruction of the narcotics, the bulk of it from Madhya Pradesh, were carried out in different cities as Shah watched through video conferencing from New Delhi while attending a conference on 'Drugs Smuggling and National Security'.
17.07 / 06:59
UPS
Citi
Provident
Digital
China’s Changzhou to Give Away Digital Yuan Tokens, Coupons Worth $700k
The city of Changzhou, China, is set to give away $700,000 worth of digital yuan tokens and coupons before the year is out, as the nation’s central bank digital currency (CBDC) pilot continues.
17.07 / 06:17
Citi
Aviat
Alliance Air commences daily flights between Chennai & Jaffna
Chennai and Sri Lanka's Jaffna city have commenced with India's Alliance Air increasing the frequency from the earlier four-times-a-week service, a move that is set to further boost travel and trade between the two countries. The move to increase the frequency of flights between Chennai and the Tamil-dominated Jaffna city was announced earlier this month by Union Minister of Civil Aviation Jyotiraditya Scindia during the Travel Agents Association of India (TAAI) annual convention hosted in Colombo. The daily commercial flights between Chennai and the Jaffna International Airport (JIA) in the north began operations on Sunday, aviation officials said. Chief Airport Manager, Aruna Rajapaksa, confirmed the inaugural flight's arrival in Jaffna at 11:30 am, marking the initiation of daily flights along this route, the NewsFirst news portal reported on Sunday. «Alliance Air is set to commence daily scheduled operations between Jaffna and Chennai, starting from 16th July 2023. Initially operating with their ATR72 aircraft, which can comfortably carry 70 passengers», a press release by Sri Lanka's Airport and Aviation Services said. Alliance Air, which initially aimed for four flights per week starting from December 15, 2022, decided to upgrade the frequency of its operations to a daily flight service due to the growing demand for flights to the JIA.
17.07 / 05:47
UPS
Citi
Disney
Manufacturing
Southern
Without Hollywood, What happens to Los Angeles?
Los Angeles County has 88 cities. Ten million people. Two hundred-plus languages spoken.
17.07 / 05:47
Citi
FIVE
Noted mathematician Mangala Narlikar passes away
Dr Mangala Narlikar, wife of noted astrophysicist Dr Jayant Narlikar, passed away at her residence in Maharashtra's Pune city on Monday after a prolonged illness, family sources said. She was 80.
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