Citi Financial News
06.07 / 01:53
Citi
FIVE
Southern
Mexico bus crash: 29 dead, 19 injured in tragic accident in Oaxaca
A bus crashed into a ravine in southern Mexico early on Wednesday morning, killing at least 29 people and injuring another 19, according to state officials. The bus, traveling from Mexico City through southern Oaxaca state, crashed at around 6:30 a.m.
06.07 / 01:47
Citi
MAIL
Discover
Flushing
Cocaine found at White House was in area for visitors
Cocaine discovered at the White House was left in an area frequently used by visitors on tours — and not while President Joe Biden and his family were on the premises, officials said Wednesday. The White House sought to get the highly unusual story under control as details emerged of the drug's discovery Sunday in one of the most carefully guarded buildings in the world.
06.07 / 01:35
Citi
Yellow
Orange
Traffic
Updates
Mumbai
Mumbai Monsoon: Orange alert issued in the city today; check local train status to traffic updates here
latest updates, the Brihanmumbai Electric Supply and Transport (BEST) bus services in the city are functioning smoothly. The suburban train services of the Central Railway and Western Railway are also currently running normal. Meanwhile, a red alert has been issued for Raigad district in Maharashtra for July 6, warning of excessive rainfall, officials told PTI.
06.07 / 01:33
Citi
Telegram
After Ukraine missile alerts, Lviv mayor says four wounded, number growing
Ukraine, the mayor of the western city of Lviv said four people had been injured and the casualty count was growing. «At this moment it is known that four are wounded as a result of rocket fire.
05.07 / 23:11
Citi
Provident
Digital
CEO
Platform
DBS launches merchant payment system for Chinese CBDC
DBS is the first foreign bank in China to embed the CBDC into its merchant payments portfolio, processing transactions and providing consolidated merchant reports with itemised e-CNY transactions via its business banking platform DBS Ideal.Ginger Cheng, CEO of DBS Bank (China), says: "We received strong interest from several clients for the solution since its launch, and we are pleased to have completed the first e-CNY collection for a client - a catering company in Shenzhen. By seamlessly integrating a CBDC collection and settlement method into our clients’ existing payment systems, this will help position their business for a digital future where consumers in China use e-CNY for their daily activities."e-CNY usage in China has grown steadily since its pilot launch in April 2020.
05.07 / 21:05
COST
UPS
Citi
Software
Equinix
‘It Can Be a Bit Polarizing’—Finance Chiefs Weigh Return-to-Office
The return-to-office discussion has upended the workplace. Sparsely populated workplaces are affecting corporate cultures and workers’ ambitions, bosses say, leading some to step up their return-to-office mandates. Rank-and-file workers, meanwhile, are reluctant to give up the flexibility gained during the pandemic, with long commutes, caregiving duties and high costs among the motivators keeping them at home, at least some of the time, they say.
05.07 / 21:05
UPS
Citi
Action
Racing
Fighting
Taiwan’s Impossible Choice: Be Ukraine or Hong Kong
People in Taiwan have been following every twist of the war in Ukraine. But, while their sympathy for the Ukrainian cause is near-universal, the conclusions for the island’s own future widely diverge. To some, the takeaway is that even a seemingly invincible foe can be defeated if a society stands firm, an inspiration for Taiwan’s own effort to resist a feared invasion by China.
05.07 / 21:05
UPS
Citi
Disney
Career
Suicide
Lee
Coco Lee, singer and actor, dies by suicide at age 48
A post shared by Nancy Si Lin Lee (@nancy_yauyetei) Lee was born in Hong Kong, but raised in San Francisco. After high school, she went back to the city of her birth for a vacation, where she entered a singing contest.
05.07 / 21:05
UPS
Citi
Provident
Citizens
‘Why Do I Have to Pay Taxes on That?’ Wrongfully Detained Americans Face Bills, Fines and Fraud Back Home
When Washington Post correspondent Jason Rezaian was released from Iran after 544 days of imprisonment, he said his welcome home came with bills of $20,000 for unpaid taxes, late payment penalties and interest. Rezaian had given his brother power of attorney to manage his affairs while he was abroad—but that power didn’t allow his brother to submit tax returns on his behalf. “There was no pause button for wrongful detention," Rezaian said.
05.07 / 21:05
UPS
Citi
Discover
Orange
AirPods
Portable Urinal, but Make It Cool: Redesigns Change the Game for Health Products
Call it nursing-home chic. Incognito compression socks, lacy incontinence underwear and earplugs that look like earrings are among the new health products attracting younger customers who might otherwise avoid the category. These products have always been practical.
05.07 / 20:35
Citi
Provident
Gap
Align
Remark
Taylor Swift UK Tour 2023 dates confirmed. Check when to buy tickets
Excitement continues to build as Swift also announced that Paramore will be joining her for the European leg of the Eras tour. This revelation adds to an already jam-packed schedule, including stops in various cities such as Paris, Stockholm, Amsterdam, and Vienna. While fans eagerly anticipate the tour, rumors suggesting that Swift might grace the stage at the renowned Glastonbury festival have been quashed with the announcement of these additional shows. Previously, there were gaps in her schedule that aligned with the festival's 2024 edition, fueling speculation. However, with her newly scheduled performances, it appears that Swift's involvement at Glastonbury is no longer a possibility. The announcement has left hundreds of thousands of UK fans eagerly awaiting presale codes for the tour. These fortunate individuals hope to secure their tickets ahead of the general sale. They have until July 14 to finalize their preferred show before tickets become available to the public on July 18 this year. It is worth noting that 33-year-old Swift's popularity remains unparalleled, as her US shows sold out within minutes despite the availability of multiple dates in nearly every region of the country. Swift's dedicated fan base ensures that her performances are highly sought-after, contributing to the remarkable success of her tour. Overall, Swift's decision to add extra shows in the UK reflects her commitment to providing her fans with memorable experiences. As anticipation mounts, music enthusiasts are eagerly preparing to secure their tickets for what promises to be an extraordinary tour.
05.07 / 19:55
UPS
Citi
Amazon
Racing
Software
New York City Starts to Regulate AI Used in Hiring Tools
Employers are preparing for a new law going into effect Wednesday in New York City that will be the first in the nation to regulate the use of automation and artificial intelligence in hiring decisions. The law, known as NYC 144, requires employers that use certain kinds of software to assist with hiring and promotion decisions—including chatbot interviewing tools and resume scanners that look for keyword matches—to audit those tools annually for potential race and gender bias, and then publish the results on their websites.
05.07 / 19:51
05.07 / 19:47
UPS
Citi
Platform
Subway
Fastenal
City Streets Are Gross, but You Can Still Wear Sandals—if You Choose Them Carefully
SOME YEARS AGO, a traumatizing encounter with a New York City rat provoked Nicole Vassallo to swear off wearing flimsy, strappy sandals on urban streets. Once a sewer-dwelling rodent comes dangerously close to scampering over your nearly nude feet, “you quickly realize exposed toes—flat on the ground—are not the way to go," said Vassallo, a 32-year-old luxury-travel publicist who lives in Manhattan. It’s not just gutsy vermin that can make cities objectively disgusting.
05.07 / 18:39
COST
UPS
Citi
FIVE
Man
Strategy
Inside India’s largest test-tube baby maker
UDAIPUR : It is a busy Monday morning at the Udaipur centre of Indira IVF Hospital Pvt Ltd. Inside the four-storeyed grey-stoned building, you can sense the high tide of hope. A sea of greying couples patiently wait—around the security desk, at the reception, in the seating areas.
05.07 / 18:39
UPS
Citi
Target
FIVE
Strategy
expansion
Rising demand drives hotel expansion plans
NEW DELHI : India’s largest hotel chains are rapidly expanding their portfolios amid record-high room rates. In the last week alone, half a dozen hotel companies across India have announced new development plans, including management contracts with independent owners and launching properties signed in the past few years, to capitalize on the soaring demand for hotel accommodations. Buoyed by hotel demand outstripping supply, many top hotel operators are signing up new properties in the first quarter of FY24.
05.07 / 18:07
UPS
Citi
Manufacturing
Volkswagen
Solomonic
Audi
Audi to unveil electric vehicle manufacturing plans in Mexico -sources
By Daina Beth Solomon and Dave Graham
05.07 / 17:25
Citi
Provident
CEO
Power
Tata Power bags Rs 1,744-crore smart metering project in Chhattisgarh
Tata Power on Wednesday announced bagging a smart metering project worth Rs 1,744 crore in Chhattisgarh. The order has been awarded by Chhattisgarh State Power Distribution Company Limited (CSPDCL), Tata Power said in a statement.
05.07 / 16:55
COST
UPS
Citi
Provident
CEO
open
Haryana allows restaurants to open 24x7: Gurugram eateries ready to cash in on late diners, MNC employees
Haryana government gave its nod to the 24x7 operation of restaurants in the state, eateries in Gurugram are overjoyed hoping to cash in on late night cravings of residents and round-the-clock working MNC employees. Several restaurants of the city, an IT hub, said they can't wait to serve late night and early morning diners with piping hot food and chilled drinks, even though security remains the foremost concern of most restaurateurs.
05.07 / 16:52
Citi
Provident
FIVE
Booking
Career
letter
‘End of an era’: This was Deepak Parekh's salary when he joined HDFC 45 years ago; offer letter goes viral
₹3,500 plus ₹500 as a fixed Dearness Allowance. He was also entitled to 15 per cent Housing Rent Allowance and a City Compensatory Allowance at 10 per cent.
05.07 / 16:51
UPS
Citi
Provident
Progressive
Strategy
RBI panel sets global road map for rupee
MUMBAI : A Reserve Bank of India (RBI) appointed committee on Wednesday has recommended a roadmap to achieve internationalisation of rupee including efforts for inclusion in the International Monetary Fund’s Special Drawing Rights (SDR) basket. The inter-deparmental group headed by RBI executive director RS Ratho in its report said the rupee has the potential to become an international currency as India is one of the fastest growing economies and has shown resilience in the face of major headwinds.
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