Citi Financial News

The District of Columbia is alleging in a lawsuit that Amazon secretly stopped providing its fastest delivery service to residents who live in two predominantly Black neighborhoods in the city

Amazon, saying the company secretly stopped providing its fastest delivery service to residents who live in two predominantly Black Washington neighborhoods but is still charging residents millions of dollars for a service that provides speedy deliveries. The complaint, filed Wednesday in District of Columbia Superior Court, revolves around Amazon's Prime membership service, which charges consumers $139 per year or $14.99 per month for fast deliveries — including one-day, two-day and same-day shipments — as well as other benefits. In mid-2022, the lawsuit says, the Seattle-based online retailer imposed what it called a delivery «exclusion» on two zip codes in the district — 20019 and 20020 — and began relying exclusively on third-party delivery services such as UPS and the US Postal Service, rather than its own delivery systems.

Truong My Lan was already convicted in April by the same Ho Chi Minh City court of fraud amounting to UDS 12.5 billion — nearly 3 per cent of the country's gross domestic product — in a separate case and sentenced to death by lethal injection. Lan was convicted in April 2024 for embezzlement, bribery, and violating banking regulations. The scheme, which involved shell companies and fake loan applications, siphoned an estimated $12.5 billion from Saigon Commercial Bank (SCB) between 2012 and 2022.

Manchester United versus Arsenal EPL match is scheduled to kick off at 3.15 pm (ET) at Emirates Stadium on Wednesday, December 4. The soccer game between Arsenal and Manchester United will be live streamed in the US on Peacock. Arsenal are likely to win the game against Manchester United.

Subscribe to enjoy similar stories. OpenAI said it would set up a new office in Zurich, Switzerland, as part of efforts from the ChatGPT maker to bolster its presence in Europe as the continent emerges as a key battleground for regulating artificial intelligence. The startup said Zurich would be its fifth location in Europe after opening offices in Dublin, London, Paris and Brussels over the past two years.

SBI Card has discontinued the accrual of reward points on digital gaming platforms/merchants transactions for certain credit cards from December 1, 2024 onwards. According to the SBI Card website, “W.e.f. 1 Dec 2024, accrual of Reward Points on spends done on Digital Gaming Platforms/Merchants will be discontinued for certain credit cards.” Here is list of SBI credit cards where reward points will not be applicable on digital gaming platforms/merchants: AURUM • SBI Card ELITE

Bank of America has teamed with FIFA for a second time

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Lionel Messi and Cristiano Ronaldo are still popular and respected by their fellow players even though they no longer play for European clubs. The 37-year-old Messi and 39-year-old Ronaldo were the only players not with clubs in Europe to be voted on a 26-man shortlist for the world team of the year organized by global players' union FIFPRO on Monday. The other 24 nominees played in the past year with clubs in England, Germany, Spain and France, though Kylian Mbappe was the only French connection after spending last season at Paris Saint-Germain.

The Kansas City Royals say they have reached an agreement with Diamond Sports Group to continue broadcasting their games next season

Alliance Air will operate two flights a week from Guwahati to Ziro in Arunachal Pradesh, an official said on Tuesday. The domestic carrier will operate flights on Mondays and Wednesdays, Lower Subansiri deputy commissioner Vivek HP said. The flight will depart from Guwahati at 12.10 pm and land in Ziro at 1.25 pm. The return flight from Ziro will leave for Guwahati at 1.50 pm and reach there at 3.05 pm. Ziro has established itself as a MICE tourism destination, and with the beginning of the direct flights from Guwahati to Ziro, tourism in the valley will receive a boost, he said.

Agricultural powerhouse Cargill, one of the world’s biggest privately held firms with thousands of Canadian employees, is slashing its global workforce as part of a major restructuring effort.

Subscribe to enjoy similar stories. Bengaluru: Of late, one corner of Chakan, an automobile and manufacturing hub, has been seeing a burst of construction activity. On crossing the factories and manufacturing plants of some of the world’s largest automakers, including Mercedes, Volkswagen and Mahindra & Mahindra, the New MIDC Road leads to a 100-acre site.

By Peter Shawn Taylor

Subscribe to enjoy similar stories. Freshly cooked, piping hot fish and chips, sprinkled with salt and soused with vinegar, wrapped in paper and eaten out-of-doors on a cold and wintry day. Could there be anything more quintessentially British than fish and chips? The British love what Winston Churchill called “the good companions".

Subscribe to enjoy similar stories. Audio entertainment startups Pocket FM, Kuku FM, and Pratilipi FM are gaining in popularity, especially beyond the metro cities, thanks to affordable subscription plans and a wide variety of fiction and non-fiction content that keeps users glued to the platforms. The emergence of artificial intelligence and the creation of more regional content are only expected to spur growth for these platforms, with some shows raking in as much as ₹100 crore, company executives and investors said.

Subscribe to enjoy similar stories. India has achieved remarkable economic success, ranking as the world’s fifth-largest economy. Economic experts predict India will rise to third place within five years.

In a letter from the UK Crowdfunding Association, its chair and director, Bruce Davis, told City Minister Tulip Siddiq that the Financial Conduct Authority's over-regulation and its approach to crowdfunding for small- and medium-sized businesses has resulted in £50-150bn of «lost investment» in UK companies.  The last five years have seen «an unprecedented pace of regulatory change», according to Davis, with the UK now one of the most highly regulated markets in the world for crowdfunding investment.  «The impact of these changes has been felt in the increase in marketing costs for ne...

Workers seeking an end to smoking in Atlantic City casinos say the main employee union has been won over by tobacco companies seeking allies in the fight against smoking restrictions

Peace is driving up property prices in Kabul and fueling the luxury market