Southern Financial News

India's three key southern cities — Bengaluru, Chennai and Hyderabad dominated office demand with the contribution of 59% of the total office leasing across the top 7 cities during the quarter ended June, according to Vestian. As per the data, the combined office leasing in three major southern cities stood at 8.2 million square feet, out of a total 13.9 million square feet absorbed in the April-June quarter of this calendar year. Across seven major cities, office leasing fell 6 per cent to 13.9 million square feet during April-June as against 14.8 million square feet in the year-ago period due to delays in decision-making by large domestic firms and MNCs amid global uncertainties.

Bengaluru, Chennai and Hyderabad — three top southern cities — contributed 59 per cent to the total gross office leasing across seven major cities during the June quarter, according to real estate consultant Vestian. Bengaluru-based Vestian on Thursday released its quarterly office market report The Connect Q2 2023, stating that the combined office leasing in Bengaluru, Chennai and Hyderabad stood at 8.2 million square feet, out of a total of 13.9 million square feet office absorption in the April-June quarter this year.

Universal Studios has become a hot spot in the face-off between Hollywood studios and striking screenwriters and actors. Some members of the Screen Actors Guild-American Federation of Television and Radio Artists and Writers Guild of America unions — along with sympathetic local politicians — think the studio purposely pruned the trees in an effort to remove a source of shade for workers picketing under the hot Southern California sun. They gathered regardless on Wednesday, with one woman wearing a green wreath on her head and holding a sign depicting a full, untrimmed tree under the words «Never Forget».

Premier League (IPL), billionaire Anand Mahindra was asked to invest in the now-hugely successful short-format cricket tournament that transformed the global fortunes of the sport. The tycoon, who heads the automotive and industrial conglomerate Mahindra & Mahindra Ltd., wasn’t particularly interested in what he considered a dull, passive vanity project. But it did spark an idea.

Russia warned that ships sailing to Ukraine's Black Sea ports from Thursday will be seen as potential military targets, days after its withdrawal from a safe-passage deal that threatens to worsen global food supplies. Ukraine said on Wednesday it was establishing a temporary shipping route via Romania, one of the neighbouring Black Sea countries. «Its goal is to facilitate the unblocking of international shipping in the north-western part of the Black Sea,» Vasyl Shkurakov, Ukraine's acting minister for communities, territories and infrastructure development, said in a letter to U.N.

Wholesale power prices increased in the second quarter, partly due to the closure of AGL Energy’s Liddell coal-fired power station in April, according to the latest report from the Australian Energy Regulator.

Oregon wildfire activity this week. The Flat Fire, has expanded to 8,204 acres by Tuesday morning, compared to 5,500 acres the previous day, as reported by firefighting teams. The fire is currently active in the Oak Flat and Agness area within Oregon's Rogue River-Siskiyou National Forest. It is located near the junction of the Illinois and Rogue rivers, approximately one hour east of Gold Beach. Fire teams have projected that the fire will continue to be active on Tuesday, resulting in thick smoke affecting nearby communities. Consequently, an air quality alert has been issued for southern Curry County and certain regions of western Josephine County. Moreover, in order to alert residents, a red flag warning has been issued for the Willamette Valley today from 2 to 8 p.m. This warning is due to the combination of high temperatures, strong winds, and low humidity, which create conditions favorable for rapid fire spread. The warning emphasizes the need for extra caution regarding potential sources of ignition, especially in grassy areas. Outdoor burning is strongly discouraged during this time. Keeping in mind the dire situation, it is crucial to understand what you can do to stay safe amid heat, fire and smoke.

Deadly heat waves are upending daily life in large parts of the U.S., Europe and Asia, as warming oceans and unprecedented humidity fuel one of Earth’s hottest summers on record. Meteorologists say last month was the hottest June on record and 2023 could be the hottest year ever if July’s record temperatures continue, straining businesses and threatening power grids .

Indian Air Force (IAF) in September, said a report by Hindustan Times onWednesday IAF crews will carry out acceptance trials of India’s first C295 transport aircraft at the Airbus Defence and Space’s Seville facility in southern Spain in early September before taking delivery of the plane, said the report citing Airbus officials aware of the matter. The delivery of C295 to India will set in motion a crucial ‘Make in India’ project worth  ₹21,935 crore to equip the IAF with 56 such aircraft.

Russia unleashed intense overnight drone and missile attacks that officials said damaged critical port infrastructure in southern Ukraine, including grain and oil terminals, and wounded at least 12 people

New Zealand and Australia. The tournament begins with the first match between New Zealand and Norway in Auckland on Thursday. With 32 teams playing 64 matches across venues in New Zealand and Australia from July 20 to August 20, this Women's World Cup is the biggest ever.

AIIMS Rishikesh via helicopter. Orders have been given to conduct a Magisterial inquiry." In April, 11 people were electrocuted when their truck touched an overhead power line during a Hindu festival procession in southern India.

New Delhi: Retail sales grew 7% year-on-year in June, according to the 41st edition of the Retail Business Survey by the Retailers Association of India (RAI). “Retailers witnessed a modest growth of 7% in the month of June 2023. Food and grocery and footwear showed a growth at 15% while jewellery has shown a 14% growth.

By Nick Starkov

₹5,000 crore. Gross collections were at ₹4,868 crore for the first six months of calendar year 2023, down 15% on year, according to a report by media consulting firm Ormax.

Europe is witnessing record high temperature and World Meteorological Organization (WMO) has predicted that heat wave in the northern hemisphere is set to intensify further in the next few days. In a typical scene in Italy, where the temperature is expected to top 40C on Wednesday, tourists are seen trying to keep cool by splashing in fountains and standing under giant fans set up outside the Colosseum.

Associated Press (AP), despite North Korea test-firing short-range missiles as a display of weapons, there was no information regarding the fate of Private 2nd Class Travis King, who was detained in North Korea. It is important to note that the missile launches were believed to be a protest against the deployment of a US nuclear-armed submarine in South Korea and were likely unrelated to King's border crossing. “It’s likely that North Korea will use the soldier for propaganda purposes in the short term and then as a bargaining chip in the mid-to-long term," said Yang Moo-jin, president of the University of North Korean Studies in South Korea.

Reuters. She was visiting Vasanello, a village north of Rome In Greece, authorities told citizens close to a forest fire in Dervenochoria, north of Athens, to shut doors and windows as smoke approached. Extreme weather conditions are affecting Americans across the country.

Several civil rights groups are challenging Florida’s new immigration law in a federal lawsuit

China Evergrande, the property developer whose woes helped bring about a slump in the country’s vitally important real estate market, has reported its debts rose further to about $340 billion by the end of last year

poverty line and still lack other basics — or make some progress on the latter, yet stay below the poverty line. The UN sustainable development goals aim to halve the share of people living in poverty “in all its dimensions" by 2030. Indicators of health, education and living standards are measured by the multidimensional poverty index (MPI).