Citigroup's managers and consultants working on CEO Jane Fraser's reorganization have discussed job cuts of at least 10% in several major businesses, CNBC reported on Monday, citing people with knowledge of the process.The bank has warned of job cuts as part of a sweeping overhaul it unveiled in September, but has said it will estimate the scale of layoffs and cost savings in the current quarter.The reorganization, known internally as "Project Bora Bora" according to CNBC, is intended to give Fraser more direct control as she seeks to simplify the Wall Street giant and boost its stock price.
The Health Ministry in Hamas-ruled Gaza says the Palestinian death toll from the ongoing war with Israel has jumped over 10,000. The figures released Monday mark a grim milestone in what has quickly become the deadliest round of fighting since Israel's establishment 75 years ago. The war erupted on October 7 when Hamas militants stormed into Israel from Gaza and killed over 1,400 people and took some 240 others hostage in a rampage that Israel described as the deadliest attack on Jews since the Holocaust. Israel responded with a campaign of blistering airstrikes, followed by a ground invasion. The Health Ministry says 10,022 people have been killed in Gaza, without distinguishing between fighters and civilians. The vast majority of the dead are believed to have been killed in Israeli airstrikes, though Israel says over 500 errant rockets launched by Palestinian militants have landed inside Gaza.
5.6 magnitude earthquake hits Nepal, tremors felt in parts of north India.
All schools in Delhi have been directed to suspend physical classes, barring classes 10 and 12, until November 10 in view of rising pollution levels, Delhi Environment Minister Gopal Rai announced on Monday. Pollution levels in Delhi-NCR on Monday morning were recorded around seven to eight times above the government-prescribed safe limit, as a toxic haze persisted over the region for the seventh consecutive day. On Sunday, Delhi Education Minister Atishi had announced closure of primary classes of all schools until November 10 and said schools have the option of teaching online for classes 6 to 12. However, all government and private schools opted to hold physical classes for classes 6 to 12. The 24-hour average Air Quality Index (AQI), recorded at 4 pm every day, worsened from 415 on Saturday to 454 on Sunday, prompting the Centre to implement all emergency measures mandated under the final Stage IV of its air pollution control plan called the Graded Response Action Plan (Grap). According to a 2018 study conducted by The Energy and Resources Institute, vehicular emissions contribute to roughly 40 per cent of the PM 2.5 pollution in the national capital.
On the Mahadev betting app case, Chhattisgarh CM Bhupesh Baghel says, "...Investigation of this has been going on for two years... Unless online betting is banned, nothing will stop...There are lakhs of fake accounts of those who do online betting... The central government should identify them and close them..." In the meantime, the grand-old party has decided to take up the issue of Mahadev betting app with the Election Commission of India today
As the air quality continues to deteriorate in the national capital, Delhi Chief Minister Arvind Kejriwal has called a high-level meeting today, officials said. "Delhi Chief Minister Arvind Kejriwal called a high-level meeting on the issue of increasing pollution," the official said. This meeting will be held in Delhi Secretariat at 12 noon. Officials further informed that Delhi's Environment Minister and officials of all concerned departments will attend the meeting.
The overall
air quality in the National Capital continues to be in the 'severe' category' for the fifth straight day, as per the Central Pollution Control Board. According to the data issued by the System of Air Quality Forecasting and Research (SAFAR-India), the air quality in the National Capital was recorded at 488, up from 410 a day ago. Meanwhile, Delhi Environment Minister Gopal Rai has called a meeting of all concerned departments today in view of the increasing pollution, his office said in a brief statement.
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