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Citi has received approval to establish a fully owned securities unit in China, positioning itself to expand operations in Shanghai. The new unit will provide onshore services, including underwriting and trading on local securities, enhancing access to domestic markets for clients. Since late 2021, Citi has been hiring to grow its team, aiming to double its workforce to around 100 by year's end. CEO Jane Fraser highlighted the potential for better connections with Chinese clients and fostering

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Cypriot police have initiated an investigation into Roman Abramovich's financial activities, prompted by a BBC Panorama report alleging that Deloitte helped him falsify documents to conceal his wealth and avoid taxes. The Ministry of Justice is also examining potential criminal activity linked to these claims. As evidence is gathered, the scrutiny may extend to other individuals and companies involved. This ongoing investigation raises significant questions about financial ethics and

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Hong Kong Exchanges and Clearing has launched the HKEX Artificial Intelligence Index, featuring 40 prominent AI companies, and introduced the HKEX Semiconductor Index to track the largest semiconductor firms in Hong Kong. This move is aimed at increasing investor options and enhancing market activity. The collaboration with China Southern Asset Management will also expand exchange-traded funds into mainland markets, highlighting significant potential for growth in the AI and semiconductor

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Hispanic voters in Texas are showing signs of a significant political shift as the midterm elections approach. Recent polls indicate a decline in support for Trump among this demographic, traditionally a Republican stronghold, largely due to dissatisfaction with immigration policies. Community leader Father Roy Snipes criticizes ICE's impact on local families, reflecting growing concerns. Meanwhile, Democratic candidate Bobby Pulido is appealing to voters by prioritizing economic issues over

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The U.S. plans significant cuts to health funding for Kenya, reducing annual support from 53.6 billion Kenyan shillings (approximately $414 million) in 2026 to 20.8 billion shillings ($161 million) by 2030. This reduction will impact vital health programs addressing HIV, tuberculosis, malaria, polio, and maternal and child health, as Kenya is expected to take on more financial responsibility. These changes, announced by U.S. Chargé d’Affaires Susan Burns, follow previous foreign aid reductions

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Five Israelis were wounded, and two suspected Palestinian attackers were killed by Israeli security forces during a shooting at a Hebron military checkpoint. Intense gunfire and unverified footage highlight the escalating conflict, exacerbated by clashes between extremist Jewish settlers and Palestinians amid the olive harvest. The Israeli military uncovered a cache of ammunition in the attackers' vehicle, indicating a planned assault. Responding to the situation, Prime Minister Netanyahu is

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A sitting Member of County Assembly in Nairobi has been arrested for alleged involvement in a mobile phone theft syndicate, following identification through CCTV footage. The MCA for Ikanga/Kyatune Ward, caught on Mfangano Street, is linked to theft incidents in the Central Business District from August and September. In addition, he is wanted for missing a court date related to a previous theft charge. The situation highlights the significant role of technology in crime solving and raises

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Hong Kong lawmakers are considering a proposed HK$1.6 billion funding increase to extend the newborn baby bonus scheme, aiming to provide greater support for families. Key discussions during the meeting included the projected annual administration costs of HK$2.4 million and crucial assumptions about birth rates. Deputy Chief Secretary Warner Cheuk also highlighted plans to review surplus funds to determine the future of the scheme. This initiative focuses on helping families while ensuring

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Authorities in Hong Kong arrested a couple for running street scams that exploited people’s goodwill, swindling over HK$900,000. Posing as individuals in distress due to lockouts, they pressured victims into giving small cash amounts and larger online transfers, misleading them into providing personal documents. Following a tip-off, police launched an investigation, leading to the arrests and several seizures during raids. Officials urge the public to remain vigilant against scams and avoid

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Starting November 3, 2026, travelers flying to the U.S. must confirm they haven't visited the Democratic Republic of Congo in the past 21 days, a measure aimed at preventing Ebola's spread. The CDC mandates airlines ensure every passenger completes a travel declaration prior to boarding, with strict record-keeping for 42 days post-flight. This requirement poses challenges for Kenyans and other international travelers, especially given recent health issues in Kenya. Additionally, the U.S. has

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