Page 3 - New York

New York risks losing wealthiest residents over high taxes: Official

An analysis by New York City's Independent Budget Office released this week showed that the number of city taxpayers who earned between $1 million and $5 million declined 11% in 2020

Guterres, Jaishankar to unveil Mahatma Gandhi's bust at UN headquarters

The United Nations Secretary-General Antonio Guterres and External Affairs Minister S Jaishankar will unveil a bust of Mahatma Gandhi at the premises of the UN headquarters in New York today

Sushmita Shukla appointed first VP, COO of Federal Reserve Bank of New York

Sushmita Shukla, an Indian-origin veteran of the insurance industry, has been appointed as First Vice President and Chief Operating Officer at the Federal Reserve Bank of New York, making her the second-ranking officer at the prominent institution. The appointment was approved by the Board of Governors of the Federal Reserve System, the New York Fed said in a statement Thursday. Shukla, 54, has been appointed by the Board of Directors of the Federal Reserve Bank of New York as First Vice President and Chief Operating Officer, effective March 2023. As First Vice President, Shukla, who has an MBA from New York University and a bachelor's degree in electrical engineering from the University of Mumbai, will be the New York Fed's second-ranking officer. Shukla said in the statement that she is honoured to have the opportunity to work for a mission-driven organisation like the New York Fed. I look forward to applying all that I've learned in my career including my technology, operation

Data hack derails daily life at AIIMS; admin reaches out to govt, IT firms

Staff forced to log manually, as patients grapple with test delays

New York, Singapore most expensive cities to live in, finds global survey

Tel Aviv, which topped the rankings last year, was bumped into third position, while Hong Kong and Los Angeles rounded out the top five priciest places

Cryptocurrency lender BlockFi goes bankrupt in aftermath of FTX downfall

BlockFi said in a statement that it will use the Chapter 11 process to "focus on recovering all obligations owed to BlockFi by its counterparties, including FTX and associated corporate entities"

Writer who accused Trump of rape files upgraded lawsuit in New York

A writer who accused former President Donald Trump of rape filed an upgraded lawsuit against him on Thursday in New York, minutes after a new state law took effect allowing victims of sexual violence to sue over attacks that occurred decades ago. E. Jean Carroll's lawyer filed the legal papers electronically as the Adult Survivor's Act temporarily lifted the state's usual deadlines for suing over sexual assault. She sought unspecified compensatory and punitive damages for pain and suffering, psychological harms, dignity loss and reputation damage. Carroll, a longtime advice columnist for Elle magazine, first made the claim in a 2019 book, saying Trump raped her in the dressing room of a Manhattan luxury department store in 1995 or 1996. Trump responded to the book's allegations by saying it could never have happened because Carroll was not my type." His remarks led Carroll to file a defamation lawsuit against him, but that lawsuit has been tied up in appeals courts as judges decid

As rents plummet, Hong Kong loses top spot for luxury shopping to New York

Manhattan's Upper Fifth Avenue is now the priciest street globally for shopping, Hong Kong's Tsim Sha Tsui district comes second

Biden approves emergency declaration for New York after historic snowfall

The White House said that US President Joe Biden had approved an emergency declaration for the state of New York after historic snowfall

Two arrested after Twitter posts threat to 'shoot up a synagogue'

Two men who were arrested at New York's Penn Station after authorities spotted social media posts about attacking a synagogue represented a real danger to the city's Jewish community, Mayor Eric Adams said Monday. This was not an idle threat," Adams said at a news conference where he was joined by officials from the FBI, the Metropolitan Transportation Authority and other agencies involved in the arrests early Saturday of Christopher Brown, 21, and Matthew Mahrer, 22, on charges including criminal possession of a weapon. This was a real threat, he said. According to the criminal complaint against him, Brown made a series of threats on Twitter including, on Thursday, Gonna ask a Priest if I should become a husband or shoot up a synagogue and die," and then on Friday, "This time I'm really gonna do it. Authorities linked the tweets to Brown, of Aquebogue, on Long Island, and identified Mahrer, of Manhattan, as an associate, said Michael Driscoll, head of the FBI's New York office. A

Massive snowfall in New York due to lake-effect storm near Lake Erie

Piles of snow, in some places taller than most people, buried parts of western and northern New York as a lake-effect storm pounded areas east of Lake Erie and Lake Ontario for a third straight day Saturday, with possibly even more to come. Snowfall totals as high as 77 inches (196 cm) were reported in the Buffalo suburb of Orchard Park, home to the NFL's Buffalo Bills. Partway across the state, the town of Natural Bridge, near the Fort Drum Army base, reported just under 6 feet (1.8 metres). The snowfall in some spots ranked among the highest ever recorded in the area, rivalling the eye-popping amounts that fell during similar storms in 2014 and 1945. The snowfall totals, which began accumulating Thursday night in some spots, would be on the order of historic not only for any time of year but for any part of the country, said National Weather Service meteorologist Frank Pereira, at NWS headquarters in College Park, Maryland. The lake-effect storm, caused by cold air picking up ...

Adani planning to open family office in Dubai or New York to manage wealth

Adani family is currently talking to consultants and tax experts about the plans; location of the office is still in flux, and may change based on the advice they receive and availability of resources

Wealthy Indians buying properties in Dubai, London, NY for better prices

Anuj Puri, chairman of Anarock Property Consultants links wealthy Indians buying abroad to their purchasing power

Starbucks co-founder Zev Siegl spills the beans about building a brand

Starbucks co-founder Zev Siegl, who was on a visit to India to attend Global Investors Meet in Bengaluru, was seen at a restaurant enjoying filter coffee and masala dosa

Rushdie lost sight in an eye, use of one hand after Aug attack: Report

Salman Rushdie has lost his sight in one eye and the use of one hand after the attack he suffered while preparing to deliver a lecture in the US' New York state two months ago, his agent has confirmed

Diwali begins in US from Times Square; Harris, Trump to celebrate on Friday

Diwali celebrations have started in the United States from the iconic Times Square in New York, with the US Vice President Kamala Harris and former president Donald Trump celebrating the festival of lights at their residences on Friday. Eminent Indian-Americans from across the country started flying into the American Capital from Thursday night which now appears to be a week-long Diwali celebration by the Biden Administration and members of the Congress. Harris and the Second Gentleman have invited scores of eminent Indian-Americans, diplomats and members of the administration for the Diwali celebrations at VP residence on Friday. Three days later, US President Joe Biden and the First Lady Dr Jill Biden have invited Indian-Americans at the White House to celebrate the Diwali on Monday, October 24, itself. The Secretary of State Tony Blinken is hosting another Diwali party at the State Department with the diplomatic community on October 26. Diwali is also being celebrated at the US

Diwali to be public school holiday in New York City starting 2023

Diwali will be a public school holiday in New York City starting 2023 with Mayor Eric Adams saying this sends a message about the significance of the city's inclusiveness and the long overdue step will encourage children to learn about the festival of lights. Adams, joined by New York Assembly Member Jenifer Rajkumar and New York City Schools Chancellor David Banks, said on Thursday that in his conversations during the campaign trail, he learned so much about Diwali and what the festival of lights means. He said through declaring Diwali a holiday in New York City public schools, We wanted to send a loud and clear message to the countless number of people who acknowledge this period of time of celebration. At the same time, this is an educational moment because when we acknowledge Diwali, we are going to encourage children to learn about Diwali. We're going to have them start talking about what it is to celebrate the festival of lights, and how to turn the light on within yourself, h

New York Attorney General moves court to block Trump from moving assets

New York Attorney General Letitia James has asked a state court to block the Trump Organization from moving its assets from Manhattan to an entity in Delaware and continuing "it's decade long fraud"

American Tower Corp weighs offer for stake in Vodafone Towers unit

American Tower Corp. is weighing entering the race for a stake in Vodafone Group Plc's €13 billion ($12.6 billion) wireless towers unit, people familiar with the matter said.

IBM announces $20 billion investment in New York for high-tech projects

Arvind Krishna, CEO of International Business Machines announced a $20 billion investment in quantum computing, semiconductor manufacturing and other high-tech areas in its New York state facilities