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Sugar prices hit three-year lows as India allows exports

LONDON, Jan 20 (Reuters) – Sugar prices hit their lowest in more than three years on Monday on news that India, the world’s second largest producer of the sweetener, will allow 1 million metric tons of sugar exports in the current season that runs through to end-September. Reuters reported on Sunday that New Delhi was set to allow the exports in a bid to support sugar mills and prop up local prices of the sweetener, which had come under pressure in recent months. Although there had been speculation for weeks that exports would be allowed, the decision surprised some traders

Trump’s Musk-led advisory panel to face lawsuit, Washington Post reports

WASHINGTON, Jan 20 (Reuters) – Donald Trump’s government advisory panel, led by billionaire ally Elon Musk, will be sued soon after the incoming U.S. president is sworn in on Monday, the Washington Post reported, citing a copy of the planned complaint by a public interest law firm. In a 30-page complaint obtained by The Washington Post ahead of its filing, the public interest law firm National Security Counselors says that the nongovernmental DOGE panel is breaking a 1972 law that requires advisory committees to the executive branch to follow certain rules on disclosure, hiring and other practices. Shortly after the

Pakistan’s largest airport becomes operational, part of the Chinese Belt and Road Initiative

QUETTA, Pakistan, January 20, 2025 (AP) — Pakistan’s largest airport, funded and built in the country’s restive southwest by Beijin g, has become operational, officials said Monday. Gwadar airport is in the province of Balochistan, which has for decades been the scene of an insurgency by separatists demanding autonomy or outright independence. Pakistani Defense Minister, Khawaja Mohammad Asif, and Chinese officials were among those attending a ceremony at Gwadar airport and watched the arrival of the Pakistan International Airlines inaugural flight from the southern city of Karachi. The ceremony came months after Chinese Premier Li Qiang and his Pakistani counterpart

India to shift focus to railways from road transport in infrastructure push, say sources

NEW DELHI, Jan 20 (Reuters) – India will bump up spending on the modernisation of its railways in the upcoming federal budget while marginally increasing allocations to road building, two government sources said. Prime Minister Narendra Modi’s government has ramped up infrastructure spending, particularly on the road network, since the pandemic to drive economic growth, but execution challenges could see the focus shift to the railways, the sources said. Finance Minister Nirmala Sitharaman will present the 2025/26 budget on Feb. 1. The sources requested anonymity as they are not authorised to speak to the media about the budget discussions. India’s

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