Sugar prices pop to 11-year high

Raw sugar prices reached an 11-year high this week, trading data showed. Analysts have pointed to adverse weather and a drop in output by major producers as among the reasons behind the spike. The cost of May futures on the Intercontinental Exchange (ICE) surged past $0.27 per pound on Thursday, the highest price since mid-2011.…

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BRICS economies now larger than G7 – Putin

The Russian president says the economic group is crucial to the formation of a multipolar world The BRICS nations have overtaken G7 states in terms of the purchasing power parity (PPP) of their populations, Russian President Vladimir Putin said on Monday in an interview with China Media Group.

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MPs propose clampdown on ‘Airbnb’ style rentals

New legislation aims to protect permanent residents in apartment blocks from discomfort caused by constant tenant turnover Russian apartment owners may soon have to get permission from their neighbors before renting out their property on a per-day basis, according to a new bill being debated by the country’s lawmakers.

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