Palm prices seen falling 23% in 2023 as output rises, but Indonesia to keep supply tight

By Mei Mei Chu and Rajendra Jadhav KUALA LUMPUR (Reuters) -Malaysian palm oil prices are set to fall for the first time in three years in 2023 amid a mild recovery in production, but will likely remain above pre-pandemic levels as Indonesian policies constrict global supplies, Reuters poll showed. Benchmark palm prices will average 3,800 …

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India likely to keep lid on sugar exports as output dips- sources

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) -India is not looking at allowing more sugar exports, government and industry officials said on Thursday, dampening speculation that the world’s biggest producer of the sweetener would permit a second tranche of overseas shipments. India, the world’s biggest sugar exporter after Brazil, exported a record 11 …

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Trade unions call for more strikes over Macron’s pension reform

By Antony Paone and Benoit Tessier PARIS (Reuters) -More than a million people marched through French cities on Thursday to denounce President Emmanuel Macron’s plans to raise the retirement age, with a wave of nationwide strikes halting trains, blocking refineries and curbing power generation. Buoyed by their success, the country’s leading trade unions called for …

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On your bike! Paris commuters take to two wheels to beat strike

PARIS (Reuters) – Paris commuters took advantage of the capital’s newly expanded network of bicycle lanes on Thursday to pedal into town and bypass a public transport system severely disrupted by nationwide strikes against pension reform plans. Workers across France walked off their jobs, leaving almost no local or regional trains running and wreaking havoc …

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Embattled U.S. Rep. George Santos was drag queen in Brazil pageants, associates say

By Steven Grattan SAO PAULO (Reuters) -U.S. Representative George Santos competed as a drag queen in Brazilian beauty pageants 15 years ago, two acquaintances told Reuters on Wednesday, adding to contrasts that have drawn criticism of the openly gay Republican congressman’s staunchly conservative views. The embattled freshman congressman has also faced calls from fellow New …

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Mexico’s Banorte sees profitability boost for 2023, following strong Q4

MEXICO CITY (Reuters) -Mexico’s Grupo Financiero Banorte expects to grow its profitability in 2023, it said on Thursday, after reporting a 28% year-on-year increase in fourth-quarter net income. The bank forecasts a net income this year of between 50.5 billion pesos and 52.5 billion pesos, it said in a presentation, up from the 45.4 billion …

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Florida schools will not offer AP African American Studies course

By Sharon Bernstein (Reuters) – Florida will not allow high school students to take a new Advanced Placement (AP) class in African American Studies, saying in a letter to College Board, the nonprofit that develops the courses, that the pilot version “lacks educational value.” The letter to the educational nonprofit – which runs the Advanced …

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Chile’s LATAM airline sees 2023 revenue taking off, up at least 15%

(Reuters) -LATAM Airlines, South America’s largest carrier, sees double-digit revenue growth this year, according to company guidance published in a statement on Thursday, as many airlines chart a more profitable future amid pent up demand from travelers. The Chile-based airline’s revenues are expected to reach between $11 billion and $11.5 billion by the end of …

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