India offered sugarcane sop vastly in excess of WTO limits: US and Australia

India offered sugarcane sop vastly in excess of WTO limits: US and Australia

New Delhi: US and Australia alleged India of giving subsidies to sugarcane farmers far exceeding limits set in global trade norms.The two countries told the WTO that they estimated that over the period 2018-19 to 2021-22, New Delhi provided sugarcane subsidy between 91-100%, which was “vastly in excess of the limits set out” at 10% … Read more

30 countries keen on partnership ties with BRICS: Russian Foreign Minister Lavrov

30 countries keen on partnership ties with BRICS: Russian Foreign Minister Lavrov

Moscow: Russian Foreign Minister Sergey Lavrov on Tuesday said that 30 countries have expressed their interest in establishing partnership ties with the BRICS grouping. Lavrov said Moscow expects a wide range of solutions to be developed ahead of the group’s next summit, set to take place in the Russian city of Kazan in October next … Read more

World’s top sugar trader is having deja vu of an epic shortage thanks to non-contributory India

World’s top sugar trader is having deja vu of an epic shortage thanks to non-contributory India

For global sugar markets, it’s beginning to look a lot like one of the worst shortages in history. Consecutive years of deficits, weather damage in key crops and shipping bottlenecks are reminding the world’s top sugar trading company of 2010 and 2011, when prices of the sweetener hit a three-decade high. “Current conditions are eerily … Read more

US should stop ‘encouraging’ Ukraine war, Brazilian president says | CNN

US should stop ‘encouraging’ Ukraine war, Brazilian president says | CNN

CNN  —  Brazilian President Luiz Inacio Lula da Silva said on Saturday that the United States should stop “encouraging” the war in Ukraine. “The United States needs to stop encouraging war and start talking about peace; the European Union needs to start talking about peace so that we can convince Putin and Zelensky that peace … Read more

Bolsonaro claims he won’t lead opposition as he returns to Brazil for first time since riots | CNN

Bolsonaro claims he won’t lead opposition as he returns to Brazil for first time since riots | CNN

Brasilia, Brazil CNN  —  Brazil’s former president Jair Bolsonaro on Wednesday claimed he would no longer lead the country’s opposition as he boarded a flight home for the first time since his election defeat that culminated in thousands of his supporters rioting in protest at the result. Bolsonaro, who denies inciting violent attacks in the … Read more

US Congressmen want law against sugar subsidies, say countries like India give billions of dollars to support its inefficient sector

US Congressmen want law against sugar subsidies, say countries like India give billions of dollars to support its inefficient sector

Two US Congressmen have introduced legislation in the US House of Representatives against the subsidies on sugar given by countries including India. Lawmakers Kat Cammack and Dan Kildee argued the these subsidies given by countries like India , Brazil, Russia, Mexico as well as the European Union harm American farmers and the US sugar market. … Read more

Brazil’s former President Jair Bolsonaro applies for six-month US tourist visa | CNN

Brazil’s former President Jair Bolsonaro applies for six-month US tourist visa | CNN

CNN  —  Former Brazilian President Jair Bolsonaro is seeking a six-month tourist visa to remain in the United States, the law firm representing Bolsonaro confirmed to CNN Brasil on Monday. The request was filed on Friday, January 27, AG Immigration told CNN Brasil, and comes amid reports that he arrived to the US on an … Read more

Argentina and Brazil are discussing a common currency. Don’t hold your breath | CNN Business

Argentina and Brazil are discussing a common currency. Don’t hold your breath | CNN Business

London CNN  —  The two biggest economies in South America are starting talks to create a common currency. Analysts are skeptical. Brazil’s President Luiz Inacio “Lula” da Silva and Argentina’s President Alberto Fernández wrote in a joint piece published in Argentinian paper Perfil Sunday that they wanted to foster greater integration between the two neighbors. … Read more

Brazil investigates who led anti-democratic riots in capital

Brazil investigates who led anti-democratic riots in capital

Protesters, supporters of Brazil’s former President Jair Bolsonaro, storm the the National Congress building in Brasilia, Brazil, on January 8, 2023. | Photo Credit: AP Brazil’s Supreme Court late on January 9 removed the governor of Brasilia from office for 90 days due to flaws in security in the capital, after thousands of backers of … Read more