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palm oil prices relative to other edible oils in the near term, according to veteran trader Dorab Mistry. Production in top grower Indonesia may fall by at least a million tons in 2024, while Malaysian output could remain flat, said Mistry, a director at Godrej International Ltd. The trend is likely to last at least five years, as the industry contends with aging trees, erratic weather and little improvement in farming practices, he said in an interview. “I think you have to be reasonably bullish on all oils, but particularly palm,” due to output constraints, he said on the sidelines of the Palm & Lauric Oils Price Outlook Conference in Kuala Lumpur. While production of other oilseeds is set to climb this year, “palm is unfortunately the laggard,” he said.

By Neil Jerome Morales and Mikhail Flores

China will on Tuesday set a goal of five percent gross domestic product growth for the year, an official copy of a government work report seen by AFP showed, one of its lowest in decades and in line with last year. The GDP target is set to be officially unveiled later in the day at a meeting of the National People's Congress, China's parliament.

NEW DELHI : The Centre is planning to create a new system to identify and contain the flood of counterfeit goods in the retail market, two people aware of the development said. The surveillance system will ensure that every good sold in the retail market meets the standards for which a licence was issued, and also that only authorized products are manufactured, the people added. If deviations are noticed, manufacturers’ licences may be cancelled, and they may also have to pay hefty penalties.

By Luc Cohen

You have to wonder why Canadians are investing their money outside the country like never before.

Most economists agree that it’s just a matter of time before the Bank of Canada cuts interest rates. But, as the bank prepares to unveil its latest rate decision on Wednesday, at least one is warning that the potential for a hot spring housing market and a stimulative federal budget could push the timeline for those cuts back to the fall.

Homes priced at under $500,000 are becoming a rarity in Ontario, with fewer than one in five dwellings falling under that threshold, new data from a government-run property assessment group shows.

Mining giant Rio Tinto Ltd. “would love” to produce lithium in Canada, given the right project, says chief executive Jakob Stausholm.

Asset Reconstruction Company (NARCL) has emerged as the most active player in the market for bad loans last two months following a change in leadership, said people from the banking industry. In four months, the ARC has given binding offers for eleven companies to acquire over Rs 30,000 crore of stressed loans from commercial banks, more than double the amount it acquired since it started operations two years ago. NARCL has been playing an active role after former State Bank of India managing director Diwakar Gupta took charge as its chairman in the first week of December 2023, replacing Karnam Sekar, banking industry officials said. Before this, Gupta was chairman of India Debt Resolution Company (IDRCL) — an agent for NARCL. Sekar resigned last August as chairman soon after IDRCL proposed to the finance ministry to merge NARCL with IDRCL, which did not materialise.

engagement of apprentices across establishments in industrial clusters. The skill development and entrepreneurship ministry is finalising the process of selecting industry clusters across the identified states and handholding them through financial aid as well as infrastructure creation to help them participate in a formal apprenticeship system, said a senior government official. «Top officials of the Ministry of Skill Development and Entrepreneurship held the first meeting with industrial clusters in Gujarat, Delhi and Haryana to nudge micro, small and medium enterprises to engage more apprentices as the country aims to fast-track creation of a skilled workforce,» said the official, who did not wish to be identified.

Busy restaurants have a message for customers: Come dine with us. Leave your extra friends at home. The eateries want your business, of course.

The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts in the coming months.

NDTV. According to the report, Ankit Kumar, with his wife and his friends, was at the Laforestta Cafe in Gurugram's Sector 90. After the meal, all of them consumed the mouth freshener and then were seen screaming and crying in pain and discomfort. Even one of the men started vomiting on the restaurant floor while a woman put ice in her mouth, repeatedly saying, "It's burning." ALSO READ: Karnataka news: 3 minor students, entering exam hall, attacked with acid in Mangaluru "We don't know what they have mixed (in the mouth freshener).

A court in Montenegro has ruled that Terraform Labs founder Do Kwon should be extradited to the United States to face fraud charges rather than to his native South Korea.

natural gas pipeline infrastructure in its northeastern states and northern federal territories of Kashmir and Ladakh, a minister said on Monday. India, one of the world's biggest emitters of greenhouse gases, is seeking to boost the use of cleaner fuel to cut its carbon emissions and has set a 2070 goal for net zero carbon emissions. Prime Minister Narendra Modi is targeting raising the share of natural gas in India's energy mix to 15% by 2030 from the current 6.2%. Natural gas, while still a fossil fuel, emits less CO2 than coal.

195 candidates who will be contesting the upcoming Lok Sabha elections 2024. The first list featured Prime Minister Narendra Modi, 34 Union ministers including Amit Shah, Rajnath Singh and Smriti Irani. The first list had names of candidates from 16 states and two Union Territories.

Associated Press. According to the report, Apple banned app developers from "fully informing iOS users about alternative and cheaper music subscription services outside of the app," said the European Commission. Under the EU antitrust rules, that is illegal.

Tata Motors, on Monday, said that the board of directors has approved the proposal of demerger of Tata Motors Ltd into two separate listed companies housing. One entity will encompass the Commercial Vehicles business along with its associated investments, while the other will include the Passenger Vehicles businesses, comprising PV, EV, JLR, and their associated investments. This demerger will be executed through an NCLT scheme of arrangement.

Central Board of Secondary Education (CBSE) Monday conducted its Class 12th Physics board exam 2024. The three-hour question paper started at 10.30 am and concluded at 1.30 pm. The Physics theory paper was worth 70 marks in total.

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