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India’s Maharashtra state to produce less sugar as mills close early

By Rajendra Jadhav MUMBAI (Reuters) -India’s top sugar-producing state, Maharashtra, could churn out nearly 16% less sugar than the previously estimated as mills are closing early due to limited availability of sugar cane, a senior state government official told Reuters on Monday. Lower sugar output could prevent the world’s second-biggest exporter from allowing additional exports, …

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The $15 billion scramble for Japan’s Toshiba went from bang to whimper

By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Toshiba Corp’s auction was supposed to ignite a race for top-dollar bids among global private equity firms. Instead, it brought months of uncertainty and a solitary, scaled-back offer from the company’s business partners in Japan. The $15 billion bid, led by domestic buyout firm Japan Industrial Partners …

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Ukraine shuts ‘post-apocalyptic’ battlefield town to civilians

By Dan Peleschuk KYIV (Reuters) – Ukraine shut the eastern town of Avdiivka to non-military personnel on Monday, describing it as a post-apocalyptic wasteland, as Kyiv tried to break the back of Russia’s flagging winter offensive before a counter-assault of its own. A Ukrainian general said Kyiv was planning its next move after Moscow appeared …

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Exclusive-US plans ultimatum in Mexico energy dispute, raising threat of tariffs

By Jarrett Renshaw and David Lawder (Reuters) – The Biden administration plans to send Mexico an “act now or else” message in coming weeks in an attempt to break a stalemate in an energy trade dispute as bipartisan calls grow for the U.S. to get tougher with its southern neighbor, according to people familiar with …

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