Around the Globe

India weighs lifting ban on some crop futures trade

India is considering lifting its three-year ban on futures trading for seven agricultural commodities, including wheat and unprocessed rice. Recent studies indicate that the ban may not have effectively reduced price volatility, prompting discussions within government circles. Stakeholders are evaluating the pros and cons, with potential implications for market stability and the agricultural sector.

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Trudeau’s Resignation as Liberal Party Leader

Prime Minister Justin Trudeau announced his resignation as the Liberal Party leader, citing growing dissatisfaction and internal challenges. Trudeau will remain in office until a new leader is chosen. His resignation follows Finance Minister Chrystia Freeland’s departure, highlighting potential unrest. The Liberal Party now faces the task of selecting a new leader before the 2025 elections.

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Belgium’s king who abdicated over abortion issue now in beatification process

The Vatican begins the beatification process for Belgium’s King Baudouin, honoring his decision to abdicate temporarily rather than sign an abortion law. This move, supported by Pope Francis, highlights Baudouin’s strong moral conviction and adherence to Catholic values. The process will examine his life, actions, and potential miracles, reflecting a step toward sainthood.

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