Sugar prices spiked to their highest level in more than 30 years as a massive tropical cyclone slammed into the northeast coast of Australia, the world’s third-biggest exporter of the sweetener. Raw sugar futures jumped 4% to settle at 35.31 cents a pound on Wednesday after trading as high as 36.11 cents. Get the full story »
Inside these posts: Australia
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‘Operation Oprah’ storms Sydney
Oprah Winfrey’s visit to Sydney — or “Operation Oprah,” as they’re calling it — sounds a bit like a bio-hazard, rather than a visiting TV show from Chicago. But maybe that’s because of the way Australia’s Ten News correspondent reports it.
There is to be a maritime exclusion zone, a no-fly zone, road closures and re-routed public transport in the “operational footprint.”
