El Niño is hitting on cane productions especially in Asia, leading to a global shortage and the rise in prices. This would be the first year of sugar shortage after years of surplus. The shortage is projected to be prolonged to at least next year.
Breaking News
New York's first micro-units apartment building will be launched in March. Smaller apartments are getting more popular as a living alternative because of the lower cost. New York City ranked second in a list of cities with the highest rents.
The Shanghai Disneyland's ticket prices would be 20 percent cheaper than Hong Kong Disneyland at 539 yuan, even though the Shanghai's area would be much larger. After being constructed for more than six years, the park would be ready to open for public this summer with possible further expansion.
A report in The Australian gave Apple aficionados the lowdown on the iPhone 5C and iPhone 5S.
Gold prices, after a previous period of decline, is now on the rise, recently topping the USD1,400 level.
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