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Crude slips on easing worries of region-wide Middle East war
Crude slips on easing worries of region-wide Middle East war
by  AFP

Oil prices fell Monday as Israel stepped up ground attacks on Hamas targets in Gaza but held back from a full-on incursion, fanning hopes a wider conflict can be avoided. Thousands of civilians have been killed on both sides since the conflict was triggered by an unprecedented attack on Israel by Hamas on 7 October.

Free trade deal between EU and Australia collapses
Free trade deal between EU and Australia collapses
by  AFP

A free trade deal between the European Union and Australia has unravelled despite early optimism, with Canberra saying Monday it could take years until negotiations resume. A European Commission spokesperson said it had been optimistic of striking a deal in Osaka, but that Australia had "re-tabled agricultural demands that did not reflect recent negotiations".

Drought and shrinking herds push US beef prices through the roof
Drought and shrinking herds push US beef prices through the roof
by  AFP

A prolonged drought is shrinking livestock herds and driving beef prices to record highs in the US, even as consumption is growing stronger. Incentivized by record prices, many breeders are parting with their heifers earlier, which prevents the herd from growing, according to Baldwin.

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