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Drought spells 'catastrophe' for Spain's olive harvest
Drought spells 'catastrophe' for Spain's olive harvest
by  AFP

An ongoing drought and soaring temperatures have unleashed fears of an olive "catastrophe" in Spain, the world's largest producer of olive oil, which suffered a very difficult year in 2022. "This happened as the olive trees were in bloom," says Rafael Pico, director of Asoliva, the Spanish association of olive oil producers and exporters, who fears the blooms will dry up.

Asian markets mostly down as US inflation moves into focus
Asian markets mostly down as US inflation moves into focus
by  AFP

Asian markets struggled Tuesday as investors eyed the release of US inflation data later in the week that could play a key role in shaping the Federal Reserve's interest rate plans. National Australia Bank's Rodrigo Catril said: "The survey revealed a modest deterioration in lending standards to business at a rate that was slightly higher than in January.

Biden urges 'fair deal' for striking Hollywood writers
Biden urges 'fair deal' for striking Hollywood writers
by  AFP

US President Joe Biden said Monday he wants to see striking movie and television writers in Hollywood promptly get a "fair deal" on contract negotiations. "I sincerely hope the writers' strike in Hollywood gets resolved and writers are given the fair deal they deserve as soon as possible," he said during a film screening at the White House in honor of the Asian-American community.

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