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Ukraine conflict may hike long-term grain prices 7%: study
Ukraine conflict may hike long-term grain prices 7%: study
by  AFP

Russia's invasion of Ukraine may cause long-term grain prices to rise seven percent, according to a study on Monday showing how expanded production elsewhere to compensate would lead to higher greenhouse gas emissions. Figures from the UN's Food and Agriculture Organization show food prices are currently more than 10 percent higher than they were a year ago.

Lebanon currency hits new low, sparking protests
Lebanon currency hits new low, sparking protests
by  AFP

The Lebanese pound fell to a new low against the US dollar on the black market Monday as a severe economic downturn has sparked bank hold-ups by angry depositors and anti-government protests. For decades, the Lebanese pound was pegged at 1,507 to the dollar, meaning that it has lost around 95 percent of its black market value since 2019.

Switzerland signs contract for 36 US fighter jets
Switzerland signs contract for 36 US fighter jets
by  AFP

Switzerland signed a controversial contract on Monday to buy 36 US F-35 stealth fighter jets at a cost of more than six billion francs ($6.2 billion). The selection of the F-35 by the Swiss government in June 2021 sparked some controversy, particularly in light of the cost-overruns of the fighter programme in the United States.

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