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Global Markets: Food stocks dwindle in Gaza

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Published: March 5, 2025

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.

 

  • Food stocks and other supplies are reportedly running out in Gaza, with the embattled Palestinian enclave reportedly at the brink of starvation as aid shipments have been blocked by Israeli forces aiming to pressure Hamas to accept a ceasefire proposal, reports humanitarian groups. The United Nations food agency says it only has two weeks worth of supplies in Gaza.

 

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  • United States President Donald Trump gave a speech to Congress Tuesday evening maintaining his stance on imposing tariffs, claiming the U.S. was treated unfairly by its trade partners. However, U.S. Commerce Secretary Howard Lutnick told media that a compromise was possible with Canada and Mexico, implying an announcement easing the U.S. trade actions could come as early as today.

 

  • Political tensions in Serbia saw smoke bombs and flares thrown in its parliament on Tuesday, injuring at least three lawmakers. Opposition parties were calling for a general strike and claim the ruling party was acting illegally by attempting to push through legislation without first confirming the resignation of Prime Minister Milos Vucevic and his government.

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