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FT News Briefing

The return of the rice crisis

Oct 30, 2023
09:59
Snipd AI
Israel expands ground offensive in Gaza to destroy Hamas. Tech companies dominate global stocks. World facing rice crisis due to export bans and climate change impact. Discusses the reasons for US stock dominance and alternative indexes. Compares current rice crisis to the one in 2007-2008.
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Podcast summary created with Snipd AI

Quick takeaways

  • Israel has entered a new phase of its war against Hamas in Gaza, aiming to minimize Hezbollah's involvement in the conflict.
  • The dominance of just seven tech giants in the stock market raises concerns about the reliability of using indexes to measure the overall economy.

Deep dives

Israel expands ground offensive in Gaza

Israel has entered the second stage of its war with Hamas, with combat operations continuing in the north of the Gaza Strip. The death toll in Gaza has risen to over 8,000 Palestinians since the start of the Israeli offensive. Israel's gradual build-up is aimed at reducing the likelihood of involvement by the Iranian-backed militant group Hezbollah.

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