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الشارقة 24
Hormoz disruptions impact sulfur and food security
The article focuses on global market developments and their impacts on the worldwide economy. It discusses a wave of decline in Asian stocks to their lowest level in two months due to concerns over the Strait of Hormuz unrest and security fears. Meanwhile, European stocks are rising, led by banks, and oil prices are hovering near a two-week high. The article also highlights China's efforts to boost artificial intelligence technology to compete with America, and the European Union's moves to increase taxes or cut spending to fund defense. Additionally, it notes a 5.3% increase in bank lending growth in Japan during September and a report from the International Monetary Fund raising global growth forecasts to 3.1% in 2026.
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