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Oil prices were on track for a weekly decline on Friday

Malawi losing 1.7% of GDP annually to climate shocks, warns regional conference

Malawi is currently losing an estimated 1.7% of its gross domestic product (GDP) every year due to climate‑related shocks, a figure expected to rise sharply if global warming continues unchecked.

FAO warns Gulf conflict causing one of the fastest shocks to global food, fertiliser markets

The intensifying conflict in the Persian Gulf has triggered one of the most rapid and severe disruptions to global commodity flows in recent history, the United Nations (UN) Food and Agriculture Organisation (FAO) warned on Thursday.