Statistics South Africa released its latest Quarterly Labour Force Survey, which revealed that more women than men are unemployed. South Africans weighed in.
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Free trade deal between EU and Australia collapses
A free trade deal between the European Union and Australia has unravelled despite early optimism, with Canberra saying Monday it could take years until negotiations resume. A European Commission spokesperson said it had been optimistic of striking a deal in Osaka, but that Australia had "re-tabled agricultural demands that did not reflect recent negotiations".
Drought and shrinking herds push US beef prices through the roof
A prolonged drought is shrinking livestock herds and driving beef prices to record highs in the US, even as consumption is growing stronger. Incentivized by record prices, many breeders are parting with their heifers earlier, which prevents the herd from growing, according to Baldwin.
US Fed likely to pause again with rates at 22-year high
The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks to tackle inflation without damaging the resilient US economy.
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