The Guardian·4 min read·medium
Global food prices hit three-year high as heatwaves and conflict push up cost of crops - business live
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Graeme Wearden, Gwyn Topham
✦AI Summary
Global food prices have reached a three-year high due to climate-driven heatwaves and geopolitical conflicts. Meanwhile, US labor data shows a cooling market, complicating the Federal Reserve's interest rate strategy.
US employers unexpectedly lost 23,000 jobs in July and gains for the previous two months were revised down sharply by a combined 103,000 jobs, painting a weaker picture of the labor market than past data indicated.
businesseconomyfoodclimate
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