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The Gaza Strip faces immense devastation due to the Israel-Hamas war. One in ten people have been killed or injured. Nine out of ten are displaced. Buildings and homes are largely destroyed. Food scarcity is critical, with thousands dying from malnutrition. The conflict has resulted in widespread destruction and a humanitarian crisis.
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Asian shares opened higher, mirroring Wall Street's gains driven by AI-linked companies. Gold and oil saw slight declines following a reported Middle East peace deal. Investors are closely watching China's market reopening after a holiday break, balancing AI enthusiasm against cautious consumer spending data.
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Donald Trump's administration announced an imminent Gaza deal, a culmination of behind-the-scenes pressure on Benjamin Netanyahu and Arab leaders. Trump leveraged Arab unity after an Israeli attack on Hamas in Qatar to push for his peace plan, ultimately securing a Hamas offer on hostages.
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