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Global trade collapse adds to Australia's economic strain

New cost of living data for September 15 reveal retiree outlays rose as electricity and insurance prices rose. Almost half of Australians in shared rental housing are at least 40 years old. Global fuel price spikes triggered protests in several countries. In Syria, price hikes led to the most widespread demonstrations since Assad fell.

Australia faces economic strain as global trade rules collapse, according to Nine.com.au. A Guardian report stated the Iran war cost the United States $38 billion and exhausted its missile inventory.

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