01 - Preheat the oven to 325°F (160°C).
02 - Pat beef dry with paper towels and season evenly with salt and black pepper.
03 - Heat olive oil in a large Dutch oven over medium-high heat. Brown beef chunks on all sides in batches, then transfer to a plate.
04 - Reduce heat to medium. Add sliced onions and carrots to the pot and cook, stirring occasionally, until onions are golden and softened, about 10 to 12 minutes.
05 - Stir in minced garlic and tomato paste, cooking for 1 minute until fragrant.
06 - Pour in dry red wine, scraping the pot bottom to release browned bits. Simmer for 2 to 3 minutes to reduce slightly.
07 - Return browned beef to the pot. Add beef broth, bay leaves, and dried thyme. Bring to a gentle simmer on the stovetop.
08 - Cover with lid and place in preheated oven. Braise for 2 to 2½ hours until beef is fork-tender.
09 - Remove bay leaves, adjust seasoning to taste, and garnish with chopped fresh parsley before serving.