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On Sunday, the Turkish ship TQ Samsun left the port of Odesa in Ukraine carrying 23,500 metric tons of corn and 15,300 metric tons of rapeseed to the Netherlands under the final hours of the Black Sea grain deal.

Microsoft's appeal against Britain's block on its $69 billion takeover of Activision Blizzard was formally paused by a London tribunal on Monday, to give the parties more time to resolve the dispute. Microsoft, Activision and Britain's competition regulator, the Competition and Markets Authority (CMA), had all asked for a two-month stay of the case after the CMA said it would consider a modified deal put forward by Microsoft. The Competition Appeal Tribunal (CAT) ruled on Monday that the full hearing of Microsoft's appeal, which was due to begin on July 28, should be adjourned.

Glow Capital, the investment house run by former Quadrant Private Equity deal maker Justin Ryan, has closed its first deal after acquiring a controlling stake in Melbourne-headquartered clothing supplier Cargo Crew.

WASHINGTON—U.S.-based companies won relief from two pieces of the global minimum tax deal, and the changes will delay or reduce the taxes they are set to pay to foreign countries. Under the updated agreement negotiated by the Treasury Department, companies will have an extra year—through 2025—before foreign countries can start imposing new taxes on any U.S. companies deemed to pay too little tax in the U.S.

Investing.com — United Airlines Holdings (NASDAQ:UAL) shares rose on Monday after the U.S. carrier reached a labor deal over the weekend with its pilots that will see the workers receive a significant jump in pay.

Russia halted an unprecedented wartime deal on Monday that allows grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and high food prices have pushed more people into poverty.

Black Sea export of grain from Ukraine «will worsen food security and harm millions,» the White House said on Monday.

Russia must renew the Black Sea Grain initiative and commit to its full implementation, a spokesperson for Britain's foreign ministry said on Monday after the Kremlin halted its participation in the grain export deal. «By unilaterally forcing the collapse of the BSGI, Russia has used food as a weapon and is preventing grain reaching those who need it most,» the spokesperson said in a statement.

By Abdi Sheikh and Aaron Ross

By Guy Faulconbridge

food crisis amid the Ukraine-Russia war hit a stumbling block on Monday as Moscow backed out of a UN-brokered deal. Kremlin spokesman Dmitry Peskov told reporters on a conference call that the Black Sea agreements which allowed export of Ukrainian grain had ‘ceased to be valid today’. The development came mere hours after it accused Ukraine attacking the Crimean Bridge.

«Basically we are looking at the deal to be more or less neutral given it is announced close to the current market price,» says Nikhil Choudhary, Nuvama Institutional.What is your first take as far as this deal is concerned do you see it as a bit of a negative for the minority shareholders?Basically we are looking at the deal to be more or less neutral given it is announced close to the current market price. This will provide Route entry into the developed market given Route's primary revenue base is currently in the emerging market. This will help them scale from a distant fifth, sixth number player to now a third communications service provider player.

Sony Playstation platform following the acquisition of Activision Blizzard.  With the agreement, the company seeks to address regulators’ concerns that the merger would make more Activision games — such as the massively popular shooting-game franchise — exclusive to Xbox. The US Federal Trade Commission (FTC) had earlier argued the deal would hurt consumers whether they played video games on consoles or had subscriptions because Microsoft would have an incentive to shut out rivals like Sony Group. The announcement was made by Microsoft gaming chief Phil Spencer via a post on micro blogging site Twitter.

In an email seen by the news outlet, the New York based alternatives manager has decided not to accept Liontrust’s takeover offer of the firm.

United Arab Emirates to promote local currencies, India has reportedly struck a similar deal with Indonesia, with both countries working on a real-time payment mechanism and local currency trade. A TOI report says that the governments are also looking to expand the scope of digital payments between the countries, bringing the use of UPI and similar tools to the forefront.

Traditional owners embroiled in a high-stakes legal battle with Andrew Forrest’s Fortescue Metals Group have signed a deal to develop one of Australia’s biggest renewables projects in partnership with Philippines-listed ACEN.

By Valerie Volcovici and David Stanway

Medecins Sans Frontieres has said. “The deal remains just a stop-gap because bedaquiline will only be available to a limited number of countries that will be included in this agreement, procuring through the Global Drug Facility,” Christophe Perrin, TB advocacy pharmacist at Medecins Sans Frontieres (MSF) Access Campaign, said in a statement. According to MSF, nine countries in East Europe and Central Asia with high burden of drug-resistant TB are excluded from this deal. “While the included list of countries has yet to be made public, we have learned that the nine countries in the Eastern Europe and Central Asia (EECA) region, which have some of the world’s highest burden of drug-resistant TB, are excluded from this deal,” Perrin said. “The full terms of the agreement still need to be made public,” he said. Perrin said Johnson & Johnson (J&J) should announce it will not enforce any secondary patents on bedaquiline in any country with a high burden of TB, and withdraw and abandon all pending secondary patent applications for this lifesaving drug.

Investing.com — Here is your Pro Recap of 4 head-turning deal dispatches you may have missed last week: uncertainties loom around the Microsoft-Activision deal; Broadcom-VMware receives EC approval; Exxon Mobil to acquire Denbury; and Stratasys receives a sweetened offer from 3D Systems.

Optus has been on a tear. First, the telecommunications company spoiled Telstra’s plan to boost its coverage in the bush with airspace from TPG Telecom by convincing the Australian Competition Tribunal it would be bad for the marketplace.