In a big relief for tech giant Microsoft, the US Trade regulator has withdrawn its case to block the 69 billion dollar Microsoft Activision deal. The US trade regulator has been opposing the mega gaming deal, fearing that it could lead to unfair trade practices like monopoly.

US trade watchdog withdraws case against Microsoft

Infosys just sealed a game-changing deal worth a staggering 2 billion dollars. This five-year agreement revolves around the provision of artificial intelligence and automation services. Infosys is set to deliver a comprehensive range of AI-related development, modernisation and maintenance solidifying their position in the forefront of technological development.

Infosys lands five year Artificial Intelligence deal

A month after visiting the United States and signing a contract for the joint manufacture and technology transfer of a jet engine by GE Aviation, Prime Minister Narendra Modi's trip to France may result in the signing of a second jet deal. On July 13 and 14, Modi will be in France where he is the special guest for the Bastille Day Parade.

France's Safran to transfer 100% technology for Shakti engine

Microsoft's ambitious plan to acquire video game giant Activision Blizzard has reached a significant Milestone. The $69 billion deal has overcome major hurdles.

Microsoft's acquisition of Activision Blizzard receives approval

European Union ministers agreed on Thursday on how to share out the responsibility for looking after migrants and refugees, after 12 hours of negotiations got Italy and Greece to sign up to a deal that has eluded the bloc for nearly a decade.

EU ministers seal 'historic' migration deal

A bipartisan agreement was reached by a vote of 63-36 in the U.S. debt ceiling proceedings. Congress has approved a deal to raise the government's borrowing limit and prevent any catastrophic default on US debt repayments. President Joe Biden will enact the measure into law on June 5. What are the highlights of this deal? Listen in to Vikram Chandra.

USA debt ceiling deal passed

<p>In response to Russia's "violations" of the New START nukes deal, the US on Thursday took several countermeasures which included withholding updates on the "status or location of treaty-accountable items such as missiles and launchers," as per a US State Department press release Thursday.&nbsp;</p>

<p>This comes after Russian President Vladimir Putin in February this year said that Moscow was halting the nuclear arms control treaty. US and Russia have been under a constant state of friction ever since the war broke out in Ukraine leading both nations to take measures and countermeasures targeting each other.&nbsp;</p>

<p>Also Read | <a href="https://www.wionews.com/science/indian-scientists-discover-62-plants-that-can-live-without-water-in-western-ghats-599626">Indian scientists discover 62 plants that can live without water in Western Ghats</a></p>

<p>In the Thursday statement, the United States said that the nation will continue to provide Russia with notifications of intercontinental ballistic missile (ICBM) and submarine-launched ballistic missile (SLBM) launches in accordance with the 1988 Ballistic Missile Launch Notifications Agreement. But Washington will not be providing telemetric information on these launches.&nbsp;&nbsp;</p>

<h2><strong>Halting inspection activities</strong></h2>

<p>Another countermeasure was US refraining from facilitating New START Treaty inspection activities on its soil. It has done so by revoking existing visas issued to Russian New START Treaty inspectors and aircrew members.</p>

<p>Also Read | <a href="https://www.wionews.com/india-news/mumbai-2611-attack-accused-tahawwur-rana-challenges-extradition-to-india-599609">US: Mumbai 26/11 attack accused Tahawwur Rana challenges order of his extradition to India</a></p>

<p>To put a stop to any such inspection activities in the future also, Washington is also denying pending applications for such visas and is revoking the standing diplomatic clearance numbers issued for Russian New START Treaty inspection airplanes.</p>

<p>"Russia chose not to exercise its right to conduct inspection activities and has also denied the United States its right under the treaty to conduct inspection activities since August 2022, when it refused to accept a U.S. inspection," the statement read.&nbsp;</p>

<h2><strong>What is New START nukes treaty?&nbsp;</strong></h2>

<p>The treaty was signed in 2010 and was due to expire in 2026. Under the New START treaty's "Biannual Data Exchanges," the two nations are required to provide a declaration of deployed strategic delivery vehicles, launchers and warheads. The number is capped at no more than 1,550 strategic nuclear warheads and 700 land- and submarine-based missiles and bombers to deliver them.</p>

<p><strong>Watch | Hollywood star Bruce Willis' daughter Tallulah talks about her father's daily battle with dementia</strong></p>

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<p>It is important to note that as per US, the country continues to abide by the treaty’s central limits, and to fulfill all of its New START obligations that have not been included within these countermeasures.</p>

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In response to Russia's "violations" of the New START nukes deal, the US on Thursday took several countermeasures which included withholding updates on the "status or location of treaty-accountable items such as missiles and launchers," as per a US State Department press release Thursday.

In response to Russia's "violations" of the New START nukes deal, the US on Thursday took several countermeasures which included withholding updates on the "status or location of treaty-accountable items such as missiles and launchers," as per a US State Department press release Thursday. This comes after Russian President Vladimir Putin in February this year said that Moscow was halting the nuclear arms control treaty. US and Russia have been under a constant state of friction ever since the war broke out in Ukraine leading both nations to take measures and countermeasures targeting each other. Also Read | Indian scientists discover 62 plants that can live without water in Western Ghats In the Thursday statement, the United States said that the nation will continue to provide Russia with notifications of intercontinental ballistic missile (ICBM) and submarine-launched ballistic missile (SLBM) launches in accordance with the 1988 Ballistic Missile Launch Notifications Agreement. But Washington will not be providing telemetric information on these launches. Halting inspection activities Another countermeasure was US refraining from facilitating New START Treaty inspection activities on its soil. It has done so by revoking existing visas issued to Russian New START Treaty inspectors and aircrew members. Also Read | US: Mumbai 26/11 attack accused Tahawwur Rana challenges order of his extradition to India To put a stop to any such inspection activities in the future also, Washington is also denying pending applications for such visas and is revoking the standing diplomatic clearance numbers issued for Russian New START Treaty inspection airplanes. "Russia chose not to exercise its right to conduct inspection activities and has also denied the United States its right under the treaty to conduct inspection activities since August 2022, when it refused to accept a U.S. inspection," the statement read. What is New START nukes treaty? The treaty was signed in 2010 and was due to expire in 2026. Under the New START treaty's "Biannual Data Exchanges," the two nations are required to provide a declaration of deployed strategic delivery vehicles, launchers and warheads. The number is capped at no more than 1,550 strategic nuclear warheads and 700 land- and submarine-based missiles and bombers to deliver them. Watch | Hollywood star Bruce Willis' daughter Tallulah talks about her father's daily battle with dementia × It is important to note that as per US, the country continues to abide by the treaty’s central limits, and to fulfill all of its New START obligations that have not been included within these countermeasures. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

US halts data sharing, inspection activities in response to Russia's 'violation' of New START nukes deal

The island nation of Papua New Guinea in the south-western Pacific has announced its verdict. The nation denies the motherland to be used for any war-related offensive military operations. The United States and Papua New Guinea have signed a new bilateral defence cooperation agreement. The new defence cooperation is expected to expand U.S. access to military & other facilities in PNG.

Papua New Guinea won't be used for 'offensive military operations': PM James Marape

Even as the United States and its European allies grapple with Russia's invasion of Ukraine and rising tensions with China, the smoldering crisis over Iran's nuclear program threatens to reignite.

Smoldering Iran nuclear crisis risks catching fire

<p>Iraqi prime minister's office said on Sunday (March 19) that Iran's top security official has signed a deal with Iraqi authorities for "protection" of their common border. The development has taken place months after Tehran conducted strikes on Kurdish opposition group in northern Iraq.</p>

<p>Iraq's autonomous Kurdistan region hosts camps and rear-bases operated by several Iranian Kurdish factions, which Iran has accused of serving Western or Israeli interests in the past.</p>

<p>Iran launched cross-border missile and drone strikes against Kurdish groups in November. It accused them if stoking nationwide protests after the death of Kurdish-Iranian woman Mahsa Amini.</p>

<p>Ali Shamkhani, who heads Iran's Supreme National Security Council, inked the deal with his Iraqi counterpart Qassem al-Araji during a visit to Baghdad, the statement said.</p>

<p>It comprises "coordination over the protection of common borders", and will also see the "strengthening of cooperation in several areas of security", the statement from the office of Prime Minister Mohammed Shia al-Sudani added.</p>

<p>Shamkhani denounced "vicious activities by counter-revolutionary elements" in northern Iraq, a reference to the Kurdish groups operating in the country, according to Iran's state news agency IRNA.</p>

<p>He said the agreement signed on Sunday "can completely and fundamentally end the vicious actions of these groups," which the Iranian government labels "terrorist."</p>

<p><em>(With inputs from agencies)</em></p>

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Iraqi prime minister's office said on Sunday (March 19) that Iran's top security official has signed a deal with Iraqi authorities for "protection" of their common border.

Iraqi prime minister's office said on Sunday (March 19) that Iran's top security official has signed a deal with Iraqi authorities for "protection" of their common border. The development has taken place months after Tehran conducted strikes on Kurdish opposition group in northern Iraq. Iraq's autonomous Kurdistan region hosts camps and rear-bases operated by several Iranian Kurdish factions, which Iran has accused of serving Western or Israeli interests in the past. Iran launched cross-border missile and drone strikes against Kurdish groups in November. It accused them if stoking nationwide protests after the death of Kurdish-Iranian woman Mahsa Amini. Ali Shamkhani, who heads Iran's Supreme National Security Council, inked the deal with his Iraqi counterpart Qassem al-Araji during a visit to Baghdad, the statement said. It comprises "coordination over the protection of common borders", and will also see the "strengthening of cooperation in several areas of security", the statement from the office of Prime Minister Mohammed Shia al-Sudani added. Shamkhani denounced "vicious activities by counter-revolutionary elements" in northern Iraq, a reference to the Kurdish groups operating in the country, according to Iran's state news agency IRNA. He said the agreement signed on Sunday "can completely and fundamentally end the vicious actions of these groups," which the Iranian government labels "terrorist." (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Iran, Iraq ink deal for protection of borders, cooperation in areas of security

India-based defence company BrahMos Aerospace expects to close a deal this year to sell Indonesia supersonic cruise missiles worth at least $200 million, as it looks to expand its presence in Southeast Asia. BrahMos Aerospace CEO Atul D. Rane said that it was in advanced discussions with Jakarta on a deal worth $200 million to $350 million under which it had offered to supply shore-based missiles and a version that can be mounted on warships.

India’s next major defence export | Indonesia will buy Brahmos missile

The latest agreement between British Prime Minister Rishi Sunak and the European Union on post-Brexit trade arrangements for Northern Ireland, according to U.S. President Joe Biden, is a "important step" in ensuring the Good Friday Agreement's peace is maintained.

Biden: Deal essential step to maintain good Friday agreement

<p>Pharmaceutical giant Pfizer Inc is in talks to acquire Seagen Inc, a biotech company, in a deal that may be worth billions if it comes to fruition, said a report in The Wall Street Journal. The report, citing unnamed sources, said that talks are in initial stages.</p>

<p>Though the developments point to a potential mega deal, it will have to cross several hurdles including a possible antitrust review of the proposal. Seagen has a market&nbsp;value of USD 30 billion.</p>

<p>Last year, Seagen was in negotiations to be acquired by Merck. Had this deal come to fruition, it would have been worth USD 40 billion.&nbsp;</p>

<p>Pfizer is one of the biggest drug companies in the world. Last year, its sales were worth USD 100 billion. If it acquires Seagen, it will add a class of promising chemical agents to its lineup of cancer treartments. These chemical agents have shown promise in connection with immunitherapies against some cancers.</p>

<p>Pfizer is in a very comfortable financial position with its deep pockets full of cash. It has some USD 22.7 billion from sales of its Covid vaccines, drugs and other products.</p>

<p>Pfizer acquired sickle-cell-drug maker Global Blood Therapeutics Inc last year for more than USD 5 billion. It also acquired the rest of Biohaven Pharmaceutical Holdings Co in a deal worth more than USD 10 billion.</p>

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Pharmaceutical giant Pfizer Inc is in talks to acquire Seagen Inc, a biotech company, in a deal that may be worth billions if it comes to fruition, said a report in The Wall Street Journal.

Pharmaceutical giant Pfizer Inc is in talks to acquire Seagen Inc, a biotech company, in a deal that may be worth billions if it comes to fruition, said a report in The Wall Street Journal. The report, citing unnamed sources, said that talks are in initial stages. Though the developments point to a potential mega deal, it will have to cross several hurdles including a possible antitrust review of the proposal. Seagen has a market value of USD 30 billion. Last year, Seagen was in negotiations to be acquired by Merck. Had this deal come to fruition, it would have been worth USD 40 billion. Pfizer is one of the biggest drug companies in the world. Last year, its sales were worth USD 100 billion. If it acquires Seagen, it will add a class of promising chemical agents to its lineup of cancer treartments. These chemical agents have shown promise in connection with immunitherapies against some cancers. Pfizer is in a very comfortable financial position with its deep pockets full of cash. It has some USD 22.7 billion from sales of its Covid vaccines, drugs and other products. Pfizer acquired sickle-cell-drug maker Global Blood Therapeutics Inc last year for more than USD 5 billion. It also acquired the rest of Biohaven Pharmaceutical Holdings Co in a deal worth more than USD 10 billion. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Pfizer in talks to acquire Seagen, mega deal may be possible: Report

<p>Air India Ltd. placed the largest aircraft order in aviation history, opting to purchase 540 aircraft from Boeing and Airbus on Monday (February 13), allowing the Tata Group airline to expand its operations both domestically and internationally, reported the Mint. Air India is estimated to spend a whopping $82 billion on the acquisition of short&nbsp;and long-haul aircraft, while the real cost would be less as bulk purchases are eligible for discounts and incentives.</p>

<p>Out of the total 540 aircraft, 470 are firm orders, while the remaining 70 are options with Boeing that Air India may subsequently exercise. 250 Airbus and 220 Boeing aircraft make up the 470 aircraft, with the first lot arriving later this year. The previous single-largest jet purchase, according to Bloomberg, was made by American Airlines in 2011 for 460 planes.</p>

<p>“The first aircraft to arrive will be 25 brand-new Boeing B737-800s and six Airbus A350-900s in the second half of 2023, with deliveries really ramping up in 2025 and beyond. In the meantime, our capacity growth will continue to be supported by the previously announced lease-in of additional narrow-body and wide-body aircraft and the restoration-to-service of the remainder of our grounded fleet," Air India CEO Campbell Wilson said in an email to employees, reported Mint.</p>

<p><strong>ALSO READ |</strong>&nbsp;<a href="https://www.wionews.com/world/western-leaders-hail-billion-dollar-air-india-airbus-and-boeing-annoucement-562059">Western leaders hail billion-dollar Air India, Airbus, Boeing announcement</a></p>

<p>Around 450 single-aisle aircraft from the Airbus 320 family and Boeing 737 MAX are included in the total order; these aircraft will be used for local and short-haul international operations. The remaining 90 aircraft, all dual-aisle planes, will travel to Europe and the Americas.</p>

<h2><strong>Why is the Air India order for 470 new aircraft such a huge&nbsp;deal?&nbsp;</strong></h2>

<p>The historic Air India purchase of 470 jets, valued between $80-100 billion, has caused the world to sit up and take notice because of its scale and the ramifications it has for Air India, the aviation industry, and some of the biggest global economies.&nbsp;</p>

<p>This is the biggest bulk order for aircraft; American Airlines' purchase of 460 aircraft in 2011 is now&nbsp;the second-highest. The deal, which took more than a year to work out, marks India's debut as one of the major aircraft-buying countries.&nbsp;</p>

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<p><em><strong>Indian PM Narendra Modi addressing a virtual meeting&nbsp;on agreement between Air India and Airbus. Photo credits: Twitter</strong></em></p>

<p>Air India has ordered 40 wide-bodied A350 planes and 210 narrow-bodied A320 neo-family planes from Airbus, reported Hindu BusinessLine.&nbsp;The Boeing order entails&nbsp;10 wide-bodied B777X planes, 20 wide-body B787 planes, and 190 narrow-body B737MAX planes.&nbsp;Indigo is reportedly considering similar plans to buy 500 aircraft, said the Hindu BusinessLine.&nbsp;</p>

<h2><strong>How is this order beneficial for Air India?</strong></h2>

<p>After the Tatas' takeover in early 2022, the former national airline of India, which had been making significant losses, has been working to improve its performance. By merging with Vistara recently, it became the nation's largest airline operating on foreign routes and the second-largest domestic airline after&nbsp;Indigo. Prior to the most recent order, the Tata group operated 218 aircraft, flying to 52 domestic and 38 overseas destinations.</p>

<p>With this deal, Air India's fleet size will more than double, and it will surpass Indigo's fleet of 300 aircraft to become the largest airline operating domestic routes as well. The kind of aircraft that&nbsp;Air India has ordered indicates that it aims to significantly expand its footprint on international routes as well as fly to both major and minor locations within the domestic market.</p>

<p><strong>ALSO READ |</strong>&nbsp;<a href="https://www.wionews.com/india-news/google-layoffs-late-night-email-terminates-453-employees-in-india-562943">Google layoffs: Late-night email terminates 453 employees in India</a></p>

<p>How Air India finances this transaction will be interesting to observe. When the Tata family assumed control of the airline, they had paid off around 15 per cent&nbsp;of the struggling airline's 61,562 crore debt. The Tatas, however, claim to have already refinanced the debt they inherited, as per a Hindu BusinessLine&nbsp;report.&nbsp;</p>

<h2><strong>What does the deal really mean for India's aviation sector?</strong></h2>

<p>The Maharajah will re-ascend the throne to rule supremely over India's skies, and the aviation industry in India will undergo a shakeout. The agreement aims to turn India into a major international air travel hub by significantly increasing the number of international&nbsp;air carriers operating from India. This will require a revamp&nbsp;of Indian airports too.</p>

<p><strong>ALSO WATCH |&nbsp;Chetan Sharma Resigns: Indian cricket Chief selector resigns</strong></p>

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<p>The chairman of the Tata group suggests that some aircraft parts may be manufactured in India which will stimulate local manufacturing and provide new job opportunities.</p>

<h2><strong>Is this deal in tandem with the present passenger traffic?</strong></h2>

<p>Aviation traffic has undoubtedly increased during the previous 12 months. Between April and December 2022, domestic aviation traffic increased by 63 per cent&nbsp;year over year, according to ICRA, with 986 lakh passengers. Since the pandemic&nbsp;lows, the passenger load factor has also increased and now stands at 91 per cent.</p>

<p>India Brand Equity Foundation (IBEF) predicts that India will move up one spot in the next 10 years, moving from seventh to third in terms of civil aviation. By 2024, India is expected to surpass the UK to acquire the third-largest position in the domestic aviation industry. The population and rising buying power of India would undoubtedly lead to an increase in domestic aviation travel.&nbsp;</p>

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Air India Ltd. placed the largest aircraft order in aviation history, opting to purchase 540 aircraft from Boeing and Airbus on Monday (February 13), allowing the Tata Group airline to expand its operations both domestically and internationally, reported the Mint.

Air India Ltd. placed the largest aircraft order in aviation history, opting to purchase 540 aircraft from Boeing and Airbus on Monday (February 13), allowing the Tata Group airline to expand its operations both domestically and internationally, reported the Mint. Air India is estimated to spend a whopping $82 billion on the acquisition of short and long-haul aircraft, while the real cost would be less as bulk purchases are eligible for discounts and incentives. Out of the total 540 aircraft, 470 are firm orders, while the remaining 70 are options with Boeing that Air India may subsequently exercise. 250 Airbus and 220 Boeing aircraft make up the 470 aircraft, with the first lot arriving later this year. The previous single-largest jet purchase, according to Bloomberg, was made by American Airlines in 2011 for 460 planes. “The first aircraft to arrive will be 25 brand-new Boeing B737-800s and six Airbus A350-900s in the second half of 2023, with deliveries really ramping up in 2025 and beyond. In the meantime, our capacity growth will continue to be supported by the previously announced lease-in of additional narrow-body and wide-body aircraft and the restoration-to-service of the remainder of our grounded fleet," Air India CEO Campbell Wilson said in an email to employees, reported Mint. ALSO READ | Western leaders hail billion-dollar Air India, Airbus, Boeing announcement Around 450 single-aisle aircraft from the Airbus 320 family and Boeing 737 MAX are included in the total order; these aircraft will be used for local and short-haul international operations. The remaining 90 aircraft, all dual-aisle planes, will travel to Europe and the Americas. Why is the Air India order for 470 new aircraft such a huge deal? The historic Air India purchase of 470 jets, valued between $80-100 billion, has caused the world to sit up and take notice because of its scale and the ramifications it has for Air India, the aviation industry, and some of the biggest global economies. This is the biggest bulk order for aircraft; American Airlines' purchase of 460 aircraft in 2011 is now the second-highest. The deal, which took more than a year to work out, marks India's debut as one of the major aircraft-buying countries. Indian PM Narendra Modi addressing a virtual meeting on agreement between Air India and Airbus. Photo credits: Twitter Air India has ordered 40 wide-bodied A350 planes and 210 narrow-bodied A320 neo-family planes from Airbus, reported Hindu BusinessLine. The Boeing order entails 10 wide-bodied B777X planes, 20 wide-body B787 planes, and 190 narrow-body B737MAX planes. Indigo is reportedly considering similar plans to buy 500 aircraft, said the Hindu BusinessLine. How is this order beneficial for Air India? After the Tatas' takeover in early 2022, the former national airline of India, which had been making significant losses, has been working to improve its performance. By merging with Vistara recently, it became the nation's largest airline operating on foreign routes and the second-largest domestic airline after Indigo. Prior to the most recent order, the Tata group operated 218 aircraft, flying to 52 domestic and 38 overseas destinations. With this deal, Air India's fleet size will more than double, and it will surpass Indigo's fleet of 300 aircraft to become the largest airline operating domestic routes as well. The kind of aircraft that Air India has ordered indicates that it aims to significantly expand its footprint on international routes as well as fly to both major and minor locations within the domestic market. ALSO READ | Google layoffs: Late-night email terminates 453 employees in India How Air India finances this transaction will be interesting to observe. When the Tata family assumed control of the airline, they had paid off around 15 per cent of the struggling airline's 61,562 crore debt. The Tatas, however, claim to have already refinanced the debt they inherited, as per a Hindu BusinessLine report. What does the deal really mean for India's aviation sector? The Maharajah will re-ascend the throne to rule supremely over India's skies, and the aviation industry in India will undergo a shakeout. The agreement aims to turn India into a major international air travel hub by significantly increasing the number of international air carriers operating from India. This will require a revamp of Indian airports too. ALSO WATCH | Chetan Sharma Resigns: Indian cricket Chief selector resigns The chairman of the Tata group suggests that some aircraft parts may be manufactured in India which will stimulate local manufacturing and provide new job opportunities. Is this deal in tandem with the present passenger traffic? Aviation traffic has undoubtedly increased during the previous 12 months. Between April and December 2022, domestic aviation traffic increased by 63 per cent year over year, according to ICRA, with 986 lakh passengers. Since the pandemic lows, the passenger load factor has also increased and now stands at 91 per cent. India Brand Equity Foundation (IBEF) predicts that India will move up one spot in the next 10 years, moving from seventh to third in terms of civil aviation. By 2024, India is expected to surpass the UK to acquire the third-largest position in the domestic aviation industry. The population and rising buying power of India would undoubtedly lead to an increase in domestic aviation travel. WATCH WION LIVE HERE:

EXPLAINED: What does Air India's historic aircraft deal mean for India?

<p>Pop icon Justin Bieber has agreed to a $200 million deal with Blackstone-backed Hipgnosis Songs Capital to sell his catalogue shares in music publishing and production, the company said on Tuesday (January 24). This is the latest record-breaking rights deal in the music business.</p>

<p>The deal, which had&nbsp;been speculated for weeks, adds the 28-year-old to the exclusive group of musicians who have lately made money off of their catalogues.</p>

<p>Hipgnosis withheld the financial details of the agreement, but a source&nbsp;familiar with the subject told AFP that it was estimated to be worth $200 million.</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/entertainment/hailey-bieber-reveals-she-had-ptsd-post-suffering-mini-stroke-last-year-550648">Hailey Bieber reveals she had PTSD post suffering mini-stroke last year</a></p>

<p>Even though contemporary artists like Justin Timberlake and Shakira have sold significant portions of their works and have agreements with Hipgnosis, the trend&nbsp;has mostly been observed among established musicians like Bob Dylan and Bruce Springsteen.</p>

<p>Younger catalogues are often considered to be riskier, yet Bieber is one of the best-selling artists of all time, and Hipgnosis now has a part in some of the biggest successes of the twenty-first century, including "Baby" and "Sorry."</p>

<p><em>(With inputs from agencies)</em></p>

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Pop icon Justin Bieber has agreed to a $200 million deal with Blackstone-backed Hipgnosis Songs Capital to sell his catalogue shares in music publishing and production, the company said on Tuesday (January 24).

Pop icon Justin Bieber has agreed to a $200 million deal with Blackstone-backed Hipgnosis Songs Capital to sell his catalogue shares in music publishing and production, the company said on Tuesday (January 24). This is the latest record-breaking rights deal in the music business. The deal, which had been speculated for weeks, adds the 28-year-old to the exclusive group of musicians who have lately made money off of their catalogues. Hipgnosis withheld the financial details of the agreement, but a source familiar with the subject told AFP that it was estimated to be worth $200 million. Also read | Hailey Bieber reveals she had PTSD post suffering mini-stroke last year Even though contemporary artists like Justin Timberlake and Shakira have sold significant portions of their works and have agreements with Hipgnosis, the trend has mostly been observed among established musicians like Bob Dylan and Bruce Springsteen. Younger catalogues are often considered to be riskier, yet Bieber is one of the best-selling artists of all time, and Hipgnosis now has a part in some of the biggest successes of the twenty-first century, including "Baby" and "Sorry." (With inputs from agencies) WATCH WION LIVE HERE:

Justin Bieber sells music rights to Hipgnosis Songs for $200 million

<p>On Monday, Microsoft announced its multi-billion investment in OpenAI, the research lab which recently created ChatGPT, a much-talked-about artificial intelligence chatbot that has raised concerns about enabling cheating in universities and schools.&nbsp;</p>

<p>Microsoft CEO Satya Nadella tweeted a company blog in which the tech giant made the announcement of making a "multiyear, multibillion dollar investment to accelerate AI breakthroughs" which would be "broadly shared with the world".</p>

<p>ChatGPT, the chatbot of OpenAI, became a sensation on the internet after it was released in November without any warning, allowing users to experiment with the abilities of the chatbot in writing articles, poems, essays and computer code in a few seconds.</p>

<p><strong>ALSO READ |</strong> <a href="https://www.wionews.com/business-economy/microsoft-to-start-laying-off-employees-from-today-report-553642">Microsoft to fire 10,000 people as tech layoffs intensify</a></p>

<p>The ability of ChatGPT alarmed the teachers as it was banned in schools and universities and also started debates over its impact on office work in the near future.&nbsp;</p>

<p>OpenAI, the California-based research lab, also created DALL-E which is a programme that can draw illustrations and digital images swiftly.&nbsp;</p>

<p>Microsoft made the announcement of the deal less than a week after it declared that 10,000 employees will be laid off in the weeks ahead and investment will be redirected to new priorities like AI.&nbsp;</p>

<p>The statement released by Microsoft said that OpenAI's models will be deployed by the company "across our consumer and enterprise products".&nbsp;</p>

<p><strong>WATCH | World Business Watch: Microsoft to expand access to OpenAI, brings in more users</strong></p>

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<p>The announcement indicates the intention of Microsoft to include technology used in DALL-E and ChatGPT into its software products like the search engine Bing and Office apps of the company.</p>

<p>"With ChatGPT being one of the most innovative AI technologies seen in the industry, Microsoft is clearly being aggressive on this front and not going to be left behind on what could be a potential game changing AI investment," said analyst Dan Ives of Wedbush Securities, in a note.</p>

<p><em>(With inputs from agencies)</em></p>

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On Monday, Microsoft announced its multi-billion investment in OpenAI, the research lab which recently created ChatGPT, a much-talked-about artificial intelligence chatbot that has raised concerns about enabling cheating in universities and schools.

On Monday, Microsoft announced its multi-billion investment in OpenAI, the research lab which recently created ChatGPT, a much-talked-about artificial intelligence chatbot that has raised concerns about enabling cheating in universities and schools. Microsoft CEO Satya Nadella tweeted a company blog in which the tech giant made the announcement of making a "multiyear, multibillion dollar investment to accelerate AI breakthroughs" which would be "broadly shared with the world". ChatGPT, the chatbot of OpenAI, became a sensation on the internet after it was released in November without any warning, allowing users to experiment with the abilities of the chatbot in writing articles, poems, essays and computer code in a few seconds. ALSO READ | Microsoft to fire 10,000 people as tech layoffs intensify The ability of ChatGPT alarmed the teachers as it was banned in schools and universities and also started debates over its impact on office work in the near future. OpenAI, the California-based research lab, also created DALL-E which is a programme that can draw illustrations and digital images swiftly. Microsoft made the announcement of the deal less than a week after it declared that 10,000 employees will be laid off in the weeks ahead and investment will be redirected to new priorities like AI. The statement released by Microsoft said that OpenAI's models will be deployed by the company "across our consumer and enterprise products". WATCH | World Business Watch: Microsoft to expand access to OpenAI, brings in more users The announcement indicates the intention of Microsoft to include technology used in DALL-E and ChatGPT into its software products like the search engine Bing and Office apps of the company. "With ChatGPT being one of the most innovative AI technologies seen in the industry, Microsoft is clearly being aggressive on this front and not going to be left behind on what could be a potential game changing AI investment," said analyst Dan Ives of Wedbush Securities, in a note. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

Microsoft confirms deal with ChatGPT creator OpenAI worth billions

<p>Siemens has signed a $3.25 billion contract to supply India with its service freight trains, the biggest locomotive deal in its history.</p>

<p>Under the deal, the German Engineering company will deliver around 1,200 electric locomotives and provide service for 35 years under the agreement, which is the biggest ever in India.</p>

<p>Siemens has designed 9,000 horsepower trains with a top speed of 120 km/hr that will be assembled in India's Railways Factory in Gujarat over the next 11 years, with deliveries starting in the next 24 months.</p>

<p>As stated by Siemens mobility CEO Michael Peter in a press note, the new locomotives would easily be able to replace 500,000 to 800,000 trucks over their lifecycle.</p>

<p><strong>Also Read |&nbsp;<a href="http://www.wionnews.com/world/siemens-ready-to-fix-the-leaks-in-the-nord-stream-1-pipeline-says-gazprom-512680" hreflang="en">Siemens ready to fix the leaks in Nord Stream 1 pipeline, claims Gazprom</a></strong></p>

<p>According to Michael Peter, who spoke to Reuters, the contract was a significant move for Siemens in India. He noted that the business had previously been very strong in rolling stock in North America and central Europe but mostly provided components and infrastructure in India.</p>

<p>"India is looking for technology, better efficiency, and a longer lifespan for its trains," he said in an interview. "In the past, India built their own trains, but they want to increase reliability and average speeds."</p>

<p>Keeping demand in mind, New Delhi is keen on increasing freight transport to 40-45 per cent from its current 27 per cent, while Siemens seeks this opportunity to increase its revenue, which is touted to rise 6 to 9 per cent.</p>

<p><strong>Watch |&nbsp;<a href="http://www.wionnews.com/videos/indian-railway-suspends-passenger-services-across-india-freight-trains-will-continue-287881" hreflang="en">Indian railway suspends passenger services across India, freight trains will continue</a></strong></p>

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<p>Although the Indian contract will primarily manifest as orders in 2023, Siemens CEO Peter was optimistic about achieving Siemens's aim of raising revenue at the mobility division.</p>

<p>In India, the largest rail market in the world with 24 million passengers per day travelling on more than 22,000 trains, he claimed Siemens was also considering other train contracts.</p>

<p>That India deal comes as another bumper contract for the German Engineering company, which signed a deal with Australia in December.</p>

<p><em>(With inputs from agencies)</em></p>

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Siemens has signed a $3.25 billion contract to supply India with its service freight trains, the biggest locomotive deal in its history. Under the deal, the German Engineering company will deliver around 1,200 electric locomotives and provide service for 35 years under the agreement, which is the biggest ever in India.

Siemens has signed a $3.25 billion contract to supply India with its service freight trains, the biggest locomotive deal in its history. Under the deal, the German Engineering company will deliver around 1,200 electric locomotives and provide service for 35 years under the agreement, which is the biggest ever in India. Siemens has designed 9,000 horsepower trains with a top speed of 120 km/hr that will be assembled in India's Railways Factory in Gujarat over the next 11 years, with deliveries starting in the next 24 months. As stated by Siemens mobility CEO Michael Peter in a press note, the new locomotives would easily be able to replace 500,000 to 800,000 trucks over their lifecycle. Also Read | Siemens ready to fix the leaks in Nord Stream 1 pipeline, claims Gazprom According to Michael Peter, who spoke to Reuters, the contract was a significant move for Siemens in India. He noted that the business had previously been very strong in rolling stock in North America and central Europe but mostly provided components and infrastructure in India. "India is looking for technology, better efficiency, and a longer lifespan for its trains," he said in an interview. "In the past, India built their own trains, but they want to increase reliability and average speeds." Keeping demand in mind, New Delhi is keen on increasing freight transport to 40-45 per cent from its current 27 per cent, while Siemens seeks this opportunity to increase its revenue, which is touted to rise 6 to 9 per cent. Watch | Indian railway suspends passenger services across India, freight trains will continue Although the Indian contract will primarily manifest as orders in 2023, Siemens CEO Peter was optimistic about achieving Siemens's aim of raising revenue at the mobility division. In India, the largest rail market in the world with 24 million passengers per day travelling on more than 22,000 trains, he claimed Siemens was also considering other train contracts. That India deal comes as another bumper contract for the German Engineering company, which signed a deal with Australia in December. (With inputs from agencies) WATCH WION LIVE HERE:

Siemens signs historic $3.25 billion locomotive deal with India

<p>The European Union struck a political deal&nbsp;on Tuesday to impose a carbon dioxide emissions price on imports of polluting commodities like steel and cement, a groundbreaking programme intended to boost European companies as they decarbonise. The decision came about after all-night talks.</p>

<p>Negotiators from EU nations and the European Parliament reached&nbsp;an agreement on the bill imposing CO2 emissions penalties on imports of iron and steel, cement, fertilisers, aluminium, and energy.</p>

<p>Firms bringing in those products to the EU will need to purchase certifications to cover their embedded CO2 emissions. The plan aims to apply the same CO2 price to local EU industry and foreign businesses, the latter of which are currently required to purchase permits from the EU carbon market.</p>

<p>Mohammed Chahim,&nbsp;European Parliament's lead negotiator on the law, said the&nbsp;border&nbsp;tariff&nbsp;would be crucial to&nbsp;EU&nbsp;efforts to fight climate change.</p>

<p>"It is one of the only mechanisms we have to incentivise our trading partners to decarbonise their manufacturing industry," Chahim said.</p>

<p><strong>Also WATCH |&nbsp;WION Climate Tracker: EU strikes deal on world's first carbon border tariff</strong></p>

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<p>The tax's purpose is to shield European businesses from being outbid by less expensive products coming from nations with laxer environmental regulations.</p>

<p>It will also apply to imported hydrogen, which was a demand made during the discussions but was not included in the initial EU plan.</p>

<p>This week's discussions on a reform of the EU carbon market will define some of the law's specifics, including when it will go into effect.</p>

<p>In order to protect local industry from foreign competition, the EU now provides free CO2 licences. However,&nbsp;to comply with WTO regulations, the EU aims to phase out these free permits once the carbon border tax is implemented. The discussions around the carbon market will determine how swiftly that phase-in occurs.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>

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The European Union struck a political deal on Tuesday to impose a carbon dioxide emissions price on imports of polluting commodities like steel and cement, a groundbreaking programme intended to boost European companies as they decarbonise.

The European Union struck a political deal on Tuesday to impose a carbon dioxide emissions price on imports of polluting commodities like steel and cement, a groundbreaking programme intended to boost European companies as they decarbonise. The decision came about after all-night talks. Negotiators from EU nations and the European Parliament reached an agreement on the bill imposing CO2 emissions penalties on imports of iron and steel, cement, fertilisers, aluminium, and energy. Firms bringing in those products to the EU will need to purchase certifications to cover their embedded CO2 emissions. The plan aims to apply the same CO2 price to local EU industry and foreign businesses, the latter of which are currently required to purchase permits from the EU carbon market. Mohammed Chahim, European Parliament's lead negotiator on the law, said the border tariff would be crucial to EU efforts to fight climate change. "It is one of the only mechanisms we have to incentivise our trading partners to decarbonise their manufacturing industry," Chahim said. Also WATCH | WION Climate Tracker: EU strikes deal on world's first carbon border tariff The tax's purpose is to shield European businesses from being outbid by less expensive products coming from nations with laxer environmental regulations. It will also apply to imported hydrogen, which was a demand made during the discussions but was not included in the initial EU plan. This week's discussions on a reform of the EU carbon market will define some of the law's specifics, including when it will go into effect. In order to protect local industry from foreign competition, the EU now provides free CO2 licences. However, to comply with WTO regulations, the EU aims to phase out these free permits once the carbon border tax is implemented. The discussions around the carbon market will determine how swiftly that phase-in occurs. (With inputs from agencies) WATCH WION LIVE HERE:

Let the pollutors pay: In a first, EU strikes deal on carbon border tariff

<p>As Ghana fights its worst economic crisis in decades, the International Monetary Fund announced on Tuesday that the two parties had reached an agreement on a $3 billion loan line. The West African nation has experienced a dramatic decrease in its cedi currency since the beginning of the year, as well as inflation of more than 40% and rising debt.</p>

<p>According to the IMF statement, the government of Ghana has committed to "a wide-ranging economic reform programme" that would restore stability and debt sustainability.</p>

<p>The IMF's board will ratify the three-year financing arrangement.</p>

<p>The situation prompted President Nana Akufo-administration Addo's to change course early this year and request assistance from the IMF after experts warned the nation ran the risk of missing debt payments.</p>

<p>In order to relieve a payment pressure, the administration has already announced a domestic debt exchange.</p>

<p><strong>Also watch |&nbsp;South African Parliament to decide whether to proceed with Ramaphosa's impeachment</strong></p>

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<p>Ghana, a major producer of cocoa and gold, also has oil and gas deposits, but its debt service costs have skyrocketed, and like the rest of sub-Saharan Africa, it has been severely impacted by the effects of the Covid epidemic and the Ukraine conflict.</p>

<p><em>(With inputs from agencies)</em></p>

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As Ghana fights its worst economic crisis in decades, the International Monetary Fund announced on Tuesday that the two parties had reached an agreement on a $3 billion loan line.

As Ghana fights its worst economic crisis in decades, the International Monetary Fund announced on Tuesday that the two parties had reached an agreement on a $3 billion loan line. The West African nation has experienced a dramatic decrease in its cedi currency since the beginning of the year, as well as inflation of more than 40% and rising debt. According to the IMF statement, the government of Ghana has committed to "a wide-ranging economic reform programme" that would restore stability and debt sustainability. The IMF's board will ratify the three-year financing arrangement. The situation prompted President Nana Akufo-administration Addo's to change course early this year and request assistance from the IMF after experts warned the nation ran the risk of missing debt payments. In order to relieve a payment pressure, the administration has already announced a domestic debt exchange. Also watch | South African Parliament to decide whether to proceed with Ramaphosa's impeachment Ghana, a major producer of cocoa and gold, also has oil and gas deposits, but its debt service costs have skyrocketed, and like the rest of sub-Saharan Africa, it has been severely impacted by the effects of the Covid epidemic and the Ukraine conflict. (With inputs from agencies) WATCH WION LIVE HERE:

Ghana agrees on $3 bn deal with IMF as country fights its worst economic crisis in decades

<p>As Poland seeks to modernise its military and adjust to new geopolitical realities following Russia's invasion of Ukraine, a US greenlight to a potential USD 3.75 billion sale of M1A1 Abrams tanks has come as great news. The Pentagon made an announcement about this deal on Tuesday (December 6).</p>

<p><strong>Watch | Russia fires barrage of missile across Ukraine</strong></p>

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<p>The approval to sale comes just months after Poland was authorized to buy 250 M1A2 tanks by the same maker. With this new option, Poland could elect to buy a mix of the two tank versions.</p>

<p>The pack also includes vehicles to recover disabled tanks, eight assault bridges and other vehicles. The deal will also get Poland thousands of rounds of advanced munitions like armour piercing rounds.</p>

<p><strong>Also Read | <a href="https://www.wionews.com/world/ukraine-to-implement-emergency-power-shutdowns-after-latest-russian-missile-strikes-540542">Ukraine to implement emergency power shutdowns after latest Russian missile strikes</a></strong></p>

<p>The Pentagon's Defense Security Cooperation Agency notified Congress of the possible sale on Tuesday.</p>

<p><strong>Also Read | <a href="https://www.wionews.com/world/not-encouraging-ukraine-strikes-into-russia-says-us-540719">'Not encouraging' Ukraine strikes into Russia, says US</a></strong></p>

<p>Despite approval by the State Department, the notification does not indicate that a contract has been signed or that negotiations have concluded.</p>

<p>The US has thrown&nbsp;its weight in favour of eastern European countries especially after Russia's invasion of Ukraine in February.</p>

<p>After sustained gains in the early months of Ukraine conflict, Russian forces have had to suffer setbacks and retreats in the face of Ukrainian counteroffensives.</p>

<p>On Tuesday however, the US said that it was 'not encouraging' Ukraine to carry out strikes inside Russia. This statement came after Russian airbases were attacked by drones. Ukraine has not claimed responsibility for the attacks.</p>

<p>"We are not enabling Ukraine to strike beyond its borders; we are not encouraging Ukraine to strike beyond its borders," US State Department spokesman Ned Price told reporters.</p>

<p>"Everything we are doing -- everything the world is doing to support Ukraine -- is in support of Ukraine's independence," he said.</p>

<p>You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form"><strong>here</strong></a>.</p>

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As Poland seeks to modernise its military and adjust to new geopolitical realities following Russia's invasion of Ukraine, a US greenlight to a potential USD 3.75 billion sale of M1A1 Abrams tanks has come as great news.

As Poland seeks to modernise its military and adjust to new geopolitical realities following Russia's invasion of Ukraine, a US greenlight to a potential USD 3.75 billion sale of M1A1 Abrams tanks has come as great news. The Pentagon made an announcement about this deal on Tuesday (December 6). Watch | Russia fires barrage of missile across Ukraine × The approval to sale comes just months after Poland was authorized to buy 250 M1A2 tanks by the same maker. With this new option, Poland could elect to buy a mix of the two tank versions. The pack also includes vehicles to recover disabled tanks, eight assault bridges and other vehicles. The deal will also get Poland thousands of rounds of advanced munitions like armour piercing rounds. Also Read | Ukraine to implement emergency power shutdowns after latest Russian missile strikes The Pentagon's Defense Security Cooperation Agency notified Congress of the possible sale on Tuesday. Also Read | 'Not encouraging' Ukraine strikes into Russia, says US Despite approval by the State Department, the notification does not indicate that a contract has been signed or that negotiations have concluded. The US has thrown its weight in favour of eastern European countries especially after Russia's invasion of Ukraine in February. After sustained gains in the early months of Ukraine conflict, Russian forces have had to suffer setbacks and retreats in the face of Ukrainian counteroffensives. On Tuesday however, the US said that it was 'not encouraging' Ukraine to carry out strikes inside Russia. This statement came after Russian airbases were attacked by drones. Ukraine has not claimed responsibility for the attacks. "We are not enabling Ukraine to strike beyond its borders; we are not encouraging Ukraine to strike beyond its borders," US State Department spokesman Ned Price told reporters. "Everything we are doing -- everything the world is doing to support Ukraine -- is in support of Ukraine's independence," he said. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

US approves $3.75 billion potential sale of Abrams tanks to Poland

UK and France signed an agreement worth $74 million to ramp up efforts to stop illegal migrants from making perilous journeys across the English Channel

UK and France sign deal on migrant crossings

UK and France signed an agreement worth $74 million to ramp up efforts to stop illegal migrants from making perilous journeys across the English Channel.

UK & France sign deal on migrant crisis; UK to pay more to France as part of the deal

Lebanon and Israel have signed a historic Maritime border deal. The deal will let both nations exploit oilfields in the Mediterranean. Ghadi Francis tells you more on #TheWestAsiaPost

The West Asia Post | Lebanon and Israel sign maritime border deal

In a rare diplomatic feat in the West Asia, Israel and Lebanon have signed a new maritime border deal. Watch this report for all the details.

Rare diplomatic feat in West Asia: Israel, Lebanon sign maritime border deal

After ADIDAS ended its partnership with musician Kanye West, what does the brand plan to do? Priyanka Sharma brings you the details

WION Fineprint | What next for ADIDAS after severing ties with Kanye West?

Elon Musk told bankers he would acquire Twitter by the October 28 deadline. This comes as an internal Twitter report says that the platform is losing its heaviest users. Priyanka Sharma brings you the details

WION Fineprint | Elon Musk to acquire troubled Twitter by Friday

<p>Days before the deadline to finalise its agreement with Elon Musk, Twitter Inc. has blocked equity award accounts for employees, according to a report by Bloomberg News. This move is an indication that the social media company expects the agreement to be completed.</p>

<p>Twitter shares rose 1.8% to $51.6 following the news, which is still less than Musk's offer price of $54.2 per share.</p>

<p>The Delaware court has ordered <a href="https://www.wionews.com/world/elon-musk-withdraws-proposal-to-pentagon-seking-funds-for-starlink-526391">Musk</a>, the CEO of Tesla Inc., and Twitter to finalise the $44 billion acquisition on October 28. In April, the agreement was initially made public.</p>

<p>According to the article, the social media business informed personnel this week that they won't be able to access or trade shares from the Equity Award Center.</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/world/florida-governor-desantis-lauds-musk-for-providing-internet-services-to-ukraine-526311">Florida Governor DeSantis lauds Musk for providing internet services to Ukraine</a></p>

<p>The page said the change was done "in anticipation of the closing of the pending acquisition of Twitter by an entity controlled by Elon Musk," according to the report, citing two people familiar with the change.&nbsp;</p>

<p>In May, Musk attempted to back out of the agreement, claiming that Twitter had overstated the number of spam and bot accounts on its social media network. This sparked a string of legal disputes between the two sides.</p>

<p>The trial that was supposed to take place this week was halted by the judge when Musk changed his mind and declared that he would carry out the agreement under its original provisions earlier this month.</p>

<p><em>(With inputs from agencies)</em></p>

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Days before the deadline to finalise its agreement with Elon Musk, Twitter Inc. has blocked equity award accounts for employees, according to a report by Bloomberg News.

Days before the deadline to finalise its agreement with Elon Musk, Twitter Inc. has blocked equity award accounts for employees, according to a report by Bloomberg News. This move is an indication that the social media company expects the agreement to be completed. Twitter shares rose 1.8% to $51.6 following the news, which is still less than Musk's offer price of $54.2 per share. The Delaware court has ordered Musk, the CEO of Tesla Inc., and Twitter to finalise the $44 billion acquisition on October 28. In April, the agreement was initially made public. According to the article, the social media business informed personnel this week that they won't be able to access or trade shares from the Equity Award Center. Also read | Florida Governor DeSantis lauds Musk for providing internet services to Ukraine The page said the change was done "in anticipation of the closing of the pending acquisition of Twitter by an entity controlled by Elon Musk," according to the report, citing two people familiar with the change. In May, Musk attempted to back out of the agreement, claiming that Twitter had overstated the number of spam and bot accounts on its social media network. This sparked a string of legal disputes between the two sides. The trial that was supposed to take place this week was halted by the judge when Musk changed his mind and declared that he would carry out the agreement under its original provisions earlier this month. (With inputs from agencies) WATCH WION LIVE HERE:

Twitter locks employee stock accounts in anticipation of deal

<p>Lebanon on Thursday (October 13), approved a US-mediated maritime border deal with Israel. Lebanese President Michel Aoun announced the approval. This agreement unlocks significant offshore gas production for both countries. Israel President Yair Lapid had said on Wednesday that the agreement would decrease the likelihood of a conflict with Iran-backed militant group Hezbollah.</p>

<p>"I announce the approval by Lebanon of the final version prepared by the American mediator to delineate the southern maritime border," the Lebanese president said in a televised speech.</p>

<p>Aoun described the deal as an "historic achievement". He added that Lebanon was "able to recover a disputed area of 860 square kilometres (330 square miles)".</p>

<p>"Lebanon did not concede a single square kilometre to Israel," he said, adding that his country had seized full control over the Qana field, despite parts of it falling within Israel's territorial waters.</p>

<p>"This indirect agreement responds to the Lebanese claims and fully preserves our rights," he said.<br />
He stressed that "no normalisation with Israel took place".</p>

<p>Israel and Lebanon are still technically at war. The agreement between the nation was earlier applauded by world leaders including US President Joe Biden.</p>

<p>In an interview with a Lebanese television station, US envoy Amos Hochstein on Thursday hailed the deal as "an agreement that could be credited for preventing chaos and further conflict throughout the region.</p>

<p>"In the first time in a long time, Lebanon is the answer to the problems and not the cause of it," he continued.</p>

<p>He added that the deal would ensure "economic prosperity for Lebanon, an assurance from conflict, securing Israel's northern borders", which he said would translate to "no war between Israel and Lebanon".</p>

<p><em>(With inputs from agencies)</em></p>

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Lebanon on Thursday (October 13), approved a US-mediated maritime border deal with Israel. Lebanese President Michel Aoun announced the approval. This agreement unlocks significant offshore gas production for both countries.

Lebanon on Thursday (October 13), approved a US-mediated maritime border deal with Israel. Lebanese President Michel Aoun announced the approval. This agreement unlocks significant offshore gas production for both countries. Israel President Yair Lapid had said on Wednesday that the agreement would decrease the likelihood of a conflict with Iran-backed militant group Hezbollah. "I announce the approval by Lebanon of the final version prepared by the American mediator to delineate the southern maritime border," the Lebanese president said in a televised speech. Aoun described the deal as an "historic achievement". He added that Lebanon was "able to recover a disputed area of 860 square kilometres (330 square miles)". "Lebanon did not concede a single square kilometre to Israel," he said, adding that his country had seized full control over the Qana field, despite parts of it falling within Israel's territorial waters. "This indirect agreement responds to the Lebanese claims and fully preserves our rights," he said. He stressed that "no normalisation with Israel took place". Israel and Lebanon are still technically at war. The agreement between the nation was earlier applauded by world leaders including US President Joe Biden. In an interview with a Lebanese television station, US envoy Amos Hochstein on Thursday hailed the deal as "an agreement that could be credited for preventing chaos and further conflict throughout the region. "In the first time in a long time, Lebanon is the answer to the problems and not the cause of it," he continued. He added that the deal would ensure "economic prosperity for Lebanon, an assurance from conflict, securing Israel's northern borders", which he said would translate to "no war between Israel and Lebanon". (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Lebanon approves 'historic' sea border deal with Israel

German airline Lufthansa and pilots' union VC said on Tuesday they had reached a deal in a wage dispute, averting a second strike that had been planned for later this week.

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Canada and Germany has signed a deal to start hydrogen shipments by 2025. The deal aims to create transatlantic Canada-Germany supply corridor. This is a long term deal to receive green hydrogen from Canada.

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The United Nations Security Council commended the landmark grain deal that allows the export of Ukrainian grain amid the ongoing Russian invasion of Ukraine.

Zelensky visits black sea port as Ukraine prepares to ship out grain

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