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Pfizer to acquire sickle cell drugmaker GBT for $5 bn

American drugmaker Pfizer announced a deal on Monday to acquire Global Blood Therapeutics, makers of a recently approved treatment for sickle cell disease, for $5.4 billion.

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US stocks open higher ahead of crucial inflation data

Wall Street stocks opened on a high note Monday ahead of a final salvo of corporate results and with crucial inflation figures on the horizon.

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EU plan to cut gas use by 15% comes into effect

An EU plan to cut gas consumption across the bloc by 15 percent to cope with an energy price crisis spurred by Russia's war in Ukraine comes into effect on Tuesday.

The EU regulation enshrining the plan agreed two weeks ago by the 27-nation bloc was published Monday in the European Union's official administrative gazette, with the stipulation it would take force from Tuesday.

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Razoni grain ship no longer docking in Tripoli

The Sierra Leonian-flagged Razoni ship, carrying 26,000 metric tons of corn for chicken feed that departed from Odesa last Monday will no longer dock in the northern Lebanese port.

According to Marine Traffic, it changed its status on Saturday to "order," meaning the ship was waiting for someone to buy the corn.

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Syria more than doubles petrol prices

Syria's internal commerce ministry has announced a petrol price hike of around 130 percent in the war-torn country facing fuel shortages and extended power cuts. 

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First Ukraine grain shipment's arrival in Lebanon 'postponed'

The first shipment of Ukrainian grain since Russia's invasion will no longer arrive in the northern Lebanese port city of Tripoli on Sunday as planned, Ukraine's embassy in Beirut said.

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Lebanon-bound ship brings hope, not solution to food crisis

A ship bringing corn to Lebanon's northern port of Tripoli normally would not cause a stir. But it's getting attention because of where it came from: Ukraine's Black Sea port of Odesa.

The Razoni, loaded with more than 26,000 tons of corn for chicken feed, is emerging from the edges of a Russian war that has threatened food supplies in countries like Lebanon, which has the world's highest rate of food inflation -- a staggering 122% -- and depends on the Black Sea region for nearly all of its wheat.

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UN: World food prices drop again after Ukraine grain pact

World food prices fell sharply in July, partly thanks to a deal between Ukraine and Russia lifting a sea blockade that had stopped Ukrainian grain shipments, a U.N. agency said Friday.

Food prices soared to a record high in March after Russia invaded Ukraine, raising fears that the conflict between two of the world's breadbaskets would spark hunger in countries relying on their exports.

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Musk countersuit accuses Twitter of fraud

Elon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he said held back necessary information and misled his team about its true user base, according to media reports.

According to The Washington Post, the countersuit filed by the billionaire and Tesla CEO filed Thursday alleges that Twitter committed fraud, breach of contract and violation of the Texas Securities Act.

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Dutch government, farmers in talks on emission cut targets

Representatives of Dutch farmers were meeting Friday with Prime Minister Mark Rutte and other Cabinet ministers to discuss the government's nitrogen emissions reduction goals that have sparked disruptive protests in recent weeks.

But the prospect of success appeared slim, with two main activist farmers' organizations demanding concessions and not attending because they have no trust in the veteran politician appointed to act as intermediary. They say the mediator, Johan Remkes, is not independent.

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