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A unit of Japan's Nomura Holdings agreed to pay a $35 million fine and enter a non-prosecution agreement

By Jonathan Stempel NEW YORK Sigma Lithium, which produces metal used in electric vehicle batteries, has sued a

Crypto exchange Binance.US has faced a series of legal and financial challenges as regulators have increased their scrutiny

Provides an overview of Tokelau, including key events and facts about this Pacific Ocean territory.

Microsoft has made a major change to its proposed takeover of the developer of Call of Duty, in yet another attempt to get it completed. The company is hoping to buy Activision Blizzard for $69 billion, or £54 billion, in what would be one of the biggest sales ever. But it has faced intense regulatory scrutiny, including by the UK’s Competition and Markets Authority, which has looked to block the deal. Now it has said that it has sent a fresh proposal for how the takeover would work in an attempt to convince the CMA that the deal should go ahead. But it has stressed that there is still no “green light” for the deal. It came as the regulator confirmed on Tuesday that Microsoft‘s original plan to buy the computer games company “cannot proceed”. Under the new proposal, Microsoft would sell off its rights to offer games via the cloud for new or existing Activision PC or console games for the next 15 years outside the European Economic Area (EEA). It will instead sell those rights to Ubisoft, a rival developer known for the Assassin’s Creed and Far Cry games series. This is designed to ensure that gamers have access to Activision Blizzard’s games, even on consoles and computers not made by Microsoft. The CMA will now launch a new probe into this deal, a so-called Phase 1 investigation. CMA chief executive Sarah Cardell said: “The CMA has today confirmed that Microsoft‘s acquisition of Activision, as originally proposed, cannot proceed. “Separately, Microsoft has notified a new and restructured deal, which is substantially different from what was put on the table previously “This is not a green light. We will carefully and objectively assess the details of the restructured deal and its impact on competition, including in light of third-party comments.” Microsoft president Brad Smith said: “Under the restructured transaction, Microsoft will not be in a position either to release Activision Blizzard games exclusively on its own cloud streaming service, Xbox Cloud Gaming, or to exclusively control the licensing terms of Activision Blizzard games for rival services.” It marks a new twist in the case, the biggest fight the CMA has taken on since gaining new post-Brexit powers. At one point the case looked like as though it would only end after a court battle. In January 2022 Microsoft announced that it planned to buy Activision Blizzard, the company behind the Call Of Duty and World Of Warcraft games, for an eye-watering sum. When the UK was still an EU member, a deal of that size would have been assessed by regulators in Brussels. But after Brexit the CMA now has the power to investigate such deals itself. Although both companies are American, both have significant businesses in the UK so their tie-up could have a significant impact on competition here. Activision Blizzard chief executive Bobby Kotick said: “For us, nothing substantially changes with the addition of this divestiture: our merger agreement with Microsoft, closing deadline, and the cash consideration to be paid for each Activision Blizzard share at closing remain the same. “We will continue to work closely with Microsoft and the CMA throughout the remaining review process, and we are committed to help Microsoft clear any final hurdles as quickly as possible. “This has been a longer journey than expected, and I am very proud of how focused everyone has remained on delivering great games.” Additional reporting by agencies Read More Meta could finally launch Threads feature everyone is waiting for Japanese scientists hoping for a message from alien life imminently iPhone 15 could bring two major changes to fix battery life Meta could finally launch Threads feature everyone is waiting for Japanese scientists hoping for a message from alien life imminently iPhone 15 could bring two major changes to fix battery life

Ukrainian forces appear to have stepped up their efforts to weaken Russian air superiority in the war by attacking bases that house supersonic warplanes deep inside Russian territory.

The U.S. Federal Trade Commission (FTC) said on Tuesday that it has appointed Henry Liu to serve as

The event may still be two months away, but things are certainly heating up for YouTubers KSI and Logan Paul’s fights against Tommy Fury and Dillon Danis respectively – to the extent Fury’s father John Fury flipped tables and brought Tuesday's (August 22) press conference to a dramatic halt. Things were already tense in the build-up, as Paul took to Instagram Live to claim Danis “lodged himself in his [hotel] room” and is “not showing up” for their filmed face-to-face, before Danis finally arrived 40 minutes late. And Danis couldn’t help but clap back on Twitter in relation to the delay, joking he “had a surprise in the hotel room for my birthday”, sharing yet another picture of Paul’s fiancée Nina Agdal. However, the real drama started when Danis walked on-stage with the same Toy Story alien hat worn by Paul in his infamous 2017 video from Japan’s Aokigahara forest in which he filmed a person who had died by suicide, and then launched Prime bottles into the audience. Paul, meanwhile, had his own surprise props, beginning with a poster appearing to show Danis in an altercation together with text saying “real fighter”, and ending with a birthday cake depicting a bloodied Danis knocked out on the floor. “Dillon Danis, the ‘real fighter’ who got choked out by a boxer in a club,” Paul said, while holding up the poster. Danis immediately retorted: “Your girl got f***ed by 75 other guys before you married her, shut the f*** up.” Elsewhere, Tommy Fury insisted “YouTube boxing will be done” if he wins, while KSI – real name Olajide “JJ” Olatunji – claimed “people are going to look at me differently” if he is victorious, joking that he is “the one that can see John Cena”. Though it was Fury’s father John, who was sat on stage with his son, who arguably stole the show, when he escalated things considerably. As the fighters trash talked each other, he intervened and said: “Can we stop this s***e? This is getting me down. “Let’s talk some proper stuff. People’s come here today to hear fighting talk, let’s hear it. “It’s not kindergarten stuff, it’s serious business – men’s gonna get put to sleep in a few weeks’ time, so let’s talk about how it’s gonna happen!” As he got increasingly agitated about wanting to get the “ball rolling”, Fury fumed: “Get the cake and shove it up you’re a***hole, before I do it.” Then, as he complained about the “antics” between the fighters, he was seen punching a table before flipping them over. As chaos ensued, Paul got the head of Danis from his cake and lobbed it at his opponent. The conference was then brought to a sudden pause, with a break in proceedings before the event resumed for a face-off between KSI and Fury – one which saw KSI push Fury away from him. No face-off took place between Danis and Paul. The boxing match involving all four fighters takes place in Manchester on 14 October. Sign up to our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

Tropical Storm Harold has made landfall on Padre Island, Texas, and will bring heavy rains and tropical storm

On New Year’s Eve, Colombian superstar Maluma bid farewell to his musical alter ego Papi Juancho

Dick's Sporting Goods warned Tuesday that retail theft is damaging its business and would lead to lower annual profits.

European Union climate chief Frans Timmermans will step aside from his role as he leads the Dutch left