- Microsoft and Activision Blizzard plan to continue working towards completing their $75 billion merger.
- The deal was set to expire but neither company intends to terminate it.
- Regulatory approval has been secured in Europe, China, and other markets.
- The only major obstacle to the deal closing is the Competition and Markets Authority in the UK.
- Closing the Activision deal is critical for Microsoft to bolster its presence in mobile gaming and expand its portfolio of titles.
Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.
Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.
A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec