Around the world in 47 seconds

🌾🇺🇦 Ukraine grain, explained: On Friday, Russia and Ukraine signed separate UN-backed agreements to resume exports of millions of tons of Ukrainian grain that were trapped due to Russian blockades as part of its broader invasion of the country. The deal appeared in jeopardy hours later after Russia launched missiles at the port city of Odesa in violation of its commitments – but Ukrainian officials indicated they still intend to move ahead with the agreement.

🇮🇹 Italy’s headed to the polls: President Sergio Mattarella accepted the resignation of PM Mario Draghi after rejecting his first attempt last week, but asked Draghi to stay on as caretaker until snap elections are held on September 25.

🇹🇳 Tunisia preps for constitutional changes amid debt crisis: President Kais Saied plans to overhaul the country’s political system in a constitutional referendum held later today. Tunisia is dealing with large amounts of outstanding public debt and one of the world’s highest public sector wage bills compared to the size of its economy. Along with Ukraine and El Salvador, Tunisia is one of Morgan Stanley's top three countries most likely to default on its public debt.