DIRS.INFO The most relevant business & tech news

☆ UK's next government will find tax rises hard to avoid
▼ + stars: | 2023-11-20 | by ( David Milliken | ) www.reuters.com time to read: +7 min

But tax rises will be very hard to avoid for whichever party forms the next government, says James Smith, a former Bank of England economist who is research director at the Resolution Foundation, which focuses on issues affecting low and middle earners. For earlier governments, the main way to increase tax levels has been to raise the rate of national insurance - a payroll tax paid by employers and employees - and, in the Conservatives' case, higher value-added tax. Annual GDP growth averaged 2.0% from 2010-2019, compared with 3.0% from 1997-2007. Asked on Sunday about widespread reports of looming tax cuts, Hunt told Sky News: "Everything is on the table ... Higher-than-expected inflation has boosted tax revenue and overall GDP in cash terms, giving more leeway against fiscal targets as most public services' spending budgets are fixed.

Persons: Susannah Ireland, Jeremy Hunt, Rishi Sunak's, James Smith, Smith, Britain's, It's, Carl Emmerson, Hunt, Foundation's Smith, David Milliken, Mike Harrison Organizations: REUTERS, Labour Party, Bank of England, Organisation for Economic Co, Development, Britain, Conservatives, Fiscal Studies, Foundation, Reuters, Monetary Fund, Institute for Government, Sky News, British, Reuters Graphics, Thomson Locations: City, London, Britain, Ukraine

☆ 100-year-old explains how he still has $1 million saved: 'I always lived within my means. I'm not a gambler.'
▼ + stars: | 2023-11-16 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

In addition to the death of his wife, Martha, in 2022, Stovall has lost nearly all of his friends. Before he retired at 65, Stovall worked for almost half a century in the steel industry, including almost 30 years with LBFoster. He's held many titles: sales manager, marketing manager, property manager. After he speaks to Martha's ashes in the morning, Stovall makes himself breakfast. Bill and Martha Stovall.

Persons: Bill Stovall, Stovall, Martha, He's, Janice, Bruce, Kaye, Toni, Robert, Charles, Bill, Martha Stovall Organizations: LBFoster, Social Security Locations: Cumming , Georgia, Belém, Brazil, Atlanta, Duluth , Georgia, LBFoster, Cumming

PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance Morgan Stanley named Palo Alto (PANW) its "top pick" ahead of the cybersecurity name's first-quarter earnings release on Wednesday. "Our latest checks largely support a positive view, with partners citing durable demand as customers consolidate on the broader [Palo Alto] platform." Meanwhile, analysts at Cantor Fitzgerald raised their price target for Palo Alto to $280 from $250, a 9.8% upside from the stock's Monday trading level of $255. PG YTD mountain Procter & Gamble (PG) year-to-date performance Jefferies initiated coverage of Procter & Gamble (PG) with a buy rating on shares, citing the company's solid fundamentals and durable earnings stream. Moreover, Procter & Gamble sells the kinds of staples consumers will buy even when budgets are stretched as their are few alternatives.

Persons: Morgan Stanley, Palo, billings, Hamza Fodderwala, Cantor Fitzgerald, we've, Edward Jones, Jefferies, Gamble, Jim Cramer's, Jim Cramer, Jim Organizations: Palo Alto Networks, Palo Alto, Oracle, Nvidia, Microsoft, Constellation, Jefferies, Constellation Brands, Management, Procter & Gamble, Procter, Gamble, CNBC, New York Stock Exchange, NYSE Locations: Palo, Alto

☆ Vatican rules some transgender people and babies of same-sex couples can be baptized
▼ + stars: | 2023-11-09 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +4 min

Rome CNN —A new ruling by the Vatican’s doctrine department has opened the door to Catholic baptism for transgender people and babies of same-sex couples. Regarding transgender people, the document says a person who identifies as transgender can be baptized like any other adult, “as long as there is no risk of causing scandal or disorientation” to other Catholics. Children who identify as transgender can also be baptized if “well prepared and willing,” it says. The document cites several sermons by Pope Francis for the ruling. In each circumstance, the priest is asked to use “pastoral prudence” in deciding whether to allow a transgender person’s participation.

Persons: Rome, Giuseppe Negri, Pope Francis, Evangelii Gaudium, ”, Francis DeBernardo, Pope Francis ’, ” DeBernardo Organizations: Rome CNN, New Ways Ministry, Catholic Locations: United States

☆ Transsexuals Can Be Baptized Catholic, Serve as Godparents, Vatican Says
▼ + stars: | 2023-11-08 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

By Philip PullellaVATICAN CITY (Reuters) - Transsexuals can be godparents at Roman Catholic baptisms, witnesses at religious weddings and receive baptism themselves, the Vatican's doctrinal office said on Wednesday, responding to questions from a bishop. A person in a same-sex relationship could also be a witness at a Catholic wedding, the office said, citing current Church canonical legislation which contained no prohibition against it. The Brazilian bishop sought guidance on whether a same-sex couple who had adopted a child or obtained it from a surrogate mother could have that child baptized in a Catholic ceremony. The response said that for the child of a same-sex couple to be baptized, there had to be "a well-founded hope that it would be educated in the Catholic religion". There was a similarly nuanced response to a question whether a person in a same-sex relationship could be a godparent at a Church baptism.

Persons: Philip Pullella, Bishop Jose Negri, Santo, Argentine Cardinal Víctor Manuel Fernández, Pope Francis, Francis, David Gregorio Organizations: CITY, Argentine Locations: Santo Amaro, Brazil

☆ Transsexuals can be baptized Catholic, serve as godparents, Vatican says
▼ + stars: | 2023-11-08 | by ( Philip Pullella | ) www.reuters.com time to read: +2 min

VATICAN CITY, Nov 8 (Reuters) - Transsexuals can be godparents at Roman Catholic baptisms, witnesses at religious weddings and receive baptism themselves, the Vatican's doctrinal office said on Wednesday, responding to questions from a bishop. A person in a same-sex relationship could also be a witness at a Catholic wedding, the office said, citing current Church canonical legislation which contained no prohibition against it. The Brazilian bishop sought guidance on whether a same-sex couple who had adopted a child or obtained it from a surrogate mother could have that child baptized in a Catholic ceremony. The response said that for the child of a same-sex couple to be baptized, there had to be "a well-founded hope that it would be educated in the Catholic religion". There was a similarly nuanced response to a question whether a person in a same-sex relationship could be a godparent at a Church baptism.

Persons: Bishop Jose Negri, Santo, Argentine Cardinal Víctor Manuel Fernández, Pope Francis, Francis, Philip Pullella, David Gregorio Our Organizations: CITY, Argentine, Thomson Locations: Santo Amaro, Brazil

☆ Central banks look to have hit peak rates. Here's how markets think they'll come down
▼ + stars: | 2023-11-07 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

The U.S. Federal Reserve, European Central Bank and the Bank of England dramatically hiked rates over the last 18 months in a bid to tame runaway inflation. Reid also highlighted that this is the seventh time this cycle that markets have notably reacted on dovish speculation. "Clearly rates aren't going to keep going up forever, but on the previous 6 occasions we saw hopes for near-term rate cuts dashed every time. In clear, waiting for inflation to reach 2% before cutting rates would be 'overkill,'" Moëc said. However, minutes from last week's meeting reiterated the Monetary Policy Committee's expectations that rates will need to stay higher for longer, with U.K. CPI holding steady at 6.7% in September.

Persons: Jerome Powell, Brendan McDermid, nonfarm payrolls, DBRS Morningstar, Jim Reid chalked, Reid, we've, Gilles Moëc, Moëc, Christine Lagarde, Yannis Stournaras Organizations: Federal Reserve, New York Stock Exchange, U.S . Federal Reserve, European Central Bank, Bank of, Fed, PCE, DBRS, Deutsche Bank, ECB, AXA, National Bank of Greece, of, Bank of England, CPI, BNP Locations: New York City, Bank of England, U.S, Europe

☆ CVC IPO efforts may not be third-time lucky
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Nov 2 (Reuters Breakingviews) - CVC Capital Partners’ ambitions to become a publicly traded diversified asset manager are on the back burner. Shares of rival managers have been pummelled as investors fret over the Gaza conflict, a weakening economy and whether buyout groups can continue to flourish in an era of higher interest rates. True, interest rates may fall. But geopolitical tensions are unlikely to die down, given unresolved issues in the Middle East and Ukraine. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Dado Ruvic, Pamela Barbaglia, Aston Martin, Neil Unmack, Oliver Taslic Organizations: REUTERS, Reuters, Partners, Financial Times, Moody’s, Pfizer, Thomson Locations: Amsterdam, Ukraine, Luxembourg, Gaza, East

☆ Be cautious, dove Visco tells ECB on last day as council member
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker/File Photo Acquire Licensing RightsROME, Oct 31 (Reuters) - The European Central Bank (ECB) should be cautious in coming months having hiked rates steeply to curb inflation, Bank of Italy Governor Ignazio Visco said on Tuesday on his last day in office. In a speech to bankers in Rome Visco, long seen as a dove on the ECB's governing council, reiterated his frequent calls for prudence. "I think the (ECB's) orientation to keep rates at current levels for a sufficiently long period of time... is a wise decision," Visco said. Visco will be replaced as Bank of Italy governor by Fabio Panetta, a former member of the ECB executive board.

Persons: Heiko Becker, Ignazio Visco, Rome Visco, Visco, Fabio Panetta, Giuseppe Fonte, Angelo Amante, Gavin Jones Organizations: European Central Bank, REUTERS, Rights, Bank of Italy, Bank of, ECB, Thomson Locations: Frankfurt, Germany, Rome, Bank of Italy

☆ Poland's Bank Millennium aims to conclude 1,000 settlements a quarter on FX loans
▼ + stars: | 2023-10-27 | by ( Marta Maciag | ) www.reuters.com time to read: +3 min

A logo of Millennium bank, Polish unit of Portugal's Millennium BCP, is pictured on the flag in front of the bank headquarters in Warsaw, Poland April 28, 2016. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsGDANSK, Oct 27 (Reuters) - Poland's Bank Millennium (MILP.WA) aims to conclude 1,000 settlements every quarter with customers regarding Swiss franc loans, Chief Executive Joao Bras Jorge said on Friday. Last year the Polish government introduced a so-called credit vacation to help borrowers deal with higher interest rates in Poland. Bank Millennium, majority owned by Portugal's Millennium bcp (BCP.LS), said it will not propose a dividend for 2023. Bank Millennium posted a third quarter net profit of 103 million zlotys ($24.40 million), reversing a 1 billion zloty loss a year earlier.

Persons: Kacper, Joao Bras Jorge, Jorge, Fernando Bicho, Bicho, Marta Maciag, Adrianna Ebert, Anna Banacka, Susan Fenton Organizations: REUTERS, Swiss, Bank, Portugal's, Thomson Locations: Warsaw, Poland, GDANSK, Switzerland

☆ New Zealand's economy poses challenge for election victor
▼ + stars: | 2023-10-11 | by ( Lucy Craymer | ) www.reuters.com time to read: +5 min

[1/2] Christopher Luxon, Leader of the National Party, speaks at the New Zealand National Party’s election campaign launch in Auckland, New Zealand, September 3, 2023. That will stiffen the challenge for the nation's two major parties, the centre-left Labour Party and the centre-right National Party, to deliver its agenda where rising prices and government debt have been hot-button election issues. At the same time government borrowing costs are increasing and the country’s ballooning current account deficit poses a risk to the country’s credit rating. Kelly Eckhold, chief economist at Westpac New Zealand said tough fiscal choices face an incoming government. ($1 = 1.6551 New Zealand dollars)Reporting by Lucy Craymer Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Christopher Luxon, David Rowland, won’t, Kelly Eckhold, ”, Lucy Craymer, Shri Navaratnam Organizations: National Party, New Zealand National, REUTERS, Rights, Labour Party, Bank, Bank of New, National, Statistics New Zealand, Reserve Bank of New, Labour, NZ, Westpac New Zealand, Zealand, Thomson Locations: Auckland , New Zealand, Bank of New Zealand, New Zealand, Zealanders, Reserve Bank of New Zealand

☆ New Zealand's Economy Poses Challenge for Election Victor
▼ + stars: | 2023-10-10 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +4 min

That will stiffen the challenge for the nation's two major parties, the centre-left Labour Party and the centre-right National Party, to deliver its agenda where rising prices and government debt have been hot-button election issues. “The Reserve Bank will need the government to do its bit if it is to cap the cash rate at the 5.5% it currently suggests,” analysts at Bank of New Zealand said in a note. DEBT, AND MORE DEBTThe biggest challenge for many New Zealanders is mortgage rates. At the same time government borrowing costs are increasing and the country’s ballooning current account deficit poses a risk to the country’s credit rating. Kelly Eckhold, chief economist at Westpac New Zealand said tough fiscal choices face an incoming government.

Persons: Lucy Craymer WELLINGTON, won’t, Kelly Eckhold, ”, Lucy Craymer, Shri Navaratnam Organizations: Reuters, Labour Party, National Party, Bank, Bank of New, National, Statistics New Zealand, Reserve Bank of New, Labour, NZ, Westpac New Zealand, Zealand Locations: Bank of New Zealand, New Zealand, Zealanders, Reserve Bank of New Zealand

☆ Italy's rising bond yields are a wake-up call, central bank warns
▼ + stars: | 2023-10-09 | by ( Giuseppe Fonte | ) www.reuters.com time to read: +3 min

The Bank of Italy building is seen downtown Milan, November 25, 2011. REUTERS/Stefano Rellandini/File Photo Acquire Licensing RightsSummary Italy's bond spread versus Germany's widest since JanuaryCentral bank calls for 'extreme' budget prudenceSays economy remained weak in Q3 after Q2 contractionSell-off plan seems like window dressing, audit court saysROME, Oct 9 (Reuters) - Italy's rising bond yields are a "wake-up call", the country's central bank said on Monday, urging the government to handle its budgetary policy with "extreme prudence". "The high debt is a serious element of vulnerability," the Bank of Italy said in a testimony to parliament. The Bank of Italy said weakness in economic activity continued in the third quarter of this year, after GDP shrank by 0.4% in the previous one. Over the past decade, proceeds from privatisation programmes have averaged less than 0.1% of national output per year, the Bank of Italy said.

Persons: Stefano Rellandini, Giorgia, Guido Carlino, Gareth Jones, Mark Potter Organizations: of, REUTERS, Bank of, Thomson Locations: of Italy, Milan, ROME, Bank of Italy, Ukraine, Israel, Rome, Greece's

☆ A First Look Inside the Studio of an Art-World Giant
▼ + stars: | 2023-10-05 | by ( Sarah Medford | Photography Adrian Gaut For Wsj. Magazine | ) www.wsj.com time to read: 1 min

THE BOX from abroad was small and nondescript. Inside, bubble-wrapped packets of aluminum foil were twisted into arcs and circles, some sprouting multipronged feet. “The customs agents opened the box and were unwrapping the foils—like, ‘Hey, what’s in here?’ ” says Prudence Fairweather, the recipient of the 2012 shipment. Inside were original models for large-scale sculpture by her late husband, John Chamberlain, who’d shaped each one by hand. They were bound for a retrospective of his work at New York’s Guggenheim Museum.

Persons: ’ ”, Prudence Fairweather, John Chamberlain, who’d, “, ” Organizations: New York’s Guggenheim Museum

☆ Pope Francis says some people in same-sex unions could be blessed
▼ + stars: | 2023-10-02 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +4 min

Rome CNN —Pope Francis has suggested for the first time that people in same-sex unions could be blessed by Catholic priests on a “case-by-case” basis, a seeming reversal of previous statements. The cardinals, Walter Brandmuller, Raymond Leo Burke, Juan Sandoval Iniguez, Robert Sarah and Joseph Zen Ze-kiun, first sent the letter to Pope Francis on July 10. It focused on an upcoming October meeting of bishops, asking what impact it could have on Church’s teaching, and included questions about the Pope’s intention to bless same-sex unions, and whether he intends to open the door to women priests through ordination. The Vatican then released a letter in Spanish dated September 25 signed by Cardinal Victor Manuel Fernández, the Vatican’s new chief of doctrine. The response includes Pope Francis’ answers to the dubia, signed “Francis.”On the issue of homosexual unions, the pontiff reiterated that the church only recognizes marriage as a union between a man and a woman, but opened the door for blessings of individuals in same-sex unions, the letter shows.

Persons: Rome, Rome CNN — Pope Francis, Pope, –, Walter Brandmuller, Raymond Leo Burke, Juan Sandoval Iniguez, Robert Sarah, Joseph Zen Ze, Pope Francis, Cardinal Raymond Burke, Burke, Cardinal Victor Manuel Fernández, Pope Francis ’, “ Francis, ”, Pope John Paul II, vaguer, “ Organizations: Rome CNN, Catholic, Church Locations: Cologne, Rome

☆ The US Air Force is buying a new missile as it makes plans to blast through enemy air defenses
▼ + stars: | 2023-10-02 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Russia and Ukraine are using their air defenses to deny each other control of the air. The US wants to avoid that, and it's working on a new missile to take down enemy air defenses. AdvertisementAdvertisementThe Russian and Ukrainian air forces have played a relatively minor role in the war in Ukraine. Both sides have tended to keep their aircraft over friendly territory rather than risk tangling with sophisticated enemy air defenses, such as Ukraine's US-made Patriot and Russia's S-400. Ukrainian air forceThe US military currently uses the AGM-88E Advanced Anti-radiation Guided Missile, or AARGM, which is an upgraded HARM.

Persons: —, it's, James Hecker, Hecker, Northrop Grumman, Northrop, Northrop Grumman What's, they've, " Hecker, Michael Peck Organizations: Service, US Air Forces, Air and Space Forces Association, Ukrainian, Press, Ukrainian Armed Forces General Staff, Handout, REUTERS, US Air Force, Radiation, Storm, US, Air and Space Forces Magazine, Joint, Air Force, Defense, Foreign Policy, Twitter, LinkedIn Locations: Russia, Ukraine, Ukrainian, Europe, Kharkiv, Vietnam, Iran, North Korea, Forbes

MANCHESTER, England (AP) — Britain’s Treasury chief is to announce a hike in the national minimum wage on Monday, as the governing Conservative Party tries to persuade voters it is on the side of those who are struggling financially. Chancellor of the Exchequer Jeremy Hunt has ruled out tax cuts, saying they would fuel inflation. The exact amount will be set after a recommendation by the Low Pay Commission, an advisory body. The right-of-center Tories, in power since 2010, are lagging far behind the center-left opposition Labour Party in opinion polls. Truss, whose plan for billions in unfunded tax cuts spooked the financial markets, is calling for the party to “revive Conservative values” such as “cutting red tape, lower(ing) taxes and trusting that markets will find the solutions we all want.”

Persons: Jeremy Hunt, Hunt, ” Hunt, “, Rishi Sunak, Sunak, Liz Truss, Boris Johnson, pocketbooks, Suella Braverman, Kemi Badenoch, James, Truss, ” Organizations: —, Treasury, Conservative Party, Conservatives, Low, Commission, U.K, Sky News, Labour Party, European Union Locations: MANCHESTER, England, Ukraine, Britain, Manchester

☆ Chinese hedge fund punished for "inappropriate" staff behaviour -AMAC
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Sept 30 (Reuters) - Shanghai Minghong Investment Management Co, one of China's largest quantitative hedge funds, has been banned from registering new products for three months due to "inappropriate" staff behaviour, the Asset Management Association of China said. Shanghai Minghong failed to conduct effective internal control over issues such as employees' "inappropriate comments" about the company's peers on social media and failed to promptly urge them to make rectifications, the association said in a statement dated Sept. 29. The measures against Shanghai Minghong, established in 2014, come as the sector rapidly expands, with total funds managed nearly doubling to more than 1.08 trillion yuan ($148 billion) in 2021 from a year earlier, according to industry estimates. Shanghai Minghong could not be immediately reached for comment on Saturday due to a public holiday in China. ($1 = 7.3010 Chinese yuan renminbi)Reporting by Ryan Woo and Tina Qiao; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Shanghai Minghong, Ryan Woo, Tina Qiao, Kirsten Donovan Organizations: Shanghai Minghong Investment Management Co, Asset Management Association of China, China Securities, Shanghai Minghong, Shanghai, Thomson Locations: BEIJING, Shanghai, China

But the executive transition does not settle another potential power play that could occur upon Rupert Murdoch’s death, as framed by a document called the Murdoch Family Trust. It is the vehicle through which the elder Murdoch controls News Corp and Fox Corp, through a roughly 40% stake in voting shares of each company. The Murdoch Family Trust has eight votes: four of which are controlled by Murdoch, and the remaining four controlled by the four children from his first two marriages. Upon succession, the four older children will equally inherit Murdoch’s voting shares in the trust, according to Alice Enders, Head of Research at Enders Analysis. The shares in Fox and News Corp owned by Murdoch’s children through the trust are a combination of both classes of shares.

Persons: Rupert Murdoch, Lachlan, Mike Blake, Lachlan Murdoch, Rupert Murdoch’s, Murdoch, Prudence, Elisabeth, James –, Murdoch’s, Chloe, Grace, Wendi Deng, Alice Enders ,, “ It’s, ”, Enders, “, Helen Coster, Stephen Coates Organizations: Fox Executive, Allen, REUTERS, News Corp, Corp, Fox Corp, Trust, The, Alice Enders , Head, Research, Enders Analysis, Fox, Thomson Locations: Sun Valley , Idaho, Murdoch, The Reno , Nevada, Melbourne, New York

Over the years, Murdoch's family has also risen into the spotlight — accompanied by stories of vindictive business tactics and inter-family rivalries. WHO IS LACHLAN MURDOCH? Lachlan has been CEO for Fox Corp. since 2019, following Disney's acquisition of 21st Century Fox. Lachlan rose to executive ranks of the family business, then known collectively as News Corp, in the 1990s and early 2000s. James Murdoch is Lachlan's younger brother, also among the children from their father's second marriage.

Persons: Rupert Murdoch, Lachlan, Murdoch, Australia —, James, Elisabeth, Prudence, ” Murdoch, LACHLAN MURDOCH, Lachlan Murdoch, Anna, —, Fox's, Roger Ailes, JAMES MURDOCH, James Murdoch, James —, ” James, Murdochs, ELISABETH MURDOCH, Elisabeth Murdoch, Murdoch's, PRUDENCE MURDOCH MACLEOD, Prudence Murdoch MacLeod, Patricia, Prudence didn’t, CHLOE MURDOCH, Grace, Chloe Murdoch, Rupert Murdoch’s, Wendi Deng, Chloe, Kathryn Murdoch Organizations: — Media, Monday, Fox News, News Corp, HBO, Fox Corp, Fox, Century Fox, Fox Television, New York, CNN, Illyria Pty, WHO, News . Corp, Street Journal, Harvard University, Rawkus Records, Star India, Sky, British Sky Broadcasting, Sky Networks, Shine, Endemol, Times Newspapers, News UK, Yale University, Stanford University, AP Locations: Adelaide, Australia, U.S

☆ Rupert Murdoch completes the real-life 'Succession' story. Here's how his son Lachlan rose to the top.
▼ + stars: | 2023-09-21 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Rupert Murdoch announced he is stepping down as the leader of Fox and News Corp.His elder son, Lachlan, will take over both companies, ending a decades-long family drama. She quit the family business years ago. AdvertisementAdvertisementThat left Lachlan and James, who have passed the title of successor between the two of them over the decades. For much of the 2000s and 2010s, it seemed as if James would eventually take over the family business. AdvertisementAdvertisementMeanwhile, Murdoch's favorite son, Lachlan, has been a Roman Roy-esque wild card, with the same right-wing politics as the "Succession" character.

Persons: Rupert Murdoch, Lachlan, HBO's, Lachlan Murdoch, Murdoch, —, Logan Roy, I'm, Murdoch's, Michael Wolff, — Elisabeth, James —, Murdoch didn't, Jonathan Mahler, Jim Rutenberg, Elisabeth, Siobhan Roy, James, Kendall Roy, Wolff, Kendall, Roman Roy, Fair's Gabriel Sherman, Lachlan weren't, Sherman Organizations: Fox, News Corp, Service, Fox Corp, Fox News, Street, New, New York Post, Fair, New York Times, Wall, Century Fox, latter's, New York Magazine Locations: Wall, Silicon, New York, Roman, Australia

NEW YORK (AP) — Rupert Murdoch, the 92-year-old Australian media magnate whose creation of Fox News made him a force in American politics, is stepping down as leader of both Fox's parent company and his News Corp. media holdings. Fox said Thursday that Murdoch would become chairman emeritus of both companies, effective at board meetings in November. Stock in Fox Corp., while positive this year, began to decline early in 2022, due in part to lawsuits and investor anxiety over the loss of viewers to smaller media outlets. While Murdoch never ran for political office, politicians in the United States and Britain anxiously sought his approval. Murdoch dismissed them as isolated instances that were “largely political because we're conservative.”Shares of News Corp. and Fox rose Thursday in early trading.

Persons: — Rupert Murdoch, Fox, Murdoch, Lachlan, Lachlan Murdoch, Rupert Murdoch, Tucker Carlson, Michael Wolff, ”, Paolo Pescatore, ” Murdoch, James, Elisabeth, Prudence, Donald Trump, Wolff, Trump, Ron DeSantis, DeSantis, Britain's, Roger Ailes, Bill O'Reilly, ___, Kelvin Chan, Jill Lawless Organizations: Fox News, News Corp, Fox Corp, Fox, ABC, CBS, NBC, Street Journal, New York, Walt Disney Co, Marvel, Geographic, Channel, CNN, MSNBC, Stock, “, Foresight, HBO, Forbes, Florida Gov, Sky, Sunday Times, Sun Locations: Adelaide, Australia, United States, Britain, Sky, London

☆ Os Tincoãs Were Almost Forgotten. A New Generation Found Their Music.
▼ + stars: | 2023-09-19 | by ( Carlos Albuquerque | ) www.nytimes.com time to read: +2 min

A figure dressed in white sat onstage, guitar in hand, and the imposing baritone voice of Mateus Aleluia — the only active member of Os Tincoãs, a group from Bahia, Brazil, revered for its heavenly vocal harmonies and songs about the Yoruba mythology — reverberated throughout the venue. “Because of my age, I represent prudence, and those kids who showed up to sing with me on the show represent impetus. Despite the singalong, Os Tincoãs were never pop stars in Brazil. Their three main albums, “Os Tincoãs” (1973), “O Africanto dos Tincoãs” (1975) and “Os Tincoãs” (1977), were not successful when they were released, and the band split in the early 1980s. But now, Os Tincoãs — which took its name from a bird with a long tail and a call similar to the moan of a cat that’s common in the forests around Cachoeira — is being rediscovered by Brazilian audiences and a new generation of artists.

Persons: Mateus Aleluia —, Aleluia, “, ”, ” Aleluia, Tincoãs Locations: Rio de Janeiro, Bahia, Brazil, Cachoeira

☆ Greek PM to call for reforms, fiscal prudence after deadly storm - sources
▼ + stars: | 2023-09-16 | by ( Renee Maltezou | ) www.reuters.com time to read: +3 min

Greek Prime Minister Kyriakos Mitsotakis speaks to journalists, in the aftermath of Storm Daniel in central Greece, in Larissa, Greece, September 8, 2023. REUTERS/Kostas Mantziaris/File Photo Acquire Licensing RightsATHENS, Sept 16 (Reuters) - Greek Prime Minister Kyriakos Mitsotakis is expected to announce state reforms and relief measures in a keynote speech on Saturday, days after a devastating rainstorm killed at least 17 people, sources said. The storm swept through Thessaly in central Greece for three days flooding cities and villages and turning the region into an inland sea. So we need to make more changes," one of the officials said, adding that fiscal prudence was necessary due to the relief measures for Thessaly. Greece will include any extra spending in a supplementary budget for 2023, which will not derail the country's fiscal progress, a second official said.

Persons: Kyriakos Mitsotakis, Storm Daniel, Kostas Mantziaris, Daniel, Greece's, Mitsotakis, Renee Maltezou, Lefteris Papadimas, David Holmes Organizations: REUTERS, Rights, European Union, Mega TV, Thomson Locations: Greece, Larissa, Thessaly

☆ Greek PM to call for reforms, fiscal prudence after deadly storm
▼ + stars: | 2023-09-16 | by ( Renee Maltezou | ) www.reuters.com time to read: +3 min

Greek Prime Minister Kyriakos Mitsotakis speaks to journalists, in the aftermath of Storm Daniel in central Greece, in Larissa, Greece, September 8, 2023. The storm swept through Thessaly in central Greece for three days flooding cities and villages and turning the region into an inland sea. "We still have a state which, despite the reforms, does not correspond to current needs. So we need to make more changes," one of the officials said, adding that fiscal prudence was necessary due to the relief measures for Thessaly. Greece will include any extra spending in a supplementary budget for 2023, which will not derail the country's fiscal progress, a second official said.

Search resuls for: "Prudence"

25 mentions found