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Rupert Murdoch, business magnate, steps down as chair of Fox and News Corp. Key topics discussed include the significance of Murdoch's departure, power dynamics within News Corp, Russia's energy export ban, the Bank of England holding interest rates, and analysis of inflation data.
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- Rupert Murdoch is stepping down as chair of Fox and News Corp, marking the end of an era and sparking interest in the media industry and politics.
- Russia's energy export ban on diesel and petrol raises concerns of using oil as a weapon, impacting the oil market and increasing uncertainty among investors.
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Rupert Murdoch steps down as chair of Fox and News Corp
Rupert Murdoch, the powerful media billionaire, is stepping down as chair of Fox and News Corp, marking the end of an era. His son, Lachlan Murdoch, will take over the reins. Despite the change in title, Rupert Murdoch still intends to have a significant presence in the company and will continue to have an influence on its direction. This transition in power is closely watched not just in the media industry, but also in politics, as it affects various titles and properties owned by News Corp across different countries.
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