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Murdoch's 'US better than UK for investment' quip sparks outrage in Britain
Jun 30, 1:26 pm
London, June 30 (ANI): News Corporation chief Rupert Murdoch has come under fire for suggesting that he would focus his media empire on the US because 'the English' had made him unwilling to invest any further in the UK
.Murdoch's anti-English outburst came during an interview with Fox News after New Corp confirmed that its newspaper arm would be split from the rest of the business.According to The Daily Express, critics slammed his "empty rhetoric" and said the media tycoon 'had been happy to base himself in Britain for years to build his worldwide empire.'"If he dislikes Britain it's because he has been found out in Britain," Brian Cathcart, professor of journalism at Kingston University said. "The culture which he engendered and sustained at the News of the World has been exposed. If he is wary of Britain, it's because of that," he added.Murdoch had said that he would prefer to invest News Corp's billions of dollars of cash in America than
Britain.He also said he would not make a new 8 billion pounds bid for control of British broadcaster BskyB. (ANI)
RIL-BP make gas discovery in KG-D6 block
May 25, 6:05 pm
Mumbai, May 25 (ANI): Reliance Industries Limited (RIL) has announced a huge natural gas discovery in the flagging eastern offshore KG-D6 block which would help in arresting falling output.
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News Corp. Board approved company's split into two public traded entities
May 25, 5:11 pm
London, May 25 (ANI): News Corporation Board has approved the split of its company into two publicly traded entities putting a step forward in separating its entertainment businesses from the publishing division.
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Japan's ORIX announces capital participation in major Mongolian financial firm
May 25, 1:40 pm
Tokyo, May 25 (ANI): Orix Corporation, a leading integrated financial services group of Japan, has announced its decision to foray into the Mongolian financial services business through an alliance with TenGer Financial Group (TFG), a major Mongolian financial group.
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China planning to give private businesses larger role in economy
May 25, 12:32 pm
Washington, May 25 (ANI): China is planning to give a larger role to private businesses and market forces in its economy.
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