Rupert Murdoch, then co-chairman of Twenty-First Century Fox Inc., and his son Lachlan Murdoch in Sun Valley, Idaho, in 2018. The Murdoch family dispute playing out in an obscure Nevada courtroom underscores the state’s growing popularity as a global hub for family trusts and friendly home to the world’s biggest fortunes. According to legal industry … Read more
(Bloomberg) — European stocks look set to follow their Asian peers higher on bets that the next U.S. consumer price report will allow the Federal Reserve to begin easing policy in September. Most read on Bloomberg Euro Stoxx 50 futures rose 0.3%, while U.S. equity contracts traded little changed. MSCI’s benchmark index for Asian shares … Read more
Wages in the eurozone’s biggest economy are rising at their fastest pace this century, fuelling concerns among some economists about the European Central Bank’s expected interest rate cut next month. Negotiated wages in Germany are expected to jump 5.6 percent in 2024, based on agreements reached between January and June, according to data published Tuesday … Read more