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The legal battle over Rupert Murdoch's media empire starts this week, focusing on a proposed change to his family trust that would consolidate voting power with his eldest son, Lachlan. The trial, held in Reno, Nevada, has drawn significant media interest, with requests to unseal court records.
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UK financial markets experienced a downturn on September 4, 2024, following a global sell-off that impacted various sectors. The FTSE 100 index fell to its lowest level in three weeks, driven by declines in housebuilder and energy stocks, while Rolls-Royce showed some recovery amid engine fault concerns.
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US existing home sales rose 1.3% in July, reversing a four-month decline, while the UK housing market saw a 19% increase in inquiries after the Bank of England cut interest rates. Both markets are experiencing improved buyer sentiment amid declining mortgage rates.
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Shares in Rightmove surged by up to 25% following news that Australia's REA Group, majority-owned by Rupert Murdoch's News Corp, is considering a takeover bid. The potential deal could be valued at around £4.4 billion, raising questions about the future of the UK's leading property portal.