Rupert Murdoch has announced that he's stepping down from running one of the world's most powerful media empires. The ninety-two year-old says he's transitioning from his roles as Chair of Fox Corporation and Executive Chairman of News Corporation to the position of emeritus chairman.

The European Union has temporarily suspended funding for the World Food Programme in Somalia. This comes after a UN investigation found what it says is evidence of widespread theft and alleged misuse of aid meant to prevent famine. The European Commission gave more than 7 million dollars in aid to the World Programme's operations in Somalia last year.

One of Japan's most well-known corporations, Toshiba, has been sold to a private consortium -- which will end its seventy-four years as a listed company.

The UK Prime Minister, Rishi Sunak has announced an overhaul of the government's green commitments. He says it will still meet net zero targets by 2050.

Rishi Sunak, described the changes as a new, realistic approach to achieving net-zero carbon use, which would help hard-pressed families.

US Federal Reserve officials are expected to keep rates on hold for now. They currently sit in a range of 5.25 to 5.5 percent - the highest they've been for 22 years. But one consequence is that this is gumming up the US housing market because people are reluctant to move and face higher monthly mortgage payments.

Sam Fenwick hears from a US homeowner who is reluctant to downsize or scaleup mortgage payments because of the high interest rates.

The parents of FTX founder Sam Bankman-Fried are being sued for money they allegedly received from the crypto firm ahead of its collapse.

Also, why retailers including H&M are clamping down on customer returns.

Global oil prices have reached their highest level in more than ten months. Brent crude rose above ninety-five dollars a barrel on Tuesday. The increase is being driven by production cuts by two of the world's largest oil exporters, Saudi Arabia and Russia. The International Energy Agency has warned of a significant supply shortfall by the end of the year. Oil prices surged to more than a-hundred-and-twenty dollars a barrel after Russia invaded Ukraine last year, but fell back to seventy dollars in May.

Sam Fenwick hears about how the oil price hike is affecting taxi drivers and airlines.

Union negotiators continued talks with representatives from General Motors, Ford and the Jeep-maker Stellantis today, as a historic strike by workers at America's top three car manufacturers entered the fourth day.

The United Auto Workers union is seeking a 40% pay rise over a four year term, far more than the roughly 20% the companies have currently put on the table.

The car workers strike in the US enters day 4 today with the president of the United Auto Workers union, Shawn Fain preparing to meet again with bosses at General Motors, Ford and Stellantis. The workers want a 40% pay increase - the same rate their CEOs’ pay grew in recent years.

The price of oil is reaching 95 dollars a barrel for the first time since November last year. Growing supply tightness and dwindling stockpiles have led into the increase in prices which in turn will start to affect how much you pay at the pump.

Water suppliers in Johannesburg, South Africa, have asked residents of the city and its suburbs to use less water because of a water shortage that they warn could “result in the collapse of the system”.

US President Joe Biden has sided with workers who have gone on strike in a pay dispute with three of America's biggest car-makers. In a meeting on Friday he said "workers deserve a fair share". We hear what the workers are accusing the plants about which are owned by General Motors (GM), Ford and Stellantis.

Prices for Uranium have surged to their highest level for 12 years as countries try to protect stocks for nuclear power production. We take a look at where there is a huge demand for this metal.

And Disney boss Bob Igor recently hinted that it was going to sell off it's TV network, ABC. Well media entrepreneur Byron Allen has put his name in the ring to buy the station. We find out if his 10 billion dollar bid is a decent valuation.

More than 10-thousand employees at three of America's biggest car makers have gone on strike over pay and conditions. It's the first time that the United Autoworkers Union has simultaneously targeted all three of the main US car manufacturers - General Motors, Ford and Stellantis.

Nearly 150 thousand U.S. auto workers are set to go on strike this week if General Motors, Ford, and Stellantis fail to meet their demands for big pay raises.

Workers want a 46% pay increase and the restoration of concessions workers made years ago when the companies were in financial trouble.

The United Auto Workers union, has threatened to strike any of the three companies that haven’t reached an agreement by the time its contract with the union expires.