Rupert Murdoch steps down, Lachlan Murdoch steps up

[ad_1] After Rupert Murdoch’s resignation, what is next for his media empire? Plus, TikTok and the Mafia: elements of the Italian underworld are surfacing online. The resignation of 92-year-old media magnate Rupert Murdoch has set in motion the long-awaited succession of his empire. What effect will his son Lachlan’s leadership have on media – and …

What risks do China’s shadow banks pose to the economy?

[ad_1] Zhongrong, one of China’s largest trusts, missed payments to clients in August. China’s secretive shadow banking industry includes gigantic financial institutions and is worth more than $3 trillion – that’s roughly the size of Britain’s economy. But, after years of exponential growth, several firms have defaulted on billions of dollars of payments to investors. …

US concerned by large Serbian military mobilisation near Kosovo

[ad_1] United States urges Belgrade to stand down after deployment of Serbian tanks and artillery near Kosovo border. The United States has urged Belgrade to pull its forces back from the border with Kosovo after detecting what it called an “unprecedented” Serbian military build-up. Serbia has deployed sophisticated tanks and artillery near the frontier with …