• Reuters

    Rupert Murdoch's News Corp to sell Foxtel to Britain's DAZN for $2.1 billion

    SYDNEY (Reuters) -News Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion ($2 billion) including debt, cutting the Murdoch-controlled media empire's exposure to a business up-ended by streaming platforms. News Corp will gain a board seat and hold a 6% stake in DAZN, a London-headquartered streaming platform available in North America, Europe, and Asia and backed by Ukranian-born billionaire Len Blavatnik. Blavatnik, a dual U.S. and British citizen, owns DAZN through his New York based investment firm Access Industries, whose investment portfolio is valued at more than $35 billion.

  • Associated Press

    Tens of thousands displaced by ethnic violence in northeast India suffer squalid conditions in camps

    Phalneivah Khonsai ran for her life when violence struck her neighborhood in India's restive northeast, carrying just the bare essentials in the hope that she and her family could return soon. Khonsai, her husband and three children left behind their house, which was torched by a mob, and made for the hills, where thousands of people from their community headed for safety. The relief camp is in Kangpokpi, about 50 kilometers (30 miles) from Imphal, the capital of India's northeastern Manipur state, which has been wracked by ethnic violence since last year.

  • Sky News

    Honda and Nissan announce plans to merge after the Japanese car giants struggle to match rivals in electric vehicles

    Japanese car giants, Honda and Nissan, have announced plans to merge. The two companies said they had signed a memorandum of understanding, which would also include the smaller Nissan Alliance member, Mitsubishi Motors, in the talks on integration. Japan's car makers have struggled to match their big rivals in electric vehicles (EVs) and are trying to cut costs.