Obtain free World updates
We’ll ship you a myFT Day by day Digest e mail rounding up the most recent World information each morning.
This text is an on-site model of our FirstFT publication. Signal as much as our Asia, Europe/Africa or Americas version to get it despatched straight to your inbox each weekday morning
Good morning.
Rupert Murdoch is stepping down as chair of Fox and Information Corp, marking the tip of an period for the highly effective media billionaire.
Lachlan Murdoch, his elder son, will grow to be sole chair of Information Corp and proceed as government chair and chief government of Fox, from mid-November.
The Australian-born mogul, 92, has over the previous seven a long time reworked an Adelaide newspaper that he inherited from his father into a worldwide media empire that’s feared and courted by politicians throughout the English-speaking world.
Nevertheless, Murdoch instructed staff that he would stay engaged within the firm as chair emeritus. He promised to “be concerned day by day within the contest of concepts”, as he hit out towards elites and different media retailers. Here’s the story.
Now we have extra on yesterday’s announcement, together with Murdoch’s farewell memo in full.
What do you consider Rupert Murdoch’s announcement? Has probably the most highly effective individual in information throughout the English-speaking world really retired? Let me know at firstft@ft.com — Tee
Right here’s what else I’m retaining tabs on in the present day:
-
Financial knowledge: S&P International has manufacturing and companies buying managers’ indices for the EU, France, Germany, the UK and the US. The UK additionally experiences August retail gross sales.
-
Pope Francis in France: President Emmanuel Macron will welcome the top of the Catholic Church to the port metropolis of Marseille for a two-day go to.
Yet one more factor: We’re launching our Central Banks publication for premium subscribers. Chris Giles will use almost 20 years of expertise because the Monetary Occasions’ economics editor to offer weekly insights on rates of interest and financial coverage as the worldwide battle towards inflation rages on. Don’t miss the primary subject subsequent Tuesday — sign up here.
5 extra high tales
1. Unique: Rishi Sunak plans to reshape the A-levels with a brand new “British baccalaureate” to modernise England’s schooling system, in accordance with senior Whitehall insiders. The prime minister’s transfer would require all 16-year-olds to check core topics, together with maths and English, in the event that they keep at school past GCSE degree. Here are more details from the radical plans.
2. US president Joe Biden pledged extra weapons to Ukraine after assembly Volodymyr Zelenskyy yesterday in Washington. The brand new $325mn bundle will embrace extra artillery, ammunition, anti-tank weapons, cluster munitions, a second Hawk air defence battery, and launchers and interceptors. Here’s why further assistance to Kyiv may be at risk.
3. Diesel costs in Europe have jumped after Russia barred exports of diesel and petrol yesterday, rising virtually 5 per cent to above $1,010 a tonne. Crude costs additionally reversed earlier losses on the announcement — Brent rose 1 per cent to $94 a barrel. With central banks nonetheless combating towards inflation, the move fuels fears that Moscow is weaponising its oil supplies.
4. Western leaders raised the problem of a Canadian Sikh chief’s killing with Narendra Modi, India’s prime minister, after they met on the G20 summit this month. In line with folks accustomed to the talks, Joe Biden and different members of the 5 Eyes intelligence-sharing community raised the problem on the urging of Canada, which claims New Delhi was concerned within the killing. Read the full story.
5. UK client confidence rose to the very best degree since January 2022, supported by robust wage progress and easing inflation, in accordance with knowledge printed in the present day. That is additionally the second straight month of improve recorded by GfK’s client confidence index. Here’s how economic conditions could risk reversing the upturn.
How nicely did you retain up with the information this week? Take our quiz.
Information in-depth
![Wildfire in Athens](https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F708f0ad0-7953-401c-991e-24e79931e522.png?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1)
Governments are going through mounting stress because the world approaches 2030, the yr by which scientists say the planet should minimize greenhouse fuel emissions by virtually half. However politicians now must reconcile assembly internet zero targets with the political value of doing so, as local weather change strikes from a peripheral concern for voters to a central election issue globally.
We’re additionally studying . . .
Chart of the day
Airline passengers in Europe face the prospect of higher ticket prices following a rally within the value of oil that has threatened carriers’ booming earnings. Air fares have already risen sharply this yr, as airways money in on hovering demand for journey.
Take a break from the information
Listed here are the six finalists for the Monetary Occasions and Schroders Enterprise E book of the Yr Award — together with Walter Isaacson’s newly printed biography of Elon Musk.
![FT montage of this year’s book covers](https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fac5c7d04-c1c2-4043-b8ee-58e1d12785ae.png?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1)
Extra contributions from Benjamin Wilhelm and Gordon Smith