Irene moves to Canada, US damage at $7bn


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Murdoch daughter joins News board

Shine Television's founder will have similar status in her father's company to her brother James Murdoch when deal is complete Elisabeth Murdoch will join the board of her father's News Corporation and avoid reporting directly to her brother James after News completes the 415m buyout of her Shine Television group. The deal values the 42-year-old's controlling stake in Shine maker of Outcasts and Merlin at close to 200m, once the long-anticipated transaction completes around Easter. Shine will report to Chase Carey, News Corp's US-based deputy chairman, after the purchase completes regulatory approval even though the television producer is based in London. That means Shine will remain outside the direct remit of James Murdoch, the London-based chief executive of News Corporation, Europe and Asia putting the two siblings on a more equal footing at News Corporation. Although James Murdoch the subject of a profile in the New York Times at the weekend is widely see...
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Eurozone unemployment adds to gloom ahead of polls

Financial markets are braced for a rocky ride next week if voters in France and Greece strike a blow against the centrally imposed deficit targets that have been at the heart of Europe's response to the debt crisis over the past two year Rising unemployment and plunging business confidence in the euro area revealed the increasingly fragile state of the region's economy on Wednesday, as voters in France and Greece prepare to deliver their verdict on austerity in Sunday elections. Official figures showed that unemployment across the 17-member single currency zone increased by 169,000 in March, for the 11th consecutive month, to hit 17.37m. The unemployment rate was 10.9%, the highest level in its history. Even in Germany, which has so far largely escaped unscathed from the downturn sweep of the labour market, unemployment began to tick up in March, though it remained at just 5.6% of the workforce. There was also evidence that businesses are being hit by what many analysts expect ...
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