Lachlan Murdoch drops case against Crikey, days after Fox News paid $787m to Dominion
Lachlan Murdoch is dropping his defamation case against Private Media, the publisher of Crikey.
Murdoch’s lawyer says “it is a matter of public record that Crikey admits there is no truth to the imputations that were made about Murdoch in the [disputed] article.”
This comes just days after Fox News paid $787 million to settle a lawsuit brought by voting machine maker Dominion.
The lawyer says a contributing factor to Murdoch’s decision was the case against Dominion settling.
In June 2022, Crikey’s political editor published an article linking the Murdoch family to the January 6 Capitol attacks in the U.S.
The headline called Murdoch an “unindicted co-conspirator”.
It was taken down after a formal legal complaint from Murdoch, but was later republished.
“Murdoch remains confident the court would ultimately find in his favour, however he does not wish to further enable Crikey’s use of the court to litigate a case from another jurisdiction,” the lawyer said.
Xi Jinping is taking over China’s sharemarket
China’s economy sees President Xi Jinping asserting control over its sharemarket, a move raising eyebrows globally.
Xi’s government has unveiled a series of measures aimed at consolidating authority over the country’s stock market, signalling a desire for greater economic stability and control.
The reforms include stricter regulations for listing on Chinese stock exchanges, with companies needing to meet more stringent criteria to go public.
Additionally, the government is increasing its oversight of foreign listings by Chinese firms, a move seen as an attempt to prevent capital flight.
Investors worry as Tesla misses targets
Tesla reported lower-than-expected quarterly deliveries, sending its shares into a downward spiral.
The EV giant’s stock tumbled as investors expressed concerns over the company’s ability to meet its ambitious growth targets.
In the third quarter of this year, Tesla delivered a total of 220,500 vehicles, missing Wall Street’s estimates.
This disappointing performance raised doubts about the company’s ability to keep up with the soaring demand for its EVs, especially as competitors continue to enter the market. #featured
Is the housing market surge a bubble waiting to burst?
The housing market has witnessed a remarkable surge in home sales, driving property prices to unprecedented highs.
Despite the ongoing economic challenges, the real estate sector appears to be thriving, leaving experts and homeowners both astonished and hopeful.
Over the past year, the real estate landscape has been anything but predictable.
But the surge in demand has been met with a limited supply of available homes.
Builders have struggled to keep pace with the soaring demand, making the situation worse. #featured
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