Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Lachlan Murdoch to end Australia stay and return for Fox U.S. reopening

2021 04 14T064505Z 1 LYNXMPEH3D0B4 RTROPTP 4 FOX CEO - Global Banking | Finance

By Byron Kaye and Helen Coster

SYDNEY (Reuters) – Fox Corp chief executive Lachlan Murdoch will return to the United States from a months-long Australian sojourn in early September, a spokesman told Reuters on Wednesday.

Murdoch, who also co-chairs publisher News Corp with his father Rupert Murdoch, moved with his family to Sydney last month, joining a host of high profile people who have opted to ride out the coronavirus pandemic in relatively unaffected Australia.

Spokesman John Connolly said Murdoch, who is also Fox’s executive chairman, would return to Los Angeles in early September to reopen the company’s operational head office there “and will go back to working and living in the U.S.”

Fox last month told its 9,000 staff to return to their U.S. offices from Sept. 7, after working at from home for several months.

“As with most CEOs of large companies, he’s looking forward to moving from working from home to working from the office,” Connolly said, adding that Murdoch would commute regularly to Sydney where his immediate family will remain.

While he is in Sydney, Murdoch will work midnight to morning local time, a source familiar with the plans said.

Australia and the United States have had vastly different pandemic experiences. While an average of around 69,500 new COVID-19 infections are being reported in the United States each day, Australia has a near zero rate. The surge in U.S. cases led Biden to urge states on March 29 to pause reopening efforts as a top health official warned of “impending doom”.

(Reporting by Byron Kaye in Sydney and Helen Coster in New York; editing by Jane Wardell)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post