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Jul 14, 2011

Special report: Has Murdoch’s bad apple spoiled the barrel?

LONDON (Reuters) – At the turn of the millennium, journalists at News International’s tabloids often lunched at The Old Rose pub in Wapping. It may not have been the most charming hostelry in London but it was better than the mineral water culture of the corporate canteen at headquarters. Crime reporters from The Times and seasoned hands nostalgic for the camaraderie of Fleet Street would occasionally join the tabloid hacks for a pint of beer or a glass of wine or four.

Even then, two decades after Rupert Murdoch’s purchase of The Times, that’s about as close as reporters from his tabloids and quality newspaper would mix. When they were finished, say two people who used to work for the company, reporters for The Times would head to a building on one side of the road, the tabloid reporters the other.

Jul 14, 2011

Has Murdoch’s bad apple spoiled the barrel?

LONDON, July 14 (Reuters) – At the turn of the millennium,
journalists at News International’s tabloids often lunched at
The Old Rose pub in Wapping. It may not have been the most
charming hostelry in London but it was better than the mineral
water culture of the corporate canteen at headquarters. Crime
reporters from The Times and seasoned hands nostalgic for the
camaraderie of Fleet Street would occasionally join the tabloid
hacks for a pint of beer or a glass of wine or four.

Even then, two decades after Rupert Murdoch’s purchase of
The Times, that’s about as close as reporters from his tabloids
and quality newspaper would mix. When they were finished, say
two people who used to work for the company, reporters for The
Times would head to a building on one side of the road, the
tabloid reporters the other.

Jul 8, 2011

Analysis – Murdoch and Britain: has “the music stopped?”

LONDON (Reuters) – “Let me declare my vested interests up front,” Rupert Murdoch said in a 2010 speech praising Margaret Thatcher’s years as Prime Minister. “I speak as more than an admirer of Margaret Thatcher. I speak as a person grateful for the opportunities this nation has given me — and the opportunities she has created for every other individual in Britain.”

Australian-born Murdoch did not mention the opportunities he has given Britain’s politicians. It’s become a rite of passage for leaders of Britain’s main political parties to cosy up to Murdoch while in opposition, in the hope that his newspapers help them win power. Thatcher, Tony Blair and David Cameron all received the Murdoch stamp of approval before they took office.

Jul 8, 2011

Murdoch and Britain: has “the music stopped?”

LONDON (Reuters) – “Let me declare my vested interests up front,” Rupert Murdoch said in a 2010 speech praising Margaret Thatcher’s years as Prime Minister. “I speak as more than an admirer of Margaret Thatcher. I speak as a person grateful for the opportunities this nation has given me — and the opportunities she has created for every other individual in Britain.”

Australian-born Murdoch did not mention the opportunities he has given Britain’s politicians. It’s become a rite of passage for leaders of Britain’s main political parties to cozy up to Murdoch while in opposition, in the hope that his newspapers help them win power. Thatcher, Tony Blair and David Cameron all received the Murdoch stamp of approval before they took office.

May 24, 2011
via Reuters Investigates

The Britain Obama won’t see

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Security tops the agenda as Barack Obama visits Britain, with a tighter relationship on the cards between the United States and the UK:

“Ours is not just a special relationship, it is an essential relationship – for us and for the world,” Obama and British Prime Minister David Cameron said.

May 12, 2011
via Reuters Investigates

Why a Greek default wouldn’t be news

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“From 1800 until well after World War Two, Greece found itself virtually in continual default,” write Carmen Reinhart and Kenneth Rogoff in “This Time Is Different” — it’s a point Nouriel Roubini underlines in our latest look at Europe’s mess, from Noah Barkin.

In other words, for Greece over the long term, default is more steady-state than news.

May 9, 2011
via Reuters Investigates

Greece’s unsteady privatisation

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 Scepticism in financial markets about how effective the EU bailout of Greece will prove has long been mounting . One reason is concern that the country cannot deliver on its privatisation schedule. We checked out Greek efforts to sell off real estate, which are supposed to make up the bulk of funds raised there, and found little doing

A local mayor’s campaign to block the flagship Hellenikon airport project looks like building up into a major psychological battle.  He’s used hunger strikes in his past campaigns, and appears to be morally fortified by the bust of Lenin that he keeps on his desk.

Mar 10, 2011

Exclusive: Cables give U.S. insight into Saudi succession

LONDON (Reuters) – The Saudi prince seen as most likely to accede may in office prove less conservative than his public image suggests, according to leaked U.S. diplomatic cables, which offer rare insights into the succession debate inside America’s ally and leading oil supplier.

The cables, obtained by WikiLeaks and reviewed by Reuters, run a close commentary on the rules and candidates to succeed King Abdullah, around 87, on the assumption that the current Crown Prince, who is slightly younger and also has health problems, would not remain king for long even if he takes the throne. The cables pre-date the king’s latest publicized illness.

Feb 25, 2011
via Reuters Investigates

The coming of Glencore

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Checking background for our Special Report on Glencore, “The Biggest Company You Never Heard Of”, I stumbled on the novel “The Fortunes of Glencore” by Charles Lever. On a whim I read it. There were some intriguing parallels between the 20th-century company and the book, even though that was published in 1857.

The further I read, the more I asked myself if this little heard-of scrap of 19th-century literature couldn’t be used as some kind of coda. It sounds crazy, but maybe you can understand the temptation. Glencore is a secretive, controversial Swiss-based commodities trading and mining giant, and even though it may soon be quoted on the London and Hong Kong stock exchanges, it works hard to maintain its mystique. Could this little novel be some kind of “Da Vinci Code” for Glencore?

Feb 23, 2011

Cables show Libya pressed oil firms to reimburse terror costs

LONDON, Feb 23 (Reuters) – Libya’s ruling family tried to
coerce billions of dollars from Libyan and foreign oil
companies, and its leader Muammar Gaddafi exhorted the United
States to sow division in Saudi Arabia, leaked American
diplomatic cables reveal.

One cable seen by Reuters, sent from the U.S. embassy in
Tripoli, shows Gaddafi’s government exerting heavy pressure on
U.S. and other oil companies to reimburse Tripoli the $1.5
billion Libya had paid in 2008 into a fund to settle terrorism
claims from the 1980s.

    • About Sara

      "I work on the top news team edit long stories in Europe, the Middle East and Africa region as part of a global team. Before that, I was training journalists on writing about companies, after working as a tech correspondent. I've been a correspondent in Paris, Helsinki and Amsterdam and have worked freelance for a wide range of publications."
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