In a shocking development, late on Saturday the Saudi press reported that prominent billionaire, member of the royal Saudi family, and one of the biggest shareholders of Citi, News Corp. and Twitter – not to mention frequent CNBC guest – Al-Waleed bin Talal, along with ten senior princes, and some 38 ministers, has been arrested for corruption and money laundering charges on orders from... 

Media mogul Rupert Murdoch says Scottish independence “feels inevitable” and predicts a hung parliament following the UK general election next week. In a series of Tweets the chairman of News Corp, which owns The Times and The Sun, expressed a range of opinions on British politics, Scottish self-rule, and rising inequality in the UK and US. Murdoch, 84, suggested “dirty” deals would be made...