Rupert Murdoch steps down as chair of Fox and News Corp

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The 92-year-old will become chairman emeritus of the two corporations. His son, Lachland Murdoch, has been named his successor. We look at what the future might hold for family-run media empire. The cost of oranges has gone up this year as crop sizes have gone down across the world due to weather events. We hear more from a farmer and a trading association in Florida. And Russia bans the export of diesel and petrol. We look at the reasons and the impact this can have on global fuel prices. Roger Hearing discusses these and more business news with two guests on opposite sides of the world: Simon Littlewood, President of ACG Global in Singapore, and Sarah Kunst, managing director of Cleo Capital in San Francisco. (Picture: Rupert Murdoch. Picture credit: Reuters)